What is Highpeak Energy，Inc's earnings per share (EPS)?

Highpeak Energy，Inc (HPK) reported diluted earnings per share of $0.14 for fiscal year 2025. This represents a -79.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Highpeak Energy，Inc Financials

HPK

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Highpeak Energy，Inc (HPK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HPK FY2025 2026-05-06

Large non-cash charges keep cash flow stronger than earnings, while reinvestment and interest costs absorb most of the cushion each year.

In FY2025, cash generation stayed far ahead of accounting profit: operating cash flow was $512M against net income of $19M, so reported earnings understate how much cash the asset base actually produced. That cushion still did not become much residual profit because interest expense nearly consumed operating income, with $147M of interest against $150M of operating income.

From FY2023 to FY2025, revenue fell from $1.13B to $863M, shrinking the base over which this asset-heavy business spreads its costs. At the same time, operating margin compression from 37.7% to 17.4% suggests weaker top-line conditions were not offset by enough cost relief, which looks more like fixed-cost pressure than a simple earnings wobble.

The balance sheet shows a split picture: near-term liquidity improved, with current ratio rising from 0.7x to 1.1x, but leverage kept climbing, with debt-to-equity moving from 0.6x to 0.7x. That means short-term obligations look better covered even as the business relies more heavily on debt to finance a large, depreciation-heavy asset base.

Financial Health Signals

Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Highpeak Energy，Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Highpeak Energy，Inc has an operating margin of 17.4%, meaning the company retains $17 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is down from 30.2% the prior year.

Growth

Highpeak Energy，Inc's revenue declined 22.7% year-over-year, from $1.1B to $863.4M. This contraction results in a growth score of 12/100.

Leverage

Highpeak Energy，Inc carries a low D/E ratio of 0.71, meaning only $0.71 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Highpeak Energy，Inc's current ratio of 1.13 is below the typical benchmark, resulting in a score of 18/100. However, the company holds substantial cash reserves (70% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Altman Z-Score Distress

0.95

Highpeak Energy，Inc scores 0.95, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Weak

3/9

Highpeak Energy，Inc passes 3 of 9 financial strength tests. All 1 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Interest Coverage At Risk

1.0x

Highpeak Energy，Inc earns $1.0 in operating income for every $1 of interest expense ($150.0M vs $147.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$863.4M

YoY-22.7%

5Y CAGR+154.3%

Highpeak Energy，Inc generated $863.4M in revenue in fiscal year 2025. This represents a decrease of 22.7% from the prior year.

EBITDA

$571.8M

YoY-31.8%

Highpeak Energy，Inc's EBITDA was $571.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.8% from the prior year.

Net Income

N/A

EPS (Diluted)

$0.14

YoY-79.1%

Highpeak Energy，Inc earned $0.14 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 79.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$162.1M

YoY+87.0%

5Y CAGR+48.1%

Highpeak Energy，Inc held $162.1M in cash against $1.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.16

YoY+0.0%

Highpeak Energy，Inc paid $0.16 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

125M

YoY-0.6%

Highpeak Energy，Inc had 125M shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

17.4%

YoY-12.8pp

5Y CAGR+160.1pp

Highpeak Energy，Inc's operating margin was 17.4% in fiscal year 2025, reflecting core business profitability. This is down 12.8 percentage points from the prior year.

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Highpeak Energy，Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

HPK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Revenue	$863.4M-22.7%	$1.1B-1.2%	$1.1B+49.7%	$755.7M+243.3%	$220.1M+2612.6%	$8.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$25.3M+23.9%	$20.4M+22.9%	$16.6M+33.1%	$12.5M+40.3%	$8.9M+2.3%	$8.7M
Operating Income	$150.0M-55.5%	$337.4M-20.9%	$426.5M+0.9%	$422.6M+315.6%	$101.7M+978.1%	-$11.6M
Interest Expense	$147.1M-12.8%	$168.7M+14.1%	$147.9M+192.2%	$50.6M+1937.4%	$2.5M	N/A
Income Tax	$7.2M-79.9%	$35.9M-45.6%	$65.9M-12.5%	$75.4M+345.8%	$16.9M	N/A
Net Income	N/A	N/A	N/A	$236.9M+326.3%	$55.6M+579.8%	-$11.6M
EPS (Diluted)	$0.14-79.1%	$0.67-57.6%	$1.58-18.1%	$1.93+257.4%	$0.54	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$215.9M+7.0%	$201.8M+6.8%	$188.9M-5.8%	$200.4M-26.4%	$272.3M-3.6%	$282.6M+4.0%	$271.6M-1.3%	$275.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.7M+46.4%	$3.9M-57.9%	$9.3M+64.5%	$5.7M-10.6%	$6.3M+5.7%	$6.0M+20.7%	$5.0M+5.0%	$4.7M
Operating Income	$36.0M+319.0%	-$16.4M-150.4%	$32.6M-24.9%	$43.4M-51.9%	$90.4M+22.7%	$73.7M+0.3%	$73.4M-15.8%	$87.3M
Interest Expense	$35.0M-4.2%	$36.6M-1.5%	$37.1M+2.0%	$36.4M-1.6%	$37.0M-6.4%	$39.5M-7.2%	$42.6M-1.0%	$43.0M
Income Tax	-$27.7M-304.8%	-$6.8M-91.5%	-$3.6M-146.5%	$7.7M-22.9%	$9.9M+157.1%	$3.9M-75.0%	$15.4M+8.3%	$14.3M
Net Income	-$127.4M	N/A	-$18.3M-170.0%	$26.2M-28.0%	$36.3M	N/A	$49.9M+68.0%	$29.7M
EPS (Diluted)	$-1.02	N/A	$-0.15-178.9%	$0.19-26.9%	$0.26	N/A	$0.35+66.7%	$0.21

HPK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Total Assets	$3.2B+4.9%	$3.1B-0.6%	$3.1B+35.2%	$2.3B+178.3%	$819.0M+64.5%	$497.9M
Current Assets	$259.9M+33.3%	$195.0M-40.7%	$328.8M+127.5%	$144.5M+66.2%	$87.0M-5.5%	$92.0M
Cash & Equivalents	$162.1M+87.0%	$86.6M-55.5%	$194.5M+537.7%	$30.5M-12.5%	$34.9M+53.5%	$22.7M
Inventory	$7.6M-30.2%	$11.0M+51.0%	$7.3M-45.4%	$13.3M+301.8%	$3.3M+1695.7%	$184K
Accounts Receivable	$55.5M-34.8%	$85.2M-9.9%	$94.6M-2.1%	$96.6M+145.3%	$39.4M+1070.9%	$3.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6B+10.8%	$1.5B-4.4%	$1.5B+37.7%	$1.1B+317.4%	$265.9M	N/A
Current Liabilities	$230.3M-19.1%	$284.6M-1.0%	$287.4M+8.0%	$266.1M+158.4%	$103.0M+232.5%	$31.0M
Long-Term Debt	$1.1B+22.0%	$928.4M-9.9%	$1.0B+46.3%	$704.3M+619.2%	$97.9M	N/A
Total Equity	$1.6B-0.5%	$1.6B+3.2%	$1.6B+32.8%	$1.2B+111.5%	$553.1M	N/A
Retained Earnings	$432.5M-0.8%	$435.8M+20.0%	$363.3M+126.0%	$160.7M+349.5%	-$64.4M-1021.4%	-$5.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.1B-2.7%	$3.2B+0.3%	$3.2B+3.7%	$3.1B-0.1%	$3.1B+1.0%	$3.1B+0.1%	$3.1B+0.2%	$3.1B
Current Assets	$212.1M-18.4%	$259.9M+3.4%	$251.3M+105.7%	$122.2M-19.9%	$152.6M-21.7%	$195.0M-21.6%	$248.7M-3.8%	$258.6M
Cash & Equivalents	$95.8M-40.9%	$162.1M-1.7%	$164.9M+654.6%	$21.9M-57.7%	$51.6M-40.4%	$86.6M-36.1%	$135.6M-14.1%	$157.9M
Inventory	$4.4M-43.0%	$7.6M-22.8%	$9.9M+45.2%	$6.8M-21.6%	$8.7M-20.5%	$11.0M+37.5%	$8.0M+1.9%	$7.8M
Accounts Receivable	$98.5M+77.3%	$55.5M+1.8%	$54.6M-23.6%	$71.4M-8.8%	$78.4M-8.1%	$85.2M+11.5%	$76.4M-12.7%	$87.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.7B+2.4%	$1.6B+2.6%	$1.6B+10.0%	$1.4B-1.7%	$1.5B-0.1%	$1.5B+0.3%	$1.5B-2.0%	$1.5B
Current Liabilities	$317.1M+37.7%	$230.3M+50.8%	$152.7M+8.5%	$140.7M-52.9%	$298.9M+5.0%	$284.6M+9.6%	$259.6M-6.9%	$278.9M
Long-Term Debt	$1.1B-3.1%	$1.1B-2.5%	$1.2B+13.1%	$1.0B+13.8%	$902.8M-2.8%	$928.4M-2.7%	$953.8M-2.6%	$979.3M
Total Equity	$1.5B-7.9%	$1.6B-2.0%	$1.6B-1.7%	$1.7B+1.3%	$1.6B+1.9%	$1.6B-0.2%	$1.6B+2.2%	$1.6B
Retained Earnings	$305.1M-29.5%	$432.5M-6.6%	$463.3M-4.9%	$487.2M+4.4%	$466.6M+7.1%	$435.8M+0.8%	$432.4M+11.4%	$388.1M

HPK Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Operating Cash Flow	$511.6M-25.9%	$690.4M-8.7%	$756.4M+50.1%	$504.0M+242.8%	$147.0M+19143.4%	-$772K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$515.3M+17.0%	-$620.8M+44.9%	-$1.1B+4.8%	-$1.2B-372.3%	-$250.4M-386.8%	-$51.4M
Financing Cash Flow	$79.2M+144.6%	-$177.4M-133.3%	$533.6M-20.8%	$674.0M+468.0%	$118.7M+60.3%	$74.0M
Dividends Paid	$20.9M+4.2%	$20.1M+69.1%	$11.9M+13.9%	$10.4M-10.2%	$11.6M	N/A
Share Buybacks	$0-100.0%	$35.2M	$0	$0	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$54.2M-41.8%	$93.1M-22.6%	$120.2M-14.9%	$141.2M-10.1%	$157.1M+12.6%	$139.5M-21.2%	$177.1M-12.5%	$202.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$114.4M-29.2%	-$88.5M+15.5%	-$104.7M+36.7%	-$165.5M-5.7%	-$156.6M-8.0%	-$145.0M+4.1%	-$151.2M+14.3%	-$176.4M
Financing Cash Flow	-$6.1M+17.6%	-$7.4M-105.8%	$127.5M+2421.1%	-$5.5M+84.5%	-$35.5M+18.3%	-$43.4M+10.0%	-$48.2M-16.5%	-$41.4M
Dividends Paid	$0-100.0%	$5.4M-4.6%	$5.6M+13.3%	$5.0M+0.2%	$5.0M-0.4%	$5.0M-0.4%	$5.0M-0.8%	$5.0M
Share Buybacks	N/A	$0	$0	$0	$0-100.0%	$7.9M-37.6%	$12.7M+119.4%	$5.8M

HPK Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	17.4%-12.8pp	30.2%-7.5pp	37.7%-18.2pp	55.9%+9.7pp	46.2%+188.9pp	-142.7%
Net Margin	N/A	N/A	N/A	31.3%+6.1pp	25.2%+167.9pp	-142.7%
Return on Equity	N/A	N/A	N/A	20.3%+10.2pp	10.1%	N/A
Return on Assets	N/A	N/A	N/A	10.4%+3.6pp	6.8%+9.1pp	-2.3%
Current Ratio	1.13+0.4	0.69-0.5	1.14+0.6	0.54-0.3	0.84-2.1	2.97
Debt-to-Equity	0.71+0.1	0.58-0.1	0.66+0.1	0.60+0.4	0.18	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	16.7%+24.8pp	-8.2%-25.4pp	17.3%-4.4pp	21.7%-11.5pp	33.2%+7.1pp	26.1%-1.0pp	27.0%-4.7pp	31.7%
Net Margin	-59.0%	N/A	-9.7%-22.8pp	13.1%-0.3pp	13.3%	N/A	18.4%+7.6pp	10.8%
Return on Equity	-8.7%	N/A	-1.1%-2.7pp	1.6%-0.6pp	2.2%	N/A	3.1%+1.2pp	1.9%
Return on Assets	-4.1%	N/A	-0.6%-1.4pp	0.9%-0.3pp	1.2%	N/A	1.6%+0.7pp	1.0%
Current Ratio	0.67-0.5	1.13-0.5	1.65+0.8	0.87+0.4	0.51-0.2	0.69-0.3	0.96+0.0	0.93
Debt-to-Equity	0.75+0.0	0.710.0	0.71+0.1	0.62+0.1	0.55-0.0	0.58-0.0	0.59-0.0	0.62
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Highpeak Energy，Inc's annual revenue?

Highpeak Energy，Inc (HPK) reported $863.4M in total revenue for fiscal year 2025. This represents a -22.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Highpeak Energy，Inc's revenue growing?

Highpeak Energy，Inc (HPK) revenue declined by 22.7% year-over-year, from $1.1B to $863.4M in fiscal year 2025.

What is Highpeak Energy，Inc's EBITDA?

Highpeak Energy，Inc (HPK) had EBITDA of $571.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Highpeak Energy，Inc have?

As of fiscal year 2025, Highpeak Energy，Inc (HPK) had $162.1M in cash and equivalents against $1.1B in long-term debt.

What is Highpeak Energy，Inc's operating margin?

Highpeak Energy，Inc (HPK) had an operating margin of 17.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Does Highpeak Energy，Inc pay dividends?

Yes, Highpeak Energy，Inc (HPK) paid $0.16 per share in dividends during fiscal year 2025.

What is Highpeak Energy，Inc's operating cash flow?

Highpeak Energy，Inc (HPK) generated $511.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Highpeak Energy，Inc's total assets?

Highpeak Energy，Inc (HPK) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Highpeak Energy，Inc have outstanding?

Highpeak Energy，Inc (HPK) had 125M shares outstanding as of fiscal year 2025.

What is Highpeak Energy，Inc's current ratio?

Highpeak Energy，Inc (HPK) had a current ratio of 1.13 as of fiscal year 2025, which is considered adequate.

What is Highpeak Energy，Inc's debt-to-equity ratio?

Highpeak Energy，Inc (HPK) had a debt-to-equity ratio of 0.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Highpeak Energy，Inc's Altman Z-Score?

Highpeak Energy，Inc (HPK) has an Altman Z-Score of 0.95, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Highpeak Energy，Inc's Piotroski F-Score?

Highpeak Energy，Inc (HPK) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Can Highpeak Energy，Inc cover its interest payments?

Highpeak Energy，Inc (HPK) has an interest coverage ratio of 1.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Highpeak Energy，Inc?

Highpeak Energy，Inc (HPK) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.