HighPeak Energy, Inc. HPK
HighPeak Energy, Inc., a Delaware corporation formed on October 29, 2019, is an independent crude oil and natural gas exploration and production company that explores for, develops and produces crude oil, NGL and natural gas in the Permian Basin in West Texas, more specifically, the Midland Basin primarily in Howard and Borden Counties, Texas, and to a lesser extent Scurry and Mitchell Counties, which lie within the northeastern part of the crude oil-rich Midland Basin. Our acreage is composed of two core areas, Flat Top primarily in the northern portion of Howard County extending into southern Borden County, southwest Scurry County and northwest Mitchell County and Signal Peak in the southern portion of Howard County.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $863.4M | $1.12B | $1.13B | $755.7M | $220.1M | — | $8.1M | — |
| SG&A | $25.3M | $20.4M | $16.6M | $12.5M | $8.9M | — | $8.7M | — |
| Total operating expenses | $710.5M | $776.0M | $696.4M | $333.1M | $118.3M | — | $19.7M | — |
| Operating income | $150.0M | $337.4M | $426.5M | $422.6M | $101.7M | — | -$11.6M | — |
| Interest expense | $147.1M | $168.7M | $147.9M | $50.6M | $2.5M | — | — | — |
| Pre-tax income | $26.2M | $130.9M | $281.8M | $312.2M | $72.5M | — | -$11.6M | — |
| Income tax | $7.2M | $35.9M | $65.9M | $75.4M | $16.9M | — | — | — |
| Net income | $18.96B | $95.07B | $215.87B | $236.9M | $55.6M | — | -$11.6M | — |
| EPS, basic | 0.13 | 0.69 | 1.64 | 2.04 | 0.55 | — | — | — |
| EPS, diluted | 0.14 | 0.67 | 1.58 | 1.93 | 0.54 | — | — | — |
| Shares, diluted (wtd. avg.) | 125.3M | 129.2M | 123.0M | 111.2M | 94.8M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $162.1M | $86.6M | $194.5M | $30.5M | $34.9M | $86.5M | $22.7M | $894.0K |
| Receivables | $55.5M | $85.2M | $94.6M | $96.6M | $39.4M | $3.0M | $3.4M | — |
| Inventory | $7.6M | $11.0M | $7.3M | $13.3M | $3.3M | $121.0K | $184.0K | — |
| Total current assets | $259.9M | $195.0M | $328.8M | $144.5M | $87.0M | $89.5M | $92.0M | — |
| Property, plant and equipment | $3.0M | $3.2M | $3.6M | $3.6M | $1.6M | $436.0K | $1.1M | — |
| Total assets | $3.21B | $3.06B | $3.08B | $2.28B | $819.0M | $542.0M | $497.9M | — |
| Accounts payable | $230.3M | $284.6M | $287.4M | $266.1M | $103.0M | $22.4M | $31.0M | — |
| Short-term debt | $60.0M | $120.0M | $120.0M | $0 | $0 | $0 | — | — |
| Total current liabilities | $230.3M | $284.6M | $287.4M | $266.1M | $103.0M | $28.4M | $31.0M | — |
| Long-term debt | $1.13B | $928.4M | $1.03B | $704.3M | $97.9M | $0 | — | — |
| Retained earnings | $432.5M | $435.8M | $363.3M | $160.7M | -$64.4M | -$90.8M | -$5.7M | — |
| Total equity | $1.59B | $1.60B | $1.55B | $1.17B | $553.1M | $474.2M | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $511.6M | $690.4M | $756.4M | $504.0M | $147.0M | — | -$772.0K | — |
| Depreciation and amortisation | $421.8M | $500.8M | $424.4M | $177.7M | $65.2M | — | $4.3M | — |
| Stock-based compensation | $619.0K | $12.7M | $26.0M | $33.4M | $6.7M | — | — | — |
| Investing cash flow | -$515.3M | -$620.8M | -$1.13B | -$1.18B | -$250.4M | — | -$51.4M | — |
| Financing cash flow | $79.2M | -$177.4M | $533.6M | $674.0M | $118.7M | — | $74.0M | — |
| Dividends paid | $20.9M | $20.1M | $11.9M | $10.4M | $9.3M | — | — | — |
| Buybacks | $0 | $35.2M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-014193.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $8.1M | — | $220.1M | $755.7M | $1.13B | $1.12B | $863.4M |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | -$11.6M | — | $55.6M | $236.9M | $215.87B | $95.07B | $18.96B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Shareholder vote Item 5.07
- Material agreement signed Item 1.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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