HighPeak Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), HighPeak Energy Inc reported revenue of $863.4M (-19.3% year on year) and net income of $19.0M (-80.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $863.4M | $1.1B | $1.1B | $755.7M |
| Crude oil and natural gas production | $139.5M | $132.2M | $145.4M | $69.6M |
| Gathering, processing and transportation | $68.4M | — | — | — |
| Production and ad valorem taxes | $37.2M | $59.7M | $58.5M | $38.4M |
| Exploration and abandonments | $16.7M | $1.5M | $5.2M | $1.1M |
| Depletion, depreciation and amortization | $421.8M | $500.8M | $424.4M | $177.7M |
| Accretion of discount | $1.1M | $966.0K | $522.0K | $370.0K |
| General and administrative | $25.3M | $20.4M | $16.6M | $12.5M |
| Stock-based compensation | $619.0K | $12.7M | $26.0M | $33.4M |
| Total operating costs and expenses | $710.5M | $728.2M | $676.6M | $333.1M |
| Other expense | $2.8M | $3.8M | $8.3M | $0 |
| Income from operations | $150.0M | $337.4M | $426.5M | $422.6M |
| Interest income | $3.8M | $8.7M | $2.9M | $266.0K |
| Interest expense | ($147.1M) | ($168.7M) | ($147.9M) | ($50.6M) |
| Gain (loss) on derivative instruments, net | $44.9M | ($46.5M) | $27.6M | ($60.0M) |
| Loss on extinguishment of debt | ($25.4M) | $0 | ($27.3M) | — |
| Income before income taxes | $26.2M | $130.9M | $281.8M | $312.2M |
| Provision for income taxes | $7.2M | $35.9M | $65.9M | $75.4M |
| Net income | $19.0M | $95.1M | $215.9M | $236.9M |
| Basic net income (in dollars per share) | $0.13 | $0.69 | $1.64 | $2.04 |
| Diluted net income (in dollars per share) | $0.14 | $0.67 | $1.58 | $1.93 |
| Basic (in shares) | 125.3M | 125.3M | 118.0M | 104.7M |
| Diluted (in shares) | 125.3M | 129.2M | 123.0M | 111.2M |
| Dividends declared per share (in dollars per share) | $0.16 | $0.16 | $0.10 | $0.10 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $272.4M | $215.9M | $188.9M | $200.4M |
| Crude oil and natural gas production | $32.6M | $29.5M | $33.3M | $33.7M |
| Gathering, processing and transportation | $17.2M | $17.7M | — | — |
| Production and ad valorem taxes | $13.3M | $11.9M | $10.0M | $12.4M |
| Exploration and abandonments | $4.4M | $742.0K | $2.3M | $1.1M |
| Depletion, depreciation and amortization | $113.4M | $113.0M | $100.6M | $101.2M |
| Accretion of discount | $302.0K | $295.0K | $285.0K | $256.0K |
| General and administrative | $7.0M | $5.7M | $9.3M | $5.7M |
| Stock-based compensation | $868.0K | $865.0K | $177.0K | $88.0K |
| Total operating costs and expenses | $189.2M | $179.8M | $156.0M | $154.5M |
| Other expense | $3.0M | $50.0K | $222.0K | $2.5M |
| Income from operations | $80.2M | $36.0M | $32.6M | $43.4M |
| Interest income | $1.0M | $949.0K | $1.2M | $361.0K |
| Interest expense | ($36.0M) | ($35.0M) | ($37.1M) | ($36.4M) |
| Gain (loss) on derivative instruments, net | $53.4M | ($157.0M) | $6.9M | $26.4M |
| Income before income taxes | $98.7M | ($155.1M) | ($21.9M) | $33.8M |
| Provision for income taxes | $16.4M | ($27.7M) | ($3.6M) | $7.7M |
| Net income | $82.3M | ($127.4M) | ($18.3M) | $26.2M |
| Basic net income (in dollars per share) | $0.60 | -$1.02 | -$0.15 | $0.19 |
| Diluted net income (in dollars per share) | $0.59 | -$1.02 | -$0.15 | $0.19 |
| Basic (in shares) | 125.3M | 125.3M | 124.8M | 123.9M |
| Diluted (in shares) | 126.4M | 125.3M | 124.8M | 126.1M |
| Dividends declared per share (in dollars per share) | $0.00 | $0.00 | $0.04 | $0.04 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $162.1M | $86.6M | $194.5M | $30.5M |
| Accounts receivable | $55.5M | $85.2M | $94.6M | $96.6M |
| Derivative instruments | $29.6M | $7.6M | $31.5M | $17.0K |
| Inventory | $7.6M | $11.0M | $7.3M | $13.3M |
| Prepaid expenses | $5.1M | $4.6M | $995.0K | $4.1M |
| Total current assets | $259.9M | $195.0M | $328.8M | $144.5M |
| Proved properties | $4.5B | $4.0B | $3.3B | $2.3B |
| Unproved properties | $59.3M | $70.9M | $72.7M | $114.7M |
| Accumulated depletion, depreciation and amortization | ($1.6B) | ($1.2B) | ($684.2M) | ($260.0M) |
| Total crude oil and natural gas properties, net | $2.9B | $2.8B | $2.7B | $2.1B |
| Other property and equipment, net | $3.0M | $3.2M | $3.6M | $3.6M |
| Derivative instruments | $4.2M | $0 | $16.1M | — |
| Other noncurrent assets | $16.2M | $19.3M | $5.7M | $6.4M |
| Total assets | $3.2B | $3.1B | $3.1B | $2.3B |
| Current maturities of long-term debt | $60.0M | $120.0M | $120.0M | — |
| Accounts payable – trade | $84.3M | $74.0M | $63.6M | $105.6M |
| Accrued capital expenditures | $30.9M | $35.2M | $39.2M | $91.8M |
| Revenues and royalties payable | $30.7M | $26.8M | $29.7M | $15.6M |
| Other accrued liabilities | $20.9M | $22.2M | $19.6M | $15.6M |
| Advances from joint interest owners | $2.2M | $316.0K | $262.0K | $7.3M |
| Operating leases | $845.0K | $719.0K | $528.0K | — |
| Derivative instruments | $380.0K | $5.4M | $13.1M | $16.7M |
| Total current liabilities | $230.3M | $284.6M | $287.4M | $266.1M |
| Long-term debt, net | $1.1B | $928.4M | $1.0B | $704.3M |
| Deferred income taxes | $239.6M | $232.4M | $197.1M | $131.2M |
| Asset retirement obligations | $15.9M | $14.8M | $13.2M | $7.5M |
| Derivative instruments | $360.0K | $0 | $65.0K | $691.0K |
| Operating leases | $142.0K | $670.0K | — | — |
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at December 31, 2025 and 2024 | 0 | 0 | 0 | 0 |
| Common stock, $0.0001 par value, 600,000,000 shares authorized, 125,330,104 and 126,067,436 shares issued and outstanding at December 31, 2025 and 2024, respectively | 13.0K | 13.0K | 13.0K | 11.0K |
| Additional paid-in capital | $1.2B | $1.2B | $1.2B | $1.0B |
| Retained earnings | $432.5M | $435.8M | $363.3M | $160.7M |
| Total stockholders’ equity | $1.6B | $1.6B | $1.6B | $1.2B |
| Total liabilities and stockholders’ equity | $3.2B | $3.1B | $3.1B | $2.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $146.3M | $95.8M | $164.9M | $21.9M |
| Accounts receivable | $83.1M | $98.5M | $54.6M | $71.4M |
| Derivative instruments | $27.8M | $7.8M | $17.3M | $17.3M |
| Inventory | $3.8M | $4.4M | $9.9M | $6.8M |
| Prepaid expenses | $3.2M | $5.6M | $4.6M | $4.8M |
| Total current assets | $264.3M | $212.1M | $251.3M | $122.2M |
| Proved properties | $4.7B | $4.6B | $4.4B | $4.3B |
| Unproved properties | $57.4M | $59.2M | $67.9M | $69.9M |
| Accumulated depletion, depreciation and amortization | ($1.8B) | ($1.7B) | ($1.5B) | ($1.4B) |
| Total crude oil and natural gas properties, net | $2.9B | $2.9B | $2.9B | $2.9B |
| Other property and equipment, net | $3.3M | $3.1M | $3.1M | $3.1M |
| Derivative instruments | $3.3M | $0 | $3.1M | $1.8M |
| Other noncurrent assets | $15.2M | $15.4M | $17.0M | $18.6M |
| Total assets | $3.2B | $3.1B | $3.2B | $3.1B |
| Current maturities of long-term debt | $120.0M | $90.0M | $30.0M | $0 |
| Accounts payable – trade | $52.6M | $51.2M | $44.6M | $64.3M |
| Accrued capital expenditures | $45.5M | $16.7M | $23.2M | $22.4M |
| Revenues and royalties payable | $32.6M | $30.8M | $30.0M | $27.5M |
| Derivative instruments | $25.7M | $98.8M | $0 | $1.4M |
| Other accrued liabilities | $13.9M | $12.6M | $24.1M | $24.2M |
| Derivative settlements payable | $12.0M | $16.0M | — | — |
| Advances from joint interest owners | $2.9M | $357.0K | $0 | $0 |
| Operating leases | $448.0K | $661.0K | $885.0K | $912.0K |
| Total current liabilities | $305.5M | $317.1M | $152.7M | $140.7M |
| Long-term debt, net | $1.1B | $1.1B | $1.2B | $1.0B |
| Deferred income taxes | $228.4M | $212.0M | $246.5M | $250.0M |
| Asset retirement obligations | $16.7M | $16.3M | $15.7M | $15.4M |
| Derivative instruments | $3.9M | $15.5M | $772.0K | $1.4M |
| Operating leases | $75.0K | $96.0K | $327.0K | $522.0K |
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2026 and December 31, 2025 | 0 | 0 | 0 | 0 |
| Common stock, $0.0001 par value, 600,000,000 shares authorized, 126,452,804 and 125,330,104 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 13.0K | 13.0K | 13.0K | 13.0K |
| Additional paid-in capital | $1.2B | $1.2B | $1.2B | $1.2B |
| Retained earnings | $387.4M | $305.1M | $463.3M | $487.2M |
| Total stockholders’ equity | $1.6B | $1.5B | $1.6B | $1.7B |
| Total liabilities and stockholders’ equity | $3.2B | $3.1B | $3.2B | $3.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $19.0M | $95.1M | $215.9M | $236.9M |
| Provision for deferred income taxes | $7.2M | $35.3M | $65.9M | $75.4M |
| Loss on extinguishment of debt | $25.4M | $0 | $27.3M | — |
| (Gain) loss on derivative instruments, net | ($44.9M) | $46.5M | ($27.6M) | — |
| Cash received (paid) on settlement of derivative instruments | $14.1M | ($14.2M) | ($24.2M) | — |
| Amortization of debt issuance costs | $5.9M | $8.3M | $11.4M | $5.6M |
| Amortization of discounts on long-term debt | $5.7M | $9.9M | $15.1M | $7.7M |
| Stock-based compensation expense | $619.0K | $12.7M | $26.0M | $33.4M |
| Accretion expense | $1.1M | $966.0K | $522.0K | $370.0K |
| Depletion, depreciation and amortization | $421.8M | $500.8M | $424.4M | $177.7M |
| Exploration and abandonment expense | $15.4M | $620.0K | $4.2M | $146.0K |
| Accounts receivable | $29.7M | $9.3M | $2.0M | ($57.2M) |
| Prepaid expenses, inventory and other assets | $5.6M | ($19.5M) | $6.9M | ($12.0M) |
| Accounts payable, accrued liabilities and other current liabilities | $5.0M | $4.7M | $8.5M | $34.1M |
| Net cash provided by operating activities | $511.6M | $690.4M | $756.4M | $504.0M |
| Additions to crude oil and natural gas properties | ($515.4M) | ($604.8M) | ($1.0B) | ($1.0B) |
| Changes in working capital associated with crude oil and natural gas property additions | $6.3M | ($1.3M) | ($100.8M) | $128.9M |
| Acquisitions of crude oil and natural gas properties | ($6.7M) | ($14.8M) | ($15.1M) | ($262.4M) |
| Proceeds from sales of properties | $570.0K | $339.0K | $0 | $0 |
| Other property additions | ($54.0K) | ($216.0K) | ($193.0K) | ($2.2M) |
| Net cash used in investing activities | ($515.3M) | ($620.8M) | ($1.1B) | ($1.2B) |
| Repayments under Term Loan Credit | $180.0M | $0 | $1.2B | — |
| Repayments under Term Loan Credit | ($60.0M) | ($120.0M) | — | — |
| Borrowings under Senior Credit Facility Agreement | $30.0M | — | $255.0M | $925.0M |
| Repayments under Senior Credit Facility Agreement | ($30.0M) | $0 | ($525.0M) | ($755.0M) |
| Dividends paid | ($20.9M) | ($20.1M) | ($11.9M) | ($10.4M) |
| Debt issuance costs | ($7.9M) | ($58.0K) | ($28.4M) | ($17.1M) |
| Cash paid for tax withholding on vested equity awards | ($5.1M) | — | — | — |
| Premium on extinguishment of debt | ($4.8M) | $0 | ($4.5M) | — |
| Dividend equivalents paid | ($2.1M) | ($2.1M) | ($1.3M) | ($1.2M) |
| Stock offering costs | ($155.0K) | $0 | ($5.4M) | ($339.0K) |
| Proceeds from exercise of warrants | $1.0K | $1.0K | $4.0M | $7.8M |
| Repurchased shares under buyback program | 0 | -35.2M | — | — |
| Repayments of 10.000% Senior Notes and 10.625% Senior Notes | $0 | $0 | ($475.0M) | — |
| Proceeds from issuance of common stock | $0 | $0 | $155.8M | $85.0M |
| Proceeds from exercises of stock options | $0 | $0 | $148.0K | $120.0K |
| Net cash provided (used in) by financing activities | $79.2M | ($177.4M) | $533.6M | $674.0M |
| us-gaap_NetCashProvidedByUsedInFinancingActivities | $79.2M | — | — | — |
| Net increase (decrease) in cash and cash equivalents | $75.4M | ($107.9M) | $164.0M | ($4.4M) |
| Cash and cash equivalents, beginning of period | $86.6M | $194.5M | $30.5M | $34.9M |
| Cash and cash equivalents, end of period | $162.1M | $86.6M | $194.5M | $30.5M |
| Cash paid for interest | $135.5M | $152.0M | $133.1M | $24.3M |
| Cash paid for income taxes | $498.0K | $0 | $0 | $0 |
| Additions to asset retirement obligations | $3.8M | $1.1M | $6.0M | $2.9M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net (loss) income | ($45.2M) | ($127.4M) | $44.2M | $62.5M |
| Provision for deferred income taxes | ($11.2M) | ($27.7M) | $14.1M | $17.6M |
| Loss on derivative instruments, net | $103.6M | $157.0M | ($25.4M) | ($18.5M) |
| Cash paid on settlement of derivative instruments | ($72.2M) | ($17.5M) | $8.0M | $4.3M |
| Amortization of debt issuance costs | $2.2M | $884.0K | $5.2M | $4.1M |
| Amortization of discounts on long-term debt | $0 | $0 | $5.7M | $4.9M |
| Stock-based compensation expense | $1.7M | $865.0K | $442.0K | $265.0K |
| Accretion expense | $597.0K | $295.0K | $785.0K | $500.0K |
| Depletion, depreciation and amortization | $226.4M | $113.0M | $311.2M | $210.6M |
| Exploration and abandonment expense | $4.7M | $457.0K | $2.9M | $859.0K |
| Accounts receivable | ($27.5M) | ($43.0M) | $30.7M | $13.8M |
| Prepaid expenses, inventory and other assets | $5.4M | $2.6M | $3.3M | $5.0M |
| Accounts payable, accrued liabilities and other current liabilities | ($8.0M) | ($5.4M) | ($8.0M) | ($7.6M) |
| Net cash provided by operating activities | $180.5M | $54.2M | $418.5M | $298.3M |
| Additions to crude oil and natural gas properties | ($186.4M) | ($78.8M) | ($394.4M) | ($306.2M) |
| Changes in working capital associated with oil and gas property additions | ($818.0K) | ($35.3M) | ($28.5M) | ($12.9M) |
| Acquisitions of crude oil and natural gas properties | ($2.6M) | ($127.0K) | ($4.5M) | ($3.6M) |
| Proceeds from sales of properties | $18.0K | $0 | $570.0K | $570.0K |
| Other property additions | ($413.0K) | ($122.0K) | ($31.0K) | $0 |
| Net cash used in investing activities | ($190.1M) | ($114.4M) | ($426.8M) | ($322.1M) |
| Debt issuance costs | ($6.1M) | ($6.1M) | ($7.7M) | $0 |
| Borrowings under Senior Credit Facility Agreement | $0 | — | $30.0M | $30.0M |
| Repayments under Term Loan Credit Agreement | $0 | $0 | ($60.0M) | ($60.0M) |
| Dividends paid | $0 | $0 | ($15.5M) | ($9.9M) |
| Dividend equivalents paid | $0 | $0 | ($1.6M) | ($1.1M) |
| Proceeds received from exercise of warrants | $0 | — | $1.0K | $1.0K |
| Net cash used in financing activities | ($6.1M) | ($6.1M) | $86.6M | ($41.0M) |
| Net decrease in cash and cash equivalents | ($15.7M) | ($66.2M) | $78.3M | ($64.8M) |
| Cash and cash equivalents, beginning of period | $162.1M | $162.1M | $86.6M | $86.6M |
| Cash and cash equivalents, end of period | $146.3M | $95.8M | $164.9M | $21.9M |
| Cash paid for interest | $68.8M | $34.2M | $99.6M | $64.4M |
| Cash paid for (received from) income taxes | ($242.0K) | ($230.0K) | $465.0K | $0 |
| Additions to asset retirement obligations | $549.0K | $97.0K | $2.7M | $1.2M |
HighPeak Energy Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.