HPK (HighPeak Energy, Inc.) Stock Financials & Earnings | Market Cap Arena

HPK (HighPeak Energy, Inc.) Stock Financials & Earnings | Market Cap Arena

HPKHighPeak Energy, Inc.

Mkt Cap$678M

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NASDAQ

Revenue (TTM)$882M

Net Income (TTM)$53M

EPS (TTM)$0.39

Free Cash Flow (TTM)$42M

Gross Margin31.5%

Op. Margin27.2%

Net Margin6.0%

FCF Margin4.7%

P/S Ratio (TTM)0.8x

P/E Ratio (TTM)12.8x

YoY Rev Growth-22.4%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$258M	$138M	$127M
Q1 23	$224M	$97M	$89M
Q2 23	$241M	$100M	$85M
Q3 23	$346M	$170M	$146M
Q4 23	$301M	$117M	$107M
Q1 24	$288M	$112M	$103M
Q2 24	$275M	$98M	$87M
Q3 24	$272M	$84M	$73M
Q4 24	$235M	$82M	$74M
Q1 25	$257M	$97M	$90M
Q2 25	$200M	$53M	$43M
Q3 25	$189M	$45M	$33M

Valuation

Quarter	P/S	P/E
Q4 22	0.9x	2.9x
Q1 23	0.8x	2.2x
Q2 23	0.7x	2.6x
Q3 23	0.6x	3.6x
Q4 23	0.6x	3.1x
Q1 24	0.6x	3.9x
Q2 24	0.6x	4.0x
Q3 24	0.6x	3.7x
Q4 24	0.6x	7.1x
Q1 25	0.7x	5.4x
Q2 25	0.7x	5.6x
Q3 25	0.8x	12.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$201M	-$124M
Q1 23	$190M	-$195M
Q2 23	$174M	-$129M
Q3 23	$158M	-$92M
Q4 23	$235M	$46M
Q1 24	$171M	$22M
Q2 24	$202M	$28M
Q3 24	$177M	$21M
Q4 24	$140M	-$6M
Q1 25	$157M	$2M
Q2 25	$141M	$14M
Q3 25	$120M	$31M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$326M
Q1 23	$385M
Q2 23	$302M
Q3 23	$250M
Q4 23	$189M
Q1 24	$150M
Q2 24	$175M
Q3 24	$157M
Q4 24	$145M
Q1 25	$155M
Q2 25	$127M
Q3 25	$89M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+161.4%	+186.6%
Q1 23	+142.7%	+259.1%
Q2 23	+19.5%	+98.2%
Q3 23	+69.3%	+132.5%
Q4 23	+16.8%	+48.3%
Q1 24	+28.6%	+36.6%
Q2 24	+14.3%	+20.7%
Q3 24	-21.4%	-0.7%
Q4 24	-22.0%	-17.1%
Q1 25	-10.5%	-9.6%
Q2 25	-27.2%	-16.5%
Q3 25	-30.5%	-21.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$4M	1.6%
Q1 23	$4M	1.8%
Q2 23	$0	0.0%
Q3 23	$14M	4.1%
Q4 23	$4M	1.3%
Q1 24	$4M	1.3%
Q2 24	$4M	1.4%
Q3 24	$4M	1.4%
Q4 24	$1M	0.6%
Q1 25	$177K	0.1%
Q2 25	$88K	0.0%
Q3 25	$177K	0.1%

OpEx Breakdown

Quarter	G&A
Q4 22	$11M
Q1 23	$7M
Q2 23	$7M
Q3 23	$21M
Q4 23	$9M
Q1 24	$8M
Q2 24	$9M
Q3 24	$9M
Q4 24	$7M
Q1 25	$7M
Q2 25	$6M
Q3 25	$10M

Revenue Segments

Quarter	Crude Oil Sales	Natural Gas and NGL Sales
Q2 23	$236M	$4M
Q2 24	$275M	$676K
Q3 24	$271M	$942K
Q1 25	$246M	$11M
Q2 25	$197M	$4M
Q3 25	$191M	-$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$31M	$0	$31M
Q1 23	$48M	$0	$48M
Q2 23	$30M	$0	$30M
Q3 23	$152M	$0	$152M
Q4 23	$195M	$0	$195M
Q1 24	$173M	$0	$173M
Q2 24	$158M	$0	$158M
Q3 24	$136M	$0	$136M
Q4 24	$87M	$0	$87M
Q1 25	$52M	$0	$52M
Q2 25	$22M	$0	$22M
Q3 25	$165M	$0	$165M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	117M	+1.9%
Q1 23	118M	+0.4%
Q2 23	116M	-1.5%
Q3 23	127M	+9.5%
Q4 23	131M	+2.8%
Q1 24	130M	-0.7%
Q2 24	129M	-0.3%
Q3 24	129M	-0.1%
Q4 24	129M	+0.1%
Q1 25	127M	-1.5%
Q2 25	126M	-0.9%
Q3 25	125M	-1.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	$985K	25
FY 21	$7M	30
FY 22	$16M	47
FY 23	$23M	48
FY 24	$23M	47