HighPeak Energy (HPK) Financials

$9.47 +0.49 (+5.45%)

As of 03:14 PM Eastern

Annual Income Statements for HighPeak Energy

This table shows HighPeak Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-12	56	237	216	95
Consolidated Net Income / (Loss)	-12	56	237	216	95
Net Income / (Loss) Continuing Operations	-12	56	237	216	95
Total Pre-Tax Income	-12	72	312	282	131
Total Operating Income	-12	102	423	426	337
Total Gross Profit	4.74	195	686	966	937
Total Revenue	8.12	220	756	1,111	1,069
Operating Revenue	8.12	220	756	1,111	1,069
Total Cost of Revenue	3.37	25	70	145	132
Operating Cost of Revenue	3.37	25	70	145	132
Total Operating Expenses	16	93	264	531	596
Selling, General & Admin Expense	8.68	8.89	12	17	20
Marketing Expense	0.45	11	38	58	60
Exploration Expense	2.85	1.55	1.15	5.23	1.48
Depreciation Expense	4.27	65	178	424	501
Other Operating Expenses / (Income)	0.07	6.84	34	26	14
Total Other Income / (Expense), net	0.00	-29	-110	-153	-210
Interest Expense	0.00	2.48	51	175	169
Interest & Investment Income	0.00	0.00	0.27	2.91	8.69
Other Income / (Expense), net	0.00	-27	-60	19	-50
Income Tax Expense	0.00	17	75	66	36
Basic Earnings per Share	$0.00	$0.55	$2.04	$1.64	$0.69
Weighted Average Basic Shares Outstanding	0.00	93.13M	104.74M	117.96M	125.28M
Diluted Earnings per Share	$0.00	$0.54	$1.93	$1.58	$0.67
Weighted Average Diluted Shares Outstanding	0.00	94.77M	111.16M	123.02M	129.21M
Weighted Average Basic & Diluted Shares Outstanding	-	96.82M	113.17M	128.42M	126.07M
Cash Dividends to Common per Share	-	$0.13	$0.10	$0.10	$0.16

This table shows HighPeak Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	108	68	50	32	38	96	6.44	30	50	8.98
Consolidated Net Income / (Loss)	108	68	50	32	39	95	6.44	30	50	8.98
Net Income / (Loss) Continuing Operations	108	68	50	32	38	96	6.44	30	50	8.98
Total Pre-Tax Income	140	88	65	41	53	123	8.74	44	65	13
Total Operating Income	118	127	89	85	146	107	103	87	73	74
Total Gross Profit	184	234	191	206	306	263	257	242	236	201
Total Revenue	204	258	224	241	346	301	288	275	272	235
Operating Revenue	204	258	224	241	346	301	288	275	272	235
Total Cost of Revenue	20	24	33	35	40	38	30	33	35	34
Operating Cost of Revenue	20	24	33	35	40	38	30	33	35	34
Total Operating Expenses	66	107	102	113	159	156	154	153	161	127
Selling, General & Admin Expense	1.88	6.64	2.50	2.52	6.93	4.65	4.69	4.74	4.97	6.00
Marketing Expense	11	13	12	13	19	14	14	17	15	13
Exploration Expense	0.29	0.47	2.16	0.48	1.73	0.86	0.50	0.17	0.36	0.45
Depreciation Expense	43	83	81	93	117	133	131	128	137	106
Other Operating Expenses / (Income)	11	4.27	4.17	4.10	14	4.02	4.04	4.02	3.99	1.62
Total Other Income / (Expense), net	21	-39	-24	-51	-94	16	-94	-45	-9.48	-61
Interest Expense	15	21	27	39	64	45	44	43	43	40
Interest & Investment Income	0.00	0.01	0.03	0.16	0.73	1.99	2.39	2.40	2.17	1.72
Other Income / (Expense), net	36	-18	3.12	-12	-30	58	-53	-4.70	31	-23
Income Tax Expense	32	20	15	9.64	14	28	2.30	14	15	3.87
Basic Earnings per Share	$0.90	$0.62	$0.41	$0.26	$0.28	$0.69	$0.05	$0.21	$0.36	$0.07
Weighted Average Basic Shares Outstanding	108.68M	104.74M	111.06M	111.23M	123.16M	117.96M	125.70M	125.34M	124.99M	125.28M
Diluted Earnings per Share	$0.85	$0.61	$0.39	$0.25	$0.28	$0.66	$0.05	$0.21	$0.35	$0.06
Weighted Average Diluted Shares Outstanding	115.12M	111.16M	117.77M	115.98M	127.01M	123.02M	129.64M	129.25M	129.09M	129.21M
Weighted Average Basic & Diluted Shares Outstanding	113.16M	113.17M	113.18M	128.22M	128.42M	128.42M	127.86M	127.38M	126.63M	126.07M
Cash Dividends to Common per Share	$0.03	$0.03	$0.03	$0.03	$0.03	$0.03	$0.04	$0.04	$0.04	$0.04

This table details how cash moves in and out of HighPeak Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2021	2022	2023	2024
Net Change in Cash & Equivalents	22	15	-4.37	164	-108
Net Cash From Operating Activities	-0.77	147	504	756	690
Net Cash From Continuing Operating Activities	-0.77	147	504	756	690
Net Income / (Loss) Continuing Operations	-12	56	237	216	95
Consolidated Net Income / (Loss)	-12	56	237	216	95
Depreciation Expense	4.27	65	178	424	501
Amortization Expense	0.00	0.50	13	27	18
Non-Cash Adjustments To Reconcile Net Income	2.92	23	36	6.23	47
Changes in Operating Assets and Liabilities, net	3.62	2.71	40	83	30
Net Cash From Investing Activities	-51	-250	-1,182	-1,126	-621
Net Cash From Continuing Investing Activities	-51	-250	-1,182	-1,126	-621
Purchase of Property, Plant & Equipment	-72	-291	-1,311	-1,025	-620
Divestitures	-	3.37	0.00	0.00	0.34
Other Investing Activities, net	20	37	129	-101	-1.29
Net Cash From Financing Activities	74	119	674	534	-177
Net Cash From Continuing Financing Activities	74	119	674	534	-177
Repayment of Debt	0.00	-22	-772	-1,033	-120
Repurchase of Common Equity	0.00	-2.46	-0.34	-5.37	-35
Payment of Dividends	0.00	-13	-12	-13	-22
Issuance of Debt	-	120	1,365	1,425	0.00
Issuance of Common Equity	0.00	25	85	156	0.00
Other Financing Activities, net	74	11	7.93	4.18	0.00
Cash Interest Paid	-	1.81	24	133	152
Cash Income Taxes Paid	-	0.00	0.00	0.00	0.00

This table details how cash moves in and out of HighPeak Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	12	-3.84	17	-17	122	43	-21	-15	-22	-49
Net Cash From Operating Activities	155	201	190	174	158	235	171	202	177	140
Net Cash From Continuing Operating Activities	155	201	190	174	158	235	171	202	177	140
Net Income / (Loss) Continuing Operations	108	68	50	32	39	95	6.44	30	50	8.98
Consolidated Net Income / (Loss)	108	68	50	32	39	95	6.44	30	50	8.98
Depreciation Expense	43	83	81	93	117	133	131	128	137	106
Amortization Expense	3.35	5.50	6.96	7.37	7.68	4.54	4.51	4.52	4.56	4.56
Non-Cash Adjustments To Reconcile Net Income	-27	28	0.81	3.64	59	-57	52	1.37	-30	23
Changes in Operating Assets and Liabilities, net	28	17	51	38	-65	59	-23	39	16	-2.21
Net Cash From Investing Activities	-294	-339	-320	-293	-325	-189	-148	-176	-151	-145
Net Cash From Continuing Investing Activities	-294	-339	-320	-293	-325	-189	-148	-176	-151	-145
Purchase of Property, Plant & Equipment	-331	-326	-385	-302	-164	-175	-150	-170	-143	-157
Divestitures	-	-	-	-	-	-	-	-	0.07	0.22
Other Investing Activities, net	37	-13	65	9.67	-161	-14	1.71	-6.93	-7.99	12
Net Cash From Financing Activities	152	134	147	102	288	-3.25	-44	-41	-48	-43
Net Cash From Continuing Financing Activities	152	134	147	102	288	-3.25	-44	-41	-48	-43
Repayment of Debt	-0.12	-568	-0.54	-0.86	-1,029	-2.04	-30	-30	-30	-30
Repurchase of Common Equity	-	-0.05	0.00	-0.75	-4.62	-	-8.76	-5.79	-13	-7.92
Payment of Dividends	-3.16	-3.06	-3.06	-3.07	-3.49	-3.51	-5.58	-5.57	-5.53	-5.51
Cash Interest Paid	17	5.95	18	33	43	40	40	38	39	35

This table presents HighPeak Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Total Assets	498	538	819	2,279	3,081	3,063
Total Current Assets	92	33	87	145	329	195
Cash & Equivalents	23	20	35	31	195	87
Accounts Receivable	3.36	7.72	39	97	95	85
Inventories, net	0.18	0.12	3.30	13	7.25	11
Prepaid Expenses	0.03	2.25	7.15	4.13	1.00	4.59
Other Current Assets	62	3.65	2.25	0.02	31	7.58
Plant, Property, & Equipment, net	406	504	727	2,129	2,730	2,849
Plant, Property & Equipment, gross	406	520	808	2,385	3,411	4,030
Accumulated Depreciation	1.57	17	82	260	684	1,185
Total Noncurrent Assets	0.00	0.91	4.79	6.43	22	19
Other Noncurrent Operating Assets	0.00	0.91	4.79	6.43	22	19
Total Liabilities & Shareholders' Equity	498	538	819	2,279	3,081	3,063
Total Liabilities	33	64	266	1,110	1,528	1,461
Total Current Liabilities	31	22	103	266	287	285
Short-Term Debt	-	-	-	0.00	120	120
Accounts Payable	11	7.58	38	106	64	74
Accrued Expenses	20	12	40	123	89	84
Other Current Liabilities	0.18	2.48	25	24	14	6.42
Other Current Nonoperating Liabilities	-	-	0.18	13	1.40	0.00
Total Noncurrent Liabilities	2.21	41	163	844	1,241	1,176
Long-Term Debt	-	0.00	98	704	1,030	928
Asset Retirement Reserve & Litigation Obligation	2.21	2.29	4.26	7.50	13	15
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	39	56	131	197	232
Other Noncurrent Operating Liabilities	0.00	0.08	4.91	0.69	0.07	0.67
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	453	474	553	1,170	1,553	1,602
Total Preferred & Common Equity	453	474	553	1,170	1,553	1,602
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	453	474	553	1,170	1,553	1,602
Common Stock	459	581	617	1,009	1,189	1,167
Retained Earnings	-5.75	-107	-64	161	363	436

This table presents HighPeak Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,042	2,583	2,790	2,989	3,055	3,056	3,061
Total Current Assets	149	145	144	298	299	259	249
Cash & Equivalents	34	48	30	152	173	158	136
Accounts Receivable	83	81	101	126	109	88	76
Inventories, net	8.18	16	9.20	15	11	7.82	7.97
Prepaid Expenses	5.69	1.00	3.15	3.25	2.77	3.07	3.92
Other Current Assets	17	0.00	0.44	1.73	2.64	2.28	25
Plant, Property, & Equipment, net	1,887	2,430	2,639	2,684	2,749	2,791	2,798
Plant, Property & Equipment, gross	2,060	2,768	3,070	3,232	3,561	3,730	3,873
Accumulated Depreciation	177	341	434	551	815	943	1,079
Total Noncurrent Assets	6.66	7.07	6.77	7.23	6.50	6.80	15
Other Noncurrent Operating Assets	6.66	7.07	6.77	7.23	6.50	6.80	15
Total Liabilities & Shareholders' Equity	2,042	2,583	2,790	2,989	3,055	3,056	3,061
Total Liabilities	942	1,362	1,535	1,534	1,506	1,486	1,456
Total Current Liabilities	260	561	1,138	295	288	279	260
Short-Term Debt	-	215	741	90	120	120	120
Accounts Payable	124	133	216	50	47	40	53
Accrued Expenses	114	176	155	125	98	99	84
Other Current Liabilities	22	22	12	28	22	18	2.65
Other Current Nonoperating Liabilities	-	15	14	0.87	0.85	0.83	0.00
Total Noncurrent Liabilities	681	800	396	1,239	1,218	1,207	1,196
Long-Term Debt	562	645	232	1,058	1,005	979	954
Asset Retirement Reserve & Litigation Obligation	8.25	7.76	7.89	8.02	14	14	14
Noncurrent Deferred & Payable Income Tax Liabilities	111	146	155	169	199	213	228
Other Noncurrent Operating Liabilities	0.00	1.20	1.36	3.88	1.05	0.94	0.13
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,101	1,221	1,255	1,455	1,548	1,570	1,606
Total Preferred & Common Equity	1,101	1,221	1,255	1,455	1,548	1,570	1,606
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,101	1,221	1,255	1,455	1,548	1,570	1,606
Common Stock	1,005	1,013	1,019	1,183	1,184	1,182	1,173
Retained Earnings	96	208	237	272	364	388	432

This table displays calculated financial ratios and metrics derived from HighPeak Energy's official financial filings.

Metric	2019	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	0.00%	243.30%	47.06%	-3.77%
EBITDA Growth	0.00%	0.00%	294.13%	61.97%	-10.12%
EBIT Growth	0.00%	0.00%	384.84%	22.96%	-35.59%
NOPAT Growth	0.00%	0.00%	311.19%	1.92%	-25.01%
Net Income Growth	0.00%	0.00%	326.31%	-8.86%	-55.96%
EPS Growth	0.00%	0.00%	257.41%	-18.13%	-57.59%
Operating Cash Flow Growth	0.00%	0.00%	242.83%	50.07%	-8.73%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	64.50%	158.41%
Invested Capital Growth	0.00%	0.00%	201.26%	35.18%	2.16%
Revenue Q/Q Growth	0.00%	0.00%	26.70%	4.05%	-5.84%
EBITDA Q/Q Growth	0.00%	0.00%	29.45%	13.18%	-14.98%
EBIT Q/Q Growth	0.00%	0.00%	19.41%	14.28%	-28.57%
NOPAT Q/Q Growth	0.00%	0.00%	22.18%	-4.25%	-12.10%
Net Income Q/Q Growth	0.00%	0.00%	14.99%	14.36%	-47.50%
EPS Q/Q Growth	0.00%	0.00%	15.57%	3.27%	-47.24%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	39.20%	4.63%	-12.11%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	32.33%	2.13%
Invested Capital Q/Q Growth	0.00%	0.00%	14.03%	2.36%	0.80%
Profitability Metrics	-	-	-	-	-
Gross Margin	58.45%	88.62%	90.79%	86.92%	87.63%
EBITDA Margin	-90.08%	63.82%	73.27%	80.70%	75.37%
Operating Margin	-142.69%	46.19%	55.92%	38.38%	31.55%
EBIT Margin	-142.69%	33.97%	47.98%	40.12%	26.85%
Profit (Net Income) Margin	-142.69%	25.24%	31.34%	19.42%	8.89%
Tax Burden Percent	100.00%	76.67%	75.86%	76.61%	72.62%
Interest Burden Percent	100.00%	96.90%	86.11%	63.21%	45.59%
Effective Tax Rate	0.00%	23.33%	24.14%	23.39%	27.38%
Return on Invested Capital (ROIC)	-1.83%	12.65%	25.93%	14.96%	9.66%
ROIC Less NNEP Spread (ROIC-NNEP)	29.13%	-22.77%	3.61%	1.48%	-5.97%
Return on Net Nonoperating Assets (RNNOA)	-0.72%	-2.60%	1.57%	0.89%	-3.63%
Return on Equity (ROE)	-2.55%	10.05%	27.50%	15.86%	6.03%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-74.39%	-14.96%	7.52%
Operating Return on Assets (OROA)	-2.33%	11.02%	23.40%	16.63%	9.35%
Return on Assets (ROA)	-2.33%	8.19%	15.29%	8.05%	3.09%
Return on Common Equity (ROCE)	-2.55%	10.05%	27.50%	15.86%	6.03%
Return on Equity Simple (ROE_SIMPLE)	-2.55%	10.05%	20.25%	13.90%	5.93%
Net Operating Profit after Tax (NOPAT)	-8.11	78	321	327	245
NOPAT Margin	-99.88%	35.42%	42.42%	29.40%	22.91%
Net Nonoperating Expense Percent (NNEP)	-30.96%	35.42%	22.32%	13.48%	15.63%
Return On Investment Capital (ROIC_SIMPLE)	-	-	17.11%	12.09%	9.24%
Cost of Revenue to Revenue	41.55%	11.38%	9.21%	13.08%	12.37%
SG&A Expenses to Revenue	106.99%	4.04%	1.65%	1.49%	1.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	201.13%	42.35%	34.87%	47.80%	55.73%
Earnings before Interest and Taxes (EBIT)	-12	75	363	446	287
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.31	140	554	897	806
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.49	2.17	1.16	1.16
Price to Tangible Book Value (P/TBV)	0.00	2.49	2.17	1.16	1.16
Price to Revenue (P/Rev)	0.00	6.24	3.36	1.62	1.74
Price to Earnings (P/E)	0.00	24.74	10.73	8.36	19.52
Dividend Yield	0.00%	0.69%	0.45%	0.71%	1.09%
Earnings Yield	0.00%	4.04%	9.32%	11.96%	5.12%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.33	1.73	1.10	1.10
Enterprise Value to Revenue (EV/Rev)	0.00	6.53	4.25	2.48	2.63
Enterprise Value to EBITDA (EV/EBITDA)	0.00	10.23	5.81	3.08	3.50
Enterprise Value to EBIT (EV/EBIT)	0.00	19.22	8.87	6.19	9.81
Enterprise Value to NOPAT (EV/NOPAT)	0.00	18.44	10.03	8.45	11.50
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	9.78	6.38	3.65	4.08
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	14.77
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.18	0.60	0.74	0.65
Long-Term Debt to Equity	0.00	0.18	0.60	0.66	0.58
Financial Leverage	-0.02	0.11	0.44	0.60	0.61
Leverage Ratio	1.10	1.32	1.80	1.97	1.95
Compound Leverage Factor	1.10	1.28	1.55	1.24	0.89
Debt to Total Capital	0.00%	15.04%	37.59%	42.56%	39.55%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	4.44%	4.53%
Long-Term Debt to Total Capital	0.00%	15.04%	37.59%	38.12%	35.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	84.96%	62.41%	57.44%	60.45%
Debt to EBITDA	0.00	0.70	1.27	1.28	1.30
Net Debt to EBITDA	0.00	0.45	1.22	1.07	1.19
Long-Term Debt to EBITDA	0.00	0.70	1.27	1.15	1.15
Debt to NOPAT	0.00	1.26	2.20	3.52	4.28
Net Debt to NOPAT	0.00	0.81	2.10	2.93	3.93
Long-Term Debt to NOPAT	0.00	1.26	2.20	3.15	3.79
Altman Z-Score	0.00	3.54	2.26	1.73	1.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	2.97	0.84	0.54	1.14	0.69
Quick Ratio	0.98	0.72	0.48	1.01	0.60
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-920	-327	191
Operating Cash Flow to CapEx	-1.07%	50.52%	38.43%	73.78%	111.37%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-18.17	-1.86	1.13
Operating Cash Flow to Interest Expense	0.00	59.18	9.96	4.32	4.09
Operating Cash Flow Less CapEx to Interest Expense	0.00	-57.96	-15.95	-1.53	0.42
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.02	0.32	0.49	0.41	0.35
Accounts Receivable Turnover	2.41	9.35	11.12	11.63	11.89
Inventory Turnover	18.33	14.63	8.40	14.16	14.53
Fixed Asset Turnover	0.02	0.36	0.53	0.46	0.38
Accounts Payable Turnover	0.30	1.10	0.97	1.72	1.92
Days Sales Outstanding (DSO)	151.26	39.05	32.84	31.40	30.69
Days Inventory Outstanding (DIO)	19.92	24.95	43.47	25.77	25.12
Days Payable Outstanding (DPO)	1,203.46	333.09	376.83	212.36	189.88
Cash Conversion Cycle (CCC)	-1,032.28	-269.09	-300.52	-155.19	-134.07
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	442	616	1,857	2,510	2,564
Invested Capital Turnover	0.02	0.36	0.61	0.51	0.42
Increase / (Decrease) in Invested Capital	0.00	0.00	1,240	653	54
Enterprise Value (EV)	0.00	1,438	3,214	2,760	2,817
Market Capitalization	0.00	1,374	2,540	1,805	1,856
Book Value per Share	$0.00	$5.81	$10.34	$12.09	$12.66
Tangible Book Value per Share	$0.00	$5.81	$10.34	$12.09	$12.66
Total Capital	453	651	1,874	2,703	2,651
Total Debt	0.00	98	704	1,150	1,048
Total Long-Term Debt	0.00	98	704	1,030	928
Net Debt	-23	63	674	956	962
Capital Expenditures (CapEx)	72	291	1,311	1,025	620
Debt-free, Cash-free Net Working Capital (DFCFNWC)	38	-51	-152	-33	-56
Debt-free Net Working Capital (DFNWC)	61	-16	-122	161	30
Net Working Capital (NWC)	61	-16	-122	41	-90
Net Nonoperating Expense (NNE)	3.47	22	84	111	150
Net Nonoperating Obligations (NNO)	-11	63	687	957	962
Total Depreciation and Amortization (D&A)	4.27	66	191	451	519
Debt-free, Cash-free Net Working Capital to Revenue	472.40%	-23.13%	-20.13%	-2.98%	-5.26%
Debt-free Net Working Capital to Revenue	752.26%	-7.29%	-16.09%	14.53%	2.84%
Net Working Capital to Revenue	752.26%	-7.29%	-16.09%	3.73%	-8.38%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.55	$2.04	$1.64	$0.69
Adjusted Weighted Average Basic Shares Outstanding	0.00	93.13M	104.74M	117.96M	125.28M
Adjusted Diluted Earnings per Share	$0.00	$0.54	$1.93	$1.58	$0.67
Adjusted Weighted Average Diluted Shares Outstanding	0.00	94.77M	111.16M	123.02M	129.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	96.82M	113.17M	128.42M	126.07M
Normalized Net Operating Profit after Tax (NOPAT)	-8.11	78	321	327	245
Normalized NOPAT Margin	-99.88%	35.42%	42.42%	29.40%	22.91%
Pre Tax Income Margin	-142.69%	32.92%	41.32%	25.36%	12.24%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	30.10	7.16	2.54	1.70
NOPAT to Interest Expense	0.00	31.39	6.33	1.86	1.45
EBIT Less CapEx to Interest Expense	0.00	-87.04	-18.75	-3.31	-1.97
NOPAT Less CapEx to Interest Expense	0.00	-85.76	-19.58	-3.99	-2.22
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	22.73%	4.90%	6.08%	23.34%
Augmented Payout Ratio	0.00%	27.17%	5.04%	8.56%	60.33%

This table displays calculated financial ratios and metrics derived from HighPeak Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	329.97%	161.40%	142.65%	19.53%	69.31%	16.76%	28.58%	14.33%	-21.42%	-22.03%
EBITDA Growth	692.77%	174.65%	2,566.79%	16.60%	20.47%	52.71%	3.08%	23.81%	1.86%	-46.96%
EBIT Growth	1,283.50%	116.92%	875.85%	-34.10%	-24.77%	50.95%	-45.50%	12.96%	-9.97%	-69.56%
NOPAT Growth	427.83%	147.03%	79.95%	-30.43%	17.10%	-15.60%	10.45%	-9.54%	-47.65%	-37.73%
Net Income Growth	1,240.92%	83.39%	404.40%	-58.97%	-64.06%	39.92%	-87.19%	-6.63%	28.76%	-90.55%
EPS Growth	962.50%	74.29%	329.41%	-60.94%	-67.06%	8.20%	-87.18%	-16.00%	25.00%	-90.91%
Operating Cash Flow Growth	282.18%	239.43%	280.42%	76.78%	2.23%	16.62%	-9.77%	16.50%	12.04%	-40.54%
Free Cash Flow Firm Growth	0.00%	0.00%	-217.35%	-0.07%	25.57%	50.06%	66.30%	69.07%	94.99%	99.51%
Invested Capital Growth	183.79%	201.26%	136.48%	61.89%	50.60%	35.18%	22.03%	13.58%	3.75%	2.16%
Revenue Q/Q Growth	1.33%	26.36%	-13.23%	7.58%	43.54%	-12.86%	-4.45%	-4.34%	-1.34%	-13.54%
EBITDA Q/Q Growth	34.48%	-1.01%	-9.23%	-3.52%	38.95%	25.49%	-38.73%	15.88%	14.31%	-34.65%
EBIT Q/Q Growth	38.94%	-29.04%	-16.14%	-20.30%	58.62%	42.39%	-69.73%	65.20%	26.43%	-51.86%
NOPAT Q/Q Growth	-2.35%	7.09%	-29.86%	-5.16%	64.36%	-22.81%	-8.21%	-22.32%	-4.88%	-8.18%
Net Income Q/Q Growth	39.12%	-37.07%	-25.98%	-36.67%	21.85%	144.99%	-93.22%	361.59%	68.03%	-82.01%
EPS Q/Q Growth	32.81%	-28.24%	-36.07%	-35.90%	12.00%	135.71%	-92.42%	320.00%	66.67%	-82.86%
Operating Cash Flow Q/Q Growth	57.39%	30.13%	-5.57%	-8.60%	-8.98%	48.45%	-26.94%	18.02%	-12.47%	-21.22%
Free Cash Flow Firm Q/Q Growth	-23.46%	-18.63%	2.48%	29.94%	8.18%	20.39%	34.19%	35.70%	85.14%	92.26%
Invested Capital Q/Q Growth	19.15%	14.03%	10.38%	7.95%	10.84%	2.36%	-0.37%	0.48%	1.25%	0.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	90.35%	90.75%	85.28%	85.49%	88.48%	87.49%	89.48%	88.09%	86.96%	85.62%
EBITDA Margin	98.02%	76.80%	80.34%	72.05%	69.75%	100.44%	64.40%	78.02%	90.40%	68.33%
Operating Margin	57.96%	49.19%	39.58%	35.29%	42.28%	35.46%	35.80%	31.70%	27.04%	31.38%
EBIT Margin	75.50%	42.40%	40.98%	30.36%	33.55%	54.81%	17.37%	29.99%	38.43%	21.40%
Profit (Net Income) Margin	52.86%	26.33%	22.46%	13.22%	11.22%	31.55%	2.24%	10.80%	18.39%	3.82%
Tax Burden Percent	77.35%	77.24%	77.60%	76.74%	73.34%	77.45%	73.70%	67.59%	76.38%	69.91%
Interest Burden Percent	90.52%	80.38%	70.62%	56.74%	45.61%	74.30%	17.48%	53.26%	62.63%	25.57%
Effective Tax Rate	22.65%	22.76%	22.40%	23.26%	26.66%	22.55%	26.30%	32.41%	23.62%	30.09%
Return on Invested Capital (ROIC)	24.29%	23.22%	18.69%	14.02%	16.23%	13.98%	13.63%	10.97%	9.39%	9.25%
ROIC Less NNEP Spread (ROIC-NNEP)	29.65%	15.20%	15.00%	9.33%	7.26%	15.48%	5.83%	7.89%	8.75%	4.81%
Return on Net Nonoperating Assets (RNNOA)	11.39%	6.62%	7.84%	6.16%	4.33%	9.35%	3.75%	5.30%	5.54%	2.93%
Return on Equity (ROE)	35.68%	29.84%	26.53%	20.18%	20.57%	23.33%	17.38%	16.27%	14.93%	12.18%
Cash Return on Invested Capital (CROIC)	0.00%	-74.39%	-56.98%	-29.18%	-23.66%	-14.96%	-5.07%	1.25%	7.48%	7.52%
Operating Return on Assets (OROA)	32.68%	20.68%	19.51%	12.39%	14.24%	22.73%	7.24%	12.41%	14.43%	7.45%
Return on Assets (ROA)	22.88%	12.84%	10.69%	5.40%	4.76%	13.08%	0.93%	4.47%	6.90%	1.33%
Return on Common Equity (ROCE)	35.68%	29.84%	26.53%	20.18%	20.57%	23.33%	17.38%	16.27%	14.93%	12.18%
Return on Equity Simple (ROE_SIMPLE)	18.71%	0.00%	24.87%	20.54%	12.97%	0.00%	11.11%	10.82%	11.28%	0.00%
Net Operating Profit after Tax (NOPAT)	92	98	69	65	107	83	76	59	56	52
NOPAT Margin	44.83%	38.00%	30.72%	27.08%	31.01%	27.47%	26.39%	21.43%	20.66%	21.94%
Net Nonoperating Expense Percent (NNEP)	-5.36%	8.03%	3.69%	4.69%	8.97%	-1.49%	7.81%	3.08%	0.64%	4.43%
Return On Investment Capital (ROIC_SIMPLE)	-	5.23%	-	-	-	3.06%	-	-	-	1.94%
Cost of Revenue to Revenue	9.65%	9.25%	14.72%	14.51%	11.52%	12.51%	10.52%	11.92%	13.04%	14.38%
SG&A Expenses to Revenue	0.92%	2.57%	1.12%	1.05%	2.01%	1.54%	1.63%	1.72%	1.83%	2.56%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.38%	41.56%	45.70%	47.09%	46.04%	51.96%	53.68%	55.66%	59.40%	54.07%
Earnings before Interest and Taxes (EBIT)	154	109	92	73	116	165	50	83	104	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	200	198	180	173	241	302	185	215	246	160
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.12	2.17	2.11	0.97	1.47	1.16	1.30	1.14	1.10	1.16
Price to Tangible Book Value (P/TBV)	2.12	2.17	2.11	0.97	1.47	1.16	1.30	1.14	1.10	1.16
Price to Revenue (P/Rev)	3.92	3.36	2.91	1.32	2.01	1.62	1.72	1.49	1.56	1.74
Price to Earnings (P/E)	11.36	10.73	8.49	4.74	11.40	8.36	11.74	10.58	9.73	19.52
Dividend Yield	0.47%	0.45%	0.44%	0.93%	0.60%	0.71%	0.73%	0.92%	1.04%	1.09%
Earnings Yield	8.81%	9.32%	11.78%	21.11%	8.77%	11.96%	8.52%	9.45%	10.27%	5.12%
Enterprise Value to Invested Capital (EV/IC)	1.76	1.73	1.66	0.98	1.28	1.10	1.19	1.09	1.06	1.10
Enterprise Value to Revenue (EV/Rev)	4.81	4.25	3.82	2.34	2.94	2.48	2.53	2.26	2.38	2.63
Enterprise Value to EBITDA (EV/EBITDA)	6.70	5.81	4.67	2.88	3.96	3.08	3.29	2.90	2.85	3.50
Enterprise Value to EBIT (EV/EBIT)	9.44	8.87	7.28	5.05	8.05	6.19	7.35	6.62	6.73	9.81
Enterprise Value to NOPAT (EV/NOPAT)	10.92	10.03	9.63	6.69	9.21	8.45	8.84	8.30	9.71	11.50
Enterprise Value to Operating Cash Flow (EV/OCF)	7.92	6.38	5.27	3.01	4.34	3.65	4.03	3.57	3.45	4.08
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	92.62	14.49	14.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.51	0.60	0.71	0.78	0.79	0.74	0.73	0.70	0.67	0.65
Long-Term Debt to Equity	0.51	0.60	0.53	0.18	0.73	0.66	0.65	0.62	0.59	0.58
Financial Leverage	0.38	0.44	0.52	0.66	0.60	0.60	0.64	0.67	0.63	0.61
Leverage Ratio	1.73	1.80	1.95	2.11	1.97	1.97	2.04	2.07	1.98	1.95
Compound Leverage Factor	1.57	1.45	1.37	1.19	0.90	1.46	0.36	1.10	1.24	0.50
Debt to Total Capital	33.79%	37.59%	41.35%	43.66%	44.10%	42.56%	42.08%	41.18%	40.08%	39.55%
Short-Term Debt to Total Capital	0.00%	0.00%	10.34%	33.26%	3.46%	4.44%	4.49%	4.49%	4.48%	4.53%
Long-Term Debt to Total Capital	33.79%	37.59%	31.01%	10.40%	40.64%	38.12%	37.59%	36.68%	35.60%	35.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.21%	62.41%	58.65%	56.34%	55.90%	57.44%	57.92%	58.82%	59.92%	60.45%
Debt to EBITDA	1.31	1.27	1.18	1.29	1.45	1.28	1.25	1.17	1.13	1.30
Net Debt to EBITDA	1.23	1.22	1.12	1.25	1.26	1.07	1.05	1.00	0.99	1.19
Long-Term Debt to EBITDA	1.31	1.27	0.89	0.31	1.34	1.15	1.11	1.04	1.01	1.15
Debt to NOPAT	2.14	2.20	2.45	3.01	3.36	3.52	3.35	3.33	3.85	4.28
Net Debt to NOPAT	2.01	2.10	2.31	2.91	2.92	2.93	2.83	2.85	3.37	3.93
Long-Term Debt to NOPAT	2.14	2.20	1.83	0.72	3.10	3.15	2.99	2.97	3.42	3.79
Altman Z-Score	2.03	1.90	1.52	0.59	1.45	1.43	1.41	1.38	1.41	1.33
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.57	0.54	0.26	0.13	1.01	1.14	1.04	0.93	0.96	0.69
Quick Ratio	0.45	0.48	0.23	0.12	0.94	1.01	0.98	0.88	0.82	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-963	-1,142	-1,114	-781	-717	-571	-375	-241	-36	-2.78
Operating Cash Flow to CapEx	46.71%	61.78%	49.41%	57.45%	96.67%	134.26%	114.35%	119.37%	123.59%	88.78%
Free Cash Flow to Firm to Interest Expense	-65.92	-53.21	-41.30	-19.87	-11.14	-12.79	-8.60	-5.62	-0.84	-0.07
Operating Cash Flow to Interest Expense	10.58	9.37	7.04	4.42	2.46	5.26	3.93	4.71	4.16	3.53
Operating Cash Flow Less CapEx to Interest Expense	-12.08	-5.80	-7.21	-3.27	-0.08	1.34	0.49	0.76	0.79	-0.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.49	0.48	0.41	0.42	0.41	0.42	0.41	0.38	0.35
Accounts Receivable Turnover	11.14	11.12	13.96	9.69	10.21	11.63	12.37	12.83	11.22	11.89
Inventory Turnover	9.45	8.40	9.43	14.46	11.29	14.16	10.59	16.52	11.79	14.53
Fixed Asset Turnover	0.47	0.53	0.51	0.44	0.47	0.46	0.45	0.45	0.41	0.38
Accounts Payable Turnover	0.84	0.97	0.97	0.70	1.51	1.72	1.58	1.10	2.65	1.92
Days Sales Outstanding (DSO)	32.77	32.84	26.15	37.66	35.74	31.40	29.50	28.44	32.53	30.69
Days Inventory Outstanding (DIO)	38.63	43.47	38.71	25.23	32.34	25.77	34.45	22.10	30.96	25.12
Days Payable Outstanding (DPO)	435.30	376.83	376.99	520.53	241.90	212.36	230.88	332.78	137.93	189.88
Cash Conversion Cycle (CCC)	-363.91	-300.52	-312.13	-457.64	-173.82	-155.19	-166.93	-282.24	-74.44	-134.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,628	1,857	2,049	2,212	2,452	2,510	2,501	2,513	2,544	2,564
Invested Capital Turnover	0.54	0.61	0.61	0.52	0.52	0.51	0.52	0.51	0.45	0.42
Increase / (Decrease) in Invested Capital	1,054	1,240	1,183	846	824	653	451	300	92	54
Enterprise Value (EV)	2,866	3,214	3,392	2,164	3,141	2,760	2,971	2,739	2,706	2,817
Market Capitalization	2,339	2,540	2,578	1,221	2,145	1,805	2,020	1,798	1,768	1,856
Book Value per Share	$10.08	$10.34	$10.79	$11.09	$11.35	$12.09	$12.06	$12.28	$12.61	$12.66
Tangible Book Value per Share	$10.08	$10.34	$10.79	$11.09	$11.35	$12.09	$12.06	$12.28	$12.61	$12.66
Total Capital	1,663	1,874	2,082	2,228	2,603	2,703	2,673	2,670	2,680	2,651
Total Debt	562	704	861	973	1,148	1,150	1,125	1,099	1,074	1,048
Total Long-Term Debt	562	704	645	232	1,058	1,030	1,005	979	954	928
Net Debt	527	674	813	943	996	956	951	941	938	962
Capital Expenditures (CapEx)	331	326	385	302	164	175	150	170	143	157
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-146	-152	-248	-283	-59	-33	-42	-58	-26	-56
Debt-free Net Working Capital (DFNWC)	-112	-122	-201	-253	93	161	131	100	109	30
Net Working Capital (NWC)	-112	-122	-416	-994	3.25	41	11	-20	-11	-90
Net Nonoperating Expense (NNE)	-16	30	18	33	68	-12	69	29	6.17	43
Net Nonoperating Obligations (NNO)	527	687	828	957	997	957	952	942	938	962
Total Depreciation and Amortization (D&A)	46	89	88	100	125	137	135	132	141	110
Debt-free, Cash-free Net Working Capital to Revenue	-24.48%	-20.13%	-28.00%	-30.57%	-5.48%	-2.98%	-3.60%	-4.81%	-2.33%	-5.26%
Debt-free Net Working Capital to Revenue	-18.72%	-16.09%	-22.64%	-27.30%	8.73%	14.53%	11.15%	8.25%	9.61%	2.84%
Net Working Capital to Revenue	-18.72%	-16.09%	-46.90%	-107.29%	0.30%	3.73%	0.94%	-1.67%	-0.96%	-8.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.90	$0.62	$0.41	$0.26	$0.28	$0.69	$0.05	$0.21	$0.36	$0.07
Adjusted Weighted Average Basic Shares Outstanding	108.68M	104.74M	111.06M	111.23M	123.16M	117.96M	125.70M	125.34M	124.99M	125.28M
Adjusted Diluted Earnings per Share	$0.85	$0.61	$0.39	$0.25	$0.28	$0.66	$0.05	$0.21	$0.35	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	115.12M	111.16M	117.77M	115.98M	127.01M	123.02M	129.64M	129.25M	129.09M	129.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	113.16M	113.17M	113.18M	128.22M	128.42M	128.42M	127.86M	127.38M	126.63M	126.07M
Normalized Net Operating Profit after Tax (NOPAT)	92	98	69	65	107	83	76	59	56	52
Normalized NOPAT Margin	44.83%	38.00%	30.72%	27.08%	31.01%	27.47%	26.39%	21.43%	20.66%	21.94%
Pre Tax Income Margin	68.34%	34.08%	28.94%	17.22%	15.30%	40.73%	3.04%	15.97%	24.07%	5.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.55	5.09	3.40	1.86	1.80	3.70	1.15	1.92	2.45	1.27
NOPAT to Interest Expense	6.26	4.57	2.55	1.66	1.67	1.85	1.74	1.37	1.32	1.30
EBIT Less CapEx to Interest Expense	-12.11	-10.08	-10.86	-5.83	-0.74	-0.22	-2.29	-2.02	-0.91	-2.71
NOPAT Less CapEx to Interest Expense	-16.40	-10.61	-11.71	-6.04	-0.88	-2.06	-1.70	-2.57	-2.05	-2.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.37%	4.90%	3.98%	4.79%	6.71%	6.08%	9.09%	10.68%	11.15%	23.34%
Augmented Payout Ratio	6.71%	5.04%	3.98%	4.79%	9.59%	8.56%	17.30%	21.96%	26.20%	60.33%

Frequently Asked Questions About HighPeak Energy's Financials

When does HighPeak Energy's fiscal year end?

According to the most recent income statement we have on file, HighPeak Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has HighPeak Energy's net income changed over the last 4 years?

HighPeak Energy's net income appears to be on an upward trend, with a most recent value of $95.07 million in 2024, falling from -$11.58 million in 2019. The previous period was $215.87 million in 2023.

What is HighPeak Energy's operating income?

HighPeak Energy's total operating income in 2024 was $337.41 million, based on the following breakdown:

Total Gross Profit: $937.17 million
Total Operating Expenses: $595.96 million

How has HighPeak Energy revenue changed over the last 4 years?

Over the last 4 years, HighPeak Energy's total revenue changed from $8.12 million in 2019 to $1.07 billion in 2024, a change of 13,078.2%.

How much debt does HighPeak Energy have?

HighPeak Energy's total liabilities were at $1.46 billion at the end of 2024, a 4.4% decrease from 2023, and a 4,301.2% increase since 2019.

How much cash does HighPeak Energy have?

In the past 5 years, HighPeak Energy's cash and equivalents has ranged from $19.55 million in 2020 to $194.52 million in 2023, and is currently $86.65 million as of their latest financial filing in 2024.

How has HighPeak Energy's book value per share changed over the last 4 years?

Over the last 4 years, HighPeak Energy's book value per share changed from 0.00 in 2019 to 12.66 in 2024, a change of 1,265.5%.

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This page (NASDAQ:HPK) was last updated on 4/17/2025 by MarketBeat.com Staff

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HighPeak Energy (HPK) Financials

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HighPeak Energy (HPK) Financials

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