HPK on Nasdaq
HighPeak Energy, Inc.
American drilling oil and gas wells company based in Fort Worth. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerHPK on Nasdaq2
- IndustryDrilling Oil & Gas Wells2
- HeadquartersFort Worth, United States2
- Incorporated inDE3
- Business address421 W. 3Rd Street, Suite 1000, Fort Worth, Tx 761023
- Filer categoryAccelerated filer3
- Legal formCorporation2
- LEI549300J4RNCV140DUY762
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O CAPITOL SERVICES, INC., 19901 Dover, United States2
- Registered withDivision of Corporations, Department of State, 76771832
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
17.4%Operating margin4
2.2%Net margin4
-22.7%Revenue growth, 20254
1.2%Return on equity4
0.71×Debt to equity4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Crude Oil Sales brought in 91% of the revenue HighPeak Energy, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Crude Oil Sales | $1.1B | $1.1B | $786.0M |
| Natural Gas and NGL Sales | $44.5M | $56.7M | $77.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin3¢$25.3M
- Other costs77¢$664.8M
- Interest17¢$147.1M
- Income tax1¢$7.2M
- Profit2¢$19.0M
Out of $863.4M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Dividends paid4¢$20.9M
- Kept or used elsewhere96¢$490.7M
Out of $511.6M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $863.4M | $1.1B | $1.1B |
| Crude oil and natural gas production | $139.5M | $132.2M | $145.4M |
| Gathering, processing and transportation | $68.4M | $47.8M | $19.8M |
| Production and ad valorem taxes | $37.2M | $59.7M | $58.5M |
| Exploration and abandonments | $16.7M | $1.5M | $5.2M |
| Depletion, depreciation and amortization | $421.8M | $500.8M | $424.4M |
| Accretion of discount | $1.1M | $966.0K | $522.0K |
| General and administrative | $25.3M | $20.4M | $16.6M |
| Stock-based compensation | $619.0K | $12.7M | $26.0M |
| Total operating costs and expenses | $710.5M | $776.0M | $696.4M |
| Other expense | $2.8M | $3.8M | $8.3M |
| Income from operations | $150.0M | $337.4M | $426.5M |
| Interest income | $3.8M | $8.7M | $2.9M |
| Interest expense | -$147.1M | -$168.7M | -$147.9M |
| Gain (loss) on derivative instruments, net | $44.9M | -$46.5M | $27.6M |
| Loss on extinguishment of debt | -$25.4M | $0 | -$27.3M |
| Income before income taxes | $26.2M | $130.9M | $281.8M |
| Provision for income taxes | $7.2M | $35.9M | $65.9M |
| Net income | $19.0M | $95.1M | $215.9M |
| Basic net income (in dollars per share) | $0.13 | $0.69 | $1.64 |
| Diluted net income (in dollars per share) | $0.14 | $0.67 | $1.58 |
| Basic (in shares) | 125.3M shares | 125.3M shares | 118.0M shares |
| Diluted (in shares) | 125.3M shares | 129.2M shares | 123.0M shares |
| Dividends declared per share (in dollars per share) | $0.16 | $0.16 | $0.10 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $162.1M | $86.6M | ||
| Accounts receivable | $55.5M | $85.2M | ||
| Derivative instruments | $29.6M | $7.6M | ||
| Inventory | $7.6M | $11.0M | ||
| Prepaid expenses | $5.1M | $4.6M | ||
| Total current assets | $259.9M | $195.0M | ||
| Proved properties | $4.5B | $4.0B | ||
| Unproved properties | $59.3M | $70.9M | ||
| Accumulated depletion, depreciation and amortization | -$1.6B | -$1.2B | ||
| Total crude oil and natural gas properties, net | $2.9B | $2.8B | ||
| Other property and equipment, net | $3.0M | $3.2M | ||
| Derivative instruments | $4.2M | $0 | ||
| Other noncurrent assets | $16.2M | $19.3M | ||
| Total assets | $3.2B | $3.1B | ||
| Current maturities of long-term debt | $60.0M | $120.0M | ||
| Accounts payable trade | $84.3M | $74.0M | ||
| Accrued capital expenditures | $30.9M | $35.2M | ||
| Revenues and royalties payable | $30.7M | $26.8M | ||
| Other accrued liabilities | $20.9M | $22.2M | ||
| Advances from joint interest owners | $2.2M | $316.0K | ||
| Operating leases | $845.0K | $719.0K | ||
| Derivative instruments | $380.0K | $5.4M | ||
| Total current liabilities | $230.3M | $284.6M | ||
| Long-term debt, net | $1.1B | $928.4M | ||
| Deferred income taxes | $239.6M | $232.4M | ||
| Asset retirement obligations | $15.9M | $14.8M | ||
| Derivative instruments | $360.0K | $0 | ||
| 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 | ||
| 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 | ||
| Additional paid-in capital | $1.2B | $1.2B | ||
| Retained earnings | $432.5M | $435.8M | ||
| Total stockholders equity | $1.6B | $1.6B | $1.6B | $1.2B |
| Total liabilities and stockholders equity | $3.2B | $3.1B | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Preferred Stock, Shares Issued (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 600.0M shares | 600.0M shares | ||
| Common Stock, Shares, Issued (in shares) | 125.3M shares | 126.1M shares | ||
| Common Stock, Shares, Outstanding (in shares) | 125.3M shares | 126.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $162.1M | $86.6M | ||
| Accounts receivable | $55.5M | $85.2M | ||
| Derivative instruments | $29.6M | $7.6M | ||
| Inventory | $7.6M | $11.0M | ||
| Prepaid expenses | $5.1M | $4.6M | ||
| Total current assets | $259.9M | $195.0M | ||
| Proved properties | $4.5B | $4.0B | ||
| Unproved properties | $59.3M | $70.9M | ||
| Accumulated depletion, depreciation and amortization | -$1.6B | -$1.2B | ||
| Total crude oil and natural gas properties, net | $2.9B | $2.8B | ||
| Other property and equipment, net | $3.0M | $3.2M | ||
| Derivative instruments | $4.2M | $0 | ||
| Other noncurrent assets | $16.2M | $19.3M | ||
| Total assets | $3.2B | $3.1B | ||
| Current maturities of long-term debt | $60.0M | $120.0M | ||
| Accounts payable trade | $84.3M | $74.0M | ||
| Accrued capital expenditures | $30.9M | $35.2M | ||
| Revenues and royalties payable | $30.7M | $26.8M | ||
| Other accrued liabilities | $20.9M | $22.2M | ||
| Advances from joint interest owners | $2.2M | $316.0K | ||
| Operating leases | $845.0K | $719.0K | ||
| Derivative instruments | $380.0K | $5.4M | ||
| Total current liabilities | $230.3M | $284.6M | ||
| Long-term debt, net | $1.1B | $928.4M | ||
| Deferred income taxes | $239.6M | $232.4M | ||
| Asset retirement obligations | $15.9M | $14.8M | ||
| Derivative instruments | $360.0K | $0 | ||
| 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 | ||
| 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 | ||
| Additional paid-in capital | $1.2B | $1.2B | ||
| Retained earnings | $432.5M | $435.8M | ||
| Total stockholders equity | $1.6B | $1.6B | $1.6B | $1.2B |
| Total liabilities and stockholders equity | $3.2B | $3.1B | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Preferred Stock, Shares Issued (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 600.0M shares | 600.0M shares | ||
| Common Stock, Shares, Issued (in shares) | 125.3M shares | 126.1M shares | ||
| Common Stock, Shares, Outstanding (in shares) | 125.3M shares | 126.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $19.0M | $95.1M | $215.9M |
| Provision for deferred income taxes | $7.2M | $35.3M | $65.9M |
| 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 |
| Amortization of discounts on long-term debt | $5.7M | $9.9M | $15.1M |
| Stock-based compensation expense | $619.0K | $12.7M | $26.0M |
| Accretion expense | $1.1M | $966.0K | $522.0K |
| Depletion, depreciation and amortization | $421.8M | $500.8M | $424.4M |
| Exploration and abandonment expense | $15.4M | $620.0K | $4.2M |
| Accounts receivable | $29.7M | $9.3M | $2.0M |
| Prepaid expenses, inventory and other assets | $5.6M | -$19.5M | $6.9M |
| Accounts payable, accrued liabilities and other current liabilities | $5.0M | $4.7M | $8.5M |
| Net cash provided by operating activities | $511.6M | $690.4M | $756.4M |
| Additions to crude oil and natural gas properties | -$515.4M | -$604.8M | -$1.0B |
| Changes in working capital associated with crude oil and natural gas property additions | $6.2M | -$1.3M | -$100.8M |
| Acquisitions of crude oil and natural gas properties | -$6.7M | -$14.8M | -$15.1M |
| Proceeds from sales of properties | $570.0K | $339.0K | $0 |
| Other property additions | -$54.0K | -$216.0K | -$193.0K |
| Net cash used in investing activities | -$515.3M | -$620.8M | -$1.1B |
| Dividends paid | -$20.9M | -$20.1M | -$11.9M |
| Debt issuance costs | -$7.9M | -$58.0K | -$28.4M |
| Cash paid for tax withholding on vested equity awards | -$5.1M | $0 | $0 |
| Premium on extinguishment of debt | -$4.8M | $0 | -$4.5M |
| Dividend equivalents paid | -$2.1M | -$2.1M | -$1.3M |
| Stock offering costs | -$155.0K | $0 | -$5.4M |
| Proceeds from exercise of warrants | $1.0K | $1.0K | $4.0M |
| Repurchased shares under buyback program | $0 | -$35.2M | $0 |
| 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 |
| Proceeds from exercises of stock options | $0 | $0 | $148.0K |
| Net cash provided (used in) by financing activities | $79.2M | -$177.4M | |
| Net increase (decrease) in cash and cash equivalents | $75.4M | -$107.9M | $164.0M |
| Cash paid for interest | $135.5M | $152.0M | $133.1M |
| Cash paid for income taxes | $498.0K | $0 | $0 |
| Additions to asset retirement obligations | $3.8M | $1.1M | $6.0M |
No quarter-by-quarter statement was filed.
Leadership
Who has led HighPeak Energy, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerMichael L. Hollis Jan 5, 2026 to now12
- Chief executive officerJack Hightower Aug 26, 2020 to Nov 12, 202413
- PresidentMichael L. Hollis Aug 26, 2020 to now14
- Chief financial officerSteven W. Tholen Aug 26, 2020 to now15
- Chief operating officerRodney L. Woodard Aug 26, 2020 to now16
Board members and other officers (13)
- Vice President FinanceDaniel M. Silver Oct 28, 2025 to now17
- SVP, Reserves and EvaluationsChris Mundy Nov 12, 2025 to now18
- Executive Vice PresidentWilliam Ryan Hightower Nov 13, 2025 to now19
- Vice President and ControllerKeith E. Forbes Nov 9, 2020 to now20
- Board memberDaniel M. Silver Oct 28, 2025 to now17
- Board memberJason A. Edgeworth Jun 2, 2023 to now21
- Board memberJack Hightower Aug 26, 2020 to Nov 12, 202413
- Board memberMichael L. Hollis Aug 26, 2020 to now14
- Board memberJay M. Chernosky Aug 31, 2020 to now22
- Board memberKeith Covington Aug 31, 2020 to now23
- Board memberLarry Oldham Aug 31, 2020 to now24
- Board memberMichael H. Gustin Aug 31, 2020 to Jun 2, 202225
- Board memberSharon F. Fulgham Aug 31, 2020 to now26
Timeline
Filings
276 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 87 major events, 103 insider forms, 13 large holders, 53 other. The latest 20:
- Oct 6, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Jun 30, 20268-K EDGAR
- Jun 5, 20268-K/A EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20268-K EDGAR
- May 6, 2026424B5 EDGAR
- May 6, 20268-K EDGAR
- May 6, 202610-Q EDGAR
- May 1, 20268-K EDGAR
- Apr 30, 2026ARS EDGAR
- Apr 30, 2026DEFA14A EDGAR
- Apr 30, 2026DEF 14A EDGAR
- Mar 11, 202610-K EDGAR
- Mar 11, 20268-K EDGAR
The 276 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
42 open-market trades by officers, directors and large owners since October 2021: 40 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 18, 2033 | Hollis Michael L.President and CEO | Buy | 9,256 | $22.42 | $207.5K | Form 4 |
| Nov 8, 2024 | HIGHTOWER JACKChief Executive Officer | Buy | 17,262 | $14.03 | $242.2K | Form 4 |
| Sep 20, 2024 | HIGHTOWER JACKChief Executive Officer | Buy | 100,000 | $15.54 | $1.6M | Form 4 |
| Sep 3, 2024 | HIGHTOWER JACKChief Executive Officer | Buy | 36,078 | $15.25 | $550.2K | Form 4 |
| Aug 30, 2024 | HIGHTOWER JACKChief Executive Officer | Buy | 17,827 | $15.95 | $284.3K | Form 4 |
| Aug 29, 2024 | HIGHTOWER JACKChief Executive Officer | Buy | 17,743 | $15.50 | $275.0K | Form 4 |
| Aug 28, 2024 | HIGHTOWER JACKChief Executive Officer | Buy | 64,744 | $15.41 | $997.7K | Form 4 |
| Aug 27, 2024 | HIGHTOWER JACKChief Executive Officer | Buy | 50,000 | $15.50 | $775.0K | Form 4 |
| Dec 29, 2023 | HIGHTOWER JACKChief Executive Officer | Buy | 50,000 | $14.69 | $734.5K | Form 4 |
| Dec 28, 2023 | HIGHTOWER JACKChief Executive Officer | Buy | 104,715 | $14.78 | $1.5M | Form 4 |
| Dec 27, 2023 | HIGHTOWER JACKChief Executive Officer | Buy | 9,315 | $15.00 | $139.7K | Form 4 |
| Dec 22, 2023 | HIGHTOWER JACKChief Executive Officer | Buy | 100,000 | $14.47 | $1.4M | Form 4 |
| Dec 21, 2023 | HIGHTOWER JACKChief Executive Officer | Buy | 50,442 | $14.19 | $715.8K | Form 4 |
| Dec 7, 2023 | Chernosky Jay M.Director | Sale | 3,615 | $14.48 | $52.3K | Form 4 |
| Sep 20, 2023 | HIGHTOWER JACKChief Executive Officer | Buy | 275,999 | $16.55 | $4.6M | Form 4 |
| Sep 20, 2023 | Hollis Michael L.President and CEO | Buy | 5,989 | $16.64 | $99.7K | Form 4 |
| Sep 19, 2023 | HIGHTOWER JACKChief Executive Officer | Buy | 224,001 | $16.59 | $3.7M | Form 4 |
| Sep 19, 2023 | Hollis Michael L.President and CEO | Buy | 3,840 | $16.33 | $62.7K | Form 4 |
| Jul 19, 2023 | Edgeworth Jason A.Director | Buy | 5,700 | $10.50 | $59.9K | Form 4 |
| Jul 19, 2023 | THOLEN STEVEN WChief Financial Officer | Buy | 9,500 | $10.50 | $99.8K | Form 4 |
All 42 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- HighPeak Energy Partners, LPSCHEDULE 13D/A, 1 filing Sep 17, 202527
- Jack HightowerSCHEDULE 13D/A, 3 filings Aug 29, 2024 to Sep 17, 202528
- John Paul DejoriaSCHEDULE 13D/A, 3 filings Aug 24, 2022 to Sep 17, 202529
- Alamo Borden County IV, LLCSC 13G/A, 3 filings Mar 30, 2022 to Feb 9, 202430
- HighPeak Energy Partners II, LPSC 13D/A, 3 filings Aug 24, 2022 to Oct 3, 202331
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Arax Advisory Partners | 13,900,110 | $97.2M | 0.6% | +13,899,878 |
| BlackRock, Inc. | 1,881,769 | $13.2M | 0.0% | +60,819 |
| Aqr Capital Management LLC | 1,306,408 | $9.1M | 0.0% | +725,259 |
| D. E. Shaw & Co., Inc. | 1,011,449 | $7.1M | 0.0% | +268,791 |
| American Century Companies Inc | 952,619 | $6.7M | 0.0% | −37,564 |
| Vanguard Capital Management LLC | 871,652 | $6.1M | 0.0% | −191,062 |
| Millennium Management LLC | 794,036 | $5.6M | 0.0% | +438,168 |
| Texas Capital Bank Wealth Management Services Inc | 776,190 | $5.4M | 0.3% | No change |
| Geode Capital Management, LLC | 753,198 | $5.3M | 0.0% | +37,062 |
| Kennedy Capital Management LLC | 734,699 | $5.1M | 0.1% | +615,857 |
| Jpmorgan Chase & Co | 744,814 | $5.0M | 0.0% | +231,890 |
| State Street Corp | 621,619 | $4.3M | 0.0% | +7,840 |
| Two Sigma Investments, LP | 607,061 | $4.2M | 0.0% | +209,031 |
| Point72 Asset Management, L.P. | 598,103 | $4.2M | 0.0% | +210,244 |
| Vanguard Portfolio Management LLC | 579,791 | $4.1M | 0.0% | −46,588 |
| PDT Partners, LLC | 548,124 | $3.8M | 0.2% | +221,125 |
| Tudor Investment Corp Et Al | 467,463 | $3.3M | 0.0% | +259,733 |
| Goldman Sachs Group Inc | 407,212 | $2.8M | 0.0% | −213,980 |
| Citadel Advisors LLC | 345,695 | $2.4M | 0.0% | +294,492 |
| Eight 31 Financial, LLC | 335,023 | $2.3M | 1.4% | No change |
| Morgan Stanley | 311,927 | $2.2M | 0.0% | −4,508 |
| Trexquant Investment LP | 288,952 | $2.0M | 0.0% | New |
| Voya Investment Management LLC | 243,912 | $1.7M | 0.0% | −35,144 |
| Americana Partners, LLC | 241,277 | $1.7M | 0.0% | −303 |
| Northern Trust Corp | 238,902 | $1.7M | 0.0% | −129,149 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 13
- 14SEC EDGARMichael L. Hollis, President
- 15
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- 18
- 19
- 20
- 21SEC EDGARJason A. Edgeworth, Board member
- 22SEC EDGARJay M. Chernosky, Board member
- 23SEC EDGARKeith Covington, Board member
- 24SEC EDGARLarry Oldham, Board member
- 25SEC EDGARMichael H. Gustin, Board member
- 26SEC EDGARSharon F. Fulgham, Board member
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- 28
- 29
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- 31