HighPeak Energy (HPK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

HighPeak Energy

NasdaqGM•Energy•Oil & Gas E&P

$8.15+0.10(0.01%)Pre-market

Market Cap

$1.04B

P/S

1.2x

P/B

0.7x

HighPeak Energy, Inc. operates as an independent crude oil and natural gas exploration and production company. It engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was formerly known as HPK Energy, LP and changed its name to HighPeak Energy, Inc. in August 2020. The company was founded in 2019 and is headquartered in Fort Worth, Texas.

How this company scores

WeakMetricSide Score: 32/100

Strongest: Profitability (11/25); weakest: Growth (4/25).

Profitability11/25

Growth4/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality6/25

Strengths

Long cash runwayImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 32.2x5y range 5.1x – 62.7x

Currently above its 18-quarter median.

P/S · 1.2x5y range 0.7x – 7.5x

Currently below its 20-quarter median.

P/B · 0.7x5y range 0.4x – 3.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 51.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.04B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $893.82M
Q. Revenue: $272.42M
TTM EBITDA: $570.09M
TTM Op. Income: $132.42M
Q. Op. Income: $80.24M
TTM Net Income: $-88.72M
Q. Net Income: $82.28M
EPS: $0.6
Shares Out.: $125.29M

$893.82M in TTM revenue declined 7.3% YoY, reaching $272.42M last quarter. TTM EBITDA of $570.09M and TTM operating income of $132.42M show growth is flowing through to the bottom line. However, net income is negative at $88.72M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 7% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 71.1%
Op. Margin: 29.5%
Net Margin: 30.2%

Op. margin of 29.5% is up 7.8% YoY — cost efficiency is improving. Net margin at 30.2% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.2x
P/B Ratio: 0.7x

P/S of 1.2x and P/B of 0.7x. P/S is low relative to typical market levels. Across the last 6 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.17B
Cash: $146.35M
Long-Term Debt: $1.07B
Book Value: $1.55B
D/E Ratio: 0.7
Debt/EBITDA: 5.5

With $3.17B in assets and $1.07B in long-term debt, D/E is 0.7and book value is $1.55B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 11% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $126.34M
TTM Free Cash Flow: $-1.72M
FCF Margin: -0.2%
FCF / Net Income: 0.0

TTM FCF of $-1.72M on $126.34M in operating cash flow. The FCF / Net Income ratio of 0.0x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 111% — an improving trend.