← HighPeak Energy, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and Cash Equivalents, at Carrying Value | $22.7m | $86.5m | $34.9m | $30.5m | $194.5m | $86.6m | $162.1m | |
| Cash and cash equivalents | $22.7m | $19.6m | $34.9m | $30.5m | $194.5m | $86.6m | $162.1m | |
| Accounts receivable | $3.4m | $7.7m | $39.4m | $96.6m | $94.6m | $85.2m | $55.5m | |
| Prepaid expenses | $25k | $2.3m | $7.2m | $4.1m | $995k | $4.6m | $5.1m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | $30.5m | $194.5m | $86.6m | $162.1m | |
| Prepaid Assets | — | — | — | $4.1m | $995k | $4.6m | $5.1m | |
| Inventory, Net | $184k | $121k | $3.3m | $13.3m | $7.3m | $11.0m | $7.6m | |
| Assets, Current | $92.0m | $89.5m | $87.0m | $144.5m | $328.8m | $195.0m | $259.9m | |
| Total current assets | $92.0m | $33.3m | $87.0m | $144.5m | $328.8m | $195.0m | $259.9m | |
| Property, Plant and Equipment, Net | $1.1m | $436k | $1.6m | $3.6m | $3.6m | $3.2m | $3.0m | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | — | $1.4m | $957k | |
| Other Assets, Noncurrent | — | — | $4.8m | $6.4m | $5.7m | $19.3m | $16.2m | |
| Other noncurrent assets | — | $907k | $4.8m | $6.4m | $5.7m | $19.3m | $16.2m | |
| Additional Financial Items | ||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $3.4m | $3.0m | $39.4m | $96.6m | $94.6m | $85.2m | $55.5m | |
| Partners' Capital | $464.7m | — | — | — | — | — | — | |
| Derivative instruments | — | $0 | $2.2m | $17k | $13.1m | $0 | $360k | |
| Proved properties | $178.8m | $367.4m | $699.7m | $2.3b | $3.3b | $4.0b | $4.5b | |
| Unproved properties | $227.5m | $152.7m | $108.4m | $114.7m | $72.7m | $70.9m | $59.3m | |
| Accumulated depletion, depreciation and amortization | ($1.6m) | ($17.5m) | ($82.5m) | ($260.0m) | ($684.2m) | ($1.2b) | ($1.6b) | |
| Revenues and royalties payable | — | — | $7.5m | $15.6m | $29.7m | $26.8m | $30.7m | |
| Advances from joint interest owners | — | $969k | $10.8m | $7.3m | $262k | $316k | $2.2m | |
| Operating leases | — | — | — | $343k | $528k | $670k | $142k | |
| Deferred income taxes | — | $38.9m | $55.8m | $131.2m | $197.1m | $232.4m | $239.6m | |
| Asset retirement obligations | $2.2m | $2.3m | $4.3m | $7.5m | $13.2m | $14.8m | $15.9m | |
| Accumulated Depreciation | — | — | — | ($260.0m) | ($684.2m) | ($1.2b) | ($1.6b) | |
| Buildings And Improvements | — | — | — | $544k | $530k | $516k | $502k | |
| Capital Lease Obligations | — | — | — | $343k | $528k | $1.4m | $987k | |
| Current Accrued Expenses | — | — | — | $120.6m | $60.2m | $57.4m | $51.8m | |
| Current Capital Lease Obligation | — | — | — | $343k | $528k | $719k | $845k | |
| Current Debt And Capital Lease Obligation | — | — | — | $343k | $120.5m | $120.7m | $60.8m | |
| Current Deferred Liabilities | — | — | — | $7.3m | $262k | $316k | $2.2m | |
| Derivative Product Liabilities | — | — | — | $691k | $65k | $0 | $360k | |
| Dueto Related Parties Current | — | — | $10.8m | $7.3m | — | — | — | |
| Financial Assets | — | — | — | $0 | $16.1m | $0 | $4.2m | |
| Gross PPE | — | — | — | $2.4b | $3.4b | $4.0b | $4.5b | |
| Hedging Assets Current | — | — | — | $17k | $31.5m | $7.6m | $29.6m | |
| Interest Payable | — | — | $179k | $13.2m | $1.4m | $0 | — | |
| Invested Capital | — | — | — | $1.9b | $2.6b | $2.5b | $2.7b | |
| Land And Improvements | — | — | — | $2.1m | $2.1m | $1.9m | $1.9m | |
| Leases | — | — | — | $206k | $209k | $193k | $177k | |
| Long Term Capital Lease Obligation | — | — | — | — | $0 | $670k | $142k | |
| Long Term Provisions | — | — | — | $7.5m | $13.2m | $14.8m | $15.9m | |
| Machinery Furniture Equipment | — | — | — | $692k | $690k | $621k | $412k | |
| Net Debt | — | — | — | $673.8m | $835.8m | $841.7m | $970.7m | |
| Net PPE | — | — | — | $2.1b | $2.7b | $2.8b | $2.9b | |
| Net Tangible Assets | — | — | — | $1.2b | $1.6b | $1.6b | $1.6b | |
| Non Current Deferred Liabilities | — | — | — | $131.2m | $197.1m | $232.4m | $239.6m | |
| Ordinary Shares Number | — | — | — | $113.2m | $128.4m | $126.1m | $125.3m | |
| Other Current Liabilities | — | — | — | $16.7m | $13.1m | $5.4m | $380k | |
| Other Payable | — | — | — | $15.6m | $29.7m | $26.8m | $30.7m | |
| Other Properties | — | — | — | $6k | $4k | $2k | $52k | |
| Raw Materials | — | — | $3.3m | $13.3m | — | — | — | |
| Share Issued | — | — | — | $113.2m | $128.4m | $126.1m | $125.3m | |
| Tangible Book Value | — | — | — | $1.2b | $1.6b | $1.6b | $1.6b | |
| Working Capital | — | — | — | ($121.6m) | $41.4m | ($89.6m) | $29.6m | |
| Accrued Liabilities, Current | $19.7m | — | $32.4m | — | — | — | — | |
| Total crude oil and natural gas properties, net | $404.8m | $502.6m | $725.6m | $2.1b | $2.7b | $2.8b | $2.9b | |
| Total stockholders’ equity | — | $474.2m | $553.1m | $1.2b | $1.6b | $1.6b | $1.6b | |
| Total Capitalization | — | — | — | $1.9b | $2.6b | $2.5b | $2.7b | |
| Total Debt | — | — | — | $704.7m | $1.2b | $1.0b | $1.2b | |
| Total Non Current Assets | $92.0m | $33.3m | $87.0m | $2.1b | $2.8b | $2.9b | $3.0b | |
| Assets | $497.9m | $542.0m | $819.0m | $2.3b | $3.1b | $3.1b | $3.2b | |
| Total assets | $497.9m | $537.9m | $819.0m | $2.3b | $3.1b | $3.1b | $3.2b | |
| LIABILITIES AND EQUITY | ||||||||
| Total liabilities and stockholders’ equity | $497.9m | $537.9m | $819.0m | $2.3b | $3.1b | $3.1b | $3.2b | |
| Current liabilities: | ||||||||
| Operating Lease, Liability, Current | — | — | — | — | $528k | $719k | $845k | |
| Long-term Debt, Current Maturities | — | — | $0 | $0 | $120.0m | $120.0m | $60.0m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | — | $670k | $142k | |
| Long-term Debt, Excluding Current Maturities | — | — | $97.9m | $704.3m | $1.0b | $928.4m | $1.1b | |
| Current maturities of long-term debt | — | — | — | $0 | $120.0m | $120.0m | $60.0m | |
| Accounts payable – trade | $11.1m | $7.6m | $38.1m | $105.6m | $63.6m | $74.0m | $84.3m | |
| Accrued capital expenditures | — | — | $26.1m | $91.8m | $39.2m | $35.2m | $30.9m | |
| Other accrued liabilities | — | — | $6.1m | $15.6m | $19.6m | $22.2m | $20.9m | |
| Accounts Payable | — | — | — | $105.6m | $63.6m | $74.0m | $84.3m | |
| Payables And Accrued Expenses | — | — | — | $241.8m | $153.5m | $158.2m | $166.8m | |
| Liabilities, Current | $31.0m | $28.4m | $103.0m | $266.1m | $287.4m | $284.6m | $230.3m | |
| Total current liabilities | $31.0m | $22.4m | $103.0m | $266.1m | $287.4m | $284.6m | $230.3m | |
| Deferred Income Tax Liabilities, Net | — | $39.9m | $55.8m | $131.2m | $197.1m | $232.4m | $239.6m | |
| Other Liabilities, Noncurrent | — | — | $831k | $0 | — | — | — | |
| Long-term debt, net | — | $0 | $97.9m | $704.3m | $1.0b | $928.4m | $1.1b | |
| Long Term Debt And Capital Lease Obligation | — | — | — | $704.3m | $1.0b | $929.1m | $1.1b | |
| Non Current Deferred Taxes Liabilities | — | — | — | $131.2m | $197.1m | $232.4m | $239.6m | |
| Deferred Tax Liabilities, Net | — | — | $55.8m | $131.2m | $197.1m | $232.4m | $239.6m | |
| Total Liabilities Net Minority Interest | — | — | — | $1.1b | $1.5b | $1.5b | $1.6b | |
| Stockholders’ equity: | ||||||||
| Preferred Stock, Value, Issued | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | — | $9k | $10k | $11k | $13k | $13k | $13k | |
| Additional Paid in Capital | — | $562.1m | $617.5m | $1.0b | $1.2b | $1.2b | $1.2b | |
| Retained Earnings (Accumulated Deficit) | ($5.7m) | ($90.8m) | ($64.4m) | $160.7m | $363.3m | $435.8m | $432.5m | |
| 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 | 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 | — | 9k | 10k | 11k | 13k | 13k | 13k | |
| Capital Stock | — | — | — | $11k | $13k | $13k | $13k | |
| Preferred Stock | — | — | — | $0 | $0 | $0 | $0 | |
| Stockholders' Equity Attributable to Parent | — | $471.3m | $553.1m | $1.2b | $1.6b | $1.6b | $1.6b | |
| Total Equity Gross Minority Interest | — | — | — | $1.2b | $1.6b | $1.6b | $1.6b | |
| Total Non Current Liabilities Net Minority Interest | $31.0m | $22.4m | $103.0m | $843.7m | $1.2b | $1.2b | $1.4b | |
| Liabilities and Equity | $497.9m | $542.0m | $819.0m | $2.3b | $3.1b | $3.1b | $3.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.