Highpeak Energy Inc

highpeakenergy.com

HighPeak Energy (NYSE: HPK) is an independent oil and natural gas company that acquires, develops, and produces crude oil, natural gas liquids, and natural gas in the continental United States. Revenue comes entirely from the sale of crude oil, NGL, and natural gas production, with crude oil accounting for approximately 91% of total operating revenues in FY2025 and NGL and natural gas sales making up the remaining 9%. The company carries a term loan credit agreement and a senior credit facility, making the capital structure debt-heavy. Average daily sales volumes totaled 48,297 Boepd in FY2025, a 3% decrease from FY2024, driven by natural decline and reduced drilling activity in a lower commodity price environment. Weighted average realized crude oil prices fell to $65.43 per barrel in FY2025 from $76.42 in FY2024. A single purchaser accounted for approximately 82% of total crude oil, NGL, and natural gas sales revenues in FY2025, representing material customer concentration. Approximately 72% of the company's net acreage was held by production as of December 31, 2025.