Financial Snapshot

Revenue
$1.136B
TTM
Gross Margin
88.0%
TTM
Net Earnings
$171.6M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
95.81%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
$1.213B
Q3 2024
Book Value
$1.848B
Q3 2024
Cash
Q3 2024
P/E
10.77
Nov 29, 2024 EST
Free Cash Flow
$163.9M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.111B $755.7M $220.1M $24.62M $8.115M $0.00 $0.00
YoY Change 47.06% 243.3% 794.09% 203.39%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.111B $755.7M $220.1M $24.62M $8.115M $0.00 $0.00
Cost Of Revenue $145.4M $69.60M $25.05M $7.520M $3.370M
Gross Profit $965.9M $686.1M $195.1M $17.10M $4.740M
Gross Profit Margin 86.92% 90.79% 88.62% 69.46% 58.41%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $16.60M $12.47M $8.885M $23.39M $8.682M $320.0K $10.00K
YoY Change 33.1% 40.35% -62.01% 169.41% 2613.13% 3100.0%
% of Gross Profit 1.72% 1.82% 4.55% 136.78% 183.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $424.4M $177.7M $65.20M $16.26M $4.269M
YoY Change 138.79% 172.61% 300.99% 280.89%
% of Gross Profit 43.94% 25.91% 33.42% 95.09% 90.06%
Operating Expenses $16.60M $12.47M $8.885M $46.28M $8.682M $320.0K $10.00K
YoY Change 33.1% 40.35% -80.8% 433.06% 2613.13% 3100.0%
Operating Profit $426.5M $422.6M $101.8M -$29.18M -$11.58M
YoY Change 0.92% 314.9% -449.03% 152.01%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense $147.9M $50.61M $2.484M $0.00 $5.780M
YoY Change 192.24% 1937.44%
% of Operating Profit 34.68% 11.98% 2.44%
Other Income/Expense, Net -$8.262M $0.00 -$167.0K -$76.50M $0.00
YoY Change -100.0% -99.78%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income $281.8M $312.2M $72.46M -$105.7M -$11.58M $5.460M -$10.00K
YoY Change -9.75% 330.86% -168.56% 812.77% -312.07% -54700.0%
Income Tax $65.91M $75.36M $16.90M -$4.220M $1.180M
% Of Pretax Income 23.39% 24.14% 23.33% 21.61%
Net Earnings $215.9M $236.9M $55.56M -$101.5M -$11.58M $4.280M -$10.00K
YoY Change -8.86% 326.31% -154.76% 776.24% -370.54% -42900.0%
Net Earnings / Revenue 19.42% 31.34% 25.24% -412.1% -142.69%
Basic Earnings Per Share $1.64 $2.04 $0.55
Diluted Earnings Per Share $1.58 $1.93 $0.54 -$1.107M $82.71K -$215.70

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $194.5M $30.50M $34.87M $19.60M $22.70M $700.0K $0.00
YoY Change 537.67% -12.52% 77.9% -13.66% 3142.86%
Cash & Equivalents $194.5M $30.50M $34.87M $19.60M $22.70M
Short-Term Investments
Other Short-Term Assets $32.48M $4.150M $9.403M $2.400M $61.60M $0.00
YoY Change 682.53% -55.87% 291.79% -96.1%
Inventory $7.254M $13.28M $3.304M $100.0K $200.0K
Prepaid Expenses
Receivables $94.59M $96.60M $39.38M $7.700M $3.400M
Other Receivables $0.00 $0.00 $0.00 $3.600M $4.200M
Total Short-Term Assets $328.8M $144.5M $86.95M $33.30M $92.00M $700.0K $0.00
YoY Change 127.53% 66.21% 161.12% -63.8% 13042.86%
Property, Plant & Equipment $2.731B $2.129B $728.1M $504.2M $405.9M
YoY Change 28.27% 192.4% 44.4% 24.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $418.7M
YoY Change
Other Assets $21.23M $6.098M $3.939M $400.0K $0.00 $0.00 $200.0K
YoY Change 248.2% 54.81% 884.75% -100.0%
Total Long-Term Assets $2.752B $2.135B $732.0M $504.6M $405.9M $418.8M $200.0K
YoY Change 28.9% 191.66% 45.07% 24.32% -3.08% 209300.0%
Total Assets $3.081B $2.279B $819.0M $537.9M $497.9M $419.5M $200.0K
YoY Change
Accounts Payable $63.58M $105.6M $38.14M $7.600M $11.10M
YoY Change -39.77% 176.75% 401.89% -31.53%
Accrued Expenses $60.77M $120.9M $33.27M $12.80M $19.70M $0.00 $200.0K
YoY Change -49.75% 263.56% 159.88% -35.03% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $120.0M
YoY Change
Total Short-Term Liabilities $287.4M $266.1M $103.0M $22.40M $31.00M $400.0K $200.0K
YoY Change 7.99% 158.38% 359.82% -27.74% 7650.0% 100.0%
Long-Term Debt $1.030B $704.3M $97.93M $0.00 $0.00 $0.00 $0.00
YoY Change 46.28% 619.24%
Other Long-Term Liabilities $13.31M $8.193M $9.166M $2.400M $2.200M
YoY Change 62.46% -10.62% 281.92% 9.09%
Total Long-Term Liabilities $1.044B $712.5M $107.1M $2.400M $2.200M $0.00 $0.00
YoY Change 46.46% 565.34% 4362.29% 9.09%
Total Liabilities $1.528B $1.110B $265.9M $63.70M $33.20M $400.0K $200.0K
YoY Change 37.68% 317.39% 317.42% 91.87% 8200.0% 100.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 118.0M 104.7M 93.13M
Diluted Shares Outstanding 123.0M 111.2M 94.77M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.8487 Billion

About HighPeak Energy, Inc.

HighPeak Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development and production of oil, natural gas and NGL reserves. The company is headquartered in Fort Worth, Texas and currently employs 48 full-time employees. The company went IPO on 2018-05-29. The firm is focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. The company focuses on brownfield the Midland Basin and specifically the Howard and Borden Counties area of the Midland Basin. Its assets include certain rights, title and interests in crude oil and natural gas assets located primarily in Howard and Borden Counties, Texas, and to a lesser extent, Scurry and Mitchell Counties, Texas. Its assets are located in the northeastern part of the Midland Basin. The Midland Basin is part of the Permian Basin of West Texas and Eastern New Mexico. The Permian Basin covers an area of about 96,000 square miles and is comprised of five sub-regions including the Midland Basin, the Central Basin Platform, the Delaware Basin, the Northwest Shelf and the Eastern Shelf.

Industry: Drilling Oil & Gas Wells Peers: Black Stone Minerals, L.P. California Resources Corp Callon Petroleum Co Permian Resources Corp CNX Resources Corp CONOCOPHILLIPS STR Sub Inc. NORTHERN OIL & GAS, INC. Kosmos Energy Ltd.