HighPeak Energy (HPK) Operating Expenses (2019 - 2026)

HighPeak Energy's (HPK) quarterly Operating Expenses came in at $179.8 million in Q1 2026, down 1.16% year-on-year from $181.9 million in Q1 2025, and down 22.82% quarter-over-quarter from $233.0 million in Q4 2025.

HighPeak Energy (HPK) Operating Expenses (2019 - 2026) Analysis & Trends

HighPeak Energy's Operating Expenses history runs 8 years deep, the most recent figure standing at $179.8 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 1.16% year-over-year to $179.8 million in Q1 2026; TTM through Mar 2026 was $723.3 million, a 6.45% decrease from a year earlier, with the FY2025 full-year figure at $710.5 million, down 8.43% from the prior year.
  • Operating Expenses slipped to $179.8 million in Q1 2026 per HPK's latest filing, from $233.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $233.0 million in Q4 2025 and bottomed at $37.7 million in Q1 2022.
  • The 5-year median for Operating Expenses is $179.8 million (2026), against an average of $159.5 million.
  • Across the five-year window, Operating Expenses soared 259.07% in 2023 and retreated 20.69% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $131.0 million in 2022, then jumped by 63.29% to $214.0 million in 2023, then decreased by 2.56% to $208.5 million in 2024, then grew by 11.74% to $233.0 million in 2025, then slipped by 22.82% to $179.8 million in 2026.
  • Per Business Quant, the three latest HPK Operating Expenses figures stand at $179.8 million (Q1 2026), $233.0 million (Q4 2025), and $156.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.28 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 4.32 Bn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 4.12 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 4.86 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 60.22 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 54.49 Mn
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 3.64 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 2.87 Bn
10 HighPeak Energy 857.44 Mn 753.80 Mn - 179.82 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 179.82 Mn
Dec 31, 2025 232.97 Mn
Sep 30, 2025 156.03 Mn
Jun 30, 2025 154.47 Mn
Mar 31, 2025 181.93 Mn
Dec 31, 2024 208.49 Mn
Sep 30, 2024 196.73 Mn
Jun 30, 2024 186.01 Mn
Mar 31, 2024 184.74 Mn
Dec 31, 2023 213.98 Mn
Sep 30, 2023 198.92 Mn
Jun 30, 2023 148.30 Mn
Mar 31, 2023 135.21 Mn
Dec 31, 2022 131.04 Mn
Sep 30, 2022 85.80 Mn
Jun 30, 2022 78.62 Mn
Mar 31, 2022 37.66 Mn
Dec 31, 2021 45.73 Mn
Sep 30, 2021 25.51 Mn
Jun 30, 2021 27.23 Mn