HighPeak Energy (HPK) Operating Expenses (2019 - 2026)
HighPeak Energy (HPK) recorded Operating Expenses of $189.18 million in Q2 2026, up 10.9% from $170.54 million a year earlier and up 5.2% from the prior quarter.
Powered by 
Analysis
HighPeak Energy (HPK) Operating Expenses (2019 - 2026) Analysis & Trends
On a TTM basis, HighPeak Energy's Operating Expenses came in at $758 million as of Jun 30, 2026, unchanged year-over-year; for FY2025, it was $710.54 million, down 8.4% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 80.5% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $775.97 million in FY2024 (+11.4%), $696.41 million in FY2023 (+109.1%), $333.12 million in FY2022 (+181.6%) and $118.28 million in FY2021 (+219.2%).
- Quarterly Operating Expenses has ranged from $25.51 million in Q3 2021 to $232.97 million in Q4 2025 over the past five years.
- On a year-over-year basis, Operating Expenses rose in two of the last eight quarters, with an average decline of 1.6%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 259.1% in Q1 2023, against a decline of 20.7% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $179.82 million (Q1 2026), $232.97 million (Q4 2025) and $156.03 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 3.19 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 53.37 Bn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | 46.44 Bn |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | - |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 2.43 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | -22.18 Bn |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 47.07 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 114.95 Mn |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 17.00 Mn |
| 10 | HighPeak Energy | 959.78 Mn | 390.62 Mn | - | 189.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 189.18 Mn |
| Mar 31, 2026 | 179.82 Mn |
| Dec 31, 2025 | 232.97 Mn |
| Sep 30, 2025 | 156.03 Mn |
| Jun 30, 2025 | 170.54 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 |
| Sep 30, 2021 | 25.51 Mn |
| Jun 30, 2021 | 27.23 Mn |
API Access
HighPeak Energy Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HPK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HPK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HPK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();