HighPeak Energy (HPK) Operating Expenses (2019 - 2026)
HighPeak Energy (HPK) recorded quarterly Operating Expenses of $179.8 million in Q1 2026, down 22.82% quarter-over-quarter from $233.0 million in Q4 2025, and down 1.16% on a YoY basis from $181.9 million in Q1 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.
- In Q1 2026, Operating Expenses fell 1.16% year-over-year to $179.8 million; the TTM figure through Mar 2026 stood at $723.3 million (down 6.45% YoY), while the FY2025 annual figure was $710.5 million, down 8.43% from the prior year.
- Operating Expenses was $179.8 million for Q1 2026 at HighPeak Energy, down from $233.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $233.0 million in Q4 2025 to a low of $37.7 million in Q1 2022.
- Historically, Operating Expenses has averaged $159.5 million across 5 years, with a median of $179.8 million in 2026.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses jumped 259.07% in 2023, then declined 20.69% in 2025.
- A 5-year view of Operating Expenses shows it 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.
- The last three Operating Expenses figures came in at $179.8 million (Q1 2026), $233.0 million (Q4 2025), and $156.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 669.86 Bn | 663.92 Bn | - | - |
| 2 | Canadian Natural Resources | 393.48 Bn | 393.48 Bn | 6.72 Bn | 1.04 Bn |
| 3 | Conocophillips | 143.01 Bn | 136.64 Bn | 9.48 Bn | 2.28 Bn |
| 4 | Eog Resources | 72.59 Bn | 68.74 Bn | - | 4.32 Bn |
| 5 | Occidental Petroleum | 55.93 Bn | 52.75 Bn | 4.87 Bn | 1.12 Bn |
| 6 | Diamondback Energy | 54.41 Bn | 60.57 Bn | 4.22 Bn | 4.12 Bn |
| 7 | Vista Energy, S.A.B. de C.V | 35.45 Bn | 34.84 Bn | 472.36 Mn | -52.32 Mn |
| 8 | Eqt | 32.44 Bn | 35.79 Bn | 2.98 Bn | 54.87 Mn |
| 9 | Vermilion Energy | 31.35 Bn | 31.16 Bn | 370.10 Mn | 103.33 Mn |
| 10 | HighPeak Energy | 987.09 Mn | 883.45 Mn | 203.99 Mn | 179.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |