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| 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 |