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
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