HighPeak Energy (HPK) Research & Development (2019 - 2026)
HighPeak Energy's Research & Development was $10.96 million in Q3 2026, up 381.0% from $2.28 million a year earlier and up 146.6% from the prior quarter.
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Analysis
HighPeak Energy (HPK) Research & Development (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, HighPeak Energy's Research & Development was $29.18 million through Sep 30, 2026, up 611.7% year-over-year; for FY2025, it came in at $16.69 million.
- Research & Development shows a five-year compound annual growth rate of 429.7% (FY2020 to FY2025).
- In earlier years, Research & Development was $1.48 million in FY2024 (-71.8%), $5.23 million in FY2023 (+355.5%), $1.15 million in FY2022 (-25.8%) and $1.55 million in FY2021.
- Quarterly Research & Development has moved between $167,000 (Q2 2024) and $13.03 million (Q4 2025) over five years.
- Compared with a year earlier, Research & Development has increased for three straight quarters, with growth averaging 265.9% over the last seven quarters.
- The best year-over-year quarter for Research & Development over five years was Q1 2023 (growth of 935.4%); the worst was Q4 2021 (a decline of 91.9%).
- Per Business Quant data, HPK's Research & Development in the three quarters before Q3 2026 was $4.44 million (Q2 2026), $742,000 (Q1 2026) and $13.03 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 116.00 Mn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 259.00 Mn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 134.00 Mn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 60.00 Mn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 311.00 Mn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | - |
| 10 | HighPeak Energy | 1.04 Bn | 518.49 Mn | 239.36 Mn | 10.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.96 Mn |
| Jun 30, 2026 | 4.44 Mn |
| Mar 31, 2026 | 742,000.00 |
| Dec 31, 2025 | 13.03 Mn |
| Sep 30, 2025 | 2.28 Mn |
| Jun 30, 2025 | 1.11 Mn |
| Mar 31, 2025 | 264,000.00 |
| Dec 31, 2024 | 449,000.00 |
| Sep 30, 2024 | 362,000.00 |
| Jun 30, 2024 | 167,000.00 |
| Mar 31, 2024 | 498,000.00 |
| Dec 31, 2023 | 862,000.00 |
| Sep 30, 2023 | 1.73 Mn |
| Jun 30, 2023 | 480,000.00 |
| Mar 31, 2023 | 2.16 Mn |
| Dec 31, 2022 | 466,000.00 |
| Sep 30, 2022 | 290,000.00 |
| Jun 30, 2022 | 184,000.00 |
| Mar 31, 2022 | 209,000.00 |
| Dec 31, 2021 | 407,000.00 |
API Access
HighPeak Energy Research & Development 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=research-and-development&ticker=HPK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=HPK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();