HighPeak Energy, Inc.
HPKEW
NASDAQ Global Market0.05
USD
-0.09
- -
CIK
0001792849
ISIN
US43114Q1215
CUSIP
43114Q121
Return %
Stock
S&P500
1Y
-98.90
19.01
3Y
-99.62
65.49
5Y
-94.47
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jack Dana Hightower
- Full Time Employees
- 47
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 421 West 3rd Street Fort Worth DE United States of America 76102
- IPO Date
- May 30, 2018
- CIK
- 0001792849
- Website
- highpeakenergy.com
- Similar Companies
- Business
- HighPeak Energy, Inc. (HPKEW) is an independent crude oil and natural gas exploration and production company focused on the acquisition, development, and production of oil, natural gas, and natural gas liquids (NGLs) reserves primarily in the Midland Basin of the Permian Basin, located in Howard and Borden Counties, Texas. The company holds a contiguous position of over 140,000 net acres, with greater than 90% operated, targeting stacked pay zones such as the Wolfcamp and Spraberry formations using advanced horizontal drilling and multi-stage hydraulic fracturing techniques; it generates revenue predominantly from crude oil sales (approximately 85% of total), supplemented by natural gas and NGLs sold to refineries, commodity traders, utilities, industrial users, and petrochemical companies. HighPeak emphasizes operational efficiency, achieving some of the highest oil cuts (over 70%) and best operating margins among Permian peers, with average daily production reaching approximately 50,000 barrels of oil equivalent (Boe) in recent quarters. Founded in 2019 and headquartered in Fort Worth, Texas, the company became publicly traded in August 2020 through a business combination with Pure Acquisition Corp., a special purpose acquisition company. HighPeak serves customers in the United States within the energy sector, operating in a single segment dedicated to upstream oil and gas activities, with no noted subsidiaries or parent relationships. In recent developments, HighPeak completed a significant acquisition of Hannathon Petroleum assets in 2023 for approximately $255 million in cash and stock, expanding its reserves, production capacity, and acreage in the Midland Basin. Throughout 2024, the company executed a disciplined drilling program, reducing capital expenditures by 40% year-over-year while increasing production by 10%, optimizing operational costs, and managing its debt profile amid fluctuating commodity prices. In 2025, leadership transitioned with Michael L. Hollis appointed as permanent President and CEO following an interim role, and founder Jack Hightower stepping down from executive and board positions; the company also outlined a 2026 roadmap emphasizing cash flow discipline, debt reduction, infrastructure investments in gas gathering and power distribution, and delineation of Middle Spraberry wells to add low-breakeven drilling locations.