Filing Flows

Filing Flows › Companies › HighPeak Energy › Cash flow

HighPeak Energy cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$18.8M in Q2 2026 · −$1.7M over twelve months

Operating cash flow$126M
Capital spending−$108M
Free cash flow+$18.8M
Cash / net income1.5×

Analysis

In Q2 2026, HighPeak Energy generated $126M of operating cash flow and spent $108M on capital projects, leaving free cash flow of $18.8M. That is $3.9M more than in Q2 2025 ($14.9M).

Over the twelve months to Jun 30, 2026, operating cash flow was $394M; the largest uses were capital spending ($396M), dividends ($11.0M); besides operations, cash came from other financing ($125M), other investing ($12.2M); the cash balance rose by $124M.

Operating cash flow was $126M against net income of $82.3M — 1.5× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$113M, deferred taxes +$16.4M, receivables +$15.4M.

Free cash flow

HighPeak Energy: free cash flow by quarterHighPeak Energy: free cash flow by quarter$36.9MQ3 2024−$13.2MQ4 2024−$22.8MQ1 2025$14.9MQ2 2025$32.0MQ3 2025−$27.9MQ4 2025−$24.6MQ1 2026$18.8MQ2 2026
Operating cash flow less capital spending.
HighPeak Energy: operating cash flow against capital spendingHighPeak Energy: operating cash flow against capital spendingOperating cash flowCapital spending$177M$140MQ3 2024$140M$153MQ4 2024$157M$180MQ1 2025$141M$126MQ2 2025$120M$88.2MQ3 2025$93.1M$121MQ4 2025$54.2M$78.8MQ1 2026$126M$108MQ2 2026
Latest (Q2 2026): Operating cash flow $126M, Capital spending $108M.

Capital allocation, year by year

HighPeak Energy: where the cash came from (up) and went (down), by fiscal yearHighPeak Energy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow $147MFY2021: Net borrowing $220MFY2021: Shares issued $26.9MFY2021: Capital spending −$236MFY2021: Dividends −$11.6M$394MFY2021FY2022: Operating cash flow $504MFY2022: Net borrowing $610MFY2022: Shares issued $120KFY2022: Capital spending −$1.0BFY2022: Dividends −$10.4M$1.1BFY2022FY2023: Operating cash flow $756MFY2023: Net borrowing −$1.0BFY2023: Shares issued $148KFY2023: Capital spending −$1.0BFY2023: Dividends −$11.9M$757MFY2023FY2024: Operating cash flow $690MFY2024: Capital spending −$605MFY2024: Buybacks −$35.2MFY2024: Dividends −$20.1M$690MFY2024FY2025: Operating cash flow $512MFY2025: Capital spending −$515MFY2025: Dividends −$20.9M$512MFY2025
Over these 5 years operating cash flow totalled $2.6B; the largest uses were capital spending ($3.4B) and net borrowing ($1.0B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$146M
Debt$1.2B
Net debt$1.0B
Due within a year$120M

HighPeak Energy's operations bring cash in ($394M over twelve months), and it spends more than that on capital projects: a gap of $1.7M funded from its $146M of cash and investments and from borrowing ($1.2B of debt, $120M due within a year). That is a choice to invest, not a cash runway running down.

Where the cash came from and went

HighPeak Energy: sources (+) and uses (−) of cash, Q2 2026HighPeak Energy: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$126MCapital spending−$108MCash drawn (+) / kept (−)−$50.5MOther investing$31.8MOther financing−$37K
HighPeak Energy: sources (+) and uses (−) of cash, TTM to Q2 2026HighPeak Energy: sources (+) and uses (−) of cash, TTM to Q2 2026Capital spending−$396MOperating cash flow$394MOther financing$125MCash drawn (+) / kept (−)−$124MOther investing$12.2MDividends−$11.0M

From profit to cash

HighPeak Energy: net income to operating cash flow, Q2 2026HighPeak Energy: net income to operating cash flow, Q2 2026Net income$82.3MDepreciation & amortization$113MStock-based pay$868KDeferred taxes$16.4MReceivables$15.4MPayables−$2.6MPrepaid and other assets$2.8MOperating cash flow$126M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsCash drawn (+) / kept (−)Free cash flow
Q2 2026$126M−$108M——−$50.5M$18.8M
Q1 2026$54.2M−$78.8M——$66.2M−$24.6M
Q4 2025$93.1M−$121M—−$5.4M$2.8M−$27.9M
Q3 2025$120M−$88.2M—−$5.6M−$143M$32.0M
Q2 2025$141M−$126M—−$5.0M$29.8M$14.9M
Q1 2025$157M−$180M—−$5.0M$35.0M−$22.8M
Q4 2024$140M−$153M−$7.9M−$5.0M$48.9M−$13.2M
Q3 2024$177M−$140M−$12.7M−$5.0M$22.3M$36.9M

HighPeak Energy: income statement and cash flow

HighPeak Energy, Q2 2026: revenue $272M (+26% year over year), operating margin 29.5%. The chart follows the revenue to costs, profit and cash.

HighPeak Energy: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.