Filing Flows › HighPeak Energy (HPK) › Q1 2025
HighPeak Energy (HPK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
HighPeak Energy (HPK) reported revenue of $257M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -9% from the quarter before. Operating margin was 35.1%, net earnings $36.3M (14.1% of revenue).
HighPeak Energy, Q1 2025: revenue $257M (-10% year over year), operating margin 35.1%, net earnings $36.3M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $257M | -9% | -11% |
| Operating profit | $90.4M | +23% | -12% |
| Net earnings | $36.3M | +305% | +464% |
| Operating cash flow | $157M | +13% | -8% |
What changed
Revenue was $257.4M in Q1 2025, down 11% year over year and down 9% from the previous quarter.
Operating profit was $90.4M, a 35.1% margin (down 0.7 points year over year). Total costs fell 10% while revenue fell 11%. The fastest-growing cost line was SG&A (+35%). Net earnings were $36.3M, up 464% year over year. The effective tax rate was 21.5%.
Operating cash flow was $157.1M (down 8% year over year), 432% of net earnings. Non-cash charges added back $109.3M of depreciation and amortization and $177K of share-based compensation. Working capital and other items added $11.2M. Capital expenditures of $179.8M exceeded it, leaving free cash flow of −$22.8M.
Questions
What was HighPeak Energy's revenue in the first quarter 2025?
HighPeak Energy (HPK) reported revenue of $257M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -9% from the quarter before.
Was HighPeak Energy profitable in the first quarter 2025?
Operating profit was $90.4M (35.1% of revenue) and net earnings $36.3M.
Source: HighPeak Energy 10-Q on SEC EDGAR.