Filing Flows › HighPeak Energy (HPK) › Q2 2026
HighPeak Energy (HPK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
HighPeak Energy (HPK) reported revenue of $272M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +26% from the quarter before. Operating margin was 29.5%, net earnings $82.3M (30.2% of revenue).
HighPeak Energy, Q2 2026: revenue $272M (+26% year over year), operating margin 29.5%, net earnings $82.3M, operating cash flow $126M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $272M | +26% | +26% |
| Operating profit | $80.2M | +123% | +85% |
| Net earnings | $82.3M | — | +214% |
| Operating cash flow | $126M | +133% | -11% |
| Free cash flow | $18.8M | — | +26% |
What changed
Revenue was $272.4M in Q2 2026, up 26% year over year and up 26% from the previous quarter. Crude Oil Sales was the largest line at 96% of revenue. Crude Oil Sales added $63.6M year over year (up 32%), 114% of the total change. Natural Gas and NGL Sales declined 39%.
Operating profit was $80.2M, a 29.5% margin (up 9.4 points year over year). Of the extra revenue versus Q2 2025, 66% reached operating profit, above the 20% margin then. Total costs grew 11% against revenue growth of 26%. The fastest-growing cost line was SG&A (+24%). Net earnings were $82.3M, up 214% year over year. The effective tax rate was 16.7%.
Operating cash flow was $126.3M (down 11% year over year), 154% of net earnings. Non-cash charges added back $113.4M of depreciation and amortization and $868K of share-based compensation. Working capital and other items used $70.2M. Capital expenditures of $107.6M left free cash flow of $18.8M.
Questions
What was HighPeak Energy's revenue in the second quarter 2026?
HighPeak Energy (HPK) reported revenue of $272M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +26% from the quarter before.
Was HighPeak Energy profitable in the second quarter 2026?
Operating profit was $80.2M (29.5% of revenue) and net earnings $82.3M.
Source: HighPeak Energy 10-Q on SEC EDGAR.