Filing Flows › HighPeak Energy (HPK) › Q3 2026 › vs Q3 2025
HighPeak Energy (HPK) Q3 2026 vs Q3 2025 (year over year)
HighPeak Energy's revenue rose $48.1M (+23%) from $209M in Q3 2025 to $257M in Q3 2026. The biggest changes: Crude Oil Sales +$45.0M (+24%); Natural Gas and NGL Sales +$3.1M (+17%).
HighPeak Energy, Q3 2026: revenue $257M (+23% year over year), operating margin 27.9%, net loss $55.7M, operating cash flow $110M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 14.9% | 15.3% | -0.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Crude Oil Sales | $236M | $191M | $45.0M | +24% |
| Natural Gas and NGL Sales | $21.1M | $18.0M | $3.1M | +17% |
| Revenue | $257M | $209M | $48.1M | +23% |
| Income tax benefit | $15.4M | $3.6M | $11.9M | +332% |
| Net loss | $55.7M | $18.3M | $37.3M | +204% |
| Costs & expenses | $328M | $231M | $97.3M | +42% |
| Operating costs | $185M | $176M | $9.0M | +5% |
| Interest & other, net | $143M | $54.5M | $88.3M | +162% |
| SG&A | $6.1M | $9.3M | −$3.3M | -35% |
| Other operating costs | $179M | $167M | $12.2M | +7% |
| Operating cash sources | $165M | $139M | $26.7M | +19% |
| Depreciation & amortization | $101M | $101M | $599K | +0.6% |
| Share-based compensation | $875K | $177K | $698K | +394% |
| Working capital & other | $63.2M | $37.8M | $25.4M | +67% |
| Net loss absorbed | $55.7M | $18.3M | $37.3M | +204% |
| Operating cash flow | $110M | $120M | −$10.6M | -9% |
| Free cash flow (OCF − capex) | $38.4M | $32.0M | $6.4M | +20% |
| Capital expenditures | $71.2M | $88.2M | −$17.0M | -19% |
Questions
How much did HighPeak Energy's revenue grow year over year in Q3 2026?
HighPeak Energy's revenue rose $48.1M (+23%) from $209M in Q3 2025 to $257M in Q3 2026.
What drove HighPeak Energy's revenue change in Q3 2026?
Crude Oil Sales +$45.0M (+24%); Natural Gas and NGL Sales +$3.1M (+17%).