Filing Flows › HighPeak Energy (HPK) › How it makes money
How HighPeak Energy (HPK) makes money
HighPeak Energy (HPK) made $272M of revenue in the second quarter 2026 (Q2 2026), +26% from a year earlier. Crude Oil Sales brought in $260M (96%); Natural Gas and NGL Sales brought in $12.1M (4%). Of every dollar of revenue, 29¢ was left as operating profit, 30¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Crude Oil Sales | $260M | 95.6% | +31% | +32% |
| Natural Gas and NGL Sales | $12.1M | 4.4% | -28% | -39% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $272M | 100.0% |
| Operating profit | $80.2M | 29.5% |
| Income tax | $16.4M | 6.0% |
| Net earnings | $82.3M | 30.2% |
| Operating cash flow | $126M | 46.4% |
| Free cash flow | $18.8M | 6.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $272M | +26% |
| Q1 2026 | $216M | -21% |
| Q4 2025 | $217M | -23% |
| Q3 2025 | $189M | -30% |
| Q2 2025 | $200M | -27% |
| Q1 2025 | $257M | -10% |
| Q4 2024 | $283M | -12% |
From HighPeak Energy's 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does HighPeak Energy make money?
HighPeak Energy (HPK) made $272M of revenue in the second quarter 2026 (Q2 2026), +26% from a year earlier. Crude Oil Sales brought in $260M (96%); Natural Gas and NGL Sales brought in $12.1M (4%). Of every dollar of revenue, 29¢ was left as operating profit, 30¢ was left as net earnings.
What is HighPeak Energy's biggest business?
Crude Oil Sales: $260M in the second quarter 2026, 96% of revenue, +32% from a year earlier.
What is HighPeak Energy's profit margin?
Net earnings were $82.3M, 30.2% of revenue, in the second quarter 2026; the operating margin was 29.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.