HighPeak Energy, Inc. (HPK) financial statements (2022 and earlier)

Company profile

Business Address 421 W. 3RD STREET
FORT WORTH, TX 76102
State of Incorp. DE
Fiscal Year End December 31
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,86919,552
Cash and cash equivalents34,86919,552
Receivables39,3787,722
Inventory, net of allowances, customer advances and progress billings3,304121
Inventory3,304121
Prepaid expense7,1542,254
Derivative instruments and hedges, assets2,199 
Deposits current assets5050
Other undisclosed current assets 3,596
Total current assets:86,95433,295
Noncurrent Assets
Property, plant and equipment1,6001,092
Oil and gas property, successful effort method725,615502,636
Other noncurrent assets4,791907
Total noncurrent assets:732,006504,635
TOTAL ASSETS:818,960537,930
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities70,55319,955
Accounts payable38,1447,581
Accrued liabilities32,40912,374
Derivative instruments and hedges, liabilities13,591 
Other liabilities8,0152,480
Other undisclosed current liabilities10,841 
Total current liabilities:103,00022,435
Noncurrent Liabilities
Long-term debt and lease obligation97,929 
Long-term debt, excluding current maturities97,929 
Liabilities, other than long-term debt64,96841,269
Asset retirement obligations4,2602,293
Deferred income tax liabilities55,80238,898
Other liabilities83178
Derivative instruments and hedges, liabilities4,075 
Total noncurrent liabilities:162,89741,269
Total liabilities:265,89763,704
Stockholders' equity
Stockholders' equity attributable to parent553,063474,226
Common stock109
Additional paid in capital617,489581,426
Accumulated deficit(64,436)(107,209)
Total stockholders' equity:553,063474,226
TOTAL LIABILITIES AND EQUITY:818,960537,930

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
Revenues220,124 
Cost of revenue(106,934) 
Gross profit:113,190 
Operating expenses(11,343) 
Operating income:101,847 
Nonoperating expense(26,900) 
Investment income, nonoperating(26,733) 
Interest and debt expense(2,484) 
Income from continuing operations before income taxes:72,463 
Income tax expense(16,904) 
Net income attributable to parent:55,559 
Other undisclosed net loss available to common stockholders, basic(4,674) 
Net income available to common stockholders, basic:50,885 
Dilutive securities, effect on basic earnings per share58 
Net income available to common stockholders, diluted:50,943 

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
Net income:55,559 
Comprehensive income, net of tax, attributable to parent:55,559 

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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