HPKHighPeak Energy, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -89% · now at/near its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can HPK take a bad year?
HighPeak Energy, Inc. carries $1.04B of net debt at 1.83× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.83×
Net debt / EBITDA · 1.37× a year ago · the load is going up
- Interest cover
- 0.91×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 71%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $1.19B
- Cash and short-term investments
- $146M
- Net debt
- $1.04B
- EBITDA, trailing twelve months
- $570M
- Operating profit, trailing twelve months
- $132M
- Debt / equity
- 0.77×
- Total debt / EBITDA
- 2.08×
- Annualised volatilitytwo years of daily moves
- 71%
- Worst drawdown on file
- −89%
- Below its 52-week high
- 0.00%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.