HPK (HighPeak Energy) Debt-to-Equity: 0.81 (As of Mar. 2026) — 23% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HPK HighPeak Energy Inc HPK
49 GF Score
Price $7.21
GF Value $10.08
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is HighPeak Energy Debt-to-Equity?

HighPeak Energy HPK +4.96% 49 Debt-to-Equity is 0.81 as of Mar. 2026, which is 23% above its 10-year median of 0.66. GuruFocus rates HPK with a GF Score™ of 49/100 and a GF Value™ of $10.08 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 807 Oil & Gas companies, HighPeak Energy ranks worse than 66.29% on this metric.

HighPeak Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $90.7 Mil. HighPeak Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $1,097.7 Mil. HighPeak Energy's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $1,468.0 Mil. HighPeak Energy's debt to equity for the quarter that ended in Mar. 2026 was 0.81.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for HighPeak Energy's Debt-to-Equity or its related term are showing as below:

HPK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.66   Max: 0.81
Current: 0.81

During the past 7 years, the highest Debt-to-Equity Ratio of HighPeak Energy was 0.81. The lowest was 0.00. And the median was 0.66.

HPK's Debt-to-Equity is ranked worse than
66.29% of 807 companies
in the Oil & Gas industry
Industry Median: 0.46 vs HPK: 0.81

HighPeak Energy  (NAS:HPK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


HighPeak Energy Debt-to-Equity Related Terms


HighPeak Energy Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for HighPeak Energy's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HighPeak Energy Debt-to-Equity Chart

HighPeak Energy Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial 0.18 0.60 0.74 0.66 0.75

HighPeak Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.62 0.73 0.75 0.81

HPK vs GFR, REPX, TBN: Debt-to-Equity Comparison

For the Oil & Gas E&P subindustry, HighPeak Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HighPeak Energy Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, HighPeak Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where HighPeak Energy's Debt-to-Equity falls into.


HPK
49GF Score
HighPeak Energy Inc HPK
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HighPeak Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HighPeak Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

HighPeak Energy's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.81 mean?
HighPeak Energy (HPK) has a Debt-to-Equity of 0.81 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HighPeak Energy and its competitors. This is 23% above median its historical median of 0.66. According to the industry distribution chart, HighPeak Energy ranks #535 out of 807 companies in the Oil & Gas industry, placing it in the top 66.3%.
Is HighPeak Energy's Debt-to-Equity too high?
HighPeak Energy's current Debt-to-Equity of 0.81 is 23% above median its 10-year median of 0.66. The Oil & Gas industry median Debt-to-Equity is 0.46. HighPeak Energy's value of 0.81 is 76.1% above this industry median. Based on the distribution chart, HighPeak Energy ranks #535 out of 807 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, HighPeak Energy has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HighPeak Energy's Debt-to-Equity compare to GFR and REPX?
According to the Oil & Gas industry distribution chart, HighPeak Energy ranks #535 out of 807 companies for Debt-to-Equity. This places HighPeak Energy in the lower half of its industry. The industry median Debt-to-Equity is 0.46. HighPeak Energy's value of 0.81 is 76.1% above this benchmark. While the company's 10-year median is 0.66 vs. the industry median of 0.46, HighPeak Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 807 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HighPeak Energy's current Debt-to-Equity of 0.81 is 76.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HighPeak Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HighPeak Energy's current Debt-to-Equity is 0.81, which is 23% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HighPeak Energy stock overvalued right now?
Based on GuruFocus' analysis, HighPeak Energy (HPK) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.08, compared to a current price of $7.21 — trading 28.5% below its estimated fair value. The current Debt-to-Equity is 0.81, which is 23% above median its 10-year median of 0.66 and 76.1% above the Oil & Gas industry median of 0.46. HighPeak Energy's overall GF Score™ is 49/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For HighPeak Energy (HPK), the current Debt-to-Equity is 0.81 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HighPeak Energy (HPK) Overvalued in 2026?

Based on GuruFocus' analysis, HighPeak Energy stock appears to be undervalued. The current stock price of $7.21 is trading 28.5% below its estimated GF Value™ of $10.08. GuruFocus considers HighPeak Energy to be Modestly Undervalued.

Key valuation signals for HPK:

  • Debt-to-Equity: 0.81 (23% above median its 10-year median of 0.66)
  • GF Value™: $10.08 vs. price of $7.21 (28.5% below fair value)
  • GF Score™: 49/100 with 7 warning signs
  • Industry Position: 76.1% above the Oil & Gas median (#535 of 807)

No single metric tells the full story. See the HPK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HighPeak Energy Business Description

Industry EnergyOil & Gas
Other Exchanges 58R:Germany
Address 421 West 3rd Street, Suite 1000, Fort Worth, TX, USA, 76102
HighPeak Energy Inc is an independent crude oil and natural gas exploration and production company that explores for, develops and produces crude oil, NGL, and natural gas prominently in Howard County of the Midland Basin. The company operates in a single segment, which is crude oil and natural gas development, exploration, and production in the U.S. The majority of the company's revenue is derived from the Crude oil sales.
49GF Score

Get the complete analysis for HPK

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.21
Price
$10.08
GF Value