HighPeak Energy Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	53.16	95.07	215.87	236.85	55.56	-101.46
Depreciation & Amortization	418.65	501.75	428.32	178.11	65.37	16.4
Other Amortization	15.49	18.14	26.55	13.37	0.5	0
Stock-Based Compensation	1.82	12.7	25.96	33.35	6.68	15.78
Other Operating Activities	49.51	68.13	42.28	77.42	33.11	80.31
Change in Accounts Receivable	21.89	9.35	2.01	-57.22	-31.66	-4.33
Change in Accounts Payable	1.27	4.72	8.49	34.09	24.51	-4.68
Change in Other Net Operating Assets	-3.75	-19.47	6.92	-11.96	-7.05	-0.7
Operating Cash Flow	558.02	690.39	756.39	504.01	147.02	1.31
Operating Cash Flow Growth	-28.96%	-8.72%	50.07%	242.83%	11113.96%	-
Capital Expenditures	-556.06	-619.89	-1,025	-1,311	-291	-119.03
Sale of Property, Plant & Equipment	0.79	0.34	-	-	3.37	-
Cash Acquisitions	-	-	-	-	-	-15
Other Investing Activities	-16.55	-1.29	-100.8	128.94	37.26	-5.8
Investing Cash Flow	-571.82	-620.84	-1,126	-1,182	-250.37	-139.83
Long-Term Debt Issued	-	-	1,425	1,365	120	-
Long-Term Debt Repaid	-	-120	-1,000	-755	-20	-
Net Debt Issued (Repaid)	90	-120	425	610.18	100	-
Issuance of Common Stock	0	0	159.94	92.93	35.94	54
Repurchase of Common Stock	-11.77	-35.17	-	-	-	-
Common Dividends Paid	-20.52	-20.06	-11.86	-10.41	-4.64	-
Other Financing Activities	-14.57	-2.19	-39.52	-18.66	-5.67	81.36
Financing Cash Flow	43.14	-177.41	533.56	674.03	118.67	135.36
Net Cash Flow	29.34	-107.87	164.01	-4.37	15.32	-3.16
Free Cash Flow	1.96	70.5	-268.74	-807.33	-143.98	-117.71
Free Cash Flow Margin	0.22%	6.59%	-24.18%	-106.83%	-65.41%	-478.06%
Free Cash Flow Per Share	0.02	0.55	-2.19	-7.26	-1.52	-1.28
Cash Interest Paid	134.57	151.97	133.1	24.27	1.81	-
Levered Free Cash Flow	-53.03	41.15	-485.36	-752.68	-114.32	-58.49
Unlevered Free Cash Flow	25.27	128.45	-419.47	-734.42	-113.26	-58.49
Change in Working Capital	19.41	-5.41	17.42	-35.09	-14.2	-9.72

Source: S&P Global Market Intelligence. Standard template. Financial Sources.