vs

Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and UNITIL CORP (UTL). Click either name above to swap in a different company.

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $161.5M, roughly 1.3× UNITIL CORP). UNITIL CORP runs the higher net margin — 11.8% vs -11.6%, a 23.4% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs -23.3%). Over the past eight quarters, UNITIL CORP's revenue compounded faster (-4.9% CAGR vs -13.2%).

Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

HPK vs UTL — Head-to-Head

Bigger by revenue
HPK
HPK
1.3× larger
HPK
$216.6M
$161.5M
UTL
Growing faster (revenue YoY)
UTL
UTL
+50.0% gap
UTL
26.7%
-23.3%
HPK
Higher net margin
UTL
UTL
23.4% more per $
UTL
11.8%
-11.6%
HPK
Faster 2-yr revenue CAGR
UTL
UTL
Annualised
UTL
-4.9%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
UTL
UTL
Revenue
$216.6M
$161.5M
Net Profit
$-25.2M
$19.0M
Gross Margin
Operating Margin
-7.6%
21.5%
Net Margin
-11.6%
11.8%
Revenue YoY
-23.3%
26.7%
Net Profit YoY
-380.7%
21.8%
EPS (diluted)
$-0.16
$1.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HPK
HPK
UTL
UTL
Q4 25
$216.6M
$161.5M
Q3 25
$188.9M
$101.1M
Q2 25
$200.4M
$102.6M
Q1 25
$257.4M
$170.8M
Q4 24
$282.6M
$127.5M
Q3 24
$271.6M
$92.9M
Q2 24
$275.3M
$95.7M
Q1 24
$287.8M
$178.7M
Net Profit
HPK
HPK
UTL
UTL
Q4 25
$-25.2M
$19.0M
Q3 25
$-18.3M
$-300.0K
Q2 25
$26.2M
$4.0M
Q1 25
$36.3M
$27.5M
Q4 24
$9.0M
$15.6M
Q3 24
$49.9M
$0
Q2 24
$29.7M
$4.3M
Q1 24
$6.4M
$27.2M
Operating Margin
HPK
HPK
UTL
UTL
Q4 25
-7.6%
21.5%
Q3 25
17.3%
6.9%
Q2 25
21.7%
13.0%
Q1 25
35.1%
27.0%
Q4 24
26.1%
22.1%
Q3 24
27.0%
6.2%
Q2 24
31.7%
13.0%
Q1 24
35.8%
24.7%
Net Margin
HPK
HPK
UTL
UTL
Q4 25
-11.6%
11.8%
Q3 25
-9.7%
-0.3%
Q2 25
13.1%
3.9%
Q1 25
14.1%
16.1%
Q4 24
3.2%
12.2%
Q3 24
18.4%
Q2 24
10.8%
4.5%
Q1 24
2.2%
15.2%
EPS (diluted)
HPK
HPK
UTL
UTL
Q4 25
$-0.16
$1.05
Q3 25
$-0.15
$-0.02
Q2 25
$0.19
$0.25
Q1 25
$0.26
$1.69
Q4 24
$0.06
$0.97
Q3 24
$0.35
$0.00
Q2 24
$0.21
$0.27
Q1 24
$0.05
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HPK
HPK
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$162.1M
$15.6M
Total DebtLower is stronger
$1.2B
$670.5M
Stockholders' EquityBook value
$1.6B
$609.6M
Total Assets
$3.2B
$2.1B
Debt / EquityLower = less leverage
0.75×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
UTL
UTL
Q4 25
$162.1M
$15.6M
Q3 25
$164.9M
$14.6M
Q2 25
$21.9M
$8.5M
Q1 25
$51.6M
$10.2M
Q4 24
$86.6M
$6.3M
Q3 24
$135.6M
$6.3M
Q2 24
$157.9M
$2.8M
Q1 24
$173.4M
$6.3M
Total Debt
HPK
HPK
UTL
UTL
Q4 25
$1.2B
$670.5M
Q3 25
$1.2B
$670.5M
Q2 25
$1.0B
$640.7M
Q1 25
$1.0B
$642.1M
Q4 24
$1.0B
$643.3M
Q3 24
$1.1B
$643.3M
Q2 24
$1.1B
$511.3M
Q1 24
$1.1B
$512.8M
Stockholders' Equity
HPK
HPK
UTL
UTL
Q4 25
$1.6B
$609.6M
Q3 25
$1.6B
$597.2M
Q2 25
$1.7B
$532.8M
Q1 25
$1.6B
$534.1M
Q4 24
$1.6B
$512.5M
Q3 24
$1.6B
$502.4M
Q2 24
$1.6B
$508.8M
Q1 24
$1.5B
$510.8M
Total Assets
HPK
HPK
UTL
UTL
Q4 25
$3.2B
$2.1B
Q3 25
$3.2B
$1.9B
Q2 25
$3.1B
$1.9B
Q1 25
$3.1B
$1.9B
Q4 24
$3.1B
$1.8B
Q3 24
$3.1B
$1.7B
Q2 24
$3.1B
$1.7B
Q1 24
$3.1B
$1.7B
Debt / Equity
HPK
HPK
UTL
UTL
Q4 25
0.75×
1.10×
Q3 25
0.73×
1.12×
Q2 25
0.62×
1.20×
Q1 25
0.63×
1.20×
Q4 24
0.65×
1.26×
Q3 24
0.67×
1.28×
Q2 24
0.70×
1.00×
Q1 24
0.73×
1.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HPK
HPK
UTL
UTL
Operating Cash FlowLast quarter
$93.1M
$21.4M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-22.5%
Capex IntensityCapex / Revenue
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
UTL
UTL
Q4 25
$93.1M
$21.4M
Q3 25
$120.2M
$15.6M
Q2 25
$141.2M
$42.2M
Q1 25
$157.1M
$52.1M
Q4 24
$139.5M
$23.3M
Q3 24
$177.1M
$26.1M
Q2 24
$202.3M
$49.9M
Q1 24
$171.4M
$26.6M
Free Cash Flow
HPK
HPK
UTL
UTL
Q4 25
$-36.3M
Q3 25
$-39.0M
Q2 25
$2.0M
Q1 25
$19.5M
Q4 24
$-32.3M
Q3 24
$-31.3M
Q2 24
$13.2M
Q1 24
$6.4M
FCF Margin
HPK
HPK
UTL
UTL
Q4 25
-22.5%
Q3 25
-38.6%
Q2 25
1.9%
Q1 25
11.4%
Q4 24
-25.3%
Q3 24
-33.7%
Q2 24
13.8%
Q1 24
3.6%
Capex Intensity
HPK
HPK
UTL
UTL
Q4 25
35.7%
Q3 25
54.0%
Q2 25
39.2%
Q1 25
19.1%
Q4 24
43.6%
Q3 24
61.8%
Q2 24
38.3%
Q1 24
11.3%
Cash Conversion
HPK
HPK
UTL
UTL
Q4 25
1.13×
Q3 25
Q2 25
5.39×
10.55×
Q1 25
4.32×
1.89×
Q4 24
15.53×
1.49×
Q3 24
3.55×
Q2 24
6.81×
11.60×
Q1 24
26.63×
0.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HPK
HPK

Crude Oil Sales$152.1M70%
Natural Gas And NGL Sales$60.8M28%

UTL
UTL

Segment breakdown not available.

Related Comparisons