HighPeak Energy vs NGL Energy Partners

This page compares the business models, financial performance, and market context of HighPeak Energy (HIGHPEAK ENERGY INC) and NGL Energy Partners (NGL Energy Partners LP), presented in a neutral and accessible way to support understanding. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

HPK

Metric

NGL

$524.95M

Market Cap

$1.24B

239.58%

Potential Profit

78.22%

Hold

Analyst Rating

Buy

Investment Analysis

HighPeak Energy

HPK

Pros

HighPeak Energy has a recent track record of strong operational performance in the Permian Basin, including robust sales volumes and disciplined cost management.
The company has significantly enhanced liquidity and financial flexibility by extending credit maturities to 2028 and upsizing its term loan to $1.2 billion.
HighPeak maintains an active hedging programme, with substantial protection against commodity price volatility layered through 2027.

Considerations

Oil production declined 11% in Q2 2025 due to reduced development pace and delayed well completions, raising questions about near-term output growth.
Despite recent improvements, HighPeak’s valuation remains subdued, with the share price near 52-week lows and a 'sell' rating from some analysts.
Earnings and revenue have fallen year-on-year, reflecting both operational pressures and potential sensitivity to ongoing weak oil and gas prices.

NGL Energy Partners

NGL

Pros

NGL Energy Partners operates a diversified midstream platform with segments in crude oil logistics, water solutions, and liquids, reducing reliance on any single commodity.
The company’s infrastructure assets in key basins provide stable, fee-based cash flows, which can offer some insulation against direct commodity price swings.
NGL has demonstrated consistent distributions to unitholders, reflecting a focus on returning capital even amid challenging energy market conditions.

Considerations

NGL Energy Partners carries a relatively high debt load, which could constrain financial flexibility if cash flows face sustained pressure from market shifts or operational issues.
The partnership’s unit price recently suffered significant volatility, erasing gains and reflecting market concerns over midstream operators’ growth prospects.
NGL’s business model remains exposed to broader energy market cyclicality, particularly in crude logistics, where volume declines can quickly impact profitability.

About The Companies

HighPeak Energy (HPK)

HighPeak Energy Inc. is an independent American company engaged in the exploration and production of crude oil and natural gas. Its operations are sharply focused on the prolific Midland Basin in West Texas, a key region within the larger Permian Basin. The company's strategy involves acquiring, developing, and exploring unconventional reserves, primarily in Howard and Borden Counties. By concentrating its efforts in this high-potential area, HighPeak aims to efficiently tap into significant energy resources. For investors, HighPeak represents a specialised play on a major US oil and gas-producing region. However, like all companies in the energy sector, its performance can be closely tied to the fluctuating prices of crude oil and natural gas. As always, an asset's value can go down as well as up, and past performance is not indicative of future results.

NGL Energy Partners (NGL)

NGL Energy Partners LP is a US-based master limited partnership (MLP) operating within the energy sector. As an MLP, it's structured to pass income directly to investors, known as unitholders. The company's operations are divided into three main segments. Its Water Solutions division manages the large volumes of wastewater generated during oil and natural gas production, operating a network of pipelines and disposal facilities. The Crude Oil Logistics segment focuses on purchasing, transporting, and storing crude oil via its significant pipeline systems and terminals. Finally, the Liquids Logistics segment handles the supply operations for natural gas liquids (NGLs). By providing these essential midstream services — the link between energy production and end-users — NGL plays a key role in the North American energy infrastructure. An investment in an MLP may have different tax implications than a typical stock, which is something potential investors may wish to research.

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Comparison Snapshot