HighPeak Energy, Inc. HPK Aidinconstruction Receivables — Contract With Customer Asset Net
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Where this comes from
Reported directly by HighPeak Energy, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNet.
The source filing: HighPeak Energy, Inc.’s 10-Q, filed August 10, 2026.
- Filed
- Aug 10, 2026, 4:18 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001437749-26-026781
Aid-in-construction assets. As of June 30, 2026 and December 31, 2025, the Company had aid-in-construction assets totaling $14.7 million and $15.2 million, respectively, included in other noncurrent assets. The Company funded aid-in-construction projects during the six months ended June 30, 2026 and 2025 of zero and $71,000, respectively, under the contract. The Company has received and will continue to receive payments based on gross system throughput, including any third-party natural gas that is potentially tied into the Flat Top gathering system in the future. Payments received during the six months ended June 30, 2026 and 2025 were approximately $531,000 and $878,000, respectively. The contract calls for future additional aid-in-construction fundings if expansions of the system are necessary as determined in the sole discretion of the Company.
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
FAQ
- What is HighPeak Energy, Inc.'s aidinconstruction receivables — contract with customer asset net?
- HighPeak Energy, Inc. (HPK) reported aidinconstruction receivables — contract with customer asset net of $14.7M in Q2 2026.
- How has HighPeak Energy, Inc.'s aidinconstruction receivables — contract with customer asset net changed year-over-year?
- HighPeak Energy, Inc.'s aidinconstruction receivables — contract with customer asset net decreased by 14.5% year-over-year, from $17.2M to $14.7M.
- What does aidinconstruction receivables — contract with customer asset net mean?
- This metric represents the net value of contract assets recognized when the company has satisfied performance obligations in the oil and gas development process but has not yet reached the unconditional right to payment. It reflects accrued revenue for services or production delivered that are pending formal billing or contractual milestones. Monitoring this balance helps investors assess the timing of cash inflows relative to operational progress in the Midland Basin.
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