The high-rate contact stabilization (HiCS) process, a variant of high-rate activated sludge, has gained attention for its superior energy recovery and enhanced biosorption capabilities. The need for efficient energy recovery in HiCS necessitates a high settling efficiency to minimize resource loss due to endogenous sludge consumption. However, the low sludge retention time (SRT) required for HiCS can significantly affect sludge floc stability and flocculation performance, warranting a deeper analysis of the factors influencing these characteristics. This study investigates the impact of SRT reduction on sludge performance, focusing on energy potential, viscoelasticity, and critical pressure. The analysis was conducted using rheological tests, contact angle measurements, zeta potential analysis, Fourier transform infrared spectroscopy, XDLVO theory, and the PARAFAC model. Results indicate that due to the contribution of hydrophobicity, the HiCS system maintained the large flocs morphology of the sludge even when the SRT was maintained for 2d. However, a combination of aerobic microbial activity, high concentrations of loosely bound extracellular polymeric substances, and the presence of the filamentous bacterium Thiothrix contributed to reduced flocculation performance.