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Noble vs HighPeak Energy: NE and HPK compared
Noble is the larger company: $729M of revenue in its latest quarter (Q3 2026) against $272M for HighPeak Energy (Q2 2026). HighPeak Energy is growing faster (+26% against -9% a year earlier). HighPeak Energy is more profitable, with an operating margin of 29.5% against 8.2%.
Where the money goes: NE and HPK
Noble (NE) · Q3 2026
Noble, Q3 2026: revenue $729M (-9% year over year), operating margin 8.2%, net loss $117M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
HighPeak Energy (HPK) · Q2 2026
HighPeak Energy, Q2 2026: revenue $272M (+26% year over year), operating margin 29.5%, net earnings $82.3M, operating cash flow $126M. The chart follows the revenue to costs, profit and cash.
| Noble (NE) | HighPeak Energy (HPK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $729M | $272M |
| Revenue growth, Y/Y | -9% | +26% |
| Operating margin | 8.2% | 29.5% |
| Net earnings | −$117M | $82.3M |
| Net margin | -16.1% | 30.2% |
| Operating cash flow | $144M | $126M |
| Free cash flow | — | $18.8M |
| Market value | $6.5B | — |
| P/E | 123.8× | — |
| Analysts’ mean target | $47.17 | — |
Where the revenue comes from
Noble
- Oil and Gas Service: $684M (94%)
- Service, Other: $45.1M (6%)
HighPeak Energy
- Crude Oil Sales: $260M (96%)
- Natural Gas and NGL Sales: $12.1M (4%)
Questions
Which is bigger, Noble or HighPeak Energy?
Noble is the larger company: $729M of revenue in its latest quarter (Q3 2026) against $272M for HighPeak Energy (Q2 2026).
Is Noble or HighPeak Energy growing faster?
HighPeak Energy is growing faster (+26% against -9% a year earlier).
Which is more profitable, Noble or HighPeak Energy?
HighPeak Energy is more profitable, with an operating margin of 29.5% against 8.2%.
More: Noble earnings · how Noble makes money · HighPeak Energy earnings · how HighPeak Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.