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Seadrill vs HighPeak Energy: SDRL and HPK compared
Seadrill is the larger company: $428M of revenue in its latest quarter (Q3 2026) against $272M for HighPeak Energy (Q2 2026). HighPeak Energy is growing faster (+26% against +18% a year earlier). HighPeak Energy is more profitable, with an operating margin of 29.5% against 10.3%.
Where the money goes: SDRL and HPK
Seadrill (SDRL) · Q3 2026
Seadrill, Q3 2026: revenue $428M (+18% year over year), operating margin 10.3%, net loss $30.0M, operating cash flow $195M. 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.
| Seadrill (SDRL) | HighPeak Energy (HPK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $428M | $272M |
| Revenue growth, Y/Y | +18% | +26% |
| Operating margin | 10.3% | 29.5% |
| Net earnings | −$30.0M | $82.3M |
| Net margin | -7.0% | 30.2% |
| Operating cash flow | $195M | $126M |
| Free cash flow | $179M | $18.8M |
| Market value | $2.7B | — |
| Analysts’ mean target | $54.00 | — |
Where the revenue comes from
HighPeak Energy
- Crude Oil Sales: $260M (96%)
- Natural Gas and NGL Sales: $12.1M (4%)
Questions
Which is bigger, Seadrill or HighPeak Energy?
Seadrill is the larger company: $428M of revenue in its latest quarter (Q3 2026) against $272M for HighPeak Energy (Q2 2026).
Is Seadrill or HighPeak Energy growing faster?
HighPeak Energy is growing faster (+26% against +18% a year earlier).
Which is more profitable, Seadrill or HighPeak Energy?
HighPeak Energy is more profitable, with an operating margin of 29.5% against 10.3%.
More: Seadrill earnings · how Seadrill makes money · HighPeak Energy earnings · how HighPeak Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.