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Valaris vs HighPeak Energy: VAL and HPK compared
Valaris is the larger company: $594M of revenue in its latest quarter (Q3 2026) against $272M for HighPeak Energy (Q2 2026). HighPeak Energy is growing faster (+26% against -0.4% a year earlier). HighPeak Energy is more profitable, with an operating margin of 29.5% against 13.7%.
Where the money goes: VAL and HPK
Valaris (VAL) · Q3 2026
Valaris, Q3 2026: revenue $594M (-0.4% year over year), operating margin 13.7%, net earnings $46.1M, operating cash flow $67.2M. 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.
| Valaris (VAL) | HighPeak Energy (HPK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $594M | $272M |
| Revenue growth, Y/Y | -0.4% | +26% |
| Operating margin | 13.7% | 29.5% |
| Net earnings | $46.1M | $82.3M |
| Net margin | 7.8% | 30.2% |
| Operating cash flow | $67.2M | $126M |
| Free cash flow | — | $18.8M |
| Market value | $5.6B | — |
| P/E | 7.1× | — |
| Analysts’ mean target | $69.71 | — |
Where the revenue comes from
HighPeak Energy
- Crude Oil Sales: $260M (96%)
- Natural Gas and NGL Sales: $12.1M (4%)
Questions
Which is bigger, Valaris or HighPeak Energy?
Valaris is the larger company: $594M of revenue in its latest quarter (Q3 2026) against $272M for HighPeak Energy (Q2 2026).
Is Valaris or HighPeak Energy growing faster?
HighPeak Energy is growing faster (+26% against -0.4% a year earlier).
Which is more profitable, Valaris or HighPeak Energy?
HighPeak Energy is more profitable, with an operating margin of 29.5% against 13.7%.
More: Valaris earnings · how Valaris 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 3, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.