Halliburton Company: Beat — EPS $0.60, Revenue $5.7B
Earnings BeatQ3 2026 · Pre-market
@trystockwhiz
Did Halliburton Company (HAL) beat earnings today?
Yes, Halliburton Company (HAL) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+3.45% surprise
$0.60Actual
Expected: $0.58
vs. year ago +3.4%
Total Revenue+2.24% surprise
$5.7BActual
Expected: $5.58B
vs. year ago +1.8%
Released Oct 20 · 6:45 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $5.70B | $5.60B | +1.8% |
| Revenue detail — reported lines | |||
| └─Completion and Production | $3.09B | $3.22B | -4.2% |
| └─Drilling and Evaluation | $2.61B | $2.38B | +10.0% |
| └─North America | $2.16B | $2.36B | -8.6% |
| └─Latin America | $1.12B | $996.00M | +12.7% |
| └─Europe/Africa/CIS | $1.02B | $828.00M | +22.7% |
| └─Middle East/Asia | $1.41B | $1.41B | -0.5% |
| Net Income | $419.00M | $20.00M | +1995.0% |
| Basic and diluted EPS | $0.50 | $0.02 | +2400.0% |
| Adjusted diluted EPS | $0.60 | $0.58 | +3.4% |
Business Highlights
- ➤Secured Eni integrated well construction and completions contract for Cyprus’ Cronos ultra-deepwater development.
- ➤Received bp integrated drilling-services contract for the Bumerangue appraisal campaign offshore Brazil.
- ➤Signed MOUs with Eneva and WESCA for Venezuelan oil-and-gas development opportunities.
- ➤Deployed LOGIX™ automation and remote operations on an Eni deepwater exploration well offshore Indonesia.
- ➤Entered a multiyear agreement with Pampa Energía for digital transformation in Vaca Muerta.
- ➤Won a multiyear Kuwait Oil Company agreement supporting Ahmadi Innovation Valley.
- ➤Halliburton Labs added Electroflow, Osmoses, and SiTration to its collaborative ecosystem.
- ➤Repurchased approximately $250M of common stock during the quarter.
- ➤Paid quarterly dividends of $0.17 per share.
Management Commentary
Jeff Miller, Chairman, President and CEO
“I am pleased with Halliburton’s third quarter results. Our revenue exceeded our expectations, and we took important steps towards improving our margins.”
Jeff Miller, Chairman, President and CEO
“We are another three months into one of the largest energy disruptions in history. I expect the work to restore production, rebuild inventories and strengthen energy security will drive multi-year demand growth for oilfield services.”
Jeff Miller, Chairman, President and CEO
“Based on our early outlook for 2027, I expect mid-single digit revenue growth and operating margins of about 15%, an approximately 200 basis point improvement. This outlook assumes a flat North America market and does not require any recovery in North America hydraulic fracturing. To us, that recovery is purely upside.”