earnings
confidence high
sentiment positive
materiality 0.72
Halliburton Q3 2026: adjusted EPS $0.60, revenue $5.7B flat q/q; guides 2027 operating margin ~15%
HALLIBURTON CO
- Net income $417M ($0.50 per diluted share); adjusted net income $501M ($0.60), up from Q2's $0.55 adjusted and $0.64 GAAP; adjusted EBITDA $1.0B vs $948M in Q2.
- Revenue $5.7B, flat sequentially; operating income $624M (10.9% margin), adjusted operating income $731M (12.8%) after $107M pre-tax impairments and other charges.
- Drilling & Evaluation revenue $2.6B (+4% q/q), operating income $391M (+16%); Completion & Production revenue $3.1B (-4%) on lower Western Hemisphere stimulation activity.
- Middle East/Asia revenue $1.4B (+8% q/q) on Saudi Arabia and Kuwait; North America $2.2B (-5%) on weaker U.S. Land pressure pumping; international $3.5B (+3%).
- 2027 outlook: mid-single-digit revenue growth and ~15% operating margin (~200bp gain), assuming flat North America with no frac recovery; $250M buybacks, $0.17 dividend, FCF $156M.