Halliburton Reports Q3 2026 Results: Adjusted EPS of $0.60, Revenue of $5.7B

Halliburton Company (NYSE: HAL) Q3 2026 Earnings Overview

Key Financial Highlights

• Revenue: Total revenue was $5.7 billion, flat compared to Q2 2026.
• Net Income & EPS: Net income attributable to the company was $417 million ($0.50 per diluted share). Adjusted net income (excluding impairments and other charges) was $501 million ($0.60 per diluted share), up from $461 million ($0.55 per diluted share) in Q2 2026.
• Operating Income & Margins: Operating income reached $624 million (10.9% margin). Adjusted operating income rose to $731 million (12.8% margin), an increase compared to $683 million in Q2 2026.
• Adjusted EBITDA: Stood at $1.0 billion versus $948 million in Q2 2026.
• Cash Flow & Capital Allocation: Generated $368 million in cash flow from operations and $156 million in free cash flow. Halliburton executed approximately $250 million in share repurchases during the quarter.

Segment Performance

• Completion and Production (C&P): Revenue decreased 4% sequentially to $3.1 billion with operating income of $457 million (down 4%), primarily impacted by softer stimulation activity in the Western Hemisphere, partially mitigated by Middle East activity.
• Drilling and Evaluation (D&E): Revenue grew 4% sequentially to $2.6 billion, with operating income increasing 16% to $391 million, driven by strength in the Middle East, Latin America, and drilling-related services in the Western Hemisphere.

Geographic Highlights

• North America: Revenue fell 5% sequentially to $2.2 billion, driven by reduced pressure pumping activity in U.S. Land.
• International: Generated $3.5 billion in revenue, showing resilience across key Middle East and Latin American markets.

Forward Outlook

• Management provided an early 2027 outlook forecasting mid-single-digit revenue growth and operating margins expanding to approximately 15% (~200 bps improvement), assuming a flat North American market without relying on a hydraulic fracturing rebound.