Results
Net income of $0.50 per diluted share and adjusted net income per diluted
share 1 of $0.60 .
Revenue of $5.7 billion , operating margin of 10.9% , and a djusted operating
margin 2 of 12.8% .
Cash flow from operations of $368 million and free cash flow 3 of $156 million .
Capital return
Approximately $250 million of share repurchases.
Results
HOUSTON – October 20, 2026 – Halliburton Company (NYSE: HAL) announced today net
income attributable to company of $417 million , or $0.50 per diluted share, for the third
quarter of 2026 and adjusted net income attributable to company 4 , excluding i mpairments
and other charges and tax adjustments , of $501 million , or $0.60 per diluted share.
This
compares to net income attributable to company for the second quarter of 2026 of $534
million , or $0.64 per diluted share, and adjusted net income attributable to company ,
excluding impairments and other credits and tax adjustments, of $461 million , or $0.55 per
diluted share.
Adjusted EBITDA 5 , which excludes impairments and other charges, was $1.0 billion in the
third quarter of 2026 , compared to adjusted EBITDA of $948 million in the second quarter of
2Halliburton’s total revenue for the third quarter of 2026 was $5.7 billion , flat when compared
to total revenue in the second quarter of 2026 .
Operating income was $624 million in the
third quarter of 2026 , compared to operating income of $778 million in the second quarter of
A djusted operating income 6 in the third quarter of 2026 , excluding impairments and
other charges, was $731 million , compared to adjusted operating income of $683 million in
the second quarter of 2026 .
Management commentary
“I am pleased with Halliburton’s third quarter results.
Our revenue exceeded our
expectations, and we took important steps towards improving our margins.” commented Jeff
“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,
Outlook
6“Based on our early outlook for 2027, I expect mid-single digit revenue growth and operating
1margins 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
Management commentary
hydraulic fracturing.
To us, that recovery is purely upside,” concluded Miller.
Operating Segments
Results
Completion and Production
7Completion and Production revenue in the third quarter of 2026 was $3.1 billion , a decrease
of $113 million , or 4% sequentially, while operating income was $457 million , a decrease of
$17 million , or 4% sequentially .
These decreases were primarily driven by lower stimulation
activity in the Western Hemisphere and were partially offset by increased activity across
Management commentary
multiple product service lines in the Middle East.
Results
Drilling and Evaluation
Drilling and Evaluation revenue in the third quarter of 2026 was $2.6 billion , an increase of
$102 million , or 4% sequentially, while operating income was $391 million , an increase of
$53 million , or 16% sequentially .
These increases were primarily driven by improved activity
across multiple product service lines in the Middle East and Latin America , and increased
drilling related services in the Western Hemisphere.
Partially offsetting these increases was
Management commentary
lower testing services i nternationally.
Results
Geographic Regions
North America
5North America revenue in the third quarter of 2026 was $2.2 billion , a decrease of 5%
sequentially .
This decrease was primarily driven by lower pressure pumping services in U.S.
International
8International revenue in the third quarter of 2026 was $3.5 billion , an increase of 3%
sequentially.
3Latin America revenue in the third quarter of 2026 was $1.1 billion , flat sequentially .
These
results were primarily driven by decreased stimulation activity in Argentina, offset by
Management commentary
increased activity across multiple product service lines in Mexico.
Results
4Europe/Africa revenue in the third quarter of 2026 was $1.0 billion , flat sequentially .
These
results were primarily driven by decreased well construction activity in Namibia, offset by
Management commentary
increased activity across multiple product service lines in Nigeria.
Results
Middle East/Asia revenue in the third quarter of 2026 was $1.4 billion , an increase of 8%
sequentially .
These results were primarily driven by higher activity across multiple product
Management commentary
service lines in Saudi Arabia and Kuwait.
Results
Other Financial Items
During the third quarter of 2026 , Halliburton:
Capital return
Repurchased approximately $250 million of its common stock.
Paid dividends of $0.17 per share.
Results
Spent $42 million on SAP S4 migration.
Recognized a pre-tax charge of $107 million related to impairments and other
charges.
Management commentary
Selective Technology & Highlights
Corporate events
Halliburton announced it secured an integrated well construction and completions
contract from Eni for the Cronos ultra-deepwater development in Block 6 of the
Cyprus Exclusive Economic Zone.
The award strengthens Halliburton’s offshore
Management commentary
portfolio in the Eastern Mediterranean and expands the company’s role in the region’s
Corporate events
strategic natural gas development.
Under the contract, Halliburton will deliver
Management commentary
exploration and development wells.
The bundled scope reduces operational
interfaces, improves execution certainty, and supports efficient delivery for a multi-
year ultra-deepwater development.
Corporate events
Halliburton announced it received an integrated contract by bp for the first appraisal
campaign in the Bumerangue field, offshore deepwater Brazil.
The award includes a
comprehensive suite of services to fast-track the appraisal campaign for bp’s
discovery.
The contract includes an integrated package of drilling services to optimize
Management commentary
reservoir evaluation and improve operational efficiency.
The scope draws on
Halliburton’s drilling and evaluation portfolio to deliver an integrated execution model
for the drilling appraisal program.
Halliburton reduces operational complexity through
consolidation of multiple services.
LOGIX™ automation and remote operations will be
deployed to improve execution efficiency and consistency.
Corporate events
Halliburton announced the signing of memorandums of understanding with Eneva
Management commentary
and WESCA to support energy development opportunities in Venezuela and help
customers advance projects in the country's oil and gas sector.
With nearly nine
through strategically located bases in the country and by established operational
capabilities and local expertise.
Halliburton and Eneva, one of Brazil’s leading
Corporate events
will collaborate to identify and pursue development opportunities in Venezuela.
The
agreement builds on the companies' existing relationship in Brazil.
Halliburton announced the successful deployment of LOGIX™ automation and
remote operations on a deepwater exploration well with Eni offshore Indonesia.
The
Management commentary
operation marks a series of industry and regional firsts that advance closed loop
drilling automation and demonstrate performance at scale in complex offshore
Corporate events
Halliburton has entered into a multiyear agreement with Pampa Energía to support
Management commentary
the digital transformation of its unconventional operations in Vaca Muerta, one of the
world’s most significant shale plays.
As regional development accelerates, the
agreement supports Pampa Energía’s strategy to scale efficiently, strengthen
decision-making, and deliver consistent execution within subsurface and operations
Corporate events
Halliburton was awarded a multiyear agreement by Kuwait Oil Company (KOC) to
Management commentary
support the development of the Ahmadi Innovation Valley, a flagship initiative that
advances Kuwait’s energy sector transformation.
The research and development
center will support KOC to deliver solutions in brownfield, greenfield, and
unconventional fields, address higher operational complexity, and build technology
designed for Kuwait’s upstream challenges.
The center embeds applied research as
a permanent capability from concept through prototyping, piloting, and
commercialization.
Corporate events
Halliburton Labs announced the addition of three companies to its collaborative
Management commentary
ecosystem: Electroflow, Osmoses, and SiTration.
The selected ventures develop
breakthrough technologies that address critical challenges in battery materials,
resource recovery, and gas separations.
These companies confront the material and
process bottlenecks that stand between today’s energy system and tomorrow's
opportunities.
Halliburton Labs collaborates with early-stage, hard-tech ventures to
scale innovative technologies through industry expertise, world-class facilities, and a
global network of industrial and investment partners.
11 boilerplate lines (safe-harbor disclaimer, contacts, call details) are set aside.