Companies /Energy

Halliburton Company

NYSE: HAL Oil & Gas Equipment & Services
$37.00
▲ $0.15 (+0.41%) today
Markets open · 2:49pm ET

Q2 2026 Earnings

Reported Jul 21, 2026, 6:53am ET · SEC source
$0.55
Beat +2.29%
EPS · est. $0.54
$5.7B
Beat +3.72%
Revenue · est. $5.5B
+5.6%
Beating market
HAL vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%Jul 21Jul 22report 6:53am ETearnings+0.5%−3.4%
−3%0+3%Jul 21Jul 22earnings+0.5%−3.4%
HAL −3.4%S&P 500 +0.5%
−3%0+3%Jul 21Jul 22report 6:53am ETearnings+0.5%−3.4%
−3%0+3%Jul 21Jul 22earnings+0.5%−3.4%
HAL −3.4%NASDAQ +0.5%
−8%−4%0+4%Jul 20Jul 29report 6:53am ETearnings−0.5%−6.7%
−8%−4%0+4%Jul 20Jul 29earnings−0.5%−6.7%
HAL −6.7%S&P 500 −0.5%
−8%−4%0+4%Jul 20Jul 29report 6:53am ETearnings−3.9%−6.7%
−8%−4%0+4%Jul 20Jul 29earnings−3.9%−6.7%
HAL −6.7%NASDAQ −3.9%
−5.47%
Day of report
−0.48%
Next session
−5.91%
One week
+7.53%
30 days

S&P 500 over the same 30 days: +1.91%.

Did HAL Beat Earnings? Q2 2026 Results

Halliburton delivered a clean beat in Q2 2026, posting adjusted earnings of $0.55 per diluted share against the $0.54 consensus estimate, a 2.29% beat, while revenue of $5.70 billion topped expectations by 3.72% and grew 3.5% year over year. The standout driver was a broad sequential acceleration across both business segments, with the Completion and Production unit, which generated $3.20 billion in revenue, up 6% from Q1, fueled by stronger stimulation activity in the Western Hemisphere and improved well intervention in Asia. Geographically, Europe and Africa emerged as the sharpest regional mover, rising 19% sequentially on North Sea momentum and new work in Namibia and Egypt, even as Middle East and Asia slipped 2% amid geopolitical disruptions in Kuwait, Iraq, and Qatar. The quarter also drew investor attention ahead of reporting, with some analysts having flagged potential sector-wide pressure from the Iran conflict. CEO Jeff Miller pointed to differentiated technology and demand growth across every international region as the foundation for continued revenue growth and margin expansion through the remainder of the year.

Key Takeaways
  • Increased stimulation activity in the Western Hemisphere
  • Improved well intervention services in Asia
  • Higher well construction activity in US Land
  • Strong Europe/Africa activity with 19% sequential growth driven by North Sea operations
  • Pre-tax credit of $95 million from equity investment gains and government refund recovery

“I am pleased with Halliburton's performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion.”

Halliburton CEO, on the earnings call

Forward Guidance & Outlook

CEO Jeff Miller expects the global outlook for Halliburton to be strong, with differentiated technology and value proposition setting the stage for revenue growth and margin expansion. He sees demand growth for services and technology in every international region Halliburton serves, and is encouraged by the recovery in North America, expecting incremental improvements through the year. The company's consistent focus on returns and capital discipline is expected to drive long-term success.

HAL YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$2.0B$4.0B$6.0B$5.5B$5.7BRevenue$727.0M$778.0MOperating Income$472.0M$534.0MNet Income
$0$2.0B$4.0B$6.0BRevenueOperating IncomeNet Income

HAL Revenue by Segment

Completion and Production$3.2B+0.0%
Drilling and Evaluation$2.5B+8.7%

HAL Revenue by Geography

North America$2.3B+0.0%
Middle East/Asia
Middle East$1.3B
Latin America$1.1B+12.6%
EMEA$1.0B
Europe/Africa

Figures from SEC filings and company reports. Not investment advice.