Halliburton Company (HAL) Q3 2026 Earnings
GAAP EPS of $0.50 includes $107 million pre-tax charge for severance costs from global headcount rationalization and $25 million inventory write-downs, partially offset by $36 million gain from sale of equity investment shares
How Did HAL Stock React to Q3 2026 Earnings?
Did HAL Beat Earnings? Q3 2026 Results
Yes. Halliburton Company reported Q3 2026 earnings of $0.60 a share on Oct 20, 2026, beating the $0.59 consensus estimate by 2.6%. Revenue was $5.7B against a $5.6B estimate.
Halliburton posted a clean beat across the board in Q3 2026, extending its streak of beating consensus EPS estimates to four consecutive quarters as the oilfield services giant navigated a mixed demand environment with improving profitability. Adjusted EPS came in at $0.60, ahead of the $0.58 consensus by 2.56%, while revenue of $5.70 billion beat estimates by 2.18% and grew 1.8% year over year. The key driver was a sharp sequential improvement in adjusted operating income, which climbed to $731.00 million from $683.00 million in Q2, lifting adjusted EBITDA to $1.00 billion for the quarter. Geographically, international strength carried the results, with Middle East/Asia revenue rising 8% sequentially to $1.40 billion on stronger activity in Saudi Arabia and Kuwait, offsetting a 5% sequential decline in North America tied to softer U.S. Land pressure pumping. GAAP EPS of $0.50 reflected $107.00 million in severance charges from a global headcount rationalization. Looking ahead, CEO Jeff Miller outlined an early 2027 target of mid-single digit revenue growth and operating margins near 15%, with any North America recovery representing pure upside to that base case.
- Increased activity across multiple product service lines in the Middle East, particularly Saudi Arabia and Kuwait
- Improved drilling-related services in the Western Hemisphere
- Increased activity across multiple product service lines in Mexico
- Lower stimulation activity in the Western Hemisphere weighed on Completion and Production
- Lower pressure pumping services in U.S. Land pressured North America revenue
“I am pleased with Halliburton's third quarter results. Our revenue exceeded our expectations, and we took important steps towards improving our margins.”
Halliburton Company CEO, on the earnings call
What Is Halliburton Company's Outlook?
CEO Jeff Miller provided an early 2027 outlook calling for mid-single digit revenue growth and operating margins of approximately 15%, representing roughly 200 basis points of improvement over current levels. This outlook assumes a flat North America market and does not require any recovery in North America hydraulic fracturing, which the company views as purely upside. Miller expects multi-year demand growth for oilfield services driven by the need to restore production, rebuild inventories, and strengthen energy security following what he characterized as one of the largest energy disruptions in history.
HAL YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $5.7B | $5.6B | +1.8% |
| Operating Income | $624.0M | $748.0M | −16.6% |
| Net Income | $417.0M | $18.0M | +2,216.7% |
HAL Revenue by Segment
HAL Revenue by Geography
When Does Halliburton Company Report Next?
Figures from SEC filings and company reports. Not investment advice.