Halliburton Q3 revenue expands to $5.7 billion
- Halliburton reported third-quarter 2026 revenue of $5.7 billion and adjusted earnings of $0.60 per share, exceeding analysts' estimates of $0.58 per share and $5.58 billion in revenue.
- GAAP net income declined sequentially to $417 million, while adjusted net income increased to $501 million; operating cash flow reached $368 million and free cash flow totaled $156 million.
- Halliburton expects mid-single-digit revenue growth and operating margins of approximately 15% in 2027, supported by international oilfield activity and expected demand for energy infrastructure restoration.
Halliburton (NYSE:HAL) reported third-quarter 2026 revenue of $5.7 billion, exceeding analyst expectations, while adjusted earnings reached $0.60 per diluted share.
GAAP net income declined to $417 million from $534 million sequentially, although adjusted net income increased to $501 million from $461 million.
Operating income totaled $624 million, while adjusted operating income reached $731 million, producing reported and adjusted operating margins of 10.9% and 12.8%, respectively.
Halliburton expects mid-single-digit revenue growth and operating margins around 15% in 2027, assuming stable North American activity without a hydraulic fracturing recovery.
The company generated $368 million in operating cash flow and $156 million in free cash flow while repurchasing approximately $250 million of shares.
International revenue reached approximately $3.5 billion, supported by increased Middle East activity, while North American revenue declined sequentially amid weaker U.S. pressure pumping demand.
