Halliburton (NYSE:HAL) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Halliburton (NYSE:HAL) released its quarterly earnings data on Tuesday. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02, FiscalAI reports. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.58 billion. During the same quarter last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year.

Here are the key takeaways from Halliburton’s conference call:

• Halliburton reported third-quarter revenue of $5.7 billion and adjusted operating margins of 12.8%, with international revenue up 9% year over year to $3.5 billion. The company also repurchased approximately $250 million of stock.
• Management’s early 2027 outlook calls for mid-single-digit revenue growth and operating margins of about 15%, or roughly 200 basis points of expansion, even assuming North America and Middle East activity remains flat.
• International growth engines—including production services, drilling, unconventional operations, and artificial lift—are tracking toward $3 billion of incremental annual revenue by 2028. Argentina, Saudi Arabia, Venezuela, offshore projects, and other Latin American markets were highlighted as major opportunities.
• North America revenue declined 9% year over year, as hydraulic fracturing activity recovered more slowly than expected and crew moves caused additional downtime. Although management cited improving pricing and tightening capacity, the 2027 outlook does not assume a North American frac recovery.
• Fourth-quarter revenue is expected to remain approximately flat at $5.7 billion, while operating margins improve by about 70 basis points and adjusted EPS reaches approximately $0.62–$0.64. Free cash flow is also expected to increase sequentially in Q4 and improve further in 2027.

Halliburton Price Performance

Halliburton stock opened at $33.66 on Wednesday. The firm has a 50-day moving average price of $34.21 and a 200-day moving average price of $36.08. The firm has a market capitalization of $28.04 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.83. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. Halliburton has a 12-month low of $24.12 and a 12-month high of $43.59.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, September 2nd. Halliburton’s dividend payout ratio (DPR) is 35.60%.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of research reports. TD Cowen restated a “buy” rating on shares of Halliburton in a research report on Tuesday. Argus decreased their price target on shares of Halliburton from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Jefferies Financial Group reissued a “buy” rating on shares of Halliburton in a report on Wednesday. Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler cut their price objective on Halliburton from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.05.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Halliburton reported adjusted earnings of $0.60 per share versus the $0.58 consensus estimate, while revenue increased 1.8% year over year to $5.70 billion, above the $5.58 billion forecast. Halliburton tops third-quarter profit estimates on international oilfield demand
• Positive Sentiment: International operations drove the outperformance. International revenue rose 3% sequentially to approximately $3.5 billion, offsetting a 5% decline in North American revenue. Deepwater contracts, Middle East activity and drilling strength supported the results. Halliburton: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management offered a constructive 2027 outlook. Halliburton expects mid-single-digit revenue growth and approximately 15% operating margins in 2027—about a two-percentage-point improvement—even assuming a flat North American market and no meaningful hydraulic-fracturing recovery. The company also repurchased roughly $250 million of stock and maintained its dividend. Halliburton targets 15% operating margin as 2027 growth outlook strengthens
• Neutral Sentiment: Middle East developments create both opportunity and risk. Management sees potentially prolonged demand from regional rebuilding, but warned that conflict could cause a major oil-supply disruption, increasing commodity-market volatility and uncertainty for customers. Halliburton Sees Years of Growth as Mideast Rebuilds
• Negative Sentiment: North America and profitability remain watchpoints. Total operating income declined sequentially, Completion and Production revenue fell 4%, and reported results included a $107 million pre-tax impairment-related charge. Recent reports also noted insider selling, while Piper Sandler and BMO Capital modestly lowered their price targets despite retaining favorable ratings. Halliburton Posts $5.7 Billion Third-Quarter Revenue and $419 Million Net Income

Insider Activity at Halliburton

In related news, COO Jeffrey Slocum sold 52,572 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the transaction, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

About Halliburton

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.