Halliburton (NYSE:HAL) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Halliburton (NYSE:HAL) posted its quarterly earnings results on Tuesday. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06, FiscalAI reports. The company had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS.

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

• Halliburton expects meaningful near-term disruption from the Middle East conflict, with logistics and fuel cost inflation and a built‑in Q2 EPS headwind of $0.07–$0.09 (Q1 was ~$0.02–$0.03), and recovery timing remains uncertain.
• Q1 results showed resilience with $5.4B revenue, 13% operating margin, $273M cash from operations and $123M free cash flow, plus a $100M buyback and management saying repurchases will accelerate in Q2/H2.
• North America is showing early signs of recovery—Q2 “white space” has largely filled, spot demand and premium equipment tightening are emerging, and Halliburton will prioritize returns while scaling Zeus IQ and iCruise technology.
• Outside the Middle East the international business is gaining momentum (Latin America +22% YoY) highlighted by a multi‑billion YPF award in Argentina and offshore wins in Guyana/Suriname, supporting mid‑ to high‑single‑digit full‑year growth ex‑ME.
• Halliburton is expanding its technology edge via the Sekal acquisition (rig automation enabling closed‑loop geosteering), broader deployment of electrified Zeus fleets and a developing VoltaGrid pipeline (~400 MW of interest), which could drive differentiated, higher‑value work.

Halliburton Stock Up 4.1%

Shares of NYSE HAL opened at $38.20 on Wednesday. Halliburton has a 52 week low of $19.22 and a 52 week high of $41.18. The business has a 50-day simple moving average of $36.42 and a two-hundred day simple moving average of $31.29. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The company has a market cap of $31.90 billion, a P/E ratio of 25.30, a P/E/G ratio of 1.63 and a beta of 0.68.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.68 annualized dividend and a yield of 1.8%. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

Insiders Place Their Bets

In other Halliburton news, CEO Jeffrey Allen Miller sold 171,200 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $34.96, for a total value of $5,985,152.00. Following the completion of the transaction, the chief executive officer owned 1,101,243 shares in the company, valued at $38,499,455.28. This trade represents a 13.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy Mckeon sold 3,846 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $34.37, for a total value of $132,187.02. Following the completion of the transaction, the vice president owned 81,631 shares of the company’s stock, valued at approximately $2,805,657.47. This represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 415,508 shares of company stock worth $15,291,882 over the last quarter. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings in shares of Halliburton by 85.5% during the 2nd quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock valued at $175,490,000 after buying an additional 3,969,759 shares in the last quarter. Caisse de depot et placement du Quebec raised its holdings in shares of Halliburton by 163.8% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 4,992,111 shares of the oilfield services company’s stock valued at $122,806,000 after buying an additional 3,100,037 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Halliburton by 119.2% during the 3rd quarter. Franklin Resources Inc. now owns 4,488,547 shares of the oilfield services company’s stock valued at $110,418,000 after buying an additional 2,440,675 shares in the last quarter. Morgan Stanley raised its holdings in shares of Halliburton by 14.0% during the 4th quarter. Morgan Stanley now owns 15,806,168 shares of the oilfield services company’s stock valued at $446,682,000 after buying an additional 1,943,845 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Halliburton by 40.8% during the 4th quarter. Schroder Investment Management Group now owns 5,328,496 shares of the oilfield services company’s stock valued at $150,583,000 after buying an additional 1,543,883 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the subject of several research reports. Zephirin Group downgraded Halliburton from a “buy” rating to a “hold” rating and cut their price target for the stock from $30.00 to $28.00 in a research note on Friday, January 23rd. The Goldman Sachs Group increased their price target on Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. UBS Group increased their price target on Halliburton from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. increased their price target on Halliburton from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Finally, Griffin Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus price target of $38.59.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q1 beat — HAL reported EPS of $0.55 and revenue of $5.4B, both above Street estimates, driving the immediate market reaction. Halliburton Announces First Quarter 2026 Results
• Positive Sentiment: International strength lifted results — Latin America and Europe/Africa showed solid growth and helped offset softer pockets (including parts of the Middle East), supporting margins and profit growth. Halliburton posts higher first-quarter profit
• Positive Sentiment: Early signs of a North America recovery — management said U.S. activity appears to be bottoming and a drilling ramp‑up could be coming, which would be a positive demand catalyst for oilfield services. Halliburton Sees Signs of an Oil Rebound in North America
• Positive Sentiment: Cash generation and shareholder returns — the quarter produced operating cash flow and positive free cash flow, with roughly $100M of buybacks and a $0.17/share dividend, supporting valuation and investor confidence. Halliburton Q1 Earnings and Revenues Beat Estimates, Both down Y/Y
• Neutral Sentiment: Analyst sentiment tilted positive — consensus recommendation recently reported as “Moderate Buy” and some firms raised price targets ahead of/after results, which can support the rally but also reflects expectations already priced in. Halliburton Company (NYSE:HAL) Given Consensus Recommendation of “Moderate Buy” by Analysts
• Neutral Sentiment: Sector ripple effects — other oilfield services names (RPC/RES, ProPetro/PUMP, NOV) have moved higher on the back of HAL’s beat, highlighting industry‑wide sentiment but not adding company‑specific fundamentals. Why RPC (RES) Stock Is Trading Up Today Why ProPetro (PUMP) Stock Is Trading Up Today
• Negative Sentiment: Geopolitical headwinds remain — HAL flagged a Q2 hit from the Middle East conflict of roughly $0.07–$0.09/share and noted some regional activity disruptions, which add near‑term earnings risk. Halliburton outlines Q2 conflict impact of $0.07 to $0.09 per share while holding 2026 capex at
• Negative Sentiment: Operational/market uncertainties — management is discussing commercial terms for Venezuela operations and the company still faces softer year‑over‑year revenue in some segments; plus recent insider selling noted in public filings could concern some investors. Oilfield service firm Halliburton is discussing commercial terms with customers for Venezuela operations QuiverQuant: Halliburton rises on Q1 earnings beat, steady margins, and stronger international results

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.