Sign in

You're signed outSign in or to get full access.

HALLIBURTON (HAL)

--

Earnings summaries and quarterly performance for HALLIBURTON.

Research analysts who have asked questions during HALLIBURTON earnings calls.

AJ

Arun Jayaram

JPMorgan Chase & Co.

9 questions for HAL

Also covers: APA, AR, BKR +33 more
SP

Saurabh Pant

Bank of America

9 questions for HAL

Also covers: ACDC, AESI, BKR +10 more
Neil Mehta

Neil Mehta

Goldman Sachs

7 questions for HAL

Also covers: AESI, APA, AR +36 more
SG

Scott Gruber

Citigroup

7 questions for HAL

Also covers: APA, BKR, BKV +24 more
Derek Podhaizer

Derek Podhaizer

Piper Sandler Companies

6 questions for HAL

Also covers: AESI, FLOC, FTI +13 more
MB

Marc Bianchi

TD Cowen

6 questions for HAL

Also covers: BKR, FTI, GTLS +7 more
JW

James West

Evercore ISI

5 questions for HAL

Also covers: AMPS, BKR, BORR +12 more
J. David Anderson

J. David Anderson

Barclays

5 questions for HAL

Also covers: ASPN, BKR, FTI +7 more
RR

Roger Read

Wells Fargo & Company

5 questions for HAL

Also covers: APA, AR, BP +22 more
Stephen Gengaro

Stephen Gengaro

Stifel Financial Corp.

5 questions for HAL

Also covers: ACDC, AESI, AMRC +24 more
DA

David Anderson

Barclays PLC

3 questions for HAL

Also covers: ASPN, BKR, CHX +8 more
DB

Doug Becker

Capital One

3 questions for HAL

Also covers: BORR, GTLS, HP +3 more
Stephen Gengaro

Stephen Gengaro

Stifel

3 questions for HAL

Also covers: ACDC, BKR, BOOM +6 more
DB

Douglas Becker

Capital One

2 questions for HAL

Also covers: BORR, HP, NE +5 more
KM

Keith MacKey

RBC Capital Markets

2 questions for HAL

Also covers: AESI, EFXT, HP +5 more
KH

Kurt Hallead

The Benchmark Company

2 questions for HAL

Also covers: AESI, BKR, FTI +14 more
DJ

Derek John Podhaizer

Piper Sandler & Co.

1 question for HAL

DL

Douglas Lee Becker

Capital One Securities

1 question for HAL

JA

John Anderson

Barclays

1 question for HAL

Also covers: BKR, FTI, JJSF +4 more
Neil Singhvi Mehta

Neil Singhvi Mehta

Goldman Sachs Group

1 question for HAL

Also covers: DINO, VLO

Recent press releases and 8-K filings for HAL.

Halliburton reports Q4 2025 results
HAL
Earnings
Guidance Update
Share Buyback
  • Q4 2025 revenue of $5.7 billion, adjusted operating margin of 15%, adjusted EPS of $0.69, free cash flow of $875 million, and $250 million of share repurchases in the quarter.
  • Full-year 2025 revenue of $22.2 billion, adjusted operating margin of 14%, cash flow from operations of $2.9 billion, free cash flow of $1.9 billion, and $1 billion of common stock repurchased.
  • 2026 is expected to be a year of market rebalancing: total international revenue flat to modestly up; North America revenue down high single digits versus 2025.
  • Secured manufacturing capacity for 400 MW of modular power systems in partnership with VoltaGrid, accelerating growth in the electric power business.
Jan 21, 2026, 2:00 PM
Halliburton reports Q4 and FY 2025 results
HAL
Earnings
Guidance Update
Share Buyback
  • Halliburton delivered Q4 revenue of $5.7 billion (flat QoQ), adjusted operating margin of 15%, and EPS of $0.70 (diluted; $0.69 adjusted).
  • For full-year 2025, revenue was $22.2 billion with a 14% adjusted operating margin; the company generated $2.9 billion cash from operations, $1.9 billion free cash flow, and repurchased $1 billion of stock, returning 85% of FCF to shareholders.
  • Q1 2026 guidance calls for a 7–9% sequential revenue decline in Completion & Production and 2–4% in Drilling & Evaluation, with margins down ~300 bps and 25–75 bps respectively.
  • Full-year 2026 outlook includes $1.1 billion of capital expenditures, an effective tax rate of ~21%, and expects 2026 to be a rebalancing year with stable international activity and moderate North America softness.
Jan 21, 2026, 2:00 PM
Halliburton reports Q4 2025 results
HAL
Earnings
Guidance Update
Share Buyback
  • Halliburton reported Q4 2025 revenue of $5.7 billion, flat sequentially, with 15% adjusted operating margin, $0.69 adjusted EPS, and $875 million free cash flow.
  • For full-year 2025, revenue was $22.2 billion with 14% adjusted operating margin; the company generated $2.9 billion cash from operations, $1.9 billion free cash flow, and repurchased $1 billion of stock, returning 85% of free cash flow to shareholders.
  • Regional 2025 performance: International revenue of $13.1 billion (–2% y/y) and North America revenue of $9.1 billion (–6% y/y).
  • 2026 guidance: International revenue flat to modestly up; North America down high single digits; Q1 revenues expected to decline 7–9% in Completion & Production and 2–4% in Drilling & Evaluation, with margins down ~300 bps and 25–75 bps respectively; 2026 CapEx guided at $1.1 billion.
Jan 21, 2026, 2:00 PM
Halliburton announces Q4 2025 results
HAL
Earnings
Share Buyback
Dividends
  • Revenue of $5.7 billion with an operating margin of 13% (adjusted operating margin 15%) in Q4 2025.
  • Net income of $589 million, or $0.70 per diluted share, and adjusted net income of $576 million, or $0.69 per diluted share in the quarter.
  • Cash flow from operations of $1.2 billion and free cash flow of $875 million for Q4 2025.
  • Repurchased $250 million of common stock in Q4 and $1 billion for the full year, returning 85% of free cash flow to shareholders in 2025.
Jan 21, 2026, 11:49 AM
Halliburton reports Q4 2025 results
HAL
Earnings
Share Buyback
  • Halliburton delivered Q4 net income of $589 million (EPS $0.70) and adjusted net income of $576 million (adjusted EPS $0.69).
  • Total revenue reached $5.7 billion with an operating margin of 13% and an adjusted operating margin of 15%.
  • Cash flow from operations was $1.2 billion, generating free cash flow of $875 million in the quarter.
  • For full-year 2025, the company repurchased $1 billion of shares and returned 85% of free cash flow to shareholders.
Jan 21, 2026, 11:45 AM
Halliburton Plans Rapid Venezuela Re-Entry
HAL
Earnings
New Projects/Investments
  • Halliburton aims to mobilize within weeks of securing an OFAC license and enforceable payment guarantees, leveraging retained local facilities and entity from its 2020 withdrawal.
  • The move is designed to offset weakening North American shale demand and capture broader Latin American growth, aligning with U.S. efforts to boost Venezuelan crude output.
  • Q4 adjusted EPS came in at $0.69, beating estimates by $0.15, and shares surged up to 5.4%, reaching a 17-month high.
  • Corporate risk analyses highlight the need for multi-stage regulatory compliance, due diligence and third-party audits before full re-entry.
Jan 21, 2026, 5:27 AM
Halliburton and VoltaGrid commit to 400 MW modular power for data centers
HAL
New Projects/Investments
  • Halliburton and VoltaGrid will manufacture 400 MW of modular natural gas power systems for 2028 delivery to support Eastern Hemisphere data centers.
  • Systems are designed for hyperscale data center requirements with a lower emissions profile compared to conventional diesel generation.
  • The initiative underscores Halliburton’s focus on innovative, sustainable energy solutions leveraging its global footprint and VoltaGrid’s distributed power platform.
  • CEO Jeff Miller and VoltaGrid’s Nathan Ough emphasize growing digital infrastructure demands and strategic international collaboration.
Dec 11, 2025, 10:00 PM
Halliburton signs framework agreement with Shell for umbilical-less tubing installations
HAL
New Projects/Investments
  • Halliburton will provide umbilical-less tubing hanger installation and retrieval services using its ROCS technology under a framework agreement with Shell, following a successful three-well phase in the Gulf of America.
  • The Remote Operated Control System (ROCS) reduces surface pressure risks and personnel exposure, enabling up to 75% fewer deck operations and faster run-in and pull-out procedures.
  • ROCS has been deployed in the Norwegian Continental Shelf, West Africa, and the Gulf of America, achieving the deepest umbilical-less operation to date at 8,458 ft.
  • The agreement highlights ROCS’s potential for broader adoption across deepwater rig fleets, aiming to boost safety and efficiency in complex environments.
Oct 27, 2025, 12:00 PM
Halliburton reports Q3 2025 earnings results
HAL
Earnings
Guidance Update
New Projects/Investments
  • Halliburton delivered $5.6 B in Q3 revenue with an adjusted operating margin of 13%, generated $276 M in free cash flow, repurchased $250 M of stock, and enacted cost actions expected to save $100 M per quarter
  • By region, Q3 international revenue was $3.2 B (–2% YoY) and roughly flat sequentially, while North America revenue was $2.4 B (flat YoY, +5% sequential) driven by stronger Gulf of Mexico activity
  • Q4 guidance calls for international revenue to rise 3–4% sequentially, North America revenue to fall 12–13%, Completion & Production division revenue down 4–6% with margins –25 to –75 bps, and Drilling & Evaluation revenue flat to –2% with margins +50 to +100 bps
  • For 2026, capex is reset ~30% lower to $1.0 B, non-core equipment will be idled, and the company will maintain technology investment alongside cost and capital discipline
  • Halliburton signed an agreement to partner with Voltigrid on delivering distributed power solutions for data centers outside North America, leveraging its global execution capabilities
Oct 21, 2025, 1:00 PM
Halliburton reports Q3 2025 results
HAL
Earnings
Guidance Update
Share Buyback
  • Q3 revenue $5.6 billion (+2% sequentially), adjusted operating margin 13%, adjusted EPS $0.58.
  • Completion & Production revenue $3.2 billion (+2% QoQ; margin 16%); Drilling & Evaluation revenue $2.4 billion (+2% QoQ; margin 15%).
  • Q3 free cash flow $276 million, repurchased $250 million of stock; recorded $284 million of severance/assets write-offs, expected $100 million in quarterly savings.
  • Q4 outlook: North America revenue down 12–13% sequentially; C&P revenues down 4–6% (margins −25 to −75 bps); D&E revenues flat to −2% (margins +50 to +100 bps).
Oct 21, 2025, 1:00 PM