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HALLIBURTON (HAL)

Earnings summaries and quarterly performance for HALLIBURTON.

Research analysts who have asked questions during HALLIBURTON earnings calls.

Arun Jayaram

JPMorgan Chase & Co.

7 questions for HAL

Also covers: APA, AR, BKR +33 more

Saurabh Pant

Bank of America

7 questions for HAL

Also covers: ACDC, AESI, BKR +10 more

Neil Mehta

Goldman Sachs

5 questions for HAL

Also covers: AESI, APA, AR +36 more

Roger Read

Wells Fargo & Company

5 questions for HAL

Also covers: APA, AR, BP +22 more

Scott Gruber

Citigroup

5 questions for HAL

Also covers: APA, BKR, BKV +24 more

Stephen Gengaro

Stifel Financial Corp.

5 questions for HAL

Also covers: ACDC, AESI, AMRC +24 more

Derek Podhaizer

Piper Sandler Companies

4 questions for HAL

Also covers: AESI, FLOC, FTI +13 more

Marc Bianchi

TD Cowen

4 questions for HAL

Also covers: BKR, FTI, GTLS +6 more

David Anderson

Barclays PLC

3 questions for HAL

Also covers: ASPN, BKR, CHX +7 more

Doug Becker

Capital One

3 questions for HAL

Also covers: BORR, GTLS, HP +3 more

James West

Evercore ISI

3 questions for HAL

Also covers: AMPS, BKR, BORR +12 more

J. David Anderson

Barclays

3 questions for HAL

Also covers: ASPN, BKR, FTI +7 more

Douglas Becker

Capital One

2 questions for HAL

Also covers: BORR, HP, NE +5 more

Keith MacKey

RBC Capital Markets

2 questions for HAL

Also covers: AESI, EFXT, HP +5 more

Kurt Hallead

The Benchmark Company

2 questions for HAL

Also covers: AESI, BKR, FTI +14 more

Derek John Podhaizer

Piper Sandler & Co.

1 question for HAL

Douglas Lee Becker

Capital One Securities

1 question for HAL

John Anderson

Barclays

1 question for HAL

Also covers: BKR, FTI, JJSF +4 more

Neil Singhvi Mehta

Goldman Sachs Group

1 question for HAL

Also covers: DINO, VLO

Stephen Gengaro

Stifel

1 question for HAL

Also covers: ACDC, BKR, BOOM +6 more

Recent press releases and 8-K filings for HAL.

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
Halliburton reports Q3 2025 results
HAL
Earnings
Share Buyback
  • Adjusted EPS of $0.58, beating estimates by $0.08, and revenue of $5.6 billion, surpassing forecasts by over $200 million despite a slight YoY decline
  • Announced a $250 million share buyback and cost-cutting measures expected to save about $100 million per quarter
  • North America segment revenue of $2.4 billion, above analyst estimates, supported by an 8-rig increase to 548 rigs
  • Adjusted net income of $496 million versus $571 million year-ago; reported net income fell to $18 million YoY
  • Maintains strong liquidity with a current ratio of 2.0, quick ratio of 1.47, debt-to-equity of 0.82, Altman Z-Score of 3.12, and Beneish M-Score of -2.66
Oct 21, 2025, 10:57 AM
Halliburton announces Q3 2025 results
HAL
Earnings
Share Buyback
  • Reported $5.6 billion in revenue, up sequentially, with a GAAP operating margin of 6% and an adjusted operating margin of 13%.
  • Posted GAAP net income of $18 million (EPS $0.02) and adjusted net income of $496 million (adjusted EPS $0.58).
  • Generated $488 million of operating cash flow and $276 million of free cash flow in the quarter.
  • Returned approximately $250 million to shareholders through share repurchases.
Oct 21, 2025, 10:53 AM
Halliburton collaborates with VoltaGrid on distributed power solutions for data centers
HAL
New Projects/Investments
  • Halliburton and VoltaGrid signed a strategic collaboration to deliver distributed power solutions for data centers worldwide, with an initial roll-out in the Middle East.
  • The partnership leverages Halliburton’s global operational footprint, local infrastructure, and regulatory expertise alongside VoltaGrid’s proprietary QPac platform and engineering capabilities.
  • The joint venture will develop and operate advanced, efficient, and sustainable power generation systems using turbines, reciprocating engines, and modular designs to meet growing data center demands.
  • The agreement underscores Halliburton’s push into sustainable energy infrastructure and gives VoltaGrid access to Halliburton’s global market presence.
Oct 20, 2025, 9:15 PM
Halliburton wins multiple 2026 deepwater contracts from Petrobras in Brazil
HAL
New Projects/Investments
  • Halliburton secured multiple 2026 contracts with Petrobras for deepwater operations in Brazil, deploying SmartWell intelligent completion technology in the Búzios field to optimize reservoir management and production.
  • The company will supply EcoStar electric tubing retrievable safety valves for the Sépia and Atapu fields to enhance safety and operational efficiency.
  • Halliburton’s Stim Star Brasil vessel is slated to deliver stimulation services aimed at improving reservoir productivity and extending field life.
  • These awards reinforce Halliburton’s dominant position in hydraulic fracturing, completions, and directional drilling, and underscore its long-term collaboration with Petrobras.
Oct 15, 2025, 1:14 PM
Halliburton enters $3.5B five-year revolving credit agreement
HAL
Debt Issuance
  • On August 18, 2025, Halliburton entered into a US$3.5 billion, five-year revolving credit agreement with Citibank, N.A. as administrative agent, maturing on August 16, 2030, for general working capital purposes.
  • The new 2025 Credit Agreement replaces and terminates Halliburton’s prior US$3.5 billion revolving credit facility dated April 27, 2022, which was ended on August 18, 2025.
  • The facility contains customary affirmative and negative covenants and events of default typical for a credit agreement of this nature.
Aug 20, 2025, 12:00 AM
Halliburton-backed DISA closes $30M Series A2 round
HAL
New Projects/Investments
  • DISA Technologies secured $30 million in Series A2 financing—$23 million primary and $7 million secondary—to advance commercial deployment of its HPSA technology.
  • The round was led by Evok Innovations with strategic investment from Constellation Technology Ventures, alongside Valor Equity Partners, Veriten, and existing support from Halliburton Labs.
  • DISA’s patented High-Pressure Slurry Ablation (HPSA) technology targets critical mineral grade improvement and recovery from mined ore, plus remediation of abandoned uranium mine waste by recycling uranium and vanadium.
  • Following a 2023 EPA Treatability Study, DISA signed an MOU with the Navajo Nation EPA for a Phase 2 commercial demonstration and had its NRC Service Providers License application accepted for review in April 2025, with a decision expected by September.
Aug 6, 2025, 5:14 PM