Halliburton (NYSE:HAL) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Halliburton (NYSE:HAL) posted its quarterly earnings results on Tuesday. The oilfield services company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02, FiscalAI reports. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.58 billion. During the same period last year, the firm earned $0.58 earnings per share. Halliburton’s quarterly revenue was up 1.8% on a year-over-year basis.

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 Stock Up 1.1%

HAL opened at $33.96 on Thursday. The business’s 50-day simple moving average is $34.22 and its 200-day simple moving average is $36.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.50 and a current ratio of 2.02. Halliburton has a one year low of $24.92 and a one year high of $43.59. The stock has a market capitalization of $28.29 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83.

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 given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s payout ratio is 35.60%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wolfe Research started coverage on Halliburton in a report on Wednesday, July 8th. They set a “peer perform” rating for the company. UBS Group increased their price objective on Halliburton from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a research report on Friday, October 2nd. Royal Bank Of Canada raised their target price on Halliburton from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Argus decreased their target price on Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $44.10.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q3 earnings beat expectations: Adjusted EPS was $0.60 versus the $0.58 consensus, while revenue rose 1.8% year over year to $5.70 billion, exceeding estimates of $5.58 billion. The beat was driven primarily by international operations and drilling activity. Halliburton tops third-quarter profit estimates on international oilfield demand
• Positive Sentiment: International growth is offsetting domestic weakness: International revenue increased 3% sequentially to approximately $3.5 billion, while deepwater contracts and stronger Middle East demand supported the outlook. Management expects a multiyear oilfield-services demand cycle and mid-single-digit revenue growth in 2027. Halliburton sees years of growth as Mideast rebuilds
• Positive Sentiment: Margin expansion target and capital returns are supportive: Halliburton is targeting approximately 15% operating margins in 2027, about two percentage points above current levels. The company also repurchased roughly $250 million of stock and maintained its dividend during the quarter. Halliburton targets 15% operating margin as 2027 growth outlook strengthens
• Positive Sentiment: Analyst support remains broadly favorable: J.P. Morgan reiterated a Buy rating with a $42 target, while RBC raised its target from $45 to $46 and maintained an Outperform rating. Heavy call-option activity also suggests bullish near-term positioning. Analysts revise forecasts on Halliburton following Q3 results
• Neutral Sentiment: Geopolitical developments create both opportunity and risk: Middle East reconstruction could generate years of additional services demand, but potential oil-supply disruptions tied to regional conflict could also increase commodity-market volatility and complicate customer spending decisions. Halliburton earnings headwinds today, Venezuela tomorrow, Middle East eventually
• Negative Sentiment: North America remains a drag: North American revenue fell about 5% sequentially, and weaker completion and production activity contributed to lower total operating income and sequentially lower reported profit.
• Negative Sentiment: Analyst views are not unanimous: Barclays reduced its price target to $51, highlighting ongoing market uncertainty despite the quarterly beat and longer-term growth opportunities.

Insider Buying and Selling 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 stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at $4,166,235.70. This represents a 30.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.