Halliburton (NYSE:HAL) Releases Earnings Results, Beats Estimates By $0.01 EPS

Halliburton (NYSE:HAL) released its quarterly earnings data on Tuesday. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01, FiscalAI reports. The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.Halliburton’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS.

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

• Halliburton reported Q2 revenue of $5.7 billion, adjusted operating margin of 12%, and strong cash generation with $668 million of free cash flow, while repurchasing about $200 million of stock.
• International revenue rose 6% year over year to $3.4 billion and management said demand remains strong across regions, with major wins in the Middle East, offshore, and international unconventionals supporting a longer runway for growth.
• North America showed sequential improvement with pricing gains, more rig activity, and higher technology adoption, and management said white space is being filled and margins should keep improving.
• Management highlighted several strategic awards and deployments, including an Integrated Field Management award in Iraq, renewed fracturing activity in Jafurah, and new international unconventional work in places like Algeria and Argentina.
• For Q3, Halliburton guided Completion and Production revenue flat to down 2% and Drilling and Evaluation revenue down 3% to 5%, but expects margin expansion in both segments. Management also noted Middle East activity remains highly fluid and assumed no major recovery or deterioration in guidance.

Halliburton Price Performance

Shares of HAL opened at $33.14 on Wednesday. Halliburton has a 52-week low of $20.17 and a 52-week high of $43.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The business’s 50 day moving average price is $37.44 and its two-hundred day moving average price is $36.42. The firm has a market cap of $27.68 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.62 and a beta of 0.71.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s payout ratio is presently 37.36%.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 24,778 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the transaction, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Timothy Mckeon sold 8,655 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total transaction of $363,510.00. Following the transaction, the vice president directly owned 72,976 shares in the company, valued at approximately $3,064,992. This represents a 10.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 258,255 shares of company stock worth $10,550,535. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Halliburton

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. acquired a new position in Halliburton during the 4th quarter worth approximately $71,000. Corient Private Wealth LLC increased its holdings in shares of Halliburton by 19.8% during the fourth quarter. Corient Private Wealth LLC now owns 150,948 shares of the oilfield services company’s stock valued at $3,960,000 after acquiring an additional 24,905 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Halliburton by 13.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 142,689 shares of the oilfield services company’s stock worth $4,032,000 after purchasing an additional 16,590 shares during the period. Vident Advisory LLC grew its position in Halliburton by 6.3% in the 4th quarter. Vident Advisory LLC now owns 94,463 shares of the oilfield services company’s stock valued at $2,670,000 after purchasing an additional 5,583 shares during the period. Finally, Beacon Pointe Advisors LLC bought a new stake in Halliburton during the 4th quarter valued at $280,000. 85.23% of the stock is owned by institutional investors.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton beat second-quarter expectations, reporting adjusted EPS of $0.55 on revenue of $5.71 billion, both ahead of consensus, which points to solid underlying business performance. Halliburton Announces Second Quarter 2026 Results
• Positive Sentiment: International demand was a bright spot, with revenue in Europe, Latin America, and Africa helping offset weakness elsewhere, and Halliburton said international revenue reached a 10-year high with margin expansion. Halliburton second-quarter profit rises on Europe, Latin America demand
• Positive Sentiment: The company also won new Iraq-related work, including contracts tied to field development, which supports future revenue visibility. Basra Oil Company Awards Halliburton Contract to Advance Oil and Gas Development in Southern Iraq
• Neutral Sentiment: Management signaled confidence in continued growth, and several post-earnings summaries highlighted improving North American activity alongside resilient international demand. Halliburton Tops Estimates as International Demand Strengthens
• Neutral Sentiment: Halliburton said Middle East/Asia revenue fell sequentially as activity weakened in Kuwait, Iraq, and Qatar due to ongoing geopolitical conflict, partially offsetting the strong results elsewhere. Halliburton second-quarter profit rises on Europe, Latin America demand
• Neutral Sentiment: The stock’s weakness also reflects a mixed market reaction: investors liked the earnings beat, but the outlook suggested the war-related impact could continue to weigh on results near term. Halliburton Earnings Beat Estimates. Why the Stock Is Falling.
• Negative Sentiment: Shares sold off because the revenue outlook was seen as tepid, with management warning that Middle East recovery may take time and that regional pressure is hurting activity. Halliburton tumbles on tepid revenue forecast, Middle East recovery warning
• Negative Sentiment: Several reports noted that the modest earnings surprise was not enough to offset concerns about Middle East disruptions and softer short-term oilfield services demand, which is pressuring the shares. Halliburton Earnings Beat Estimates. Why the Stock Is Falling.

Analyst Ratings Changes

Several research firms have commented on HAL. UBS Group increased their target price on Halliburton from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. BMO Capital Markets upped their price objective on Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Piper Sandler upgraded shares of Halliburton from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $43.00 in a report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research report on Wednesday, July 8th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $47.00 target price on shares of Halliburton in a report on Sunday, April 26th. Nineteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.27.

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.