Halliburton Q3 2026 Revenue and Profit Top Estimates Driven by International Drilling Demand

Halliburton reported third-quarter 2026 revenue of $5.70 billion, beating the analyst consensus of $5.58 billion, as robust international oilfield demand offset softness in North America. Adjusted earnings per diluted share came in at $0.60, a penny above the $0.59 estimate, while adjusted operating income of $731 million was roughly in line with forecasts. Reported net income was $417 million, or $0.50 per diluted share, with the gap to adjusted figures reflecting impairments and other charges.

By segment, Drilling and Evaluation revenue of $2.61 billion significantly beat expectations of $2.42 billion, underscoring the strength of international activity. Completion and Production revenue of $3.09 billion came in slightly below the $3.17 billion estimate, with operating income of $457 million falling 4% sequentially due to lower stimulation activity in the Western Hemisphere.

CEO Jeff Miller pointed to the global energy disruption as a multi-year tailwind for oilfield services, framing ongoing work to restore production, rebuild inventories and strengthen energy security as durable demand drivers. For 2027, management offered an early outlook calling for mid-single digit revenue growth and operating margins of around 15%, an improvement of approximately 200 basis points, assuming a flat North America market and no recovery in North American hydraulic fracturing. The company also repurchased approximately $250 million of shares in the quarter and generated $368 million in cash flow from operations.