Halliburton (NYSE:HAL) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Halliburton (NYSE:HAL) released its quarterly earnings results on Tuesday. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01, FiscalAI reports. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share.

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

NYSE HAL opened at $33.00 on Thursday. The company has a quick ratio of 1.54, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The company has a market cap of $27.57 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.53 and a beta of 0.71. Halliburton has a 52 week low of $20.39 and a 52 week high of $43.59. The firm’s 50-day simple moving average is $37.28 and its two-hundred day simple moving average is $36.45.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were paid 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 currently 37.36%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HAL shares. Rothschild & Co Redburn boosted their target price on Halliburton from $40.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Argus boosted their price objective on Halliburton from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada raised their target price on Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. TD Cowen reduced their price target on shares of Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.38.

Insider Transactions at Halliburton

In related news, Director Tobi M. Young sold 6,125 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the transaction, the director directly owned 15,250 shares of the company’s stock, valued at approximately $636,230. This trade represents a 28.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy Mckeon sold 8,655 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 72,976 shares of the company’s stock, valued at approximately $3,064,992. This trade represents a 10.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 258,255 shares of company stock valued at $10,550,535. 0.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Halliburton

Several institutional investors have recently made changes to their positions in HAL. AQR Capital Management LLC grew its position in shares of Halliburton by 85.5% during the 2nd quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock valued at $175,490,000 after purchasing an additional 3,969,759 shares in the last quarter. Caisse de depot et placement du Quebec grew its position in Halliburton by 163.8% during the third quarter. Caisse de depot et placement du Quebec now owns 4,992,111 shares of the oilfield services company’s stock worth $122,806,000 after buying an additional 3,100,037 shares in the last quarter. Franklin Resources Inc. increased its stake in Halliburton by 119.2% in the 3rd quarter. Franklin Resources Inc. now owns 4,488,547 shares of the oilfield services company’s stock worth $110,418,000 after acquiring an additional 2,440,675 shares during the last quarter. Morgan Stanley raised its holdings in shares of Halliburton by 14.0% in the 4th quarter. Morgan Stanley now owns 15,806,168 shares of the oilfield services company’s stock valued at $446,682,000 after acquiring an additional 1,943,845 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Halliburton by 40.8% during the 4th quarter. Schroder Investment Management Group now owns 5,328,496 shares of the oilfield services company’s stock valued at $150,583,000 after acquiring an additional 1,543,883 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton won a multi-year development agreement from Kuwait Oil Company to support the Ahmadi Innovation Valley, adding to its international project momentum. Article: Kuwait Oil Company Awards Long-Term Agreement to Advance Technology Development Ahmadi Innovation Valley
• Positive Sentiment: TD Cowen kept a buy rating on HAL, and despite trimming its price target, the new target still signals upside from current levels. Article: Analyst target update
• Positive Sentiment: Freedom Capital upgraded Halliburton from strong sell to hold, suggesting the outlook is becoming less negative. Article: Freedom Capital upgrade
• Neutral Sentiment: Halliburton’s Q2 results beat estimates, with revenue and earnings improving, but the market focused more on regional weakness than the headline beat. Article: Halliburton Tops Estimates as International Demand Strengthens
• Neutral Sentiment: Management and analysts said the company’s international business is still improving, with revenue hitting a 10-year high and margins expanding. Article: Halliburton Q2 2026 Earnings Call Transcript
• Negative Sentiment: Shares fell after the earnings report because investors were concerned about softer Middle East activity and management’s cautious comments on the oilfield services market. Article: Halliburton Earnings Beat Estimates. Why the Stock Is Falling.

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.