HALLIBURTON CO (HAL) Form 10-Q — Oct 23, 2026
Halliburton's Q3 2026 revenue was $5.7 billion, up 2% year over year, while net income attributable to the company surged to $417 million ($0.50 per share) from just $18 million ($0.02) in Q3 2025. Operating income rose 75% to $624 million, driven by a sharp drop in impairments and other charges ($107 million vs $392 million) and 10% revenue growth in Drilling and Evaluation, which offset a 4% decline in Completion and Production and a 9% drop in North America revenue. International revenue grew 9%, led by Latin America (+13%) and Europe/Africa/CIS (+23%).
Key figures
- Eps
- 0.5
- Revenue
- 5703000000
- Guidance
- 2026 capital spending expected at approximately $1.1 billion; SAP S4 migration to complete in Q4 2026 with ~$34 million of Q4 cost; capital return framework targets at least 50% of free cash flow to shareholders.
- Net Income
- 417000000
- Revenue Yoy
- 2%
- Total Assets
- 26073000000
- Cash Position
- 1843000000
- Shares Outstanding
- 827126342
- Ytd eps
- $1.69 vs $0.81
- Wti q3 avg
- $87.22/bbl vs $65.74 in Q3 2025
- Ytd revenue
- $16,819M (up 2% YoY)
- Credit ratings
- S&P BBB+/A-2; Moody's A3/P-2, stable
- Ytd net income
- $1,412M vs $694M
- Buyback avg price q3
- $34.04
- Q3 share repurchases
- $252M (7.3M shares); ~$1.5B authorization remaining
- Qtd operating income
- $624M (up 75% YoY from $356M)
- Effective tax rate q3
- 18.3%
- Q3 impairments charges
- $107M pre-tax (vs $392M in Q3 2025)
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