For the quarter ended June 2026, Halliburton (HAL - Free Report) reported revenue of $5.71 billion, up 3.7% over the same period last year. EPS came in at $0.55, compared to $0.55 in the year-ago quarter.
The reported revenue represents a surprise of +4.19% over the Zacks Consensus Estimate of $5.48 billion. With the consensus EPS estimate being $0.54, the EPS surprise was +1.85%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Halliburton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Latin America: $1.12 billion compared to the $1.11 billion average estimate based on three analysts. The reported number represents a change of +14.9% year over year.Revenue- Europe/Africa/CIS: $1.02 billion versus $877.28 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24% change.Revenue- North America: $2.28 billion versus the three-analyst average estimate of $2.25 billion. The reported number represents a year-over-year change of +0.8%.Revenue- Middle East/Asia: $1.3 billion versus the three-analyst average estimate of $1.3 billion. The reported number represents a year-over-year change of -10.7%.Revenue- Drilling and Evaluation: $2.51 billion compared to the $2.35 billion average estimate based on five analysts. The reported number represents a change of +7.4% year over year.Revenue- Completion and Production: $3.2 billion versus $3.15 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1% change.Operating income- Completion and Production: $474 million versus the five-analyst average estimate of $480.38 million.Operating income- Drilling and Evaluation: $338 million versus $322.07 million estimated by five analysts on average.Operating income- Corporate and other: $-83 million versus the two-analyst average estimate of $-96.5 million.View all Key Company Metrics for Halliburton here>>>
Shares of Halliburton have returned -5.7% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Bank of Nova Scotia grew its position in shares of Halliburton Company (NYSE:HAL – Free Report) by 128.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,284,612 shares of the oilfield services company’s stock after acquiring an additional 1,286,095 shares during the quarter. Bank of Nova Scotia owned about 0.27% of Halliburton worth $89,077,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in Halliburton during the second quarter worth $25,000. Kelleher Financial Advisors purchased a new position in shares of Halliburton during the 3rd quarter valued at $25,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Halliburton during the 4th quarter valued at $25,000. Zions Bancorporation National Association UT grew its stake in shares of Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after acquiring an additional 650 shares during the period. Finally, Strive Asset Management LLC bought a new position in shares of Halliburton during the 3rd quarter worth $31,000. 85.23% of the stock is owned by institutional investors and hedge funds.
Halliburton News Roundup Here are the key news stories impacting Halliburton this week:
Positive Sentiment: Halliburton won a new contract with Basra Oil Company to provide integrated field management, digital solutions, and EPCM services in southern Iraq, adding another large-scale international project to its backlog. Halliburton (HAL) Lands Iraq Field Development Contract With Basra Oil Company Positive Sentiment: The company also secured a multi-year agreement with Kuwait Oil Company to support the Ahmadi Innovation Valley, reinforcing Halliburton’s international growth story and technology-led strategy. Halliburton’s Outlook Improves as New Awards Build Momentum After Flat Q2, RBC Says Positive Sentiment: Second-quarter results topped expectations, with revenue of $5.71 billion and EPS of $0.55, while international revenue hit a 10-year high and margins expanded, which supports confidence in earnings resilience. Halliburton Tops Estimates as International Demand Strengthens Neutral Sentiment: Several brokerages lowered price targets after the earnings release, but most kept bullish ratings, suggesting analysts still see upside despite a more cautious valuation view. These Analysts Cut Their Forecasts On Halliburton Following Q2 Results Negative Sentiment: The company’s post-earnings outlook was described as tepid by some coverage, with warnings about a slower Middle East recovery and uneven execution tempering enthusiasm. Halliburton tumbles on tepid revenue forecast, Middle East recovery warning Analyst Upgrades and Downgrades A number of equities research analysts recently issued reports on the company. TD Cowen lowered their price objective on Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler raised shares of Halliburton from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $43.00 in a research report on Tuesday, July 14th. Jefferies Financial Group restated a “buy” rating and set a $47.00 price target on shares of Halliburton in a research note on Sunday, April 26th. Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, Royal Bank Of Canada increased their target price on Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.14.
Check Out Our Latest Analysis on HAL
Insider Activity at Halliburton In related news, VP Timothy Mckeon sold 8,655 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,064,992. The trade was a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the transaction, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% 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. Insiders have sold 258,255 shares of company stock valued at $10,550,535 in the last ninety days. 0.57% of the stock is currently owned by corporate insiders.
Halliburton Price Performance HAL stock opened at $32.68 on Friday. The firm has a 50 day moving average of $37.11 and a 200-day moving average of $36.47. The company has a current ratio of 2.02, a quick ratio of 1.54 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $27.30 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.52 and a beta of 0.71. Halliburton Company has a 12 month low of $20.39 and a 12 month high of $43.59.
Halliburton (NYSE:HAL – Get Free Report) last posted its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that Halliburton Company will post 2.36 earnings per share for the current fiscal year.
Halliburton Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is 37.36%.
About Halliburton (Free Report)
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.
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Key Takeaways International contract wins across Kuwait, Iraq and Suriname strengthen Halliburton's long-term growth.Technology-led drilling and automation solutions improve efficiency, margins and customer value globally.Middle East risks, softer service activity and uneven guidance keep near-term earnings visibility limited. Halliburton Company (HAL - Free Report) enters the second half of 2026 with a stronger international growth case and a still-uneven operating backdrop. The stock’s appeal rests on contract momentum, technology adoption and exposure to long-cycle energy investment.
The caution is equally clear. Middle East activity, mobilization costs and service-line variability keep earnings visibility from fully matching the stronger backlog story.
Halliburton Is Leaning on International DemandInternational demand is the backbone of HAL’s current thesis. The company delivered $3.4 billion of international revenues in the second quarter, its highest second-quarter international level in more than a decade, despite disruptions in the Middle East.
Image Source: Halliburton Company
Management sees demand for Halliburton’s services and technology across every major region. Offshore, unconventional and intervention markets are carrying the international opportunity, and outside the Middle East, Halliburton expects low double-digit international growth in 2026.
HAL's Wins Are Expanding the Multiyear BacklogRecent awards are broadening Halliburton’s opportunity set. The company secured a multi-year Kuwait Oil Company agreement tied to Ahmadi Innovation Valley, an integrated field management and engineering contract in Iraq, unconventional drilling work in Algeria and long-term projects in Saudi Arabia’s Jafurah field.
Offshore work adds another layer to the backlog. Halliburton won integrated well construction contracts for TotalEnergies’ GranMorgu deepwater development offshore Suriname, supporting a more diversified revenue base across national oil companies and global operators.
SLB (SLB - Free Report) remains a key global technology competitor in energy services, while Baker Hughes Company (BKR - Free Report) gives investors another reference point for oilfield services and equipment exposure. Against that peer backdrop, Halliburton’s wins matter because they extend relationships in multiple geographies rather than depending on one market cycle.
Halliburton's Technology Is Driving Better MixTechnology is central to the margin story. Halliburton is using ZEUS IQ, LOGIX automation, OCTIV automated pumping controls and Sekal’s closed-loop drilling capabilities to improve well placement, drilling precision, recovery and operating efficiency.
This matters because the company is competing on performance, not only price. In Norway, the closed-loop drilling solution helped deliver back-to-back record wells, while the newest ZEUS IQ release gives customers better treatment control in simul-frac operations.
HAL Still Faces Near-Term Execution RisksThe improved long-term setup does not eliminate near-term risk. Middle East operations in Iraq, Kuwait, Bahrain and other markets remain tied to shifting geopolitical conditions, and management’s guidance assumes current activity rather than a return to pre-conflict levels.
Third-quarter guidance also points to uneven revenue trends. Completion and Production revenues are expected to be flat to down 2% sequentially, while Drilling and Evaluation revenues are expected to decline 3-5%.
Profit visibility is still affected by moving equipment into new international projects. Lower software sales, weaker project management activity in Latin America, lower specialty chemicals activity and Middle East service-line weakness show that recovery is not evenly distributed.
What HAL’s Ratings Signal NowThe bottom line is that HAL has a better international growth base, but the stock still reflects a balance between improving momentum and incomplete earnings visibility. Contract wins, technology deployment and cash generation support the long-term case, while guidance and geopolitical risk argue for discipline.
The stock currently carries a Zacks Rank #3 (Hold). That rank indicates a more balanced near-term earnings revision profile than a clear buy signal, which fits a company with credible drivers but not yet clean acceleration.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
HAL has a VGM Score of B, Value Score of B, Growth Score of C and Momentum Score of A. The Style Scores suggest solid value and very favorable momentum characteristics, while the Growth Score of C points to a less convincing growth profile than the headline award momentum alone might imply.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of HAL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I/we have a beneficial long position in the shares of APA, DVN, WDS, NE, RIG, PTEN, CNQ, SU, OILSF, TNEYF, SLB, HAL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Please do your own due diligence before investing. Nothing in this report is intended as investment advice.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Halliburton Company (NYSE:HAL) on Tuesday reported better-than-expected second-quarter 2026 results.
Adjusted EPS of 55 cents beat the 54-cent estimate. Revenue rose 3.7% year over year to $5.714 billion, topping the $5.486 billion estimate.
“I am pleased with Halliburton’s performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion,” CEO Jeff Miller said.
Halliburton shares fell 1.3% to trade at $32.77 on Wednesday.
These analysts made changes to their price targets on Halliburton following earnings announcement.
Barclays analyst David Anderson maintained the stock with an Overweight rating and lowered the price target from $55 to $53. Evercore ISI Group analyst James West maintained the stock with an Outperform rating and lowered the price target from $46 to $43. Considering buying HAL stock? Here’s what analysts think:
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Luboš Bedrník
Fio banka, a.s.
Prohlášení
HOUSTON--(BUSINESS WIRE)--Kuwait Oil Company (KOC) awarded Halliburton (NYSE: HAL) a multi-year agreement to support the development of the Ahmadi Innovation Valley (AIV), a flagship initiative that advances Kuwait’s energy sector transformation.
The research and development (R&D) center will support KOC to deliver solutions in brownfield, greenfield, and unconventional fields, address higher operational complexity, and build technology designed for Kuwait’s upstream challenges. The center embeds applied research as a permanent capability from concept through prototyping, piloting, and commercialization.
This award builds on the established presence of Halliburton in Kuwait. Halliburton will deploy key technologies to execute a tailored program of projects and engineered solutions. Digital capabilities are central to the program, through the application of data, scientific analysis, and artificial intelligence for the full field lifecycle.
This approach will help KOC make faster decisions with confidence, improve asset performance, and align teams. The projects support KOC asset needs and build in-country capability for long-term growth.
“This award reflects the depth of the long-term collaboration with KOC and the shared focus on advancing technology development in Kuwait’s energy sector,” said Jeff Miller, Halliburton chairman, president, and CEO. “We collaborate and engineer solutions to maximize asset value for our customers. The upstream R&D center demonstrates this approach in action. We combine global expertise, digital capabilities, and in-country presence to address Kuwait’s unique upstream challenges.”
The AIV program represents a strategic national asset and marks a shift from traditional field services to the co-creation of technology and innovation. It further demonstrates KOC’s vision to make innovation a permanent foundation of Kuwait’s energy sector and positions the center as a platform for applied research and upstream technology development.
About Halliburton
Halliburton is one of the world's leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
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Index S&P 500 +0,89 % na 7509,21 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +2,3 % Nezbytná spotřeba -1 % Energie +1,2 % Komunikační služby -0,8 % Zdravotní péče +0,6 % Utility +0 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Sandisk Corp (SNDK) +14 % Danaher Corp (DHR) -11 % Western Digital Corp (WDC) +13 % MSCI (MSCI) -10 % Micron Technology (MU) +12 % Tyler Technologies (TYL) -5,7 % Teradyne (TER) +12 % Halliburton (HAL) -5,5 % Coherent Corp (COHR) +11 % Gartner (IT) -4,5 %
Jan Pazourek, Fio banka, a.s.
Key Takeaways Halliburton beat Q2 earnings and revenue estimates as sales increased 3.7% year over year.HAL saw higher revenues from both business segments, with international sales rising 5.7% year over year.Halliburton expects growth from contract wins, improving North America activity and capital discipline. Halliburton Company (HAL - Free Report) reported second-quarter 2026 adjusted net income per share of 55 cents, marginally beating the Zacks Consensus Estimate of 54 cents. The outperformance was backed by year-over-year revenue growth. However, the bottom line was flat compared with the prior-year level.
Meanwhile, the Houston, TX-based oil and gas equipment and services company’s second-quarter revenues of $5.7 billion were up 3.7% year over year and beat the Zacks Consensus Estimate of $5.5 billion. The outperformance was driven by higher revenues in both segments of the company — the Completion and Production segment and the Drilling and Evaluation segment.
Inside Halliburton’s Regions & SegmentsNorth America revenues increased by $17 million year over year to $2.3 billion, driven by higher stimulation activity and increased well construction activity in the United States and higher fluids activity in the Gulf of America, also beating our projection by around $29 million. On the other hand, revenues from Halliburton’s international operations increased 5.7% from the year-ago period to $3.4 billion.
The Completion and Production segment earned $474 million in operating income, lower than last year’s $513 million. The figure also missed our estimate of $480 million. The underperformance of the segment was due to lower specialty chemicals activity in North America resulting from the sale of a portion of the chemical business, decreased cementing activity in Latin America and lower activity across multiple product service lines in the Middle East.
The Drilling and Evaluation unit’s profit increased to $338 million in the second quarter of 2026 from $312 million in the same period of 2025. The figure also beat our estimate of $322 million. This rise was backed by increased drilling-related services and higher wireline activity in North America and Europe/Africa and increased drilling-related services in Asia.
HAL’s Q2 Balance SheetHalliburton reported second-quarter capital expenditure of $235 million. As of June 30, 2026, the company had approximately $2 billion in cash/cash equivalents and $7.1 billion in long-term debt, representing a debt-to-capitalization of 39%. HAL bought back $200 million worth of its stock and invested $46 million in the SAP S/4 migration during the second quarter of 2026. The company generated $824 million of cash flow from operations in the second quarter, leading to a free cash flow of $668 million.
HAL’s Management Remarks & OutlookHalliburton's management remains optimistic about the company's growth prospects, supported by its differentiated technology portfolio and strong value proposition. Management expects these strengths to drive revenue growth and margin expansion over the coming quarters. Internationally, the company is encouraged by recent contract wins and a robust pipeline of future opportunities, with demand for its services and technologies increasing across all regions. In North America, management noted a recovery during the quarter and anticipates further gradual improvement through the remainder of the year. Halliburton also reaffirmed its commitment to capital discipline and delivering strong shareholder returns, viewing these priorities as key drivers of its long-term success.
HAL's Zacks Rank & Key PicksHalliburton currently carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector might consider better-ranked stocks such as Cheniere Energy, Inc. (LNG - Free Report) , Energy Transfer LP (ET - Free Report) and Venture Global, Inc. (VG - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cheniere Energy is valued at $55.52 billion. It is primarily engaged in the business of liquefied natural gas (LNG - Free Report) . Cheniere Energy constructs and operates LNG terminals, and is also involved in LNG and natural gas marketing.
Energy Transfer is valued at $69.79 billion. ET is a diversified midstream partnership with operations spanning natural gas, NGLs, crude oil, refined products, terminalling, storage and related services in the United States.
Venture Global is valued at $35.5 billion. It is a cost-efficient provider of LNG sourced from rich natural gas basins in North America. VG is developing LNG export projects along the U.S. Gulf Coast in Louisiana — the Calcasieu Pass Project, the Plaquemines Project, the Plaquemines Expansion Project, the CP2 Project, the CP2 Expansion Project and the CP3 Project.
Halliburton Company (HAL) Q2 2026 Earnings Call July 21, 2026 9:00 AM EDT
Company Participants
David Coleman - Senior Director of Investor Relations
Jeffrey Miller - Chairman of the Board, President & CEO
Jeffrey Slocum - Executive VP, COO & Director
Eric Carre - Executive VP & CFO
Conference Call Participants
Stephen Richardson - Evercore Inc.
John Anderson - Barclays Bank PLC, Research Division
Arun Jayaram - JPMorgan Chase & Co, Research Division
Saurabh Pant - BofA Securities, Research Division
James West - Melius Research LLC
Derek Podhaizer - Piper Sandler & Co., Research Division
Neil Mehta - Goldman Sachs Group, Inc., Research Division
Doug Becker - Capital One Securities, Inc., Research Division
Scott Gruber - Citigroup Inc., Research Division
Marc Bianchi - TD Cowen, Research Division
Presentation
Operator
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Second Quarter 2026 Halliburton Company Earnings Conference Call.
[Operator Instructions] As a reminder, this conference call is being recorded.
At this time, I would like to turn the conference over to Mr. David Coleman, Senior Director, Investor Relations. Sir, please begin.
David Coleman
Senior Director of Investor Relations
Hello, and thank you for joining the Halliburton Second Quarter 2026 Conference Call. We will make the recording of today's webcast available for 7 days on Halliburton's website after this call. Joining me today are Jeff Miller, Chairman, President and CEO; Shannon Slocum, Executive Vice President and COO; and Eric Carre, Executive Vice President and CFO.
Some of today's comments may include forward-looking statements that reflect Halliburton's views about future events. These matters involve risks and uncertainties that could cause our actual results to materially differ from our forward-looking statements. These risks are discussed in Halliburton's Form 10-K for the year ended December 31, 2025, Form 10-Q for the quarter ended March 31, 2026, current reports on Form 8-K and other Securities and Exchange Commission
Halliburton Company (NYSE:HAL, XETRA:HAL) reported second quarter results that exceeded Wall Street expectations, but shares fell more than 6% after management warned that the oilfield services market is weakening more than previously anticipated in the short to medium term.
The oilfield services company posted adjusted earnings of $0.55 per share, ahead of the consensus estimate of $0.54.
Revenue came in at $5.71 billion, surpassing analyst expectations of $5.51 billion.
Net income for the quarter was $534 million, or $0.64 per diluted share, compared with $461 million, or $0.55 per diluted share, in the first quarter. Total revenue increased to $5.7 billion from $5.4 billion in the prior quarter, while operating income rose to $778 million from $679 million.
Halliburton generated $824 million in operating cash flow and $668 million in free cash flow during the quarter. The company also repurchased approximately $200 million of its shares.
Halliburton CEO Jeff Miller highlighted the company's international opportunities and improving North American activity.
"I am pleased with Halliburton's performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion," Miller stated in the earnings release.
He added that international markets continue to present growth opportunities, citing contract awards and a pipeline of future work, while noting that North America showed signs of recovery during the quarter with expectations for further incremental improvement through the year.
However, investor sentiment was weighed down by Miller's more cautious outlook for the broader industry. He recently warned that the oilfield services market is expected to be softer than previously anticipated over the short to medium term, citing a decline in global upstream spending, lower drilling activity in North America, and geopolitical challenges in the Middle East.
Halliburton Company (NYSE:HAL, XETRA:HAL) reported second quarter results that exceeded Wall Street expectations, but shares fell more than 6% after management warned that the oilfield services market is weakening more than previously anticipated in the short to medium term.
The oilfield services company posted adjusted earnings of $0.55 per share, ahead of the consensus estimate of $0.54.
Revenue came in at $5.71 billion, surpassing analyst expectations of $5.51 billion.
Net income for the quarter was $534 million, or $0.64 per diluted share, compared with $461 million, or $0.55 per diluted share, in the first quarter. Total revenue increased to $5.7 billion from $5.4 billion in the prior quarter, while operating income rose to $778 million from $679 million.
Halliburton generated $824 million in operating cash flow and $668 million in free cash flow during the quarter. The company also repurchased approximately $200 million of its shares.
Halliburton CEO Jeff Miller highlighted the company's international opportunities and improving North American activity.
"I am pleased with Halliburton's performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion," Miller stated in the earnings release.
He added that international markets continue to present growth opportunities, citing contract awards and a pipeline of future work, while noting that North America showed signs of recovery during the quarter with expectations for further incremental improvement through the year.
However, investor sentiment was weighed down by Miller's more cautious outlook for the broader industry. He recently warned that the oilfield services market is expected to be softer than previously anticipated over the short to medium term, citing a decline in global upstream spending, lower drilling activity in North America, and geopolitical challenges in the Middle East.
3 Energy Stocks Built for the AI Power Boom—And BeyondHalliburton NYSE: HAL reported sequential revenue growth in the second quarter of 2026, with management pointing to strength in international markets, a recovering North America business and a growing pipeline of technology-driven contract awards.
Chairman, President and CEO Jeff Miller said Halliburton delivered total company revenue of $5.7 billion and adjusted operating margin of 12% in the quarter. International revenue was $3.4 billion, up 6% year over year and the company’s highest second-quarter international revenue in more than a decade, despite disruptions in the Middle East. North America revenue was $2.3 billion, flat from the year-earlier period but up sequentially.
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SLB’s Tough Quarter Masks a Powerful Long-Term Shift“Our international business delivered its highest second quarter revenue in more than a decade, despite the disruption in the Middle East,” Miller said. “Our North America business delivered sequential improvement, and my outlook for our business is positive.”
Chief Financial Officer Eric Carre said reported net income per diluted share was $0.64, while adjusted net income per diluted share was $0.55. Cash flow from operations was $824 million, free cash flow was $668 million and the company repurchased about $200 million of its common stock during the quarter.
International Markets Drive Growth Despite Middle East Disruption Pipelines and Automation: 2 Energy Plays Built for Any Oil PriceManagement emphasized that international customer engagement remains high, with Miller saying he sees growing demand for Halliburton’s services and technology across regions. He said energy security and reliable, affordable energy remain central issues for producing and consuming nations, and that rebuilding inventories, expanding strategic reserves and diversifying supply could take “years, not quarters.”
Chief Operating Officer Shannon Slocum said international opportunities are “the strongest I’ve seen in many years.” He said Middle East activity is recovering from conflict-related lows, though the pace remains dependent on day-to-day events in the region. Land well construction activity was largely steady during the quarter, except for pockets of disruption in Iraq and Bahrain, while offshore activity improved through the quarter but remained below pre-conflict levels.
Slocum highlighted Iraq as a key opportunity after Halliburton announced a significant Integrated Field Management service award. He described the project as foundational and said it would put Halliburton’s digital and technology offerings to work at scale. He also cited recent wins in onshore well construction, integrated offshore projects and the resumption of unconventional fracturing operations in Jafurah as reasons for optimism in the Middle East.
Outside the Middle East, Halliburton expects international growth in the low double digits this year. Slocum pointed to production services, drilling, unconventionals and artificial lift as key growth engines. Recent developments included commissioning of a new North Sea stimulation vessel, integration of Sekal with Halliburton’s LOGIX automation platform and unconventional project wins in Algeria and Argentina.
North America Shows Sequential Improvement In North America, second-quarter revenue rose 7% sequentially to $2.3 billion. Carre said the improvement was driven by higher stimulation and well construction activity in U.S. land and higher fluids activity in the Gulf of Mexico.
Slocum said North America activity built on first-quarter momentum, with stronger activity, modest pricing gains and further technology adoption. Drilling activity was strong, and Halliburton’s Drilling and Evaluation division grew 9% year over year in North America, he said.
In completions, Slocum said Halliburton remains focused on returns rather than market share, adding that the company’s ability to redeploy equipment to international markets creates a high bar for North America fleet reactivation. The company also deployed the latest version of ZEUS IQ during the quarter, which Slocum said expands subsurface measurements and gives customers well-by-well treatment control in simul-frac operations.
During the question-and-answer session, Miller said Halliburton is seeing “positive margin trajectory” in North America as white space fills and pricing improves. He said the company is focused on improving pricing across the fleet and may move equipment overseas when international opportunities offer better margins.
Segment Results and Regional Performance Completion and Production revenue was $3.2 billion, up 6% sequentially, while operating income rose 8% to $474 million. Segment operating margin was 15%. Carre said the increase was primarily driven by higher stimulation activity in the Western Hemisphere and improved well intervention services in Asia, partly offset by lower North America specialty chemicals activity tied to the sale of Halliburton’s chemical business, lower cementing activity in Latin America and reduced activity across multiple product lines in the Middle East.
Drilling and Evaluation revenue was $2.5 billion, up 5% sequentially, while operating income fell 4% to $338 million. Segment operating margin was 13%. Carre attributed the revenue increase to higher drilling-related services and land activity in North America and Europe/Africa, while the operating income decline reflected the seasonal roll-off of software sales.
By region, Europe/Africa revenue increased 19% sequentially to $1 billion, supported by stronger activity in the North Sea, well construction in Namibia and Egypt, completion tool sales in the East Mediterranean and project management activity in Angola. Middle East/Asia revenue fell 2% sequentially to $1.3 billion due to lower activity in Kuwait, Iraq and Qatar related to the Middle East conflict. Latin America revenue rose 3% to $1.1 billion on higher stimulation activity in Argentina and Mexico and improved completion tool sales in Mexico.
Guidance Points to Margin Improvement For the third quarter, Carre said Halliburton expects Completion and Production revenue to be flat to down 2% sequentially, with margins improving 125 to 175 basis points. Drilling and Evaluation revenue is expected to decline 3% to 5%, with margins improving 25 to 75 basis points.
Carre said Halliburton’s third-quarter outlook assumes Middle East activity remains steady at current levels, with no recovery to pre-conflict levels and no major additional disruption. He said the expected revenue decline in Drilling and Evaluation is tied mainly to lower drilling fluids and testing activity, while margin improvement should benefit from a more favorable mix, including higher-margin software sales. In Completion and Production, the sale of the chemical business will reduce revenue, but margins are expected to benefit from North America land fracturing, lift, Gulf of Mexico completion tool deliveries and Middle East recovery.
Halliburton expects corporate expenses of about $80 million in the third quarter, SAP S/4 migration expenses of about $45 million, net interest expense up about $5 million from the second quarter and an effective tax rate of approximately 19%. Full-year 2026 capital expenditures are expected to be about $1.1 billion.
Management Emphasizes Technology and Capital Discipline Throughout the call, management framed Halliburton’s growth strategy around technology, automation and disciplined capital deployment. Miller said recent wins are tied to the company’s value proposition and advances such as closed-loop geosteering, LOGIX, ZEUS IQ and the Sekal acquisition.
Asked about digital and software, Miller said Halliburton’s focus includes open architecture, artificial intelligence, deep science and data management. He said automation products are contributing to contract wins and are “a differentiator.”
On shareholder returns, Carre said Halliburton has not changed its buyback philosophy and expects repurchases to pick up from earlier in the year, while continuing on a regular basis rather than making large opportunistic moves.
Miller closed the call by reiterating that Halliburton’s global outlook is strong and that the company’s technology and value proposition support future revenue growth and margin expansion.
About Halliburton (NYSE:HAL)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.
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Halliburton delivered solid Q2 results with both revenue and EPS beating consensus, yet shares declined post-earnings. I reiterate a buy rating on HAL, citing attractive valuation and positive free cash flow despite recent technical weakness and a 14% stock decline since March. HAL's CEO highlights strong North America recovery, robust international contract awards, and steady capital plans as key growth drivers.
Index Dow Jones +0,17 % na 51927,75 b., S&P 500 +0,34 % na 7468,56 b., Nasdaq Composite +0,67 % na 25679,27 b.
Wall Street na začátku obchodování mírně roste, tažena zejména akciemi ze sektoru polovodičů a dalšími tituly spojenými s umělou inteligencí. Index S&P 500 +0,34 %.
Akcie 3M posilují o 9,5 % poté, co průmyslový konglomerát zveřejnil hospodářské výsledky za druhé čtvrtletí roku 2026. Očištěný zisk na akcii překonal odhady analytiků a společnost zároveň zvýšila celoroční výhled očištěného zisku na akcii i organického růstu tržeb.
Výrazně klesají akcie Danaher (-14 %). Společnost působící v oblasti life sciences, zveřejnila hospodářské výsledky za druhé čtvrtletí roku 2026, ve kterém tržby i očištěný zisk na akcii překonaly odhady analytiků. Firma zároveň zvýšila celoroční výhled očištěného zisku na akcii, avšak výhled růstu jadrových tržeb pro třetí čtvrtletí zaostal za průměrným odhadem analytiků.
Akcie společnosti Halliburton oslabují o 6,1 % poté, co tato společnost poskytující služby pro ropný průmysl vykázala za druhé čtvrtletí očištěný provozní zisk, který zaostal za průměrným odhadem analytiků v důsledku nižších marží, než se původně očekávalo. Očištěný provozní zisk činil 683 mil. USD, meziročně -6,1 %, při odhadu 688,7 mil. USD.
Index S&P 500 +0,34 % na 7468,56 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +1,4 % Nezbytná spotřeba -0,8 % Energie +0,8 % Komunikační služby -0,4 % Základní materiály +0 % Zdravotní péče -0,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Hasbro (HAS) +13 % Danaher Corp (DHR) -14 % Sandisk Corp (SNDK) +9,6 % MSCI (MSCI) -10 % Teradyne (TER) +8,7 % Equifax (EFX) -7,3 % Western Digital Corp (WDC) +8,4 % Genuine Parts (GPC) -7,0 % Coinbase Global (COIN) +8,4 % Halliburton (HAL) -6,1 % Zdroj: Bloomberg
Halliburton stock declines after the oilfield services company posts slightly better-than-expected earnings but sees the war in the Middle East take its toll on business.
Halliburton (HAL - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.85%. A quarter ago, it was expected that this provider of drilling services to oil and gas operators would post earnings of $0.49 per share when it actually produced earnings of $0.55, delivering a surprise of +12.24%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Halliburton, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $5.71 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.19%. This compares to year-ago revenues of $5.51 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Halliburton shares have added about 24.2% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Halliburton?While Halliburton has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Halliburton was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.60 on $5.66 billion in revenues for the coming quarter and $2.36 on $22.25 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Drilling Tools International Corp. (DTI - Free Report) , has yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of -100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Drilling Tools International Corp.'s revenues are expected to be $38.01 million, down 3.6% from the year-ago quarter.
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today net income of $534 million, or $0.64 per diluted share, for the second quarter of 2026 and adjusted net income4, excluding “Impairments and other credits,” of $461 million, or $0.55 per diluted share. This compares to net income for the first quarter of 2026 of $461 million, or $0.55 per diluted share. Halliburton's total revenue for the second quarter of 2026 was $5.7 billion, compared to total revenue of $5.4 billion in.
The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson (UNITED STATES - Tags: BUSINESS LOGO ENERGY) Purchase Licensing Rights, opens new tab
July 21 (Reuters) - Halliburton (HAL.N), opens new tab posted a rise in second-quarter profit on Tuesday, as steady demand for its equipment in Latin America, Europe and Africa offset declining activity in the Middle East due to the Iran war.
The Middle East conflict has dominated energy markets this year as repeated flare-ups keep a crucial oil-producing region on edge, even though crude oil prices have not skyrocketed as feared at the start of the war in February.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Now in its fifth month, the conflict has taken a hit on industry bellwethers SLB (SLB.N), opens new tab, Halliburton and Baker Hughes (BKR.O), opens new tab, which reported the sharpest quarterly decline in Middle East revenue in over a year in the first quarter.
But an increase in activity in regions such as Latin America helped weather weakness in the Middle East.
During the second quarter, Halliburton's total revenue was $5.71 billion, compared with $5.51 billion a year earlier.
The U.S. oilfield services provider said its net income came in at $534 million, or 64 cents per share, for the three months ended June 30, compared with $472 million, or 55 cents per share, a year earlier.
Reporting by Vallari Srivastava in Bengaluru
Our Standards: The Thomson Reuters Trust Principles., opens new tab
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) has been awarded a contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) and Engineering, Procurement, and Construction Management (EPCM) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq. The contract scope includes field development planning, production optimization, digital solutions, and EPCM services for the two fields. Halliburton will deploy the Landmark portfolio to b.
Halliburton Company (NYSE:HAL) will release its second quarter earnings report before the opening bell on Tuesday, July 21.
Analysts expect the Houston, Texas-based company to report quarterly earnings of 54 cents per share, down from 55 cents per share in the year-ago period. The consensus estimate for Halliburton’s quarterly revenue is $5.5 billion. It reported $5.51 billion last year, according to Benzinga Pro.
On July 13, Halliburton announced it won a major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname.
Shares of Halliburton rose 0.5% to close at $35.22 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying HAL stock? Here’s what analysts think:
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Key Takeaways Halliburton secured a long-term Aramco contract for integrated services at the Jafurah gas project.HAL will deploy Saudi Arabia's first integrated intelligent fracturing platform from Q3 2026.Halliburton plans more local manufacturing, supply chain and workforce investment in Saudi Arabia. Halliburton Company (HAL - Free Report) has secured a long-term contract from Saudi Aramco to provide integrated stimulation and completion services for the Jafurah unconventional gas project in Saudi Arabia. The agreement strengthens the company's position in one of the world's largest unconventional gas developments while reinforcing its long-standing partnership with Aramco. However, the financial details of the multi-year contract are not yet disclosed.
Supporting One of the World's Largest Gas DevelopmentsThe Jafurah Basin is a cornerstone of Saudi Arabia's unconventional gas strategy. With estimated recoverable resources of 229 trillion cubic feet, it is regarded as the largest shale gas project outside the United States. Halliburton's latest award is part of a broader multibillion-dollar development program that aims to accelerate gas production and support Saudi Arabia's long-term energy goals. The contract also expands Halliburton's existing portfolio of work across the country's unconventional resource plays.
HAL’s Advanced Digital Technologies to Improve EfficiencyBeginning in the third quarter of 2026, Halliburton will deploy Saudi Arabia's first fully integrated intelligent fracturing platform. The company will utilize its OCTIV Auto Frac automation system alongside Sensori fracturing monitoring services to optimize stimulation performance in real time.
These digital solutions are designed to improve operational efficiency, enhance workflow predictability and support disciplined execution across multi-well development campaigns. By integrating automation and real-time monitoring, Halliburton aims to increase operational reliability while maximizing asset performance throughout the project.
Strengthening a Long-Standing PartnershipHalliburton has operated in Saudi Arabia for more than eight decades, making the latest contract another milestone in its relationship with Aramco. The company noted that the award reflects continued collaboration in advancing unconventional gas development and highlights its integrated service capabilities across drilling and completion operations in Saudi Arabia.
HAL Is Expanding Local Investment in Saudi ArabiaAs development activity in the Jafurah Basin ramps up, Halliburton also plans to increase its investment in Saudi Arabia. The company intends to expand local manufacturing capabilities, strengthen its supply chain and invest in workforce development programs. These initiatives are expected to support larger-scale operations and help sustain high levels of performance as unconventional gas activity accelerates across the region.
Halliburton's Saudi Growth OutlookHalliburton's latest contract reinforces its leadership in unconventional gas services and expands its role in one of the world's most significant shale gas developments. By combining advanced automation technologies with increased local investment, the company is well positioned to support Aramco's ambitious gas expansion plans while strengthening its long-term growth opportunities in the Middle East.
HAL’s Zacks Rank & Other Key PicksHouston, TX-based Halliburton is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial and government sectors. Currently, HAL carries a Zacks Rank #2 (Buy).
Investors interested in the energy sector may consider some other top-ranked stocks like Suncor Energy Inc. (SU - Free Report) , Imperial Oil Limited (IMO - Free Report) and Par Pacific Holdings, Inc. (PARR - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Alberta-based Suncor Energy is Canada's premier integrated energy company. The company's operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining and product marketing. The Zacks Consensus Estimate for SU’s 2026 earnings indicates 114.2% year-over-year growth.
Calgary-based Imperial Oil Limited is one of the largest integrated oil companies of Canada, mainly engaged in oil and gas production, petroleum products refining and marketing and the chemical business. The Zacks Consensus Estimate for IMO’s 2026 earnings indicates 69.2% year-over-year growth.
Houston, TX-based Par Pacific Holdings is a growth-oriented energy company supplying conventional and renewable fuels across the western United States. Its integrated platform sources crude, refines transportation fuels and distributes products. The Zacks Consensus Estimate for PARR’s 2026 revenues indicates 123.8% year-over-year growth.
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) was awarded lump sum turnkey (LSTK) contracts by Aramco in multiple onshore fields in the Kingdom of Saudi Arabia. The awards expand Halliburton's role in the program and demonstrate the Company's ability to grow through integrated well delivery at scale. The multi-year contracts encompass approximately 285 planned wells. Halliburton will deliver a fully integrated execution model that includes oil re-entry operations, drilling, completions, and.
Key Takeaways Halliburton is expected to report Q2 EPS of 54 cents on revenues of $5.5 billion.North American completion demand and tighter premium equipment could support segment income.Middle East disruptions may reduce quarterly EPS by 7-9 cents and weigh on profitability. Halliburton Company (HAL - Free Report) is set to release second-quarter results on July 21. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 54 cents per share on revenues of $5.5 billion.
Let’s delve into the factors that might have influenced the oilfield service firm’s performance in the June quarter. But it’s worth taking a look at HAL’s previous-quarter performance first.
Highlights of Q1 Earnings & Surprise HistoryIn the last reported quarter, this Houston, TX-based provider of technical products and services to drillers of oil and gas wells beat the consensus mark, reflecting successful cost reduction initiatives. Halliburton reported net income per share of 55 cents, outperforming the Zacks Consensus Estimate of 49 cents. Revenues of $5.4 billion beat the Zacks Consensus Estimate by 2.4%.
HAL beat the Zacks Consensus Estimate thrice in the last four quarters and matched it in the other. This is depicted in the graph below:
Trend in Estimate RevisionThe Zacks Consensus Estimate for the second-quarter bottom line has remained unchanged in the past seven days. The estimated figure indicates a 1.8% decline year over year. The Zacks Consensus Estimate for revenues, meanwhile, suggests a 0.5% decrease from the year-ago period.
Factors to ConsiderNorth American completion activity could have supported Halliburton in the second quarter. Management had pointed out that gaps in the fracturing schedule have largely disappeared, more customers are requesting short-notice work, and premium equipment is becoming tighter. These signs suggest stronger demand for the Completion & Production segment, which provides hydraulic fracturing and related well-completion services. Consequently, the Zacks Consensus Estimate for the company’s second-quarter operating income from the segment is pegged at $479 million, up from $439 million in the first quarter of 2026.
International drilling momentum could have provided another earnings tailwind. Halliburton expects growth outside the Middle East to be led by Latin America, while offshore work in Guyana, Suriname, Brazil and Norway remains active. This is expected to have supported the Drilling & Evaluation segment, which helps customers locate reservoirs, drill wells and assess underground formations. Recent contract wins, automated drilling technology and stronger project-management work could have improved activity levels, partly offset by declining seasonal software sales.
On a bearish note, Middle East disruptions are the main risk to second-quarter earnings and could affect both major segments. Reduced offshore and land activity may have lowered demand for drilling, evaluation, completion tools and pressure-pumping services, while alternative transport routes, fuel inflation and higher material costs could squeeze profitability. Halliburton estimates a 7-9-cent-per-share quarterly impact, assuming some offshore work restarts midway through the period. A slower restart could create additional headwinds, making the timing and pace of regional recovery particularly important.
What Does Our Model Say?The proven Zacks model does not conclusively show that Halliburton is likely to beat estimates in the second quarter of 2026. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: HAL has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 54 cents per share each.
Zacks Rank: Halliburton currently carries a Zacks Rank #2, which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult this earnings season.
Stocks to ConsiderWhile an earnings beat looks uncertain for Halliburton, here are some energy firms that you may want to consider on the basis of our model:
Liberty Energy (LBRT - Free Report) : It has an Earnings ESP of +61.54% and a Zacks Rank #2. Liberty Energy is scheduled to release earnings on July 22.
You can see the complete list of today’s Zacks #1 Rank stocks here.
For 2026, LBRT has a projected earnings growth rate of 80%. Valued at around $4.1 billion, it has gained 116.7% in a year.
HF Sinclair (DINO - Free Report) : It has an Earnings ESP of +11.69% and a Zacks Rank #2. HF Sinclair is scheduled to release earnings on July 28.
For 2026, HF Sinclair has a projected earnings growth rate of 103%. Valued at around $15 billion, DINO has gained 92% in a year.
Patterson-UTI Energy (PTEN - Free Report) : It has an Earnings ESP of +12.50% and a Zacks Rank #2. Patterson-UTI Energy is scheduled to release earnings on July 29.
Patterson-UTI Energy beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, with the average being 28%. Valued at around $3.7 billion, PTEN has gone up 63.2% in a year.
HOUSTON--(BUSINESS WIRE)--Aramco awarded Halliburton (NYSE: HAL) a multi-year contract to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally.
This award builds on Halliburton’s established portfolio supporting Aramco’s unconventional program. Across many of the Kingdom’s unconventional plays, Halliburton delivers a comprehensive suite of drilling and completion solutions. Its integrated service model is designed to support high-intensity development programs and improve operational efficiency, workflow predictability, and execution reliability. This collaboration supports broader regional efforts toward integrated unconventional development programs.
“This award highlights our long-standing collaboration with Aramco and builds on more than 80 years in the Kingdom, while advancing unconventional gas development in the Kingdom,” said Rami Yassine, president, Eastern Hemisphere, Halliburton. “Beginning in the third quarter of 2026, Halliburton will deploy the Kingdom’s first fully integrated intelligent fracturing platform through OCTIV® Auto Frac and Sensori™ fracturing monitoring services to contribute to asset value for one of the world’s largest unconventional fields."
Under the program, Halliburton will deploy intelligent automation solutions for fracturing to optimize performance in real time and support disciplined implementation across multi-well campaigns. These technologies support digital integration across operations while advancing efficiency and operational reliability.
Development activities in the Jafurah Basin are underway. To support this effort, Halliburton plans to increase its investment in local manufacturing, improve its supply chain, and expand workforce development programs within the Kingdom, aiming to scale operations and sustain high performance as unconventional activity accelerates.
ABOUT HALLIBURTON
Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
Key Takeaways Halliburton won a well construction contract for TotalEnergies' GranMorgu project offshore Suriname.HAL will use digital workflows, automation and real-time analytics to improve well construction efficiency.Halliburton is investing in local facilities and suppliers to support Suriname's offshore energy sector. Halliburton Company (HAL - Free Report) has secured a significant integrated well construction contract for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies SE (TTE - Free Report) . The long-term agreement strengthens Halliburton's presence in the offshore drilling market while highlighting the growing role of digital technologies and integrated execution in complex energy projects.
HAL’s Integrated Approach to Improve Project EfficiencyAs part of the contract, Halliburton, currently carrying a Zacks Rank #2 (Buy), will provide both drilling and completions services using a fully integrated execution model. The company plans to combine planning, engineering and field operations with digital technologies and automation to streamline well construction. This integrated approach is designed to improve operational performance, accelerate learning across project teams and reduce the overall cost of well development for TotalEnergies, which is carrying a Zacks Rank #3 (Hold) at present.
According to Halliburton, the project demonstrates how collaboration, digital innovation and integrated execution can deliver safer and more efficient operations in technically demanding deepwater developments. By aligning teams and leveraging advanced well construction capabilities, the company aims to maximize asset value while maintaining high operational standards.
Digital Technologies to Enhance Well PerformanceHalliburton will deploy integrated digital workflows, real-time data analytics and remote operations control throughout the drilling and completion phases. These technologies are expected to improve well placement accuracy, strengthen delivery assurance and optimize communication between surface operations and subsurface activities.
The enhanced digital capabilities are also intended to improve hydrocarbon recovery while lowering the total cost of ownership for the project. As offshore developments become increasingly complex, advanced automation and data-driven decision-making are becoming essential tools for improving efficiency and reducing operational risks.
HAL Supports Local Industry GrowthBeyond delivering drilling services, Halliburton is investing in Suriname's local energy ecosystem. The company has collaborated with local suppliers to upgrade its liquid mud and cement plant and has supported the construction of the country's first advanced drilling and completions workshop equipped with modern maintenance and repair capabilities.
Halliburton also plans to prioritize local hiring and supplier participation throughout the project. These initiatives are expected to strengthen Suriname's offshore energy sector, support economic development and establish a new benchmark for collaboration through the first global alliance between Halliburton, TotalEnergies and Noble Corporation.
Other Key PicksInvestors interested in the energy sector may consider some other top-ranked stocks like Suncor Energy Inc. (SU - Free Report) and Par Pacific Holdings, Inc. (PARR - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Alberta-based Suncor Energy is Canada's premier integrated energy company. The company's operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining and product marketing. The Zacks Consensus Estimate for SU’s 2026 earnings indicates 114.2% year-over-year growth.
Houston, TX-based Par Pacific Holdings is a growth-oriented energy company supplying conventional and renewable fuels across the western United States. Its integrated platform sources crude, refines transportation fuels and distributes products. The Zacks Consensus Estimate for PARR’s 2026 revenues indicates 123.8% year-over-year growth.
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) wins major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies. The agreement includes drilling and completions services for a long-term program. Halliburton will deploy a fully integrated, digital and automation execution model that unites planning, engineering, and operations to improve performance, accelerate learning, and reduce total cost of ownership throughout well co.
Halliburton (HAL - Free Report) ended the recent trading session at $35.21, demonstrating a +2.38% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.79%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 1.55%.
Shares of the provider of drilling services to oil and gas operators have depreciated by 13.16% over the course of the past month, underperforming the Oils-Energy sector's loss of 3.33%, and the S&P 500's gain of 4.28%.
Analysts and investors alike will be keeping a close eye on the performance of Halliburton in its upcoming earnings disclosure. The company's earnings report is set to go public on July 21, 2026. On that day, Halliburton is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 1.82%. Meanwhile, our latest consensus estimate is calling for revenue of $5.48 billion, down 0.5% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.34 per share and a revenue of $22.23 billion, demonstrating changes of -3.31% and +0.23%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Halliburton. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.09% higher within the past month. Halliburton is currently a Zacks Rank #2 (Buy).
With respect to valuation, Halliburton is currently being traded at a Forward P/E ratio of 14.67. This indicates a discount in contrast to its industry's Forward P/E of 22.27.
We can additionally observe that HAL currently boasts a PEG ratio of 1.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 2.06 based on yesterday's closing prices.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Halliburton (NYSE: HAL) wins major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies. The agreement includes drilling and completions services for a long-term program. Halliburton will deploy a fully integrated, digital and automation execution model that unites planning, engineering, and operations to improve performance, accelerate learning, and reduce total cost of ownership throughout well construction.
“This award reflects the value of integrated execution, collaboration, and digital technology in complex deepwater developments,” said Franco Delano, vice president, Caribbean, Halliburton. “The GranMorgu project demonstrates how aligned teams and advanced well construction capabilities support safe, efficient delivery and maximize asset value for our customers.”
Halliburton will apply integrated digital workflows, real time data and remote operations control for drilling and completions to improve well placement accuracy, and delivery assurance. These capabilities connect surface operations with subsurface execution to enhance recovery while lowering total cost of ownership for TotalEnergies.
The project supports local capability development through major infrastructure investment and collaboration with local suppliers. As part of the project scope, Halliburton worked with local suppliers to upgrade its liquid mud and cement plant. The company also supported the construction of Suriname’s first state-of-the-art completions and drilling workshop, featuring advanced maintenance and repair capabilities.
Halliburton will prioritize local talent acquisition and suppliers to support national economic growth. The project supports the expansion of Suriname’s offshore energy industry and establishes a benchmark through the first global alliance between Halliburton, TotalEnergies, and Noble.
About Halliburton
Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260713936982/en/
Halliburton (NYSE: HAL) wins major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies.
Investors looking for stocks in the Oil and Gas - Field Services sector might want to consider either Halliburton (HAL - Free Report) or FMC Technologies (FTI - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Currently, Halliburton has a Zacks Rank of #2 (Buy), while FMC Technologies has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that HAL is likely seeing its earnings outlook improve to a greater extent. However, value investors will care about much more than just this.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
HAL currently has a forward P/E ratio of 14.55, while FTI has a forward P/E of 23.47. We also note that HAL has a PEG ratio of 1.47. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. FTI currently has a PEG ratio of 1.50.
Another notable valuation metric for HAL is its P/B ratio of 2.63. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, FTI has a P/B of 8.34.
These metrics, and several others, help HAL earn a Value grade of B, while FTI has been given a Value grade of C.
HAL sticks out from FTI in both our Zacks Rank and Style Scores models, so value investors will likely feel that HAL is the better option right now.
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) today announced the successful deployment of LOGIX™ automation and remote operations on a deepwater exploration well with Eni offshore Indonesia. The operation marks a series of industry and regional firsts that advance closed loop drilling automation and demonstrate performance at scale in complex offshore environments. Global integration of full rig automation with Managed Pressure Drilling (MPD) marked the first deployment of this capability.
Key Takeaways Halliburton will manage engineering, drilling, production and reservoir operations under one contract.HAL's project targets up to 150,000 bopd at Bin Umar and 100,000 bopd at Sindbad.Halliburton will deploy advanced technologies to boost efficiency, gas recovery and field performance. Halliburton (HAL - Free Report) has strengthened its footprint in the Middle East after securing an integrated management contract from Iraq’s Basra Oil Company to develop the Bin Umar and Sindbad oil fields. The agreement supports Iraq’s long-term strategy to unlock greater value from its hydrocarbon resources while modernizing field operations through advanced technology and international expertise. The project also reflects the Iraqi government’s commitment to increasing production capacity and improving energy infrastructure across one of the country's most productive oil regions.
Halliburton Expands Its Role in Iraq’s Upstream IndustryThe latest contract highlights Halliburton’s growing importance in Iraq’s upstream oil and gas sector. Rather than providing a single service, the company will oversee an integrated development program that combines engineering, drilling, production optimization, reservoir management and operational planning under one framework.
This model enables faster decision-making, improved coordination between technical teams and greater operational efficiency throughout the life of the project. For Iraq, partnering with an experienced global energy services company helps accelerate development timelines while ensuring projects are executed using internationally recognized standards and modern technologies.
Development Targets for Bin Umar and Sindbad Oil FieldsThe agreement includes ambitious production objectives for both oil fields. Bin Umar is expected to increase crude oil production to 150,000 barrels of oil per day (bopd) over the coming years, while associated gas production is targeted to reach 300 million standard cubic feet per day (MMscf/d).
At the Sindbad oil field, crude output is planned to reach between 80,000 bopd and 100,000 bopd, with associated gas production expected in the range of 240-260 MMscf/d.
These production goals form part of Iraq’s broader strategy to maximize existing field potential while strengthening the country's position as one of the world's leading oil producers.
Integrated Field Management Offers Long-Term Operational BenefitsIntegrated management contracts have become increasingly popular across the global energy industry because they simplify complex field operations. Instead of relying on multiple contractors working independently, a single company coordinates engineering, drilling, production, maintenance, logistics and technical services through a unified management structure.
This approach improves communication between project teams, reduces operational delays and allows faster implementation of technical solutions. It also provides operators with greater visibility across every stage of field development, enabling better resource allocation and more consistent production performance.
For large producing assets such as Bin Umar and Sindbad, integrated management creates opportunities to enhance efficiency while maintaining safe and reliable operations.
Basra Continues to Drive Iraq’s Oil Production GrowthBasra governorate remains the foundation of Iraq’s petroleum industry, accounting for the majority of the country’s crude oil production and exports. Continued investment in fields across the region plays a vital role in supporting government revenues, attracting international partnerships and maintaining export capacity.
Projects that focus on improving mature oil fields are particularly valuable because they increase production without requiring entirely new discoveries. By optimizing existing assets, Iraq can generate stronger returns from proven reserves while making better use of existing infrastructure.
The partnership reinforces Basra’s position as the center of Iraq’s energy sector and demonstrates continued confidence in the region’s long-term production potential.
Associated Gas Development Supports Iraq’s Energy SecurityBeyond crude oil, the project places significant emphasis on recovering associated natural gas that is produced alongside oil. Increasing gas capture has become a national priority as Iraq works to reduce flaring and expand domestic energy supplies.
Higher gas production can provide additional fuel for electricity generation, support industrial development and reduce dependence on imported energy resources. Capturing more associated gas also improves overall resource efficiency by ensuring valuable hydrocarbons are utilized instead of being wasted.
As demand for cleaner and more reliable energy continues to grow, investments in gas infrastructure will play an increasingly important role in Iraq’s broader energy strategy.
Advanced Technology Will Enhance Field PerformanceHouston-based oil and gas equipment and services company brings decades of experience in deploying advanced technologies across complex oil and gas developments worldwide. Digital reservoir analysis, intelligent drilling systems, production monitoring, well optimization and data-driven decision-making have become essential tools for maximizing field performance.
These technologies help operators identify production opportunities more quickly, improve recovery rates, minimize downtime and optimize long-term asset management. The integration of digital solutions also enables continuous monitoring, allowing technical teams to respond rapidly to changing reservoir conditions and operational requirements.
Applying these capabilities to the Bin Umar and Sindbad developments is expected to improve efficiency while supporting sustainable production growth throughout the project lifecycle.
Economic Benefits Extend Beyond Oil ProductionThe agreement is expected to generate broader economic value by encouraging investment, supporting local supply chains and creating opportunities for workforce development. Large-scale energy projects typically require collaboration with domestic contractors, equipment suppliers, logistics providers and technical specialists, contributing to wider economic activity across the region.
Knowledge transfer from international service companies also helps strengthen local technical expertise, providing long-term benefits for Iraq’s energy workforce. As operational capabilities continue to improve, future upstream projects can benefit from enhanced skills, stronger infrastructure and greater project management experience.
These indirect benefits make integrated development agreements valuable not only for production growth but also for supporting the long-term development of Iraq’s energy sector.
Positive Outlook for Halliburton and Iraq’s Energy FutureHalliburton’s integrated management contract for the Bin Umar and Sindbad oil fields represents another significant milestone in Iraq’s efforts to expand oil and gas production through international collaboration. By combining advanced technology, operational expertise and comprehensive field management, the partnership supports the country's objective of maximizing existing resources while improving efficiency across critical upstream assets.
As development progresses, the project is expected to strengthen Iraq’s production capacity, enhance domestic energy security through greater gas utilization and reinforce Halliburton’s position as a trusted partner in delivering large-scale energy projects across the Middle East. With sustained investment and effective execution, the agreement has the potential to contribute meaningfully to Iraq’s long-term economic growth and the continued evolution of its oil and gas industry.
HAL's Zacks Rank & Key PicksCurrently, HAL has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like ARKO Petroleum Corp. (APC - Free Report) ,Paramount Resources (PRMRF - Free Report) ,and Cenovus Energy (CVE - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
ARKO Petroleum is valued at $236.45 million. It is a small-cap fuel distribution company that distributes motor fuel through wholesale, fleet fueling and fuel supply operations, serving customers across more than 30 U.S. states. ARKO Petroleum stock has delivered an approximately 10.2% return over the past year.
Paramount Resources is valued at $2.83 billion. It is a Canadian energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids. Paramount Resources stock has delivered 28.9% total return over the past year.
Cenovus Energy is valued at $45.32 billion. It is a Canadian integrated energy company engaged in the production of crude oil and natural gas, as well as refining, upgrading and marketing petroleum products, operating across Canada, the United States and the Asia-Pacific region. Cenovus Energy stock has delivered a 72.6% total return over the past year.
Halliburton (HAL - Free Report) closed at $33.01 in the latest trading session, marking a -2.77% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Prior to today's trading, shares of the provider of drilling services to oil and gas operators had lost 15.4% lagged the Oils-Energy sector's loss of 4.76% and the S&P 500's loss of 1.21%.
The upcoming earnings release of Halliburton will be of great interest to investors. The company's earnings report is expected on July 21, 2026. On that day, Halliburton is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 1.82%. Our most recent consensus estimate is calling for quarterly revenue of $5.48 billion, down 0.5% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.34 per share and a revenue of $22.23 billion, demonstrating changes of -3.31% and +0.21%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Halliburton. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Halliburton currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Halliburton is presently trading at a Forward P/E ratio of 14.49. This represents a discount compared to its industry average Forward P/E of 21.44.
Also, we should mention that HAL has a PEG ratio of 1.47. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Field Services industry held an average PEG ratio of 2.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 162, this industry ranks in the bottom 35% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Key Takeaways HAL partnered with Shape Digital to integrate Digital Field Solver with AI platforms for asset management.HAL's integrated platform connects reservoir, production, equipment and operational data in real time.Halliburton says the solution supports production planning, energy efficiency, safety and reliability. Halliburton (HAL - Free Report) has entered into a strategic collaboration with Shape Digital, a technology company spun out of MODEC, to accelerate the next generation of digital asset performance management, according to Offshore Energy. By combining advanced subsurface intelligence with surface operational data, the partnership aims to provide energy operators with a unified view of their assets, enabling smarter production planning, stronger operational efficiency, enhanced equipment reliability and improved safety throughout the entire asset lifecycle.
The collaboration brings together Halliburton Landmark's Digital Field Solver (“DFS”) with Shape Digital's artificial intelligence portfolio, including Lighthouse, Aura and Reef. This integrated approach allows operators to move beyond isolated decision-making by connecting reservoir models, production systems, equipment health and operational performance into a single intelligent platform.
Unified Digital Ecosystem for Better Production DecisionsModern energy production requires continuous coordination between reservoirs, wells, processing facilities, production networks and critical equipment. Traditionally, these systems have often been managed separately, creating information gaps that can delay decision-making and reduce operational efficiency.
Through this partnership, Halliburton and Shape Digital are addressing these challenges by creating a unified digital ecosystem that integrates both subsurface and surface intelligence. The combined solution allows production teams to evaluate reservoir behavior alongside equipment performance, facility constraints and operational conditions in real time.
This comprehensive visibility enables organizations to make informed decisions faster while maintaining alignment between production targets and operational capabilities.
HAL’s Landmark DFS Strengthens Production OptimizationAt the center of the collaboration is HAL's DFS, a decision support platform designed to integrate reservoir simulations, well performance analysis and production network optimization.
DFS creates a dynamic representation of the complete production environment, allowing engineers and operators to evaluate how changes in one part of the system affect the entire asset. Rather than focusing solely on reservoir output or equipment status, DFS provides a holistic understanding of production performance.
When combined with Shape Digital's AI-powered operational intelligence, the platform becomes even more powerful by incorporating live operational data into production planning.
AI Enhances Equipment Reliability and Operational VisibilityShape Digital contributes advanced artificial intelligence (“AI”) capabilities through its Lighthouse, Aura and Reef platforms. These solutions continuously analyze both historical and real-time equipment data to identify performance trends, predict potential failures and detect operational anomalies before they develop into larger issues.
The AI systems evaluate equipment behavior while Halliburton's production models provide the broader operational context needed to understand how equipment conditions influence flow rates, production constraints and overall field performance.
This integration enables maintenance teams and production engineers to proactively manage operations instead of reacting to unexpected equipment failures.
Integrated Production Planning Improves Operational EfficiencyOne of the primary advantages of the collaboration is its ability to improve integrated production planning.
Reservoir conditions, well performance, facility limitations and equipment reliability constantly evolve throughout the production lifecycle. Managing these variables independently often leads to inconsistent production strategies and operational inefficiencies.
By combining engineering models with operational intelligence, Halliburton and Shape Digital provide a connected view that helps operators evaluate changing conditions across the entire production system. This integrated planning process supports more accurate production forecasts while ensuring operational decisions remain aligned with current asset performance.
The result is greater production consistency and improved resource utilization across upstream operations.
Balancing Energy Efficiency With Production TargetsEnergy efficiency has become an increasingly important objective for oil and gas operators seeking to reduce operating costs while lowering emissions.
The integrated platform enables organizations to evaluate production objectives alongside energy consumption, allowing engineers to identify opportunities for improved efficiency without sacrificing output.
Instead of treating energy management as an isolated initiative, operators can optimize both production performance and energy utilization simultaneously through data-driven decision-making.
This capability supports long-term sustainability objectives while maintaining operational profitability.
Strengthening Safety and Asset Integrity Across Production FacilitiesSafety remains one of the most critical priorities in oil and gas operations. The combined technology platform helps improve safety by providing continuous visibility into equipment condition, operational risks and production system performance.
AI continuously monitors operational behavior, identifying early indicators of equipment degradation or abnormal operating conditions. When integrated with Halliburton's production models, these insights help operators understand how technical issues may impact the wider production system.
This proactive approach allows organizations to address potential risks before they escalate, supporting stronger asset integrity and reducing operational disruptions.
Real-Time Operational Intelligence Supports Faster Decision-MakingProduction environments are constantly changing due to fluctuating reservoir conditions, equipment performance, market demands and operational constraints.
Halliburton and Shape Digital's integrated solution enables continuous monitoring of these variables, allowing production teams to respond rapidly to changing operating conditions.
Rather than relying solely on scheduled reporting or historical analysis, operators gain access to real-time intelligence that supports faster, more consistent operational decisions.
This increased responsiveness improves production stability while minimizing downtime and operational uncertainty.
MODEC Expands Its Digital Transformation StrategyAs the parent organization behind Shape Digital, MODEC continues to invest heavily in digital innovation across its global operations.
The company has developed decades of expertise in floating production, storage and offloading engineering, procurement, construction, installation, leasing and operations. Shape Digital serves as the vehicle for extending that operational knowledge into the broader energy industry through advanced digital technologies.
Its growing portfolio includes predictive maintenance systems, AI-enabled digital twins, greenhouse gas reduction technologies and digital barrier management solutions designed to improve operational efficiency and safety.
MODEC also continues expanding its internal Digital & Analytics capabilities, transforming operational data into actionable intelligence that supports safer, more reliable and cost-effective production.
Digital Asset Performance Management: A Competitive AdvantageAs oil and gas assets become increasingly interconnected, operators require solutions capable of integrating engineering expertise, operational intelligence and artificial intelligence into one comprehensive decision framework.
The collaboration between HAL and Shape Digital reflects a broader industry shift toward intelligent production systems where every operational decision is supported by real-time data, predictive analytics and system-wide visibility.
Rather than managing reservoirs, wells, facilities and equipment independently, operators can now evaluate the complete production environment as a connected asset. This unified perspective enables more accurate forecasting, earlier identification of production constraints, stronger maintenance planning, enhanced operational resilience and improved business performance.
ConclusionThe partnership enhances digital asset performance management by combining Halliburton Landmark's DFS with Shape Digital's AI-driven operational intelligence. This integrated platform improves production planning, equipment reliability, energy efficiency, safety and operational decision-making, helping energy operators maximize asset performance while supporting long-term efficiency and reliability.
HAL's Zacks Rank & Key PicksCurrently, HAL has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Delek US Holdings (DK - Free Report) and Crescent Energy Company (CRGY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) and Phillips 66 (PSX - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Delek US is valued at $2.93 billion. It is a U.S.-based downstream energy company that focuses on refining crude oil and distributing petroleum products. Headquartered in Brentwood, TN, Delek US operates through two main segments: refining and logistics.
Crescent Energy is valued at $3.34 billion. It is an independent U.S. energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas, and natural gas liquids. Crescent Energy operates primarily in the Eagle Ford, Permian and Uinta basins.
Phillips 66 is valued at $68.82 billion. It is a diversified energy company that refines crude oil, markets petroleum products, and operates midstream, chemicals, and renewable fuels businesses. Phillips 66 operates across the United States and internationally.
In the latest trading session, Halliburton (HAL - Free Report) closed at $34.67, marking a +2.27% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.01% for the day. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
The stock of provider of drilling services to oil and gas operators has fallen by 14.39% in the past month, lagging the Oils-Energy sector's loss of 9.23% and the S&P 500's loss of 1.4%.
The upcoming earnings release of Halliburton will be of great interest to investors. The company's earnings report is expected on July 21, 2026. The company's upcoming EPS is projected at $0.54, signifying a 1.82% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.48 billion, indicating a 0.5% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.34 per share and revenue of $22.23 billion. These totals would mark changes of -3.31% and +0.21%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Halliburton. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Halliburton is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Halliburton is currently trading at a Forward P/E ratio of 14.47. This signifies a discount in comparison to the average Forward P/E of 20.38 for its industry.
Meanwhile, HAL's PEG ratio is currently 1.47. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Field Services industry had an average PEG ratio of 2.03 as trading concluded yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Halliburton (HAL - Free Report) closed the most recent trading day at $38.18, moving -3.59% from the previous trading session. This change lagged the S&P 500's 1.65% gain on the day. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Shares of the provider of drilling services to oil and gas operators witnessed a loss of 5.17% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 2.71%, and the S&P 500's gain of 0.48%.
The investment community will be closely monitoring the performance of Halliburton in its forthcoming earnings report. The company is scheduled to release its earnings on July 21, 2026. The company's earnings per share (EPS) are projected to be $0.54, reflecting a 1.82% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.48 billion, indicating a 0.5% decrease compared to the same quarter of the previous year.
HAL's full-year Zacks Consensus Estimates are calling for earnings of $2.34 per share and revenue of $22.23 billion. These results would represent year-over-year changes of -3.31% and +0.21%, respectively.
It is also important to note the recent changes to analyst estimates for Halliburton. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.15% upward. Halliburton is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Halliburton is holding a Forward P/E ratio of 16.91. This valuation marks a discount compared to its industry average Forward P/E of 23.71.
Also, we should mention that HAL has a PEG ratio of 1.71. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Field Services industry currently had an average PEG ratio of 2.25 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 196, finds itself in the bottom 20% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Key Takeaways NBR posted Q1 revenue growth and a narrower loss, beating estimates on strong International Drilling.NBR's International segment boosted EBITDA and rig count, with newbuild deployments in Saudi Arabia.NBR lowered debt, improved free cash flow and guided higher rig activity and margins for Q2. Nabors Industries Ltd. (NBR - Free Report) reported a first-quarter 2026 adjusted loss of $1.54 per share, narrower than the Zacks Consensus Estimate of a loss of $2.39. Additionally, the metric is significantly above the prior-year quarter’s reported loss of $7.5 per share. This outperformance was mainly driven by higher adjusted operating income from its International Drilling segment.
The oil and gas drilling company’s operating revenues of $783.5 million beat the Zacks Consensus Estimate of $779 million. The top line also increased from the year-ago quarter’s $736.2 million, primarily supported by higher contributions from the U.S. Drilling, International Drilling and Drilling Solutions segments.
Adjusted EBITDA totaled $204.8 million, down from $206.3 million in the prior-year quarter and $221.6 million in the fourth quarter of 2025. The metric was also below our model estimate of $227.8 million.
NBR’s Segmental PerformancesU.S. Drilling generated operating revenues of $241.1 million, up from the year-ago quarter’s $230.7 million and slightly higher than the prior quarter’s $240.6 million. However, the figure missed our model estimate of $252.1 million.
Operating profit totaled $24.6 million compared with $31.6 million in the year-ago quarter. The figure missed our estimated profit of $33.9 million.
Adjusted EBITDA from the segment totaled $88.1 million, down from $92.7 million a year ago and $93.2 million in the previous quarter. The figure missed our estimated profit of $105.1 million.
Lower 48 average rig count increased to 65.3 rigs from 60.6 rigs in the prior-year quarter and 59.8 rigs in the fourth quarter of 2025. The company noted that it added four rigs in the Lower 48 market during the first quarter, bringing the current working rig count in the region to 66, up eight rigs since November 2025.
International Drilling reported operating revenues of $419.5 million, up from $381.7 million in the year-ago quarter but down from $423.8 million in the fourth quarter. Moreover, the figure beat our estimate of $389.4 million.
Operating profit totaled $40.8 million compared with $33 million in the year-ago quarter. The figure missed our estimated profit of $43.8 million.
The segment’s adjusted EBITDA was $121.3 million, compared with $115.5 million a year ago and $131.3 million in the preceding quarter. The figure beat our estimate of $120.6 million. Average rigs working increased to 92.6 from 85 in the year-ago period.
Nabors stated that its SANAD land drilling joint venture deployed one newbuild rig in Saudi Arabia during the quarter, bringing total newbuild deployments to 15. Four more newbuilds are scheduled for 2026. The company also reactivated one previously suspended SANAD rig, with another resumption expected in the second quarter.
Drilling Solutions recorded operating revenues of $106.2 million, up from $93.2 million a year ago but down from $107.9 million in the prior quarter. The figure missed our estimate of $110 million.
Operating profit totaled $31.9 million compared with $32.9 million in the year-ago quarter. The figure also missed our estimated profit of $33.9 million.
Adjusted EBITDA totaled $38.7 million, compared with $40.9 million in the year-ago quarter and $41.3 million in the fourth quarter. Moreover, the figure slightly missed our estimate of $39 million.
Rig Technologies generated operating revenues of $27.2 million, down from $44.2 million in the year-ago quarter and $37.7 million in the previous quarter. Moreover, the figure missed our estimate of $38 million.
Operating loss totaled $1.9 million in contrast to an operating profit of $4.3 million in the year-ago quarter. The figure missed our estimated profit of $1.1 million.
The segment’s adjusted EBITDA was $0.5 million, compared with $5.6 million a year ago and $4.9 million in the prior quarter. The figure also missed our estimate of $2 million.
NBR’s Financial Position
Nabors’ total costs and expenses increased to $765.3 million from $670.6 million in the year-ago quarter. However, the amount was lower than our prediction of $779 million. As of March 31, 2026, Nabors had $500.9 million in cash and short-term investments. Long-term debt was about $2.1 billion, with a debt-to-capitalization of 78.8%.
During the quarter, Nabors redeemed the remaining outstanding balance of its 2028 notes, reducing total debt to $2.1 billion. Since year-end 2024, the company has reduced total debt by $386 million. Its next debt maturity is $250 million due in 2029, and the weighted average debt maturity has been extended to more than five years.
Net cash provided by operating activities was $113.3 million in the first quarter. Capital expenditures, net of proceeds from asset sales, totaled $161.6 million, resulting in adjusted free cash flow of negative $48.2 million. This marked an improvement from negative $61.2 million in the year-ago quarter.
NBR’s Q2 & 2026 GuidanceFor the second quarter of 2026, Nabors expects the Lower 48 average rig count to be in the range of 67-68 rigs, with a Lower 48 daily adjusted gross margin of approximately $13,300. Alaska and Gulf of America combined adjusted EBITDA is expected to be around $15 million.
For International Drilling, the company expects an average rig count of 93-95 rigs and a daily adjusted gross margin of approximately $17,400-$17,500. Drilling Solutions adjusted EBITDA is projected at about $39 million, while Rig Technologies adjusted EBITDA is expected to be around $3 million.
This Zacks Rank #2 (Buy) company expects second-quarter capital expenditures of $180-$190 million, including $75-$80 million for newbuilds in Saudi Arabia. The company also projects adjusted free cash flow of approximately $10 million, including free cash consumption at SANAD of around $10 million.
With activity on the rise, the company anticipates maintaining a measured approach to capital allocation, targeting full-year spending in the previously guided range of $730-$760 million, including $360-$380 million for the SANAD newbuilds.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Important Earnings at a GlanceWhile we have discussed NBR’s first-quarter results in detail, let us take a look at three other key reports in this space.
Houston, TX-based oil and gas equipment and services provider, Halliburton Company (HAL - Free Report) , posted first-quarter 2026 adjusted net income per share of 55 cents, beating the Zacks Consensus Estimate of 49 cents. The outperformance primarily reflects successful cost reduction initiatives. However, the bottom line fell from the year-ago adjusted profit of 60 cents.
Halliburton reported first-quarter capital expenditure of $192 million. As of March 31, 2026, this Houston, TX-based oil and gas equipment and services company had approximately $2 billion in cash/cash equivalents and $7.1 billion in long-term debt, representing a debt-to-capitalization ratio of 39.6.
Houston, TX-based oil and gas storage and transportation company,Kinder Morgan Inc. (KMI - Free Report) , posted first-quarter 2026 adjusted earnings per share of 48 cents, which beat the Zacks Consensus Estimate of 38 cents. The bottom line increased year over year from 34 cents. The strong quarterly results can be primarily attributed to contributions from the Natural Gas Pipelines business segment.
As of March 31, 2026, KMI reported $72 million in cash and cash equivalents. At the quarter's end, its long-term debt amounted to $29.72 billion. KMI’s project backlog was reported at $10.1 billion by the end of the first quarter. The midstream energy major added that natural gas projects comprise approximately 92% of its project backlog, with nearly 60% dedicated to supporting local distribution companies and power generation.
Fort Worth, TX-based oil and gas exploration and production company, Range Resources Corporation (RRC - Free Report) , posted first-quarter 2026 adjusted earnings of $1.52 per share, which beat the Zacks Consensus Estimate of $1.33. The bottom line also improved from the prior-year level of 96 cents. Strong quarterly results can be attributed to higher gas-equivalent production and increased natural gas price realization.
Drilling and completion expenditure totaled $130 million. An additional $5 million was spent on acreage and $4 million on infrastructure and other investments. At the end of the first quarter, Range Resources reported a total debt of $819.3 million, net of deferred financing costs.
Key Takeaways Core Laboratories posted Q1 EPS of 6 cents, matching estimates but down from 8 cents a year ago.CLB's revenues fell to $121.8M, missing estimates due to Middle East disruptions and delayed projects.Segment weakness tied to conflict, weather and low U.S. drilling, pressuring income and activity levels. Core Laboratories Inc. (CLB - Free Report) reported first-quarter 2026 adjusted earnings of 6 cents per share, which were in line with the Zacks Consensus Estimate. However, the bottom line decreased from the year-ago quarter’s reported figure of 8 cents due to the underperformance of both Reservoir Description and Production Enhancement segments.
This oilfield service provider reported first-quarter operating revenues of $121.8 million, missing the Zacks Consensus Estimate of $123 million and decreasing from the earlier-year quarter’s reported figure of $124 million. This can be attributed to the closure of many client offices in the Middle East that resulted in project delays and the suspension of hydrocarbon production.
During the first quarter, the company repurchased 51,781shares of common stock for a total of $0.9 million. CLB’s debt leverage ratio was at 1.20 and net debt increased by $3.9 million.
CLB’s Q1 Segmental PerformanceReservoir Description: Revenues in this segment increased 1.3% from the year-ago quarter to $81.9 million. Moreover, the top line beat our estimation of $81 million.
Operating income decreased from $2.3 million in the year-ago period to $1.1 million and missed our estimate of $14.5 million, caused by two primary factors: the conflict in the Middle East and severe weather events across North America and the Mediterranean region, which also disrupted client operations and the demand for laboratory services in the quarter.
Production Enhancement: This segment’s revenues decreased 6.6% to $39.9 million from $42.7 million in the prior-year quarter. Moreover, the top line missed our estimate of $42.05 million.
Operating income decreased from $1.5 million in the year-ago period to $0.8 million. Moreover, the operating income from this segment missed our estimate of $3.7 million. The underperformance in the Production Enhancement segment can be attributed to low U.S. land drilling and completion activity and the Middle East conflict that disrupted and delayed product shipments into the region.
Costs & Expenses of CLBCLB reported total costs and expenses of $119.9 million in the first quarter, increasing by 0.6% from the year-ago quarter’s level of $119.2 million. Our estimation for the metric was $115.9 million.
Details of CLB’s Financials & DividendsAs of March 31, 2026, the company had cash and cash equivalents of $22.8 million and long-term debt of $114.5 million. CLB’s debt-to-capitalization was 29.4%.
Net cash provided by operating activities in the first quarter totaled $4 million, while capital expenditure amounted to $3.4 million. This led to a positive free cash flow of $0.5 million.
Core Laboratories’ board of directors approved a quarterly dividend of 1 cent per share to its common shareholders of record as of May 11, 2026. The payout, which remains unchanged from the previous quarter, will be made on June 01.
Management Remarks & Outlook for Q2 & 2026Near-term oil markets remain volatile due to Middle East geopolitical risks, sanctions, trade policy shifts and OPEC+ output decisions. Despite this, a sustained multi-year cycle of global offshore exploration is needed to meet future demand, supporting a positive long-term outlook for Core Laboratories. However, disruptions in the Middle East are impacting operations through project delays, logistics challenges and restricted sample movement across its global lab network. Reservoir Description and service-based Production Enhancement segments are most affected, while product shipments face selective delays. Weak U.S. onshore activity persists, though demand for diagnostics and optimization solutions offers partial support amid rising input costs and supply chain uncertainties.
For the second quarter of 2026, CLB expects revenues to range from $123 million to $131 million. Operating income is anticipated to be between $6.4 million and $10.2 million, with earnings per share expected to be between 6 cents and 12 cents.
Revenues for the Reservoir Description segment are anticipated to be between $77.5 million and $82.5 million, with operating income ranging from $3.5 million to $5.37 million.
Revenues for the Production Enhancement segment are expected to be between $45.5 million and $48.5 million, with operating income predicted to be between $2.8 million and $4.7 million.
The company anticipates an effective tax rate of 25% for the second quarter. Its guidance for the second quarter of 2026 is based on estimates for underlying operations and excludes any gains or losses from foreign exchange.
IEA, EIA and OPEC project 2026 oil demand to grow by 0.6-1.4 million barrels per day, signaling supportive long-term fundamentals despite short-term volatility. At the same time, rising natural decline rates in existing fields pose a structural supply risk, underscoring the need for continued upstream investment. Recent geopolitical disruptions, including major supply outages, have tightened global supply by roughly 20%, highlighting energy security concerns. In the United States, production growth is expected to stay moderate due to capital discipline and maturing shale assets. Overall, these dynamics point to increased reliance on international, offshore and conventional exploration to meet future demand.
Key Projects & Technology AdvancementsIn the fourth quarter of 2025, Core Laboratories expanded its RF-safe product portfolio with the commercial launch of its proprietary RF-5TF™ detonator. Designed to resist interference from radio frequency energy and stray voltage, these detonators enhance safety during perforating operations by reducing the risk of unintended activation. The technology allows normal rig activities to continue without disruption, while its next-generation design removes the need for field assembly, simplifying handling and wiring at the wellsite.
Following successful field trials in the first quarter of 2026, the RF-5TF™ was deployed across multiple regions, including the Middle East, Asia, Europe and the United Kingdom. The system delivered a 100% success rate across diverse onshore and offshore environments, leading several service providers and operators to adopt it as their preferred RF-safe detonator.
During the same quarter, CLB’s PackScan® density logging technology proved instrumental in assisting an offshore operator in Trinidad to mitigate completion risks and avoid a potential multimillion-dollar failure. In gravel pack completions, ensuring that the sand control screen is fully packed is critical to maintaining well integrity and long-term production. Using the washpipe-deployed PackScan® tool, the operator identified that the gravel pack had not been effectively placed, likely due to gravel loss deeper in the well.
Armed with this insight, the operator intervened before production began, replacing the completion hardware and performing a second gravel pack operation. A subsequent PackScan® run confirmed proper placement, allowing the well to proceed to production with reduced risk. This case underscores the value of Core Laboratories’ completion diagnostics in safeguarding investments, enhancing reliability and supporting sustained production in complex offshore operations.
Core Laboratoriescurrently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Important Earnings at a GlanceWhile we have discussed CLB’s first-quarter results in detail, let us take a look at three other key reports in the Oil/Energy space.
A leading oilfield services company,Schlumberger Limited (SLB - Free Report) , reported first-quarter 2026 earnings of 52 cents per share (excluding charges and credits), which beat the Zacks Consensus Estimate of 51 cents by 1.96%. The bottom line declined 28% from 72 cents in the year-ago quarter.
The oilfield services giant recorded total quarterly revenues of $8.72 billion, which topped the Zacks Consensus Estimate of $8.63 billion. The top line increased from the year-ago quarter’s figure of $8.49 billion.
The better-than-expected quarterly results were primarily driven by revenue increases in the Digital segment and contributions from the ChampionX acquisition. However, operational disruptions due to the Middle East conflict affected the Reservoir Performance and the Well Construction segments.
As of March 31, 2026, the company had approximately $3.39 billion in cash and short-term investments. It had long-term debt of $9.67 billion at the end of the quarter.
Another oil and gas equipment and services provider, Halliburton Company (HAL - Free Report) , reported first-quarter 2026 adjusted net income per share of 55 cents, beating the Zacks Consensus Estimate of 49 cents. The outperformance primarily reflects successful cost reduction initiatives. However, the bottom line fell from the year-ago adjusted profit of 60 cents due to softer activity in the North American region and the negative impact of geopolitical conflict in the Middle East, which hurt both of the company’s segments.
Meanwhile, Houston, TX-based oil and gas equipment and services company’s revenues of $5.4 billion were 0.3% lower year over year but beat the Zacks Consensus Estimate of $5.3 billion.
As of March 31, 2026, the company had approximately $2 billion in cash/cash equivalents and $7.1 billion in long-term debt, representing a debt-to-capitalization ratio of 39.6.
The North American oilfield services company, Liberty Energy (LBRT - Free Report) , reported a first-quarter 2026 adjusted net profit of 6 cents per share, in contrast to the Zacks Consensus Estimate of a loss of 13 cents. The outperformance was driven by the company’s focus on technological innovation and strong operational execution. Moreover, the bottom line increased from the year-ago quarter’s profit of 4 cents.
LBRT's revenues totaled $1 billion, which beat the Zacks Consensus Estimate of $949 million. The top line also increased from the prior-year quarter’s $977 million by 4%, supported by elevated activity levels.
As of March 31, Liberty Energy had approximately $699.1 million in cash and cash equivalents. The pressure pumper’s long-term debt of $1.3 billion represented a debt-to-capitalization of 39.6%.
Item 1 of 2 The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson/File Photo
[1/2]The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson/File Photo Purchase Licensing Rights, opens new tab
CompaniesMay 11 (Reuters) - Energy startup VoltaGrid said on Monday it has signed agreements for $1 billion in equity investment from funds managed by Blackstone Tactical Opportunities (BX.N), opens new tab and oilfield services provider Halliburton (HAL.N), opens new tab.
VoltaGrid said the deal would accelerate the development of power generation solutions for data centers, microgrids and industrial applications.
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The investment is composed of a $775 million capital raise and a $225 million secondary purchase from existing investors.
VoltaGrid said it had also entered a separate deal to acquire one of its suppliers, Propell Energy Technology, for an undisclosed amount.
The transactions are expected to close in mid-2026.
Reporting by Vallari Srivastava in Bengaluru; Editing by Devika Syamnath
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Key Takeaways HAL launched Xaminer Deep Testing for early reservoir evaluation in complex formations.Halliburton's service combines multizone testing and far-field data in one deployment.HAL integrates digital workflows for real-time reservoir analysis and faster decisions. Halliburton (HAL - Free Report) , a Houston, TX-based oil and gas equipment and services company, has unveiled its latest innovation in subsurface reservoir evaluation, the Xaminer Deep Testing logging service, an advanced solution designed to complement the Reservoir Xaminer formation testing service. Engineered in collaboration with operators confronting increasingly complex reservoir challenges, this breakthrough service enables early identification of producibility and reservoir boundaries, offering actionable insights before old drill stem testing.
The Xaminer Deep Testing service addresses heterogeneous, laminated, stacked and varying permeability formations, empowering operators to optimize well planning and accelerate decision-making processes. By integrating operator expertise with Halliburton’s extensive technology, the service provides comprehensive fluid characterization, reservoir connectivity assessment and potential evaluation in a single deployment.
Comprehensive Reservoir Analysis in a Single RunThe Xaminer Deep Testing service leverages an all-inclusive tool string configuration, delivering both near-wellbore and far-field insight. This unified approach eliminates the need for multiple interventions, significantly reducing operational risk while maximizing reservoir understanding. By combining high-resolution pressure measurements, extended investigation radius and multizone capability, operators gain unprecedented clarity on reservoir behavior.
This single-run integration allows for faster, data-driven decisions that streamline well design and enhance development efficiency. Operators can confidently plan completions and future production strategies with a full understanding of fluid distribution and boundary dynamics, ensuring that early-stage decisions align with long-term asset optimization.
Advanced Technology for Complex ReservoirsThe Xaminer Deep Testing service excels in challenging formations, including low-permeability reservoirs, laminated structures and stacked intervals, where conventional testing methods often fall short. Its extended radius of investigation ensures far-field data capture, while high-resolution pressure sensors provide precise measurements critical for multiphase flow analysis.
Multizone capability enables simultaneous evaluation of multiple intervals, providing operators with a holistic view of reservoir connectivity and compartmentalization. This capacity is particularly valuable in heterogeneous reservoirs, where fluid communication between zones can significantly impact production strategies.
Seamless Integration With Digital Reservoir WorkflowsThe Xaminer Deep Testing logging service is fully compatible with Halliburton’s digital reservoir evaluation platforms, facilitating real-time data processing and interpretation. This integration allows operators to make confident, earlier decisions, optimizing well placement, completion design and reservoir development.
By leveraging digital workflows, operators benefit from improved subsurface clarity, accelerated decision cycles and maximized asset value. The service ensures that complex reservoir dynamics are quantified and understood with precision, enabling cost-effective and efficient reservoir management.
Enhanced Decision-Making Through High-Resolution InsightsOne of the core advantages of the Xaminer Deep Testing service is its ability to deliver high-resolution pressure measurements that capture subtle variations in reservoir behavior. These measurements enable accurate identification of fluid contacts, boundaries and reservoir heterogeneities, which are critical for defining optimal production strategies.
By providing near real-time insights, operators can proactively implement adjustments to completion and stimulation designs, avoiding costly delays and improving the efficiency of production operations. The service supports integrated reservoir management, enhancing collaboration between drilling, reservoir engineering and production teams.
Operator Collaboration and Expertise IntegrationThe success of the Xaminer Deep Testing service lies in its operator-driven development process. Halliburton worked closely with operators to ensure the technology meets the practical demands of complex reservoir environments. This collaboration results in a service tailored to real-world challenges, where early-stage reservoir evaluation can dramatically influence asset economics and operational success.
Chris Tevis, vice president of Wireline and Perforating at Halliburton, mentioned that the service provides clarity for multiple intervals, enabling operators to reduce execution risk and make timely, informed decisions. This alignment between technology and operational requirements ensures that the Xaminer Deep Testing service delivers actionable intelligence that drives measurable outcomes.
Maximizing Asset Value Through Integrated TestingThe Xaminer Deep Testing logging service is designed to maximize the value of complex reservoirs. By providing early insights into fluid types, reservoir boundaries and connectivity, operators can make informed decisions that optimize field development strategies and production efficiency.
The combination of integrated tool string design, high-resolution measurement capabilities and digital workflow compatibility ensures that operators gain a complete understanding of reservoir potential in a single intervention. This innovative approach reduces reliance on multiple testing campaigns, shortens decision timelines and supports sustainable asset growth.
Conclusion: Transforming Reservoir EvaluationThe launch of Halliburton’s Xaminer Deep Testing logging service represents a significant advancement in reservoir characterization technology. By addressing the challenges of complex, heterogeneous reservoirs and integrating digital workflows, the service empowers operators to make earlier, more confident decisions, optimize well planning and enhance production outcomes.
Operators seeking to unlock full reservoir potential now have access to a solution that combines precision, speed and actionable insights, setting a new standard for formation testing and subsurface evaluation. Halliburton continues to redefine reservoir intelligence by delivering services that maximize asset value, minimize operational risk and accelerate development timelines.
HAL's Zacks Rank & Key PicksCurrently, HAL carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like APA Corporation (APA - Free Report) , Canadian Natural Resources Limited (CNQ - Free Report) and Diamondback Energy (FANG - Free Report) , sporting a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
APA Corporation is valued at $14.19 billion. It is an independent exploration and production company engaged in developing oil and natural gas assets across the United States, Egypt and the North Sea. APA Corporation focuses on disciplined capital spending and operational efficiency to strengthen production growth and shareholder returns.
Canadian Natural Resources is valued at $101.83 billion. The company is one of Canada’s largest energy producers, with a diversified portfolio that includes crude oil, natural gas and oil sands operations. Canadian Natural Resources’ long-life, low-decline asset base supports stable cash flows and enables it to maintain a strong dividend profile.
Diamondback Energy is valued at $57.84 billion. It is a leading independent oil and gas company primarily operating in the prolific Permian Basin of West Texas. Diamondback Energy is recognized for its low-cost production model, strong free cash flow generation and focus on enhancing shareholder value through dividends and share repurchases.
A month has gone by since the last earnings report for Halliburton (HAL - Free Report) . Shares have added about 8.2% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Halliburton due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Halliburton Company before we dive into how investors and analysts have reacted as of late.
Halliburton Q1 Earnings and Revenues Beat Estimates, Both down Y/YHalliburton reported first-quarter 2026 adjusted net income per share of 55 cents, beating the Zacks Consensus Estimate of 49 cents. The outperformance primarily reflects successful cost reduction initiatives. However, the bottom line fell from the year-ago adjusted profit of 60 cents due to softer activity in the North American region and the negative impact of geopolitical conflict in the Middle East, which hurt both of the company’s segments.
Meanwhile, Houston, TX-based oil and gas equipment and services company’s revenues of $5.4 billion were 0.3% lower year over year but beat the Zacks Consensus Estimate of $5.3 billion.Inside Halliburton’s Regions & Segments
Inside Halliburton’s Regions & SegmentsNorth American revenues fell 4% year over year to $2.1 billion, due to reduced stimulation and artificial lift activity in US Land, along with lower stimulation and fluid services in the Gulf of America, but beat our projection by more than $45 million. On the other hand, revenues from Halliburton’s international operations increased 3% from the year-ago period to $3.3 billion.
The Completion and Production earned $439 million in operating income, lower than last year’s $531 million, due to lower stimulation activity in North America and drops in completion tool sales and pressure pumping services in the Middle East. However, the figure beat our estimate of $427 million, thanks to higher completion tool sales in the Western Hemisphere and stronger pressure pumping services in Africa.
The Drilling and Evaluation unit’s profit fell to $351 million in the first quarter of 2026 from $352 million in the same period of 2025. This decline was caused by lower activity across several product service lines in the Middle East, reduced wireline activity in the Eastern Hemisphere and a drop in fluid services in the Gulf of America. However, the result came in above our $336 million estimate, driven by higher project management activity in Latin America and a rise in drilling-related services across Europe and the Western Hemisphere.
Balance SheetHalliburton reported first-quarter capital expenditure of $192 million. As of March 31, 2026, the company had approximately $2 billion in cash/cash equivalents and $7.1 billion in long-term debt, representing a debt-to-capitalization ratio of 39.6. HAL bought back $100 million worth of its stock and invested $42 million in the SAP S/4 migration during the first quarter of 2026. The company generated $273 million of cash flow from operations in the first quarter, leading to a free cash flow of $123 million.
Management Remarks & OutlookManagement believes that Halliburton is still in the early stages of its recovery in North America. With a clear focus on return on investment and maintaining capital discipline, management is confident that this approach will drive long-term growth and value for both the company and its shareholders.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
VGM ScoresAt this time, Halliburton has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Following the exact same course, the stock has a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Halliburton has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today that its board of directors has declared a 2026 second quarter dividend of seventeen cents ($0.17) a share on the Company’s common stock payable on June 24, 2026, to shareholders of record at the close of business on June 3, 2026.
About Halliburton
Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram and Facebook.
Halliburton Company is evolving beyond its cyclical reputation, demonstrating disciplined capital returns, operational efficiency, and a clear strategic framework under CEO Jeff Miller. HAL's international growth is robust, with Latin America up 22% and Europe/Africa up 11%, offsetting Middle East/Asia declines and diversifying revenue sources. Profitability is improving even in flat revenue environments, with Q1 2026 net income rising to $461M and operating income to $679M, signaling strong operating leverage.
Halliburton (HAL - Free Report) closed the most recent trading day at $41.03, moving +2.24% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.74%. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.89%.
Prior to today's trading, shares of the provider of drilling services to oil and gas operators had lost 3.81% lagged the Oils-Energy sector's loss of 2.67% and the S&P 500's gain of 5.39%.
The investment community will be paying close attention to the earnings performance of Halliburton in its upcoming release. It is anticipated that the company will report an EPS of $0.54, marking a 1.82% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $5.48 billion, indicating a 0.5% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.34 per share and a revenue of $22.23 billion, representing changes of -3.31% and +0.21%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Halliburton. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.15% higher. At present, Halliburton boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Halliburton is currently trading at a Forward P/E ratio of 17.13. This signifies a discount in comparison to the average Forward P/E of 23.33 for its industry.
Meanwhile, HAL's PEG ratio is currently 1.74. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 2.3 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 207, finds itself in the bottom 16% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
DENVER, June 9, 2026 /PRNewswire/ -- Greenland Energy Company (NASDAQ: GLND) ("the Company" or "Greenland Energy"), an oil exploration company focused on East Greenland's Jameson Land Basin, today announced via a shareholder letter operational and strategic updates following its recent public listing, including a services agreement with Halliburton and updates on its 2026 exploration program. Dear Valued Shareholders, As we reach the midpoint of 2026, I am pleased to provide an update on our progress over the past six months.
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) has entered into a multi-year agreement with Pampa Energía to support the digital transformation of its unconventional operations in Vaca Muerta, one of the world’s most significant shale plays. As regional development accelerates, the agreement supports Pampa Energía’s strategy to scale efficiently, strengthen decision-making, and deliver consistent execution within subsurface and operations teams.
“This collaboration is about transforming decision-making and execution, turning insights into outcomes, effectively,” said Tony Antoun, senior vice president, Landmark, Halliburton. “By connecting trusted data, proven science, and industrial grade AI in the workflows teams use, we can help Pampa Energía move from insight to action faster and advance its Vaca Muerta growth strategy with confidence.”
Under the agreement, Halliburton will work with Pampa Energía to deploy an integrated digital transformation program that includes digital orchestration, high-resolution reservoir modeling, logistics optimization, and energy efficiency management. The program aligns data governance, automation, and scientific models to increase decision velocity, strengthen team coordination, and maximize asset value. The approach reflects Halliburton’s focus on configured digital solutions that integrate trusted science into enterprise workflows at scale.
The collaboration supports Pampa Energía’s Vaca Muerta development strategy with a scalable and evolving digital foundation that supports long-term performance in Argentina’s unconventional market. As the company advances plans to expand production by up to 45,000 barrels per day by 2027, the program will help deliver growth with operational consistency and capital efficiency. It also provides a foundation for future digital expansion as development activity increases.
ABOUT HALLIBURTON
Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
Halliburton (NYSE: HAL) has entered into a multi-year agreement with Pampa Energía to support the digital transformation of its unconventional operations in Vaca Muerta, one of the world’s most significant shale plays. As regional development accelerates, the agreement supports Pampa Energía’s strategy to scale efficiently, strengthen decision-making, and deliver consistent execution within subsurface and operations teams.
“This collaboration is about transforming decision-making and execution, turning insights into outcomes, effectively,” said Tony Antoun, senior vice president, Landmark, Halliburton. “By connecting trusted data, proven science, and industrial grade AI in the workflows teams use, we can help Pampa Energía move from insight to action faster and advance its Vaca Muerta growth strategy with confidence.”
Under the agreement, Halliburton will work with Pampa Energía to deploy an integrated digital transformation program that includes digital orchestration, high-resolution reservoir modeling, logistics optimization, and energy efficiency management. The program aligns data governance, automation, and scientific models to increase decision velocity, strengthen team coordination, and maximize asset value. The approach reflects Halliburton’s focus on configured digital solutions that integrate trusted science into enterprise workflows at scale.
The collaboration supports Pampa Energía’s Vaca Muerta development strategy with a scalable and evolving digital foundation that supports long-term performance in Argentina’s unconventional market. As the company advances plans to expand production by up to 45,000 barrels per day by 2027, the program will help deliver growth with operational consistency and capital efficiency. It also provides a foundation for future digital expansion as development activity increases.
ABOUT HALLIBURTON
Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
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