Halliburton (HAL) Earnings: Q3 2026 Results and Next Report Date
Last updated November 2026
Short answer
Halliburton reported revenue of $5.7 billion for Q3 2026, up 2% from a year earlier (Halliburton, Oct 20, 2026). Diluted EPS was $0.50, up 2400% from $0.02. Completion and Production brought in $3,089 million, down 4%. Halliburton next reports around January 20, 2027 (an estimated date). Every figure is from Halliburton's release. Walnut is informational, not investment advice.
HAL Q3 2026 results
In one sentence
Halliburton reported revenue of $5.7 billion for Q3 2026, up 2% from a year earlier (Halliburton, Oct 20, 2026).
| Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $5,703 million | $5,600 million | up 2% |
| Diluted EPS (GAAP) | $0.50 | $0.02 | up 2400% |
| Diluted EPS (adjusted) | $0.60 | $0.58 | up 3% |
| Net income | $417 million | $18.0 million | up 2217% |
The quarter ended September 30, 2026 and Halliburton published the results on October 20, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Halliburton reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.
- Halliburton's release compares Q3 2026 mainly with the previous quarter (Q2 2026). The year-ago figures on this page come from the Q3 2025 column of the release's tables.
- Q3 2025 GAAP EPS of $0.02 included $392 million of pre-tax impairments and other charges and a $125 million tax valuation allowance against U.S. foreign tax credits.
Source: Halliburton Q3 2026 results, October 20, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.
HAL revenue by segment
How Halliburton splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.
| Revenue by operating segment | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Completion and Production | $3,089 million | $3,223 million | down 4% |
| Drilling and Evaluation | $2,614 million | $2,377 million | up 10% |
- Halliburton's Completion and Production revenue was $3.1 billion in Q3 2026, down 4% from $3.2 billion in Q3 2025, 54% of total revenue.
- Halliburton's Drilling and Evaluation revenue was $2.6 billion in Q3 2026, up 10% from $2.4 billion in Q3 2025, 46% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
Halliburton's outlook for full year 2027
From the earnings release
Halliburton's release gives no numeric outlook for Q4 2026. The 2027 outlook is in the chief executive's quote in the release.
In its Q3 2026 release (Jeff Miller, Chairman, President and CEO), Halliburton said:
“Based on our early outlook for 2027, I expect mid-single digit revenue growth and operating margins of about 15%, an approximately 200 basis point improvement.”
“This outlook assumes a flat North America market and does not require any recovery in North America hydraulic fracturing.”
Source: Halliburton Q3 2026 release, Oct 20, 2026.
This is the company's own guidance as of Oct 20, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the HAL forecast page.
HAL recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Sep 30, 2026 | $5,703 million | $0.50 | Oct 20, 2026 |
Q2 2026 ended Jun 30, 2026 | $5,714 million | $0.64 | Jul 21, 2026 |
Q1 2026 ended Mar 31, 2026 | $5,402 million | $0.55 | Apr 21, 2026 |
Q4 2025 ended Dec 31, 2025 | $5,657 million | $0.70 | Jan 21, 2026 |
Q3 2025 ended Sep 30, 2025 | $5,600 million | $0.02 | Oct 21, 2025 |
Total revenue and GAAP diluted EPS, each as first reported in that quarter's earnings release.
When does HAL report earnings next?
Halliburton's next report is expected around January 20, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.
Past Halliburton quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 2026 (this page), reported Oct 20, 2026
What Halliburton's revenue is made of
Halliburton reports two segments. Completion and Production, which covers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift and completion tools, had revenue of $3,089 million in Q3 2026. Drilling and Evaluation, which covers drilling, fluids, evaluation and wellbore placement, had $2,614 million. Total revenue was $5,703 million. (Halliburton Q3 2026 release, Oct 20, 2026; Halliburton Form 10-K, 2025, Feb 6, 2026)
Completion and Production revenue fell $134 million, or 4%, from a year earlier, which Halliburton attributed mainly to lower stimulation activity in North America and lower completion tool sales in Middle East/Asia. Drilling and Evaluation revenue rose $237 million, or 10%. A significant portion of Completion and Production is hydraulic fracturing for shale oil and gas customers, according to the 10-K. (Halliburton Form 10-Q, Q3 2026, Oct 23, 2026; Halliburton Form 10-K, 2025, Feb 6, 2026)
By region, North America revenue was $2,160 million, down 9% on lower stimulation activity and the sale of part of Halliburton's chemical business. International revenue grew: Latin America $1,122 million (up 13%, led by Mexico, Argentina and Ecuador), Europe/Africa/CIS $1,016 million (up 23%) and Middle East/Asia $1,405 million. (Halliburton Q3 2026 release, Oct 20, 2026; Halliburton Form 10-Q, Q3 2026, Oct 23, 2026)
The United States was 37% of Halliburton's revenue in the first nine months of 2026, against 39% a year earlier, and no other country exceeded 10%. Customers in Mexico accounted for 10% of net trade receivables at September 30, 2026. In the quarter Halliburton re-established operations in Venezuela. (Halliburton Form 10-Q, Q3 2026, Oct 23, 2026)
What Halliburton's EPS includes
Halliburton's GAAP diluted EPS was $0.50 in Q3 2026 and adjusted EPS was $0.60. The difference is a pre-tax charge of $107 million for impairments and other items, mainly $107 million of severance from rationalizing its global headcount and $25 million of inventory costs and write-downs, partly offset by a $36 million gain on selling part of an equity investment. (Halliburton Q3 2026 release, Oct 20, 2026)
Halliburton's Q3 2025 GAAP EPS of $0.02 reflected $392 million of impairments and other charges and a $125 million tax valuation allowance against its U.S. foreign tax credits, which pushed that quarter's effective tax rate to 90.9%. The Q3 2026 effective tax rate was 18.3%. (Halliburton Q3 2026 release, Oct 20, 2026; Halliburton Form 10-Q, Q3 2026, Oct 23, 2026)
Buybacks cut Halliburton's diluted share count to 832 million, from 850 million a year earlier. Halliburton repurchased 7.3 million shares for $252 million in the quarter, and about $1.5 billion remained authorized. It also paid dividends of $0.17 per share and spent $42 million on its SAP S4 migration, which it reports outside segment results. (Halliburton Q3 2026 release, Oct 20, 2026; Halliburton Form 10-Q, Q3 2026, Oct 23, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at Halliburton
Halliburton's release gives no numeric guidance for the next quarter. Its chief executive gave an early outlook for 2027 of mid-single digit revenue growth and operating margins of about 15%, an approximately 200 basis point improvement, assuming a flat North America market and no recovery in North America hydraulic fracturing. (Halliburton Q3 2026 release, Oct 20, 2026)
A consensus figure is the average of the models published by the analysts who cover Halliburton, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at Halliburton
The figures below are the ones Halliburton's own release and filings put weight on for Q3 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| Adjusted operating margin | 12.8%, from 13.4% GAAP operating margin 10.9%, from 6.4% Halliburton Q3 2026 release, Oct 20, 2026 |
| Segment operating margin | Completion and Production 14.8%; Drilling and Evaluation 15.0% Year earlier: 15.9% and 14.6% Halliburton Q3 2026 release, Oct 20, 2026 |
| North America revenue | $2,160 million, from $2,364 million Halliburton Q3 2026 release, Oct 20, 2026 |
| Adjusted EBITDA | $1,000 million, 17.5% of revenue Year earlier: $1,007 million, 18.0% Halliburton Q3 2026 release, Oct 20, 2026 |
| Free cash flow | $156 million Cash flow from operations $368 million; capital expenditures $266 million Halliburton Q3 2026 release, Oct 20, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning HAL is on is HAL a buy or a sell?, what analysts expect next is on the HAL forecast, and what the company does is on the Halliburton (HAL) stock page.
How to check HAL's figures yourself
Every number on this page can be traced to a document Halliburton published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about Halliburton
Ask Walnut's AI anything about HAL and see how it fits what you own.
FAQ
What was Halliburton's revenue last quarter?
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Halliburton reported revenue of $5,703 million for Q3 2026, the quarter ended September 30, 2026, against $5,600 million in Q3 2025 (up 2%). The figures come from Halliburton's results release of October 20, 2026.
What guidance did Halliburton give for full year 2027?
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Halliburton's release gives no numeric outlook for Q4 2026. The 2027 outlook is in the chief executive's quote in the release. In its Q3 2026 release, Halliburton said: "Based on our early outlook for 2027, I expect mid-single digit revenue growth and operating margins of about 15%, an approximately 200 basis point improvement. This outlook assumes a flat North America market and does not require any recovery in North America hydraulic fracturing." That is the company's own outlook as of Oct 20, 2026, and companies revise outlooks as the quarter goes on.
When does HAL report earnings next?
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Halliburton's next report is expected around January 20, 2027, a date estimated from its reporting history that the company has not confirmed. This page carries Q3 2026 until those results are out and checked against the release.
Where does Halliburton's revenue come from?
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Halliburton's Completion and Production revenue was $3.1 billion in Q3 2026, down 4% from $3.2 billion in Q3 2025, 54% of total revenue. Halliburton's Drilling and Evaluation revenue was $2.6 billion in Q3 2026, up 10% from $2.4 billion in Q3 2025, 46% of total revenue. These are the lines of Halliburton's own "revenue by operating segment" table for Q3 2026.
How much did Halliburton's revenue grow last quarter?
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Up 2% on the year: $5,703 million in Q3 2026 against $5,600 million in Q3 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in Halliburton's business do not distort it.
What is the difference between Halliburton's GAAP and adjusted EPS?
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GAAP EPS follows US accounting rules and is the figure in the audited statements. Halliburton's adjusted EPS starts from it and removes items the company considers outside its operating results; the release lists each adjustment in a reconciliation table. For Q3 2026 the two were $0.50 and $0.60. Analysts' EPS estimates are usually built on the adjusted figure, so check which one a headline compares before you repeat it.
Where do the HAL numbers on this page come from?
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From Halliburton's own results release and its Form 10-Q for the quarter ended September 30, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from Halliburton's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.
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