$HAL · HALLIBURTON CO
Halliburton filed its Q3 FY2026 10-Q. Revenue rose to $5,703 million from $5,600 million; net income attributable to company jumped to $417 million from $18 million, producing diluted EPS of $0.50 versus $0.02. Nine-month operating cash flow fell to $1,465 million from $1,761 million.
- Operating income rose to $624 million from $356 million.
- Impairments and other charges fell to $107 million from $392 million.
- Completion and Production revenue fell to $3,089 million from $3,223 million.
- Drilling and Evaluation revenue rose to $2,614 million from $2,377 million.
- Nine-month capital expenditures fell to $693 million from $917 million.
HAL trades at $34.84, up 4.97% today but down 0.12% from the $34.88 filing-time print. The after-print drift is negligible despite the large EPS improvement, suggesting the profit recovery was anticipated.
Profit recovery despite flat revenue signals cost and restructuring discipline is strengthening Halliburton's earnings power.
The Drilling and Evaluation recovery relative to Completion and Production mirrors a broader oilfield-services shift toward international and evaluation work.
Q3 severance costs of $107 million tied to global headcount rationalization show restructuring exposure persists.
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