On October 20, 2026, Halliburton Company announced its financial results for the third quarter of 2026. The company reported net income attributable to the company of $417 million, or $0.50 per diluted share. Adjusted net income, which excludes impairments and other charges, was $501 million, or $0.60 per diluted share.
Total revenue for the quarter was $5.7 billion, which remained flat compared to the second quarter of 2026. Operating income was $624 million, while adjusted operating income was $731 million. The company reported adjusted EBITDA of $1.0 billion. Cash flow from operations totaled $368 million, and free cash flow was $156 million.
During the quarter, Halliburton repurchased approximately $250 million of its common stock and paid dividends of $0.17 per share. The company also incurred a pre-tax charge of $107 million related to impairments and other charges.
Regarding segment performance, Completion and Production revenue decreased by 4% sequentially to $3.1 billion, while Drilling and Evaluation revenue increased by 4% sequentially to $2.6 billion. Geographically, North America revenue decreased by 5% sequentially to $2.2 billion, while International revenue increased by 3% sequentially to $3.5 billion.
Management provided an outlook for 2027, expecting mid-single digit revenue growth and operating margins of approximately 15%. This outlook assumes a flat North America market and does not require a recovery in North American hydraulic fracturing activity.
In other news, Halliburton secured integrated well construction and completions contracts with Eni for the Cronos ultra-deepwater development in the Cyprus Exclusive Economic Zone and with bp for the Bumerangue field offshore Brazil. The company also announced memorandums of understanding with Eneva and WESCA to support energy development opportunities in Venezuela.
