Q1 26 EPS
$0.55
Q1 26 Revenue
$5.40B
BEAT +1.80%
Est. $5.30B
vs S&P Since Q1 26
+10.5%
BEATING MARKET
HAL +12.8% vs S&P +2.4%
Market Reaction
Did HAL Beat Earnings? Q1 2026 Results
Halliburton delivered a stronger-than-expected first quarter for 2026, posting earnings of $0.55 per diluted share against a consensus estimate of $0.50, a beat of 10.55%, as the oilfield services giant demonstrated resilience despite persistent head… Read more Halliburton delivered a stronger-than-expected first quarter for 2026, posting earnings of $0.55 per diluted share against a consensus estimate of $0.50, a beat of 10.55%, as the oilfield services giant demonstrated resilience despite persistent headwinds in its core markets. Revenue came in at $5.40 billion, ahead of the $5.30 billion estimate by 1.80%, though essentially flat year over year with a modest 0.3% decline. The most material driver of the improvement was a sharp year-over-year swing in net income to $461.00 million from $204.00 million in Q1 2025, the prior-year period having been weighed down by $356.00 million in pre-tax charges including asset impairments and severance costs. International revenue, particularly a 22% surge in Latin America tied to broad-based activity gains across Ecuador, the Caribbean, and Brazil, helped offset a 4% decline in North America and geopolitical disruptions in the Middle East that management estimated clipped results by roughly 2 to 3 cents per share. CEO Jeff Miller pointed to early signs of North American recovery and the company's geographic diversification as reasons for cautious optimism heading into the remainder of the year.
Key Takeaways
- • Higher project management activity in Latin America drove Drilling and Evaluation revenue growth
- • Increased drilling-related services in Europe and the Western Hemisphere
- • Higher completion tool sales in the Western Hemisphere partially offset North America declines
- • Improved pressure pumping services in Africa
- • Lower stimulation activity in North America pressured Completion and Production results
- • Middle East conflict reduced EPS by approximately 2 to 3 cents
HAL Forward Guidance & Outlook
CEO Jeff Miller indicated he sees clear signs of early recovery in North America. Internationally, performance outpaced disruptions from the Middle East conflict. The company expects consistent focus on returns and capital discipline to drive long-term success. The geopolitical conflict in the Middle East is expected to remain a headwind, having impacted results by approximately 2 to 3 cents of EPS in Q1 2026.
HAL YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
HAL Revenue by Segment
With YoY comparisons, source: SEC Filings
HAL Revenue by Geography
With YoY comparisons, source: SEC Filings
“I am pleased with Halliburton's performance this quarter.”
— Jeff Miller, Q1 2026 Earnings Press Release
HAL Earnings Trends
HAL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HAL EPS Trend
Earnings per share: estimate vs actual
HAL Revenue Trend
Quarterly revenue: estimate vs actual
HAL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.55 | — | $5.40B | +1.80% |
| Q4 25 BEAT FY | $0.46 | $0.69 | +49.12% | $5.70B | +5.60% |
| FY Full Year | $2.26 | — | — | $22.20B | +1.26% |
| Q3 25 BEAT | $0.50 | $0.58 | +16.94% | $5.60B | +3.91% |
| Q2 25 MISS | $0.55 | $0.55 | -0.72% | $5.50B | +1.68% |
| Q1 25 MISS | $0.60 | $0.60 | -0.43% | $5.40B | +2.26% |