Halliburton (NYSE:HAL) Posts Earnings Results, Beats Expectations By $0.15 EPS

Halliburton (NYSE:HAL) issued its quarterly earnings results on Wednesday. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.15, Zacks reports. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share.

Here are the key takeaways from Halliburton’s conference call:

• Halliburton closed 2025 with $22.2 billion revenue, a 14% adjusted operating margin, $1.9 billion free cash flow and returned 85% of FCF via ~$1.0 billion of share repurchases, reducing share count to a 10‑year low.
• Management expects 2026 to be a year of rebalancing: abundant supply keeps near‑term commodity prices muted, with moderate North America softness, generally stable international activity, and a stronger H2 anticipated.
• International is a key growth engine (2025 international revenue ~$13.1B), outperformed rig count, is guided flat-to-modestly up in 2026, and sees additional upside from the VoltaGrid modular power partnership (400 MW manufacturing capacity secured).
• North America faces near-term pressure—management expects high‑single‑digit revenue decline in 2026, will continue stacking uneconomic fleets, and guided Q1 CMP revenue down 7–9% with ~300 bps margin compression.
• Halliburton emphasized technology differentiation—Zeus IQ, iCruise, LOGIX and autonomous geosteering—with Zeus adoption up 18%, which management says will drive improved recovery and drilling performance over time.

Halliburton Trading Up 4.1%

NYSE HAL opened at $33.37 on Thursday. The company has a market cap of $28.09 billion, a price-to-earnings ratio of 22.10 and a beta of 0.78. Halliburton has a twelve month low of $18.72 and a twelve month high of $33.80. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average is $28.71 and its 200 day moving average is $25.14.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, December 3rd. Halliburton’s dividend payout ratio is presently 45.03%.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q4 beat — Halliburton reported adjusted EPS of $0.69 and revenue of $5.66B, topping consensus and prompting the immediate market rally. The upside was driven by margin improvement and international strength. Halliburton beats estimates for fourth-quarter profit
• Positive Sentiment: International cash flow & free cash flow — Company generated strong operating cash and reported solid free cash flow, enabling aggressive buybacks and dividends that support per-share upside. Halliburton Q4 earnings and revenues surpass estimates
• Positive Sentiment: Shareholder returns and analyst optimism — Recent commentary highlights continued buybacks (share count declines) and a >2% dividend yield; several analysts raised targets/ratings, supporting upside. Halliburton Beat Expectations / MarketBeat overview
• Positive Sentiment: Venezuela re-entry potential — Hiring activity and CEO remarks that interest is “ringing off the hook” suggest Halliburton could re-enter Venezuela quickly if U.S. clearance occurs, a material revenue/cash catalyst. Halliburton takes step toward possible Venezuela return with job board posting
• Neutral Sentiment: Investor activity — Unusually large call-option volume shows speculative bullish positioning, increasing near-term volatility but not guaranteeing direction. (options volume reported 60,029 calls)
• Neutral Sentiment: Valuation view — Recent pieces revisiting DCF and valuation suggest the rebound trade is underway but note limited near-term growth, making valuation-sensitive investors split on upside scope. Halliburton Valuation Check
• Negative Sentiment: North America drag — North American revenue contracted (reported ~7% down), which remains a headwind to stronger top-line growth and caps margin leverage. Halliburton Stock Pops After Earnings Beat. Why North America Remains a Drag.
• Negative Sentiment: Cautious 2026 commentary — Management and some analyst notes flag a cautious outlook for 2026 growth; guidance tempering could limit how much the stock can run without clearer demand improvement. Halliburton Earnings Call: Strong 2025, Cautious 2026
• Negative Sentiment: Insider selling and mixed year-over-year cash trends highlighted by third-party trackers add a watch item for investors focused on corporate governance and longer-term conviction. QuiverQuant HAL earnings summary

Insider Buying and Selling at Halliburton

In other news, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the sale, the executive vice president directly owned 419,800 shares of the company’s stock, valued at approximately $13,538,550. This trade represents a 19.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Richard sold 160,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value of $4,443,200.00. Following the sale, the insider owned 452,374 shares in the company, valued at approximately $12,562,425.98. This trade represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 268,854 shares of company stock worth $7,915,138. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Halliburton

Several large investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in shares of Halliburton by 85.5% in the second quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock worth $175,490,000 after acquiring an additional 3,969,759 shares during the period. Caisse de depot et placement du Quebec raised its holdings in shares of Halliburton by 163.8% during the third quarter. Caisse de depot et placement du Quebec now owns 4,992,111 shares of the oilfield services company’s stock valued at $122,806,000 after purchasing an additional 3,100,037 shares during the period. Franklin Resources Inc. boosted its position in shares of Halliburton by 119.2% during the 3rd quarter. Franklin Resources Inc. now owns 4,488,547 shares of the oilfield services company’s stock worth $110,418,000 after purchasing an additional 2,440,675 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Halliburton during the third quarter valued at approximately $28,197,000. Finally, Worldquant Millennium Advisors LLC raised its position in shares of Halliburton by 56.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,854,651 shares of the oilfield services company’s stock worth $37,798,000 after purchasing an additional 667,336 shares during the period. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HAL. Zephirin Group lifted their price objective on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research report on Monday, December 29th. BMO Capital Markets upped their price objective on shares of Halliburton from $31.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, January 12th. The Goldman Sachs Group reiterated a “buy” rating and set a $35.00 price objective on shares of Halliburton in a research note on Wednesday, January 14th. Finally, UBS Group boosted their target price on shares of Halliburton from $24.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.30.

About Halliburton

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.