Earnings Call
Apr 21, 2026
Q1 FY2026
EPS Estimate
0.49
EPS Actual
0.55
Post-Earnings Close
$38.15
Earnings Reaction
+4.0%
Halliburton's first quarter 2026 results were shaped by two competing forces: a Middle East conflict that disrupted roughly $0.02, $0.03 per share of earnings in Q1 and is expected to weigh $0.07, $0.09 per share in Q2, and a surprisingly resilient performance everywhere else. Total revenue came in at $5.4 billion, flat year-over-year, with reported EPS of $0.55 beating the $0.49 consensus estimate. Operating margin held at 13%, though Completion and Production division margins compressed to 15% on a 17% year-over-year decline in operating income, reflecting lower North America stimulation activity and Middle East disruptions. Drilling and Evaluation held steadier, with revenue up 4% and margins flat at 15%.
Report generated on Apr 21, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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