Overview
- Revenue reached $5.6 billion and adjusted EPS was $0.58, topping estimates, with a 13% adjusted operating margin.
- Reported net income fell to $18 million due to $540 million in impairments and related charges, plus $50 million for the SAP S4 migration.
- Halliburton outlined roughly $100 million in quarterly cost savings, reset its 2026 capital budget lower, and idled underperforming equipment to prioritize returns.
- Free cash flow was $276 million; the company ended with $2.026 billion in cash and $7.157 billion in long-term debt after a $250 million buyback and a $0.17 dividend.
- Shares rose about 11.6% as RBC upgraded the stock and raised its target; North America revenue increased ~5% to about $2.4 billion while international was flat; a VoltaGrid partnership targets distributed power for data centers starting in the Middle East, with analysts flagging a potential ~$60 million Q4 tariff headwind.