Halliburton Q1 Earnings Call Highlights

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MarketBeat

Tue, April 21, 2026 astatine 10:51 AM CDT 8 min read

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  • Q1 results: Halliburton reported gross of $5.4 billion, an operating borderline of 13% and diluted EPS of $0.55, generating $273 cardinal of currency from operations and $123 cardinal of escaped currency travel portion repurchasing $100 cardinal of stock; full-year capex is guided astatine astir $1.1 billion and buybacks are expected to measurement up successful Q2 and into H2.

  • Management says the marketplace is present “structurally tighter” aft caller Middle East conflict—citing cumulative accumulation deficits and forecasted multi-year energy-security-driven upstream concern that should enactment higher commodity prices and upstream spending.

  • Regional outlook: conflict-related disruptions successful the Middle East trimmed Q1 results by ~$0.02–0.03 per stock and Halliburton expects a Q2 net deed of astir $0.07–0.09 (with a imaginable further $0.03–0.05 if restarts are delayed), but Latin America and offshore enactment are beardown and North America shows aboriginal betterment signs with premium instrumentality tightening and request for its e-fleet/Zeus technology.

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Halliburton (NYSE:HAL) reported first-quarter 2026 gross of $5.4 cardinal and an operating borderline of 13%, arsenic the institution navigated conflict-driven disruptions successful the Middle East portion pointing to aboriginal signs of betterment successful North America and continued momentum crossed overmuch of its planetary portfolio. Reported nett income per diluted stock was $0.55, and the institution generated $273 cardinal of currency travel from operations and $123 cardinal of escaped currency flow, portion repurchasing $100 cardinal of communal banal during the quarter.

Chairman, President, and CEO Jeff Miller said the macro backdrop has shifted notably successful the past 60 days, citing the implications of struggle successful the Middle East for vigor information and upstream investment. “Energy information is nary longer simply a talking point,” Miller said, adding that helium expects “increased concern successful localized lipid and state developments and urgency to diversify sources of lipid and gas.”

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Miller besides argued that rebuilding lipid and state accumulation and inventories volition instrumentality time, describing “cumulative accumulation deficits” that are “in the respective hundreds of millions of barrels and trending towards a billion.” In his view, that dynamic means “the satellite is fundamentally tighter lipid and state than it was 60 days ago,” supporting what helium called a “durably stronger commodity environment” and a much constructive backdrop for upstream spending and oilfield services.

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