Halliburton Beats Q3 Estimates With $5.703 Billion in Revenue

Halliburton posted third-quarter adjusted earnings of $0.60 per diluted share and revenue of $5.703 billion. Both results exceeded the pre-release forecasts of $0.58 per share and $5.58 billion in revenue.

Regional results differed by comparison period. Year over year, revenue increased in Latin America and Europe/Africa/CIS, declined in North America and was little changed in Middle East/Asia. Compared with the second quarter, revenue was flat in Latin America and Europe/Africa/CIS, while it rose 8% in Middle East/Asia.

Halliburton expects mid-single-digit revenue growth and an operating margin of about 15% in 2027. The margin outlook represents an improvement of about 200 basis points from Halliburton’s third-quarter adjusted operating margin, even if the North American market remains flat.

The company also expects demand for oilfield services to grow over several years.