Halliburton (NYSE:HAL) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Halliburton (NYSE:HAL) posted its earnings results on Wednesday. The oilfield services company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14, Zacks reports. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS.

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 Price Performance

Shares of HAL stock opened at $33.97 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The stock has a market cap of $28.59 billion, a price-to-earnings ratio of 22.50 and a beta of 0.78. The business’s fifty day moving average is $28.97 and its 200 day moving average is $25.31. Halliburton has a twelve month low of $18.72 and a twelve month high of $35.55.

Halliburton Announces Dividend

The company also recently announced 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 (DPR) is presently 45.03%.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q4 beat and operational momentum — HAL topped EPS and revenue expectations, with improved margins and management emphasizing capital returns (buybacks/dividends) that support per-share value. MarketBeat: Halliburton Beat Expectations
• Positive Sentiment: Analyst upgrades and price-target raises — multiple firms (TD Cowen, Susquehanna, RBC, BMO, JPMorgan, Evercore, Stifel, Capital One) raised targets or ratings after results, signaling consensus sentiment lift and providing upward price catalysts. Benzinga: Analysts Increase Forecasts
• Positive Sentiment: New strategic initiatives — a $35M Halliburton–A*STAR lab in Singapore targets faster tech-enabled growth in Asia, supporting international revenue diversification and longer-term service/product improvements. SBR: Halliburton, A*STAR $35m lab
• Positive Sentiment: Venezuela opportunity — company comments and hiring activity point to a potential quick re-entry if cleared politically, which could materially expand international revenue. WSJ: Halliburton Prepares to Re-Enter Venezuela
• Neutral Sentiment: Options activity and new highs — large call buying and a 12-month high reflect elevated speculative and institutional interest, but they can amplify short-term volatility. AmericanBankingNews: Investors Buy Calls
• Neutral Sentiment: Macro/sector noise — broader energy-market swings and geopolitics (plus periodic headlines) create background volatility that can mask company fundamentals in the near term. SeeItMarket: Energy Stocks Steady Amid Macro Chaos
• Negative Sentiment: Profit nuance — while EPS beat, net income edged down year-over-year (reported net income decline), highlighting some margin or one-time items that temper the beat. Yahoo: Q4 net income falls 4.2%
• Negative Sentiment: Analyst downgrade — Zephirin Group cut HAL from Buy to Hold and trimmed its target to $28, flagging downside risk and reminding investors not all analysts are convinced upside is sustained. MarketScreener: Zephirin Downgrades HAL

Insider Activity at Halliburton

In other news, insider Mark Richard sold 160,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 452,374 shares of the company’s stock, valued at $12,562,425.98. The trade was a 26.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Van H. Beckwith sold 8,854 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.89, for a total value of $246,938.06. Following the completion of the sale, the executive vice president directly owned 333,528 shares in the company, valued at approximately $9,302,095.92. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 268,854 shares of company stock valued at $7,915,138 in the last three months. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Halliburton

Several large investors have recently bought and sold shares of HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Halliburton by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after buying an additional 6,507 shares during the last quarter. Woodline Partners LP increased its stake in shares of Halliburton by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after purchasing an additional 20,583 shares in the last quarter. Focus Partners Wealth raised its holdings in Halliburton by 25.0% in the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after purchasing an additional 10,408 shares during the period. Intech Investment Management LLC lifted its position in Halliburton by 309.1% during the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after purchasing an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Halliburton during the first quarter valued at about $895,000. 85.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on HAL shares. HSBC set a $30.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Halliburton from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets lifted their price target on Halliburton from $36.00 to $39.00 and gave the stock a “market perform” rating in a research note on Thursday. Redburn Partners set a $35.00 price objective on Halliburton in a research note on Monday, November 3rd. Finally, Argus upped their price target on shares of Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $34.57.

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.