Halliburton Company announced today net income of $534 million, or $0.64 per diluted share, for the second quarter of 2026
Q2 2026 Earnings Release - view the complete report (pdf)
HOUSTON - July 21, 2026 - Halliburton Company (NYSE: HAL) announced today net income of $534 million, or $0.64 per diluted share, for the second quarter of 2026 and adjusted net income4, excluding “Impairments and other credits”, of $461 million, or $0.55 per diluted share. This compares to net income for the first quarter of 2026 of $461 million, or $0.55 per diluted share. Halliburton's total revenue for the second quarter of 2026 was $5.7 billion, compared to total revenue of $5.4 billion in the first quarter of 2026. Operating income was $778 million in the second quarter of 2026, compared to operating income of $679 million in the first quarter of 2026. Adjusted operating income5 in the second quarter of 2026, excluding “Impairments and other credits,” was $683 million.
“I am pleased with Halliburton's performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion.” commented Jeff Miller, Chairman, President and CEO.
“In international markets, I am excited about Halliburton's contract awards and pipeline of future opportunities. I see demand growth for our services and technology in every region we serve.
“In North America, I am encouraged by the recovery we saw this quarter and I expect incremental improvements through the year.
“I expect that our consistent focus on returns and capital discipline will drive long-term success for Halliburton and its shareholders,” concluded Miller.
Completion and Production revenue in the second quarter of 2026 was $3.2 billion, an increase of $186 million, or 6% sequentially, while operating income was $474 million, an increase of $35 million, or 8% sequentially. These results were primarily driven by increased stimulation activity in the Western Hemisphere and improved well intervention services in Asia. Partially offsetting these increases were lower specialty chemicals activity in North America resulting from the completed sale of a portion of our chemical business, decreased cementing activity in Latin America, and lower activity across multiple product service lines in the Middle East.
Drilling and Evaluation revenue in the second quarter of 2026 was $2.5 billion, an increase of $126 million, or 5% sequentially, while operating income was $338 million, a decrease of $13 million, or 4% sequentially. Revenue improvements were primarily driven by increased drilling-related services and higher wireline activity in North America and Europe/Africa, and increased drilling-related services in Asia. Partially offsetting these increases were lower software sales globally, decreased project management activity in Latin America and lower wireline activity in the Middle East. Operating income decreased due to the seasonal roll off of software sales.
North America revenue in the second quarter of 2026 was $2.3 billion, an increase of 7% sequentially. This increase was primarily driven by higher stimulation activity and increased well construction activity in US Land, and higher fluids activity in the Gulf of America. Partially offsetting these increases were lower specialty chemicals activity in US Land following the sale of a portion of our chemical business and decreased drilling activity in the Gulf of America.
International revenue in the second quarter of 2026 was $3.4 billion, an increase of 5% when compared to the first quarter of 2026.
Latin America revenue in the second quarter of 2026 was $1.1 billion, an increase of 3% sequentially. These results were primarily driven by increased stimulation activity in Argentina and Mexico, and improved completion tool sales in Mexico. Partially offsetting these increases were lower activity across multiple product service lines in the Caribbean, decreased well construction activity in Mexico and Ecuador, and decreased completion tool sales in Brazil.
Europe/Africa revenue in the second quarter of 2026 was $1.0 billion, an increase of 19% sequentially. These results were primarily driven by improved activity across multiple product service lines in the North Sea, increased well construction activity in Namibia and Egypt, higher completion tool sales in the Mediterranean and Ivory Coast, and increased project management activity in Angola. Partially offsetting these increases were decreased software sales across the region and lower activity across multiple product service lines in Libya.
Middle East/Asia revenue in the second quarter of 2026 was $1.3 billion, a decrease of 2% sequentially. These results were primarily driven by lower activity across multiple product service lines in Kuwait, Iraq, and Qatar as a result of the ongoing geopolitical conflict in the Middle East. Partially offsetting these decreases were higher well construction activity in Saudi Arabia and the United Arab Emirates, and increased drilling-related services and higher well intervention services in Asia.
During the second quarter of 2026, Halliburton:
(1) Adjusted net income per diluted share is a non-GAAP financial measure; please see definition of AdjustedNet Income Per Diluted Share in Footnote Table 3 and 4.
(2) Adjusted operating margin is a non-GAAP financial measure; please see reconciliation of Operating Income to Adjusted Operating Income in Footnote Table 1 and 2.
(3) Free cash flow is a non-GAAP financial measure; please see reconciliation of Cash Flows from OperatingActivities to Free Cash Flow in Footnote Table 5.
(4) Adjusted net income is a non-GAAP financial measure; please see reconciliation of Net Income toAdjusted Net Income in Footnote Table 3 and 4.
(5) Adjusted operating income is a non-GAAP financial measure; please see reconciliation of OperatingIncome to Adjusted Operating Income in Footnote Table 1 and 2.
About Halliburton
Halliburton is one of the world's leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
The statements in this press release that are not historical statements are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: changes in the demand for or price of oil and/or natural gas, including as a result of development of alternative energy sources, general economic conditions such as inflation and recession, the ability of the OPEC+ countries to agree on and comply with production quotas, and other causes; changes in capital spending by our customers; the modification, continuation or suspension of our shareholder return framework, including the payment of dividends and purchases of our stock, which will be subject to the discretion of our Board of Directors and may depend on a variety of factors, including our results of operations and financial condition, growth plans, capital requirements and other conditions existing when any payment or purchase decision is made; potential catastrophic events related to our operations, and related indemnification and insurance; protection of intellectual property rights; cyber-attacks and data security; compliance with environmental laws; changes in government regulations and regulatory requirements, particularly those related to oil and natural gas exploration, the environment, radioactive sources, explosives, chemicals, hydraulic fracturing services, and climate-related initiatives; assumptions regarding the generation of future taxable income, and compliance with laws related to and disputes with taxing authorities regarding income taxes; risks of international operations, including risks relating to unsettled political conditions, war, the effects of terrorism, foreign exchange rates and controls, international trade and regulatory controls, tariffs, and sanctions, and doing business with national oil companies; weather-related issues, including the effects of hurricanes and tropical storms; delays or failures by customers to make payments owed to us; infrastructure issues in the oil and natural gas industry; availability and cost of highly skilled labor and raw materials; completion of potential dispositions, and acquisitions, and integration and success of acquired businesses and joint ventures; risks related to the deployment of artificial intelligence. Halliburton's Form 10-K for the year ended December 31, 2025, Form 10-Q for the quarter ended March 31, 2026, Current Reports on Form 8-K and other Securities and Exchange Commission filings discuss some of the important risk factors identified that may affect Halliburton's business, results of operations, and financial condition. Halliburton undertakes no obligation to revise or update publicly any forward-looking statements for any reason, except as required by law.
Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, July 21, 2026, to discuss its second quarter 2026 financial results. The call will begin at 8:00 a.m. CT (9:00 a.m. ET).
Please visit the Halliburton website to listen to the call via live webcast. A recorded version will be available for seven days under the same link immediately following the conclusion of the conference call. You can also pre-register for the conference call and obtain your dial in number and passcode by clicking here.
CONTACTS
Investor Relations Contact
David Coleman
Investors@halliburton.com
281-871-2688
Media Relations
Alexandra Franceschi
PR@halliburton.com
281-871-2601
