How did Halliburton perform in the second quarter of 2026?

Halliburton reported net income attributable to the company of $534 million, or $0.64 per diluted share, on total revenue of $5.7 billion. Adjusted net income, which excludes impairments and other credits, was $461 million, or $0.55 per diluted share, the same as the first quarter of 2026.

What drove the difference between reported and adjusted results?

The company recognized a pre-tax credit of $95 million from impairments and other credits. This was primarily a $54 million gain from changes in ownership of an equity investment and a $10 million gain from remeasuring an equity investment to fair value, plus $48 million in other credits, mainly a government refund recovery. These were partly offset by a $17 million loss on the sale of part of its chemical business.

How did the operating segments and regions perform?

Completion and Production revenue was $3.2 billion, up 6% sequentially, and Drilling and Evaluation revenue was $2.5 billion, up 5%. North America revenue grew 7% to $2.3 billion and Europe/Africa grew 19% to $1.0 billion, while Middle East/Asia declined 2% to $1.3 billion due to the ongoing geopolitical conflict in the region.

How much cash did Halliburton generate and return to shareholders?

Cash flow from operations was $824 million and free cash flow was $668 million for the quarter. The company repurchased approximately $200 million of its common stock and paid dividends of $0.17 per share.

What major contract awards were announced?

Halliburton announced multi-year lump sum turnkey contracts from Aramco for multiple onshore fields in Saudi Arabia covering approximately 285 planned wells, a multi-year Aramco award for integrated unconventional gas stimulation and completion services, integrated well construction work for the GranMorgu project offshore Suriname, and a Basra Oil Company contract for the Bin Umar and Sindbad fields in southern Iraq.

HAL 8-K: Earnings & Results & Regulation FD

01—Abstract

Summary

Summary of the 8-K filed July 21, 2026. Cited figures are marked; the original filing is the authoritative source.

Halliburton Company (NYSE: HAL) reported net income attributable to the company of $534 million^a, or $0.64 per diluted share, for the second quarter ended June 30, 2026, compared with $461 million, or $0.55 per diluted share, in the first quarter of 2026.

Excluding "Impairments and other credits," adjusted net income was $461 million^b, or $0.55 per diluted share. Total revenue was $5.7 billion, up from $5.4 billion in the first quarter, and operating income was $778 million, or $683 million on an adjusted basis. Cash flow from operations was $824 million and free cash flow was $668 million, and the company repurchased approximately $200 million of its common stock and paid dividends of $0.17 per share.

By segment, Completion and Production revenue rose 6% sequentially to $3.2 billion^c, driven by stimulation activity in the Western Hemisphere, while Drilling and Evaluation revenue rose 5% to $2.5 billion. By region, North America grew 7% sequentially to $2.3 billion, Europe/Africa grew 19% to $1.0 billion, and Middle East/Asia declined 2% to $1.3 billion due to the ongoing geopolitical conflict in the Middle East. Management said it expects incremental improvements in North America and sees demand growth in every international region.

The filing also highlights several contract awards, including multi-year Aramco contracts in Saudi Arabia covering approximately 285 planned wells, an integrated well construction award for the GranMorgu deepwater project offshore Suriname, and a Basra Oil Company contract for the Bin Umar and Sindbad fields in southern Iraq. The second-quarter results included a pre-tax credit of $95 million^d from impairments and other items, primarily gains on an equity investment and a government refund recovery, partly offset by a $17 million loss on the sale of part of its chemical business.

02—Key points

Key Highlights

Second-quarter net income attributable to the company was $534 million, or $0.64 per diluted share, versus $461 million, or $0.55 per diluted share, in the first quarter of 2026.
Adjusted net income per diluted share was $0.55, excluding a pre-tax credit of $95 million in "Impairments and other credits."
Total revenue was $5.7 billion, up from $5.4 billion in the first quarter; operating income was $778 million, with adjusted operating income of $683 million.
Cash flow from operations was $824 million and free cash flow was $668 million in the quarter.
Halliburton repurchased approximately $200 million of common stock and paid dividends of $0.17 per share during the quarter.
Aramco awarded multi-year lump sum turnkey contracts covering approximately 285 planned wells in Saudi Arabia, plus a separate multi-year unconventional gas stimulation and completion award.
Halliburton was awarded integrated well construction work for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies, and a Basra Oil Company contract for the Bin Umar and Sindbad fields in Iraq.

03—Questions

Frequently Asked Questions

How did Halliburton perform in the second quarter of 2026?
Halliburton reported net income attributable to the company of $534 million, or $0.64 per diluted share, on total revenue of $5.7 billion. Adjusted net income, which excludes impairments and other credits, was $461 million, or $0.55 per diluted share, the same as the first quarter of 2026.
What drove the difference between reported and adjusted results?
The company recognized a pre-tax credit of $95 million from impairments and other credits. This was primarily a $54 million gain from changes in ownership of an equity investment and a $10 million gain from remeasuring an equity investment to fair value, plus $48 million in other credits, mainly a government refund recovery. These were partly offset by a $17 million loss on the sale of part of its chemical business.
How did the operating segments and regions perform?
Completion and Production revenue was $3.2 billion, up 6% sequentially, and Drilling and Evaluation revenue was $2.5 billion, up 5%. North America revenue grew 7% to $2.3 billion and Europe/Africa grew 19% to $1.0 billion, while Middle East/Asia declined 2% to $1.3 billion due to the ongoing geopolitical conflict in the region.
How much cash did Halliburton generate and return to shareholders?
Cash flow from operations was $824 million and free cash flow was $668 million for the quarter. The company repurchased approximately $200 million of its common stock and paid dividends of $0.17 per share.
What major contract awards were announced?
Halliburton announced multi-year lump sum turnkey contracts from Aramco for multiple onshore fields in Saudi Arabia covering approximately 285 planned wells, a multi-year Aramco award for integrated unconventional gas stimulation and completion services, integrated well construction work for the GranMorgu project offshore Suriname, and a Basra Oil Company contract for the Bin Umar and Sindbad fields in southern Iraq.

04—Continue

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