Halliburton beats third-quarter revenue and earnings forecasts
Halliburton reported third-quarter revenue up 1.8% to $5.7 billion and adjusted EPS of $0.60, both above analyst forecasts. Shares rose nearly 5% in pre-market trading.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Sharecast, the Houston-based oilfield services group posted revenue of $5.7 billion for the three months to September, up 1.8% and above the $5.6 billion Wall Street had expected. Adjusted earnings per diluted share climbed to $0.60 from $0.55 a year earlier, against forecasts of $0.58.
North America sales fell 5% to $2.2 billion, weighed down by lower pressure pumping work. Middle East and Asia revenue rose 8% to $1.4 billion, helped by heavier activity in Saudi Arabia and Kuwait. The company said the US-Iran conflict disrupted energy operations, delayed projects and dampened demand in the US.
Chief executive Jeff Miller said: "We are another three months into one of the largest energy disruptions in history." He expects restoring output, rebuilding inventories and strengthening energy security to drive multi-year demand for oilfield services. For 2027 he forecasts mid-single-digit revenue growth and operating margins of about 15%.
why it matters
The guidance suggests service demand may stay firm after Middle East supply disruptions, which matters for energy equities and the oil services sector. The outlook assumes a flat North American market, with any shale fracking recovery treated as upside. Investors will watch whether oil prices and capital spending plans confirm that view.
market impact
Oilfield services: a stronger demand outlook after Middle East disruptions supports the sector and HAL shares.
tags
instruments
sources
- Q3 sales beat forecasts at Halliburton, sales spark — Sharecast, 20 October 2026 at 13:51 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗