HAL

Halliburton reported Q3 2026 revenue of $5.7 billion, up 1.8% year-over-year and beating consensus estimates by 1.98%. EPS came in at $0.60, exceeding the $0.58 estimate by 3.45%.

Regional performance was mixed, with strong growth in Latin America (+12.7%) and Europe/Africa/CIS (+22.7%), but weakness in North America (-8.6%). The Drilling and Evaluation segment outperformed estimates, while Completion and Production underperformed. The stock has a Zacks Rank #3 (Hold) rating.

Several companies reported better-than-expected third-quarter 2026 earnings results, driving stock price increases. Halliburton, KeyCorp, Hasbro, and Equifax all surpassed analyst consensus estimates, with Hasbro and Equifax posting particularly strong gains of 11.2% and 11.3% respectively.

Halliburton outlined mid-single-digit revenue growth expectations for 2027 without requiring North American hydraulic fracturing recovery. The company plans to expand operating margins by 200 basis points through structural cost cuts and SAP S/4 implementation wind-down, while international expansion and Venezuela re-entry are positioned as growth drivers.

Halliburton (HAL) reported Q3 2026 adjusted EPS of 60 cents, beating estimates, with revenues rising 1.8% to $5.7 billion. International revenues reached $3.5 billion, driven by strong performance in Latin America and Europe/Africa/CIS, while North American revenues declined 8.6%. The company targets mid-single-digit revenue growth and 15% operating margins in 2027, supported by efficiency gains and international deepwater contracts from BP and Eni.

Halliburton reported Q3 2026 earnings of $0.60 per share, beating consensus estimates of $0.58, with revenues of $5.7 billion exceeding expectations. However, the company received a Zacks Rank #4 (Sell) rating due to unfavorable estimate revision trends ahead of the earnings release. The stock has outperformed the S&P 500 by 4.3% year-to-date, but the Oil and Gas - Field Services industry ranks in the bottom 23% of Zacks industries.

Halliburton stock rose 1.7% to $33.45 on October 16, 2026, outperforming a declining broader market. The company is expected to report Q3 earnings on October 20 with an EPS of $0.58 and revenue of $5.59 billion, showing slight revenue decline year-over-year. HAL trades at a Forward P/E of 14.06, below its industry average of 20.5, and holds a Zacks Rank #3 (Hold) rating with a PEG ratio of 1.9.

Halliburton is expected to report flat earnings of $0.58 per share for Q3 2026 with revenues declining 0.1% year-over-year. The company's Earnings ESP of -0.38% combined with a Zacks Rank #3 makes it difficult to predict an earnings beat. While the stock has beaten consensus estimates in all four of the last quarters, recent analyst revisions suggest bearish sentiment on near-term earnings prospects.

Halliburton (HAL) closed at $32.78, up 2.92%, outperforming the S&P 500's 0.66% gain. However, the stock has declined 14.08% over the past month.

The company is projected to report flat earnings of $0.58 per share on October 20, 2026, with revenue expected to decline 0.13% year-over-year. For the full fiscal year, earnings are forecast to decline 3.31% while revenue grows 0.94%. HAL carries a Zacks Rank of #3 (Hold) with a Forward P/E of 13.6, trading at a discount to its industry average of 21.12.

International energy companies are increasing investments in Venezuela's oil and gas sector, with major agreements announced by Chevron ($7B+ investment), Eni (Junín-5 operator with 35B barrel field), TotalEnergies (MOU for cooperation), and Halliburton (oilfield services MOUs). These developments signal renewed focus on Venezuela's massive hydrocarbon resources amid global supply uncertainty.

Liberty Energy (LBRT) reported Q3 2026 adjusted earnings of 6 cents per share, missing estimates by 25%, though revenues rose 26.3% to $1.2 billion. Operating costs climbed 23.9% due to inflation and drilling delays, offsetting pricing gains. The company secured a 1.2-GW data center power deal and raised its quarterly dividend 11% to 10 cents per share.

National Energy Services Reunited Corp. (NESR) achieved record Q2 2026 revenues of $520.8 million (+59.1% YoY) driven by Jafurah project ramp-up, with adjusted EBITDA reaching $106.2 million. The company now targets $2 billion in 2026 revenues and is diversifying growth through new awards in Kuwait, UAE, and North Africa. However, expansion requires $210-215 million in capex and faces challenges from working capital timing and regional logistics costs.