Halliburton Beats Q3 Estimates, Guides 2027 to ~15% Margins on Multiyear Demand
HAL sits 59% above its 52-week low of $21.505.
Summary
Halliburton beat on both lines: adjusted EPS of $0.60 topped by $0.02 and revenue of $5.7B came in $120M ahead, with net profit jumping to $417M ($0.50/share) from $18M a year ago. The mix was uneven — Latin America revenue rose 13% and Europe/Africa 23%, while North America fell 8.6% on weaker U.S. land pressure pumping and the Middle East/Asia was roughly flat. The real driver of the pre-market 3.8% gain is the 2027 outlook: mid-single-digit revenue growth with operating margins near 15%, about 200 bps better than this year, and it assumes a flat North American market with no frack recovery. CEO Jeff Miller framed the U.S.-Iran war disruption as a multiyear demand tailwind for oilfield services. This follows the 8-K filed this morning and the earlier report on the $3.1B Completion and Production segment; J.P. Morgan called the 2027 margin guide conservative and expects a positive reaction.
At the time of this announcement, HAL was trading at $34.25 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $27.5B. The 52-week trading range was $21.51 to $43.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.