Halliburton Reports $5.714 Billion Revenue in Q2 2026, 4% Increase Year-Over-Year

Halliburton Company reported a total revenue of $5.714 billion for the second quarter of 2026, marking a 4% increase from $5.510 billion in the same period of 2025. The company's net income attributable to shareholders rose to $534 million, or $0.64 per share, compared to $472 million, or $0.55 per share, in the prior year. For the first half of 2026, Halliburton's revenue reached $11.116 billion, up from $10.927 billion in the first half of 2025, while net income attributable to shareholders increased to $995 million from $676 million.

The financial performance was bolstered by a 7% increase in revenue from the Drilling and Evaluation segment, which generated $2.512 billion in the second quarter, driven by higher drilling-related services in North America and Latin America. Conversely, the Completion and Production segment saw a slight decline in revenue to $3.202 billion, primarily due to lower activity in the Middle East and reduced stimulation services following the sale of a portion of its chemical business. The overall operating income for the second quarter was $778 million, up from $727 million in the previous year, aided by a pre-tax credit of $95 million related to impairments and other charges.

In terms of operational metrics, Halliburton's total assets increased to $25.828 billion as of June 30, 2026, compared to $25.010 billion at the end of 2025. The company reported a cash and equivalents balance of $2.048 billion, down from $2.206 billion at the end of the previous year. The employee headcount remained stable at over 46,000, with operations spanning more than 70 countries. The company continues to focus on international growth, particularly in its directional drilling and artificial lift businesses, while also investing in technology and digital solutions to enhance operational efficiency.

Looking ahead, Halliburton anticipates continued customer focus on capital discipline and operational efficiency, particularly in North America and international markets. The company expects to maintain capital expenditures at approximately $1.1 billion for 2026, with plans to return over 50% of annual free cash flow to shareholders through dividends and share repurchases. However, the outlook remains subject to uncertainties, including geopolitical developments, inflationary pressures, and fluctuations in oil and natural gas prices, which could impact customer spending and project timelines.