Halliburton Shares Rise on Q3 Earnings Beat, 2027 Margin Guidance

3-line summary

• Halliburton reported third-quarter 2026 adjusted diluted EPS of $0.60, beating consensus by $0.02, on revenue of $5.7 billion versus the $5.58 billion expected; CEO Jeff Mills said revenue exceeded the company's own expectations and that steps were taken to improve margins, while the company repurchased about $250 million of shares during the quarter.
• Middle East/Asia revenue rose 8% quarter-over-quarter, led by multiple product lines in Saudi Arabia and Kuwait; for 2027, Halliburton guided to mid-single-digit revenue growth and an operating margin of about 15%, roughly 200 basis points above current levels-guidance that drove much of the premarket rally.
• Shares rose 3.4% in premarket trading following the results; Jefferies had a "buy" rating with a $47 price target and Piper Sandler an "overweight" rating with a $42 target ahead of earnings, and the stock traded well below its 52-week high of $43.59, with the move seen as company-specific rather than driven by the broader market, where the S&P 500 was roughly flat and the Nasdaq slightly lower.

This summary is our own processing of the source article; see the source link below for full context.