Every 10-Q that Halliburton (HAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow HAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HAL filings page.
Halliburton Company reported stronger Q2 2026 results, with total revenue of $5.7 billion, up 4% from Q2 2025, and operating income of $778 million. Net income attributable to the company was $534 million, or $0.64 per share, compared with $472 million, or $0.55, a year earlier.
For the first six months of 2026, revenue reached $11.1 billion and net income attributable to the company rose to $995 million from $676 million, helped by a $95 million pre-tax credit versus prior-year charges and a lower 18.7% effective tax rate. Drilling and Evaluation segment revenue grew 7% in Q2, while Completion and Production was flat and pressured by mix and pricing. International revenue increased 6% year-to-date, offsetting declines in the Middle East/Asia region tied to geopolitical conflict. Operating cash flow was $1.10 billion in the first half, funding $427 million of capital expenditures, $285 million of dividends, and $308 million of share repurchases, leaving $2.05 billion of cash and $3.5 billion of undrawn revolver capacity. Management highlights an ongoing IRS Notice of Proposed Adjustment related to a 2016 transaction that could result in about $640 million of additional cash taxes if determined unfavorably, though no payment is currently required.
Halliburton Company reported Q1 2026 revenue of $5.4 billion, roughly flat year over year, but profitability improved sharply. Operating income rose to $679 million from $431 million, aided by the absence of prior-year impairments. Net income attributable to the company more than doubled to $461 million, with basic and diluted earnings of $0.55 per share versus $0.24 a year ago.
Completion and Production revenue fell 3% to $3.0 billion and operating income declined 17%, reflecting weaker stimulation and pressure pumping, including conflict‑related disruptions in the Middle East. Drilling and Evaluation revenue grew 4% to $2.4 billion with flat operating income as stronger Latin America and Europe/Africa/CIS activity offset Middle East softness.
Cash flow from operations was $273 million, with $192 million of capital expenditures. Halliburton returned cash through $142 million of dividends and $100 million of share repurchases, ending the quarter with $2.0 billion of cash and equivalents and a $3.5 billion undrawn credit facility. The company continues to incur SAP S4 migration expenses and highlights an ongoing IRS dispute over the 2016 Baker Hughes termination fee that could result in approximately $640 million of additional cash taxes if resolved adversely.
Halliburton Company reported softer Q3 2025 results as industry activity slowed and one-time charges weighed on earnings. Revenue was $5.6 billion, down 2% year over year, with operating income of $356 million versus $871 million a year ago. Net income was $18 million, or $0.02 per share, compared with $571 million, or $0.65 per share, in Q3 2024.
Results reflected $392 million in impairments and other charges, including severance, asset write-offs, and an impairment tied to assets held for sale. The effective tax rate rose to 90.9% due to a $125 million valuation allowance on deferred tax assets, combined with the quarter’s charges. Segment revenue declined 2% in Completion & Production and was relatively flat in Drilling & Evaluation; Europe/Africa/CIS grew 15% while Middle East/Asia fell 8%.
Year-to-date operating cash flow was $1.8 billion, funding $917 million of capex, $757 million of share repurchases (32.9 million shares), and $436 million in dividends. Cash and equivalents were $2.0 billion, and a new $3.5 billion five‑year revolving credit facility was fully available at quarter-end. As of October 17, 2025, 841,626,610 common shares were outstanding.
Halliburton (HAL) Q2 2025 10-Q highlights
- Top-line: Revenue fell 6% YoY to $5.51 bn; North America –9%, Latin America –11%. Europe/Africa/CIS +8% was the lone growth region.
- Profitability: Operating income declined 30% to $727 m; margin compressed to 13.2% (17.7%). Net income attributable to shareholders dropped 33% to $472 m; EPS $0.55 vs $0.80.
- YTD impact: $356 m of severance, asset and facility impairments drove a 47% EPS contraction to $0.78 and lifted the effective tax rate to 25.5%.
- Cash & leverage: Operating cash flow down 19% to $1.27 bn; FCF after $656 m capex was $0.62 bn. Cash balance slipped to $2.04 bn (-22%) while total debt held steady at $7.16 bn; no near-term covenant pressure and $3.5 bn credit revolver available.
- Capital returns: 12 m shares repurchased for $252 m; 21.5 m YTD for $507 m. Quarterly dividend maintained at $0.17; board still targeting ≥50% of annual FCF to shareholders.
- Segment trends: Completion & Production revenue –7%, operating income –29%; Drilling & Evaluation revenue –4%, operating income –23%—reflecting weaker pressure pumping, Saudi/Mexico activity cuts and price pressure.
- Outlook: Management now expects 2025 revenue to decline in both North America and internationally, citing tariff-related demand uncertainty and faster-than-expected OPEC+ supply. Capex guidance unchanged at ~6% of revenue.
- Risks: $909 m CDS exposure to Mexican customer, potential $640 m tax cash outflow from IRS dispute, and SAP S4 migration costs may extend beyond prior $270 m estimate.