Halliburton Q3 2026 net income falls to $417M

Halliburton expects mid-single-digit revenue growth and operating margins of about 15% in its early 2027 outlook, assuming a flat North America market.

Rhea-AI Filing Summary

Halliburton Company (HAL) reported third-quarter 2026 revenue of $5.703 billion, compared with $5.714 billion in the second quarter. Net income attributable to the company was $417 million ($0.50 per diluted share), versus $534 million ($0.64) in the second quarter; adjusted net income was $501 million ($0.60 per diluted share), compared with $461 million ($0.55). Adjusted EBITDA was $1.0 billion, versus $948 million in the second quarter.

Operating cash flow was $368 million and free cash flow was $156 million. Halliburton repurchased approximately $250 million of common stock, paid a $0.17-per-share dividend, and recorded a $107 million pre-tax charge, primarily related to severance costs. Completion and Production revenue declined 4% sequentially to $3.089 billion, while Drilling and Evaluation revenue rose 4% to $2.614 billion; Middle East/Asia revenue increased 8% to $1.405 billion.

In its early outlook for 2027, Halliburton expects mid-single-digit revenue growth and operating margins of about 15%, an approximately 200-basis-point improvement. The outlook assumes a flat North America market and does not require a recovery in North America hydraulic fracturing.

3 points · 0 major

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Positive

• Moderate pointQ3 company-attributable net income: $417 million versus $18 million in 2025.
• Moderate pointNine-month company-attributable net income: $1.412 billion versus $694 million in 2025.
• Moderate pointQ3 adjusted EBITDA was $1.0 billion versus $948 million in Q2 2026.

Negative

• Moderate pointQ3 company-attributable net income: $417 million versus $534 million in Q2 2026.
• Moderate pointNine-month operating cash flow: $1.465 billion versus $1.761 billion in 2025.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Revenue: $5.703 billion Net income attributable to company: $417 million Adjusted net income per diluted share: $0.60 +5 more

8 metrics

Revenue $5.703 billion Third quarter 2026

Net income attributable to company $417 million Third quarter 2026

Adjusted net income per diluted share $0.60 Third quarter 2026

Adjusted EBITDA $1.0 billion Third quarter 2026

Cash flow from operations $368 million Third quarter 2026

Free cash flow $156 million Third quarter 2026

Common stock repurchases Approximately $250 million Third quarter 2026

Dividend per share $0.17 Third quarter 2026

Key Terms

Adjusted EBITDA, adjusted operating margin, free cash flow, Diluted weighted average common shares outstanding

4 terms

Adjusted EBITDA financial

"Adjusted EBITDA, which excludes impairments and other charges"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

adjusted operating margin financial

"adjusted operating margin is a non-GAAP financial measure"

Adjusted operating margin shows how much profit a company makes from its core business activities, after removing unusual or one-time costs and income. It helps investors see the company's true profitability by providing a clearer picture, similar to removing unexpected expenses to understand the regular performance. This metric is useful for comparing companies or tracking performance over time, as it highlights consistent earning power.

free cash flow financial

"Free cash flow is a non-GAAP financial measure"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

Diluted weighted average common shares outstanding financial

"Diluted weighted average common shares outstanding"

The diluted weighted average common shares outstanding is the number of common shares, averaged over the reporting period and adjusted to include the effect of all potentially dilutive securities (for example, convertible bonds or preferred stock, stock options, warrants and similar instruments) that would reduce earnings per share if converted or exercised. It is calculated by taking the time-weighted average of actual common shares outstanding during the period and then adding incremental shares from convertibles and exercisable instruments using accepted accounting methods (commonly the if‑converted method for convertibles and the treasury‑stock method for options and warrants); securities that would be anti‑dilutive are excluded. This figure is used as the denominator in diluted earnings per share calculations and therefore reflects the maximum number of shares that could be outstanding for EPS purposes during the period under generally accepted accounting approaches.

Earnings Snapshot

Revenue: $5.703 billion · Guidance included

Third quarter 2026

Revenue $5.703 billion Flat compared with $5.714 billion in the second quarter of 2026

Net income attributable to company $417 million Compared with $534 million in the second quarter of 2026

Adjusted net income attributable to company $501 million Compared with $461 million in the second quarter of 2026

Adjusted EBITDA $1.0 billion Compared with $948 million in the second quarter of 2026

Guidance

In its early outlook for 2027, Halliburton expects mid-single-digit revenue growth and operating margins of about 15%, an approximately 200-basis-point improvement. The outlook assumes a flat North America market and does not require a recovery in North America hydraulic fracturing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What revenue and net income did HAL report for Q3 2026?

Halliburton reported $5.703 billion in revenue and $417 million in net income attributable to the company for the third quarter of 2026. Net income was $0.50 per diluted share; adjusted net income was $501 million, or $0.60 per diluted share.

What is HAL's early 2027 outlook?

Halliburton expects mid-single-digit revenue growth and operating margins of about 15% in 2027, an approximately 200-basis-point improvement. The outlook assumes a flat North America market and does not require a recovery in North America hydraulic fracturing.

Which HAL segment grew in Q3 2026?

Drilling and Evaluation revenue increased 4% sequentially to $2.614 billion, while operating income increased 16% to $391 million. Halliburton attributed the increases primarily to improved activity in the Middle East and Latin America and increased drilling-related services in the Western Hemisphere.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/20/2026 - 06:51 AM EDT Accepted by SEC EDGAR 10/20/2026 - 06:50 AM EDT Learn about SEC filing dates

0000045012falseCHX00000450122026-10-202026-10-200000045012exch:XNYS2026-10-202026-10-200000045012exch:XCHI2026-10-202026-10-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 20, 2026

HALLIBURTON COMPANY

(Exact name of registrant as specified in its charter)

Delaware			001-03492			75-2677995
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

3000 North Sam Houston Parkway East,			Houston,			Texas			77032
(Address of principal executive offices)									(Zip Code)

Registrant’s telephone number, including area code: (281) 871-2699

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol			Name of each exchange on which registered
Common Stock, par value $2.50 per share			HAL			New York Stock Exchange
						NYSE Texas

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On October 20, 2026, Halliburton Company (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2026 and providing access information for an investor conference call to discuss those results. The scheduled conference call was previously announced on September 15, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 2.02. The press release will be published on the Company’s website at www.halliburton.com.

The Company’s press release announcing its results for the quarter ended September 30, 2026 and information to be discussed on the conference call contain certain non-GAAP financial measures (as defined under the Securities and Exchange Commission’s Regulation G). Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles, or GAAP. The Company has provided reconciliations within the press release and in the Quarterly Results and Presentations section of our website of the non-GAAP measures to the most directly comparable GAAP financial measure.

In accordance with General Instruction B.2 of Form 8-K, the information included in this Current Report under Item 2.02 and in the press release as Exhibit 99.1 is deemed to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended (Securities Act), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 7.01. Regulation FD Disclosure

On October 20, 2026, the Company issued a press release announcing its results for the quarter ended September 30, 2026. A copy of the press release is set forth in Exhibit 99.1 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information included in this Current Report under Item 7.01 and in the press release as Exhibit 99.1 is deemed to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits

In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act.

(d)    Exhibits

99.1    Press Release of Halliburton Company, dated October 20, 2026.

104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

									HALLIBURTON COMPANY
Date:			October 20, 2026			By:			/s/ Stephanie S. Holzhauser
									Stephanie S. Holzhauser
									Senior Vice President and Chief
									Accounting Officer

1

Exhibit 99.1

HALLIBURTON ANNOUNCES THIRD QUARTER 2026 RESULTS

•Net income of $0.50 per diluted share and adjusted net income per diluted

share1 of $0.60.

•Revenue of $5.7 billion, operating margin of 10.9%, and adjusted operating

margin2 of 12.8%.

•Cash flow from operations of $368 million and free cash flow3 of $156 million.

•Approximately $250 million of share repurchases.

HOUSTON – October 20, 2026 – Halliburton Company (NYSE: HAL) announced today net

income attributable to company of $417 million, or $0.50 per diluted share, for the third

quarter of 2026 and adjusted net income attributable to company4, excluding impairments

and other charges and tax adjustments, of $501 million, or $0.60 per diluted share. This

compares to net income attributable to company for the second quarter of 2026 of $534

million, or $0.64 per diluted share, and adjusted net income attributable to company,

excluding impairments and other credits and tax adjustments, of $461 million, or $0.55 per

diluted share.

Adjusted EBITDA5, which excludes impairments and other charges, was $1.0 billion in the

third quarter of 2026, compared to adjusted EBITDA of $948 million in the second quarter of

2026.

Halliburton’s total revenue for the third quarter of 2026 was $5.7 billion, flat when compared

to total revenue in the second quarter of 2026. Operating income was $624 million in the

third quarter of 2026, compared to operating income of $778 million in the second quarter of

2026. Adjusted operating income6 in the third quarter of 2026, excluding impairments and

other charges, was $731 million, compared to adjusted operating income of $683 million in

the second quarter of 2026.

“I am pleased with Halliburton’s third quarter results. Our revenue exceeded our

expectations, and we took important steps towards improving our margins.” commented Jeff

Miller, Chairman, President and CEO.

“We are another three months into one of the largest energy disruptions in history. I expect

the work to restore production, rebuild inventories and strengthen energy security will drive

multi-year demand growth for oilfield services,

“Based on our early outlook for 2027, I expect mid-single digit revenue growth and operating

margins of about 15%, an approximately 200 basis point improvement. This outlook

assumes a flat North America market and does not require any recovery in North America

hydraulic fracturing. To us, that recovery is purely upside,” concluded Miller.

2

Operating Segments

Completion and Production

Completion and Production revenue in the third quarter of 2026 was $3.1 billion, a decrease

of $113 million, or 4% sequentially, while operating income was $457 million, a decrease of

$17 million, or 4% sequentially. These decreases were primarily driven by lower stimulation

activity in the Western Hemisphere and were partially offset by increased activity across

multiple product service lines in the Middle East.

Drilling and Evaluation

Drilling and Evaluation revenue in the third quarter of 2026 was $2.6 billion, an increase of

$102 million, or 4% sequentially, while operating income was $391 million, an increase of

$53 million, or 16% sequentially. These increases were primarily driven by improved activity

across multiple product service lines in the Middle East and Latin America, and increased

drilling related services in the Western Hemisphere. Partially offsetting these increases was

lower testing services internationally.

Geographic Regions

North America

North America revenue in the third quarter of 2026 was $2.2 billion, a decrease of 5%

sequentially. This decrease was primarily driven by lower pressure pumping services in U.S.

Land.

International

International revenue in the third quarter of 2026 was $3.5 billion, an increase of 3%

sequentially.

Latin America revenue in the third quarter of 2026 was $1.1 billion, flat sequentially. These

results were primarily driven by decreased stimulation activity in Argentina, offset by

increased activity across multiple product service lines in Mexico.

Europe/Africa revenue in the third quarter of 2026 was $1.0 billion, flat sequentially. These

results were primarily driven by decreased well construction activity in Namibia, offset by

increased activity across multiple product service lines in Nigeria.

Middle East/Asia revenue in the third quarter of 2026 was $1.4 billion, an increase of 8%

sequentially. These results were primarily driven by higher activity across multiple product

service lines in Saudi Arabia and Kuwait.

3

Other Financial Items

During the third quarter of 2026, Halliburton:

•Repurchased approximately $250 million of its common stock.

•Paid dividends of $0.17 per share.

•Spent $42 million on SAP S4 migration.

•Recognized a pre-tax charge of $107 million related to impairments and other

charges.

Selective Technology & Highlights

•Halliburton announced it secured an integrated well construction and completions

contract from Eni for the Cronos ultra-deepwater development in Block 6 of the

Cyprus Exclusive Economic Zone. The award strengthens Halliburton’s offshore

portfolio in the Eastern Mediterranean and expands the company’s role in the region’s

strategic natural gas development. Under the contract, Halliburton will deliver

integrated drilling, well construction, automation, and completions services for

exploration and development wells. The bundled scope reduces operational

interfaces, improves execution certainty, and supports efficient delivery for a multi-

year ultra-deepwater development.

•Halliburton announced it received an integrated contract by bp for the first appraisal

campaign in the Bumerangue field, offshore deepwater Brazil. The award includes a

comprehensive suite of services to fast-track the appraisal campaign for bp’s

discovery. The contract includes an integrated package of drilling services to optimize

reservoir evaluation and improve operational efficiency. The scope draws on

Halliburton’s drilling and evaluation portfolio to deliver an integrated execution model

for the drilling appraisal program. Halliburton reduces operational complexity through

consolidation of multiple services. LOGIX™ automation and remote operations will be

deployed to improve execution efficiency and consistency.

•Halliburton announced the signing of memorandums of understanding with Eneva

and WESCA to support energy development opportunities in Venezuela and help

customers advance projects in the country's oil and gas sector. With nearly nine

decades of experience in Venezuela, Halliburton helps customers advance projects

through strategically located bases in the country and by established operational

capabilities and local expertise. Halliburton and Eneva, one of Brazil’s leading

integrated energy companies and the country’s largest private natural gas operator,

will collaborate to identify and pursue development opportunities in Venezuela. The

agreement builds on the companies' existing relationship in Brazil.

•Halliburton announced the successful deployment of LOGIX™ automation and

remote operations on a deepwater exploration well with Eni offshore Indonesia. The

operation marks a series of industry and regional firsts that advance closed loop

drilling automation and demonstrate performance at scale in complex offshore

environments.

4

•Halliburton has entered into a multiyear agreement with Pampa Energía to support

the digital transformation of its unconventional operations in Vaca Muerta, one of the

world’s most significant shale plays. As regional development accelerates, the

agreement supports Pampa Energía’s strategy to scale efficiently, strengthen

decision-making, and deliver consistent execution within subsurface and operations

teams.

•Halliburton was awarded a multiyear agreement by Kuwait Oil Company (KOC) to

support the development of the Ahmadi Innovation Valley, a flagship initiative that

advances Kuwait’s energy sector transformation. The research and development

center will support KOC to deliver solutions in brownfield, greenfield, and

unconventional fields, address higher operational complexity, and build technology

designed for Kuwait’s upstream challenges. The center embeds applied research as

a permanent capability from concept through prototyping, piloting, and

commercialization.

•Halliburton Labs announced the addition of three companies to its collaborative

ecosystem: Electroflow, Osmoses, and SiTration. The selected ventures develop

breakthrough technologies that address critical challenges in battery materials,

resource recovery, and gas separations. These companies confront the material and

process bottlenecks that stand between today’s energy system and tomorrow's

opportunities. Halliburton Labs collaborates with early-stage, hard-tech ventures to

scale innovative technologies through industry expertise, world-class facilities, and a

global network of industrial and investment partners.

(1)	Adjusted net income per diluted share is a non-GAAP financial measure which is calculated as: “Adjusted net income attributable to company” divided by “Diluted weighted average common shares outstanding.” Management believes adjusted net income per diluted share is useful to investors to assess and understand operating performance. See Reconciliation of Net Income Attributable to Company to Adjusted Net Income Attributable to Company in Footnote Table 2.
(2)	Adjusted operating margin is a non-GAAP financial measure which is calculated by dividing “Adjusted operating income” by “Total revenue.” Management believes adjusted operating margin is useful to investors to assess and understand operating performance. See Reconciliation of Operating Income to Adjusted Operating Income in Footnote Table 1.
(3)	Free cash flow is a non-GAAP financial measure which is calculated as “Total cash flows provided by operating activities” less “Capital expenditures” plus “Proceeds from sales of property, plant, and equipment.” Management believes that free cash flow is a key measure to assess liquidity of the business and is consistent with the disclosures of Halliburton's direct, large- cap competitors. See Reconciliation of Cash Flows from Operating Activities to Free Cash Flow in Footnote Table 3.
(4)	Adjusted net income attributable to company is a non-GAAP financial measure which is calculated as: “Net income attributable to company” plus “Total adjustments, net of taxes” for the respective periods. Management believes adjusted net income is useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of the company's normal operating results. Management analyzes net income without the impact of these items as an indicator of performance to identify underlying trends in the business and to establish operational goals. Total adjustments remove the effect of these items. See Reconciliation of Net Income Attributable to Company to Adjusted Net Income Attributable to Company in Footnote Table 2.

5

(5)

Adjusted EBITDA is a non-GAAP financial measure which is calculated as: “Net income,” before “Interest expense, net,” “Income tax provision,” “Depreciation, depletion, and amortization,” and excludes “Impairments and other charges (credits).” Management believes Adjusted EBITDA is a key measure to assess and understand operating performance and is consistent with the disclosures of Halliburton’s direct, large-cap competitors. See EBITDA, Adjusted EBITDA, Related Margins, and Reconciliations schedule.

(6)

Adjusted operating income is a non-GAAP financial measure which is calculated as: “Operating income” plus “Total impairments and other charges (credits)” for the respective periods. Management believes that operating income adjusted for impairments and other charges (credits) is useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of the company's normal operating results. Management analyzes operating income without the impact of these items as an indicator of performance, to identify underlying trends in the business, and to establish operational goals. The adjustments remove the effect of these items. See Reconciliation of Operating Income to Adjusted Operating Income in Footnote Table 1.

About Halliburton

Halliburton is one of the world’s leading providers of products and services to the energy

industry. Founded in 1919, we create innovative technologies, products, and services that

help our customers maximize their value throughout the life cycle of an asset and advance a

sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn,

YouTube, Instagram, and Facebook.

6

Forward-looking Statements

The statements in this press release that are not historical statements are forward-looking

statements within the meaning of the federal securities laws. These statements are subject

to numerous risks and uncertainties, many of which are beyond the company's control,

which could cause actual results to differ materially from the results expressed or implied by

the statements. These risks and uncertainties include, but are not limited to: changes in the

demand for or price of oil and/or natural gas, including as a result of development of

alternative energy sources, general economic conditions such as inflation and recession, the

ability of the OPEC+ countries to agree on and comply with production quotas, and other

causes; changes in capital spending by our customers; the modification, continuation or

suspension of our shareholder return framework, including the payment of dividends and

purchases of our stock, which will be subject to the discretion of our Board of Directors and

may depend on a variety of factors, including our results of operations and financial

condition, growth plans, capital requirements and other conditions existing when any

payment or purchase decision is made; potential catastrophic events related to our

operations, and related indemnification and insurance; protection of intellectual property

rights; cyber-attacks and data security; compliance with environmental laws; changes in

government regulations and regulatory requirements, particularly those related to oil and

natural gas exploration, the environment, radioactive sources, explosives, chemicals,

hydraulic fracturing services, and climate-related initiatives; assumptions regarding the

generation of future taxable income, and compliance with laws related to and disputes with

taxing authorities regarding income taxes; risks of international operations, including risks

relating to unsettled political conditions, war, including the current conflict in Iran, the effects

of terrorism, foreign exchange rates and controls, international trade and regulatory controls,

tariffs, and sanctions, and doing business with national oil companies; weather-related

issues, including the effects of hurricanes and tropical storms; delays or failures by

customers to make payments owed to us; infrastructure issues in the oil and natural gas

industry; availability and cost of highly skilled labor and raw materials; completion of

potential dispositions, and acquisitions, and integration and success of acquired businesses

and joint ventures; risks related to the deployment of artificial intelligence. Halliburton's most

recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current

Reports on Form 8-K and other filings with, or furnished to, the Securities and Exchange

Commission discuss some of the important risk factors identified that may affect

Halliburton's business, results of operations, and financial condition. Halliburton undertakes

no obligation to revise or update publicly any forward-looking statements for any reason,

except as required by law.

7

HALLIBURTON COMPANY

Condensed Consolidated Statements of Operations

(Millions of dollars and shares except per share data)

(Unaudited)

	Three Months Ended				Nine Months Ended
	September 30,		June 30,		September 30,
	2026	2025	2026		2026	2025
Revenue:
Completion and Production	$ 3,089	$ 3,223	$ 3,202		$ 9,307	$ 9,514
Drilling and Evaluation	2,614	2,377	2,512		7,512	7,013
Total revenue	$ 5,703	$ 5,600	$ 5,714		$ 16,819	$ 16,527
Operating income:
Completion and Production	$ 457	$ 514	$ 474		$ 1,370	$ 1,558
Drilling and Evaluation	391	348	338		1,080	1,012
Corporate and other	(75)	(64)	(83)		(227)	(196)
SAP S4 upgrade expense	(42)	(50)	(46)		(130)	(112)
Impairments and other (charges) credits (a)	(107)	(392)	95		(12)	(748)
Total operating income	624	356	778		2,081	1,514
Interest expense, net	(84)	(88)	(83)		(249)	(266)
Other, net (b)	(27)	(49)	(31)		(86)	(112)
Income before income taxes	513	219	664		1,746	1,136
Income tax provision (c)	(94)	(199)	(126)		(325)	(433)
Net income	$ 419	$ 20	$ 538		$ 1,421	$ 703
Net income attributable to noncontrolling interest	(2)	(2)	(4)		(9)	(9)
Net income attributable to company	$ 417	$ 18	$ 534		$ 1,412	$ 694
Basic and diluted net income per share	$ 0.50	$ 0.02	$ 0.64		$ 1.69	$ 0.81
Basic weighted average common shares outstanding	831	849	836		835	857
Diluted weighted average common shares outstanding	832	850	838		836	858

(a)	See Footnote Table 1 for details of the impairments and other (charges) credits recorded during the three and nine months ended September 30, 2026 and 2025, and the three months ended June 30, 2026.
(b)	During the three and nine months ended September 30, 2025, Halliburton incurred a charge of $23 million due to the impairment of an investment in Argentina.
(c)	During the three and nine months ended September 30, 2026 and the three months ended June 30, 2026, the income tax provision includes the tax effect on impairments and other (charges) credits. The income tax provision during the three and nine months ended September 30, 2025 includes a $125 million tax expense associated with a valuation allowance recorded against our United States foreign tax credits, as well as the tax effect on impairments and other charges and the impairment of an investment in Argentina.
See Footnote Table 1 for Reconciliation of Operating Income to Adjusted Operating Income.
See Footnote Table 2 for Reconciliation of Net Income Attributable to Company to Adjusted Net Income Attributable to Company.

8

HALLIBURTON COMPANY

Condensed Consolidated Balance Sheets

(Millions of dollars)

(Unaudited)

		September 30,		December 31,
		2026		2025
Assets
Current assets:
Cash and equivalents		$ 1,843		$ 2,206
Receivables, net		5,515		4,942
Inventories		3,265		2,976
Other current assets		1,517		1,274
Total current assets		12,140		11,398
Property, plant, and equipment, net		5,152		5,261
Goodwill		3,021		2,938
Deferred income taxes		2,377		2,298
Operating lease right-of-use assets		1,018		938
Other assets		2,365		2,177
Total assets		$ 26,073		$ 25,010
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable		$ 3,535		$ 3,133
Accrued employee compensation and benefits		788		767
Current portion of operating lease liabilities		276		263
Current maturities of long-term debt		90		—
Other current liabilities		1,323		1,425
Total current liabilities		6,012		5,588
Long-term debt		7,072		7,158
Operating lease liabilities		760		712
Employee compensation and benefits		431		428
Other liabilities		637		619
Total liabilities		14,912		14,505
Company shareholders’ equity		11,118		10,461
Noncontrolling interest in consolidated subsidiaries		43		44
Total shareholders’ equity		11,161		10,505
Total liabilities and shareholders’ equity		$ 26,073		$ 25,010

9

HALLIBURTON COMPANY

Condensed Consolidated Statements of Cash Flows

(Millions of dollars)

(Unaudited)

	Nine Months Ended		Three Months Ended
	September 30,		September 30,
	2026	2025	2026
Cash flows from operating activities:
Net income	$ 1,421	$ 703	$ 419
Adjustments to reconcile net income to cash flows from operating activities:
Depreciation, depletion, and amortization	887	846	296
Impairments and other charges	12	748	107
Working capital (a)	(517)	(111)	(330)
Other operating activities	(338)	(425)	(124)
Total cash flows provided by operating activities	1,465	1,761	368
Cash flows from investing activities:
Capital expenditures	(693)	(917)	(266)
Purchases of investment securities	(111)	(128)	(18)
Payments to acquire businesses	(107)	(175)	—
Purchases of equity investments	(101)	(343)	—
Proceeds from sales of property, plant, and equipment	175	138	54
Sales of investment securities	65	228	16
Sale of an equity investment	50	120	50
Other investing activities	(48)	(49)	20
Total cash flows used in investing activities	(770)	(1,126)	(144)
Cash flows from financing activities:
Stock repurchase program	(558)	(757)	(250)
Dividends to shareholders	(426)	(436)	(141)
Other financing activities	(52)	(23)	(26)
Total cash flows used in financing activities	(1,036)	(1,216)	(417)
Effect of exchange rate changes on cash	(22)	(11)	(12)
Decrease in cash and equivalents	(363)	(592)	(205)
Cash and equivalents at beginning of period	2,206	2,618	2,048
Cash and equivalents at end of period	$ 1,843	$ 2,026	$ 1,843

(a)	Working capital includes receivables, inventories, and accounts payable.
See Footnote Table 3 for Reconciliation of Cash Flows from Operating Activities to Free Cash Flow.

10

HALLIBURTON COMPANY

EBITDA, Adjusted EBITDA, Related Margins, and Reconciliations

(Millions of dollars)

(Unaudited)

	Three Months Ended				Nine Months Ended
	September 30,		June 30,		September 30,
	2026	2025	2026		2026	2025
Net income attributable to company	$ 417	$ 18	$ 534		$ 1,412	$ 694
Net income attributable to noncontrolling interest	2	2	4		9	9
Net Income	$ 419	$ 20	$ 538		$ 1,421	$ 703
Interest expense, net	84	88	83		249	266
Income tax provision	94	199	126		325	433
Depreciation, depletion, and amortization	296	285	296		887	846
EBITDA (a)	$ 893	$ 592	$ 1,043		$ 2,882	$ 2,248
Other, net (b)	—	23	—		—	23
Impairments and other charges (credits) (c)	107	392	(95)		12	748
Adjusted EBITDA	$ 1,000	$ 1,007	$ 948		$ 2,894	$ 3,019
Total revenue	$ 5,703	$ 5,600	$ 5,714		$ 16,819	$ 16,527
Net income attributable to company margin	7.3 %	0.3 %	9.3 %		8.4 %	4.2 %
Net income margin	7.3 %	0.4 %	9.4 %		8.4 %	4.3 %
EBITDA margin (a)	15.7 %	10.6 %	18.3 %		17.1 %	13.6 %
Adjusted EBITDA margin (d)	17.5 %	18.0 %	16.6 %		17.2 %	18.3 %

(a)	EBITDA and EBITDA margin are non-GAAP financial measures. EBITDA is calculated as “Net income” before “Interest expense, net,” “Income tax provision” and “Depreciation, depletion, and amortization” for the respective periods. EBITDA margin is calculated as “EBITDA” divided by “Total revenue.” Management believes EBITDA and EBITDA margin are key measures to assess and understand operating performance and are consistent with the disclosures of Halliburton’s direct, large-cap competitors.
(b)	For the three and nine months ended September 30, 2025, adjusted EBITDA excludes a $23 million impairment on an investment in Argentina.
(c)	See Footnote Table 1 for details of the impairments and other charges (credits) recorded during the three and nine months ended September 30, 2026 and 2025, and the three months ended June 30, 2026.
(d)	Adjusted EBITDA margin is a non-GAAP financial measure which is calculated as: “Adjusted EBITDA” divided by “Total revenue.” Management believes Adjusted EBITDA margin is a key measure to assess and understand operating performance and is consistent with disclosures of Halliburton's direct, large-cap competitors.

11

HALLIBURTON COMPANY

Selected Operating Segment Results and Reconciliation of Segment Operating Income to

Segment EBITDA and EBITDA Margin

(Millions of dollars)

(Unaudited)

	Three Months Ended
	September 30,			September 30,			June 30,
	2026			2025			2026
	Completion and Production	Drilling and Evaluation		Completion and Production	Drilling and Evaluation		Completion and Production	Drilling and Evaluation
Revenue	$ 3,089	$ 2,614		$ 3,223	$ 2,377		$ 3,202	$ 2,512
Operating income	$ 457	$ 391		$ 514	$ 348		$ 474	$ 338
Depreciation, depletion, and amortization	161	126		156	123		162	126
Segment EBITDA (a)	$ 618	$ 517		$ 670	$ 471		$ 636	$ 464
Operating margin	14.8 %	15.0 %		15.9 %	14.6 %		14.8 %	13.5 %
Segment EBITDA margin (a)	20.0 %	19.8 %		20.8 %	19.8 %		19.9 %	18.5 %

	Nine Months Ended
	September 30,			September 30,
	2026			2025
	Completion and Production	Drilling and Evaluation		Completion and Production	Drilling and Evaluation
Revenue	$ 9,307	$ 7,512		$ 9,514	$ 7,013
Operating income	$ 1,370	$ 1,080		$ 1,558	$ 1,012
Depreciation, depletion, and amortization	486	378		462	368
Segment EBITDA (a)	$ 1,856	$ 1,458		$ 2,020	$ 1,380
Operating margin	14.7 %	14.4 %		16.4 %	14.4 %
Segment EBITDA margin (a)	19.9 %	19.4 %		21.2 %	19.7 %

(a) Segment EBITDA and Segment EBITDA margin are non-GAAP financial measures. Segment EBITDA is calculated as segment “Operating income” plus “Depreciation, depletion, and amortization” for the respective periods. Segment EBITDA margin is calculated as “Segment EBITDA” divided by segment “Revenue”. Management believes Segment EBITDA and Segment EBITDA margin are key measures to assess and understand segment operating performance and are consistent with the disclosures of Halliburton’s direct, large-cap competitors.

12

HALLIBURTON COMPANY

Revenue Comparison by Geographic Region

(Millions of dollars)

(Unaudited)

	Three Months Ended				Nine Months Ended
	September 30,		June 30,		September 30,
Revenue	2026	2025	2026		2026	2025
North America	$ 2,160	$ 2,364	$ 2,276		$ 6,572	$ 6,859
Latin America	1,122	996	1,123		3,335	2,869
Europe/Africa/CIS	1,016	828	1,017		2,891	2,423
Middle East/Asia	1,405	1,412	1,298		4,021	4,376
Total revenue	$ 5,703	$ 5,600	$ 5,714		$ 16,819	$ 16,527

13

FOOTNOTE TABLE 1

HALLIBURTON COMPANY

Reconciliation of Operating Income to Adjusted Operating Income

(Millions of dollars)

(Unaudited)

		Three Months Ended				Nine Months Ended
		September 30,		June 30,		September 30,
		2026	2025	2026		2026	2025
Operating income		$ 624	$ 356	$ 778		$ 2,081	$ 1,514
Impairments and other charges (credits):
Severance costs		107	169	—		107	276
Inventory costs and write-downs		25	—	—		25	—
Fixed and other assets write-offs		14	115	—		14	115
Impairment of assets held for sale		—	96	—		—	200
Loss on sale of a business		—	—	17		17	—
Impairment of real estate facilities		—	—	—		—	53
Cybersecurity incident		—	(10)	—		—	(10)
Gain on investments		(36)	(6)	(64)		(100)	(6)
Other		(3)	28	(48)		(51)	120
Total impairments and other charges (credits) (a) (b)		107	392	(95)		12	748
Adjusted operating income		$ 731	$ 748	$ 683		$ 2,093	$ 2,262
Total revenue		$ 5,703	$ 5,600	$ 5,714		$ 16,819	$ 16,527
Operating income margin		10.9 %	6.4 %	13.6 %		12.4 %	9.2 %
Adjusted operating income margin		12.8 %	13.4 %	12.0 %		12.4 %	13.7 %

(a)

During the three months ended September 30, 2026, Halliburton recognized a pre-tax charge of $107 million primarily related to $107 million of severance costs associated with the rationalization of our global headcount, and $25 million of inventory costs and write-downs, partially offset by a $36 million gain resulting from the sale of a portion of our shares in an equity investment. During the three months ended June 30, 2026, Halliburton recognized a pre-tax credit of $95 million primarily due to a $54 million gain resulting from changes in our ownership interest in an equity investment, and a $10 million gain from remeasuring an equity investment to fair value. Other credits of $48 million were primarily due to a government refund recovery. These gains were partially offset by a $17 million loss on the sale of a portion of our chemical business, which closed in April 2026. During the three months ended September 30, 2025, Halliburton recognized a pre-tax charge of $392 million as a result of severance costs, fixed and other assets write-offs, an impairment of assets held for sale, and other items.

(b)

During the nine months ended September 30, 2026, Halliburton recognized a pre-tax charge of $12 million primarily related to $107 million of severance costs associated with the rationalization of our global headcount, partially offset by a $102 million gain primarily related to a $54 million gain resulting from changes in our ownership interest in an equity investment and a $36 million gain resulting from the sale of a portion of our shares in an equity investment. During the nine months ended September 30, 2025, Halliburton recognized a pre-tax charge of $748 million as a result of severance costs, an impairment of assets held for sale, an impairment on real estate facilities, and other items, primarily related to legacy environmental remediation cost estimate increases.

14

FOOTNOTE TABLE 2

HALLIBURTON COMPANY

Reconciliation of Net Income Attributable to Company to Adjusted Net Income Attributable to Company

(Millions of dollars and shares except per share data)

(Unaudited)

		Three Months Ended				Nine Months Ended
		September 30,		June 30,		September 30,
		2026	2025	2026		2026	2025
Net income attributable to company		$ 417	$ 18	$ 534		$ 1,412	$ 694
Adjustments:
Impairments and other charges (credits) (a)		107	392	(95)		12	748
Other, net (b)		—	23	—		—	23
Total adjustments, before taxes		107	415	(95)		12	771
Tax valuation allowance (c)		—	125	—		—	125
Tax adjustment (c)		(23)	(62)	22		(1)	(105)
Total adjustments, net of taxes		84	478	(73)		11	791
Adjusted net income attributable to company		$ 501	$ 496	$ 461		$ 1,423	$ 1,485
Diluted weighted average common shares outstanding		832	850	838		836	858
Net income per diluted share		$ 0.50	$ 0.02	$ 0.64		$ 1.69	$ 0.81
Adjusted net income per diluted share		$ 0.60	$ 0.58	$ 0.55		$ 1.70	$ 1.73

(a)	See Footnote Table 1 for details of the impairments and other charges (credits) recorded during the three and nine months ended September 30, 2026 and 2025, and the three months ended June 30, 2026.
(b)	During the three and nine months ended September 30, 2025, Halliburton incurred a charge of $23 million due to the impairment of an investment in Argentina.
(c)	During the three and nine months ended September 30, 2026 and the three months ended June 30, 2026, the adjustment includes the tax effect on impairments and other charges (credits). During the three and nine months ended September 30, 2025, the adjustments in the table above include a $125 million tax expense associated with a valuation allowance recorded against our deferred tax assets, which resulted from the impact on the realizability of our United States foreign tax credits due to the “One Big Beautiful Bill Act” (OBBBA), as well as the tax effect on impairments and other charges and the impairment of an investment in Argentina.

15

FOOTNOTE TABLE 3

HALLIBURTON COMPANY

Reconciliation of Cash Flows from Operating Activities to Free Cash Flow

(Millions of dollars)

(Unaudited)

	Nine Months Ended		Three Months Ended
	September 30,		September 30,
	2026	2025	2026
Total cash flows provided by operating activities	$ 1,465	$ 1,761	$ 368
Capital expenditures	(693)	(917)	(266)
Proceeds from sales of property, plant, and equipment	175	138	54
Free cash flow	$ 947	$ 982	$ 156

16

Conference Call Details

Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, October 20,

2026, to discuss its third quarter 2026 financial results. The call will begin at 8:00 a.m.

CT (9:00 a.m. ET).

Please visit the Halliburton website to listen to the call via live webcast. A recorded

version will be available for seven days under the same link immediately following the

conclusion of the conference call. You can also pre-register for the conference call and

obtain your dial in number and passcode by clicking here.

CONTACTS

Investor Relations

David Coleman

Investors@Halliburton.com

281-871-2688

Media Relations

Alexandra Franceschi

PR@Halliburton.com

281-871-2601

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