How Halliburton (HAL) makes money: Q2 2026 revenue breakdown
This is the previous report. The new report for Q3 2026 came out on Oct 20, 2026 — breakdown in progress
The quarter in brief
Revenue grew 3.7% y/y to $5.71B, operating margin 13.6% vs 13.2%, net income $534M (+13.1% y/y).
Key growth driver: Drilling and Evaluation — the fastest-growing revenue line: $2,512, +7% y/y. · by the Q2 2026 report
Net income attributable to company
$534M
up 13.1% y/y
Total revenue
$5,714M
up 3.7% y/y
Total operating income
$778M
up 7.0% y/y
New report
out Oct 20
breakdown in progress
How does Halliburton make money?
Halliburton brought in $5.71 billion of revenue in Q2 2026, up 3.7% year over year. The largest source was Completion and Production: $3.20 billion, or 56% of the total, followed by Drilling and Evaluation ($2.51B, 44%). Net income for the quarter was $534 million, up 13.1% year over year.
Revenue by source, Q2 2026
- Completion and Production$3.20B · 56% · +1.0%
- Drilling and Evaluation$2.51B · 44% · +7.4%
Shares of $5.71B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Completion and Production | $3,202 · +1.0% |
| Drilling and Evaluation | $2,512 · +7.4% |
| Total revenue | $5,714 · +3.7% |
| Segment operating costs (calculated) | $4,902 · +4.6% |
| Corporate and other, SAP S4 upgrade expense, impairments and other credits (calculated) | $34 · −65.3% |
| Total operating income | $778 · +7.0% · 13.6% margin |
| Interest expense, net | $83 · −9.8% |
| Other, net | $31 · +29.2% |
| Income before income taxes | $664 · +8.7% |
| Income tax provision | $126 · −3.8% · 19.0% effective rate |
| Net income attributable to noncontrolling interest | $4 · −50.0% |
| Net income attributable to company | $534 · +13.1% · $0.64/sh · 9.3% margin |
Verdict: revenue grew 3.7% y/y to $5.71B, operating margin 13.6% vs 13.2%, net income $534M (+13.1% y/y).
Diluted EPS $0.64 vs $0.55 a year earlier; adjusted net income excluding impairments and other credits $461 million, or $0.55 per share; adjusted operating income $683 million (non-GAAP).
Source and notation
Source: Halliburton earnings release, 8-K EX-99 of 07/21/2026 (SEC EDGAR). The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; revenue and net income match SEC XBRL.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Operating income includes a $95 million credit from impairments and other items, partly offset by $46 million of SAP S4 upgrade expense.
- Drilling and Evaluation revenue rose to $2,512M from $2,339M on drilling-related services and wireline activity.
- Operating income was $778M, a 13.6% margin vs 13.2% a year earlier.
- The effective tax rate was 19.0% vs 21.4% a year earlier.
- Diluted EPS was $0.64 vs $0.55 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- Jeffrey A. MillerChairman of the Board, President and Chief Executive Officer [1]
- Eric J. CarreExecutive Vice President and Chief Financial Officer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-07-24 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-07-24 · SEC EDGAR · 10/20/2026
Halliburton Company is an American multinational corporation and the world's second-largest oil service company, responsible for most of the world's fracking operations. · Text: Wikipedia, CC BY-SA 4.0, abridged
The company, incorporated in the United States, has dual headquarters located in Houston and in Dubai.
Company guidance
Same quarter a year ago (ended December 31, 2025): revenue $5.66B, EPS (GAAP) $0.69
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
HAL earnings history: past report dates
| Jul 21, 2026 Tue | 6:53 ambefore market open | Jun 30, 2026 | $5.7B+4% y/y | $0.64+16% y/y |
| Apr 21, 2026 Tue | 6:50 ambefore market open | Mar 31, 2026 | $5.4B−0% y/y | $0.55+129% y/y |
| Jan 21, 2026 Wed | 6:49 ambefore market open | Dec 31, 2025 | ≈$5.7B | ≈$0.69−100% y/y |
| Oct 21, 2025 Tue | 6:53 ambefore market open | Sep 30, 2025 | $5.6B | $0.02−97% y/y |
| Jul 22, 2025 Tue | 6:50 ambefore market open | Jun 30, 2025 | $5.5B | $0.55−31% y/y |
| Apr 22, 2025 Tue | 6:52 ambefore market open | Mar 31, 2025 | $5.4B | $0.24−65% y/y |
| Jan 22, 2025 Wed | 7:01 ambefore market open | Dec 31, 2024 | — | ≈$2829997.87+288% y/y |
| Nov 7, 2024 Thu | 7:08 ambefore market open | Sep 30, 2024 | — | $0.65−100% y/y |
| Jul 19, 2024 Fri | 7:06 ambefore market open | Jun 30, 2024 | — | $0.80 |
| Apr 23, 2024 Tue | 7:09 ambefore market open | Mar 31, 2024 | — | $0.68 |
| Jan 23, 2024 Tue | 7:14 ambefore market open | Dec 31, 2023 | — | ≈$730000.00 |
| Oct 24, 2023 Tue | 7:13 ambefore market open | Sep 30, 2023 | — | $790000.00 |
| Jul 19, 2023 Wed | 7:59 ambefore market open | Jun 30, 2023 | $5.8B+14% y/y | — |
| Apr 25, 2023 Tue | 8:46 ambefore market open | Mar 31, 2023 | $5.7B+33% y/y | — |
| Jan 24, 2023 Tue | 4:22 pmafter market close | Dec 31, 2022 | ≈$5.6B+31% y/y | — |
| Oct 25, 2022 Tue | 3:15 pmduring market hours | Sep 30, 2022 | $5.4B+39% y/y | — |
| Jul 19, 2022 Tue | 3:09 pmduring market hours | Jun 30, 2022 | $5.1B+37% y/y | — |
| Apr 19, 2022 Tue | 2:38 pmduring market hours | Mar 31, 2022 | $4.3B+24% y/y | — |
| Jan 24, 2022 Mon | 4:16 pmafter market close | Dec 31, 2021 | ≈$4.3B+32% y/y | — |
| Oct 19, 2021 Tue | 3:53 pmduring market hours | Sep 30, 2021 | $3.9B+30% y/y | — |
| Jul 20, 2021 Tue | 5:02 pmafter market close | Jun 30, 2021 | $3.7B+16% y/y | — |
| Apr 21, 2021 Wed | 5:22 pmafter market close | Mar 31, 2021 | $3.5B−31% y/y | $0.19 |
| Jan 19, 2021 Tue | 4:39 pmafter market close | Dec 31, 2020 | ≈$3.2B−38% y/y | ≈−$0.26+86% y/y |
| Oct 19, 2020 Mon | 2:48 pmduring market hours | Sep 30, 2020 | $3.0B−46% y/y | −$20000.00 |
| Jul 20, 2020 Mon | 12:56 pmduring market hours | Jun 30, 2020 | $3.2B−46% y/y | −$1.91 |
| Apr 20, 2020 Mon | 3:13 pmduring market hours | Mar 31, 2020 | $5.0B−12% y/y | −$1.16 |
| Jan 21, 2020 Tue | 4:00 pmafter market close | Dec 31, 2019 | ≈$5.2B−13% y/y | ≈−$1.89 |
| Oct 21, 2019 Mon | 3:39 pmduring market hours | Sep 30, 2019 | $5.5B−10% y/y | $0.34−32% y/y |
| Jul 22, 2019 Mon | 2:48 pmduring market hours | Jun 30, 2019 | $5.9B−4% y/y | $0.09−84% y/y |
| Apr 22, 2019 Mon | 3:28 pmduring market hours | Mar 31, 2019 | $5.7B−0% y/y | $0.17+240% y/y |
| Jan 22, 2019 Tue | 5:00 pmafter market close | Dec 31, 2018 | ≈$5.9B−0% y/y | ≈$0.76 |
| Oct 22, 2018 Mon | 3:41 pmduring market hours | Sep 30, 2018 | $6.2B+13% y/y | $0.50+19% y/y |
| Jul 23, 2018 Mon | 3:30 pmduring market hours | Jun 30, 2018 | $6.1B+24% y/y | $0.58 |
| Apr 23, 2018 Mon | 1:04 pmduring market hours | Mar 31, 2018 | $5.7B+34% y/y | $0.05 |
| Jan 22, 2018 Mon | 5:01 pmafter market close | Dec 31, 2017 | ≈$5.9B+48% y/y | ≈−$0.94−487% y/y |
| Oct 23, 2017 Mon | 3:34 pmduring market hours | Sep 30, 2017 | $5.4B+42% y/y | $0.42 |
| Jul 24, 2017 Mon | 4:32 pmafter market close | Jun 30, 2017 | $5.0B+29% y/y | $0.03 |
| Apr 24, 2017 Mon | 3:45 pmduring market hours | Mar 31, 2017 | $4.3B+2% y/y | −$0.04+99% y/y |
| Jan 23, 2017 Mon | 3:25 pmduring market hours | Dec 31, 2016 | ≈$4.0B−21% y/y | ≈−$0.16−433% y/y |
| Oct 19, 2016 Wed | 3:27 pmduring market hours | Sep 30, 2016 | $3.8B−31% y/y | $0.01 |
| Jul 20, 2016 Wed | 3:36 pmduring market hours | Jun 30, 2016 | $3.8B−35% y/y | −$3.73 |
| Apr 22, 2016 Fri | 6:08 pmafter market close | Mar 31, 2016 | $4.2B−40% y/y | −$2.81−270% y/y |
| Jan 25, 2016 Mon | 4:13 pmafter market close | Dec 31, 2015 | ≈$5.1B−42% y/y | ≈−$0.03 |
| Oct 19, 2015 Mon | 3:35 pmduring market hours | Sep 30, 2015 | $5.6B−36% y/y | −$0.06 |
| Jul 20, 2015 Mon | 3:09 pmduring market hours | Jun 30, 2015 | $5.9B−26% y/y | $0.06−93% y/y |
| Apr 20, 2015 Mon | 4:21 pmafter market close | Mar 31, 2015 | $7.0B−4% y/y | −$0.76 |
| Jan 20, 2015 Tue | 3:22 pmduring market hours | Dec 31, 2014 | ≈$8.8B+15% y/y | ≈$1.06+16% y/y |
| Oct 20, 2014 Mon | 4:38 pmafter market close | Sep 30, 2014 | $8.7B+16% y/y | $1.41+78% y/y |
| Jul 21, 2014 Mon | 3:33 pmduring market hours | Jun 30, 2014 | $8.1B+10% y/y | $0.91+32% y/y |
| Apr 21, 2014 Mon | 4:11 pmafter market close | Mar 31, 2014 | $7.3B+5% y/y | $0.73 |
| Jan 21, 2014 Tue | 2:57 pmduring market hours | Dec 31, 2013 | ≈$7.6B+5% y/y | ≈$0.91+26% y/y |
| Oct 21, 2013 Mon | 2:26 pmduring market hours | Sep 30, 2013 | $7.5B+5% y/y | $0.79+22% y/y |
| Jul 22, 2013 Mon | 1:13 pmduring market hours | Jun 30, 2013 | $7.3B+1% y/y | $0.69−13% y/y |
| Apr 22, 2013 Mon | 5:29 pmafter market close | Mar 31, 2013 | $7.0B+2% y/y | −$0.02 |
| Jan 25, 2013 Fri | 4:43 pmafter market close | Dec 31, 2012 | ≈$7.3B+3% y/y | ≈$0.72−27% y/y |
| Oct 18, 2012 Thu | 11:12 amduring market hours | Sep 30, 2012 | $7.1B+9% y/y | $0.65−12% y/y |
| Jul 24, 2012 Tue | 11:51 amduring market hours | Jun 30, 2012 | $7.2B+22% y/y | $0.79−1% y/y |
| Apr 19, 2012 Thu | 1:38 pmduring market hours | Mar 31, 2012 | $6.9B+30% y/y | $0.68+21% y/y |
| Jan 24, 2012 Tue | 10:32 amduring market hours | Dec 31, 2011 | ≈$7.1B | ≈$0.98 |
| Oct 18, 2011 Tue | 4:03 pmafter market close | Sep 30, 2011 | $6.5B | $0.74 |
| Jul 19, 2011 Tue | 2:06 pmduring market hours | Jun 30, 2011 | $5.9B | $0.80 |
| Apr 19, 2011 Tue | 1:05 pmduring market hours | Mar 31, 2011 | $5.3B | $0.56 |
Show all 62 reports since 2011Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Halliburton: 15-year financials
| 2025 | 22,184 | 2,260 | 1,283 | 1,672 | 579 |
| 2024 | 22,944 | 3,822 | 2,501 | 2,423 | 600 |
| 2023 | 23,018 | 4,083 | 2,638 | 2,079 | 576 |
| 2022 | 20,297 | 2,707 | 1,572 | 1,231 | 435 |
| 2021 | 15,295 | 1,800 | 1,457 | 1,112 | 161 |
| 2020 | 14,445 | −2,436 | −2,945 | 1,153 | 278 |
| 2019 | 22,408 | −448 | −1,131 | 915 | 630 |
| 2018 | 23,995 | 2,467 | 1,656 | 1,131 | 630 |
| 2017 | 20,620 | 1,374 | −463 | 1,095 | 626 |
| 2016 | 15,887 | −6,770 | −5,763 | −2,501 | 620 |
| 2015 | 23,633 | −165 | −671 | 722 | 614 |
| 2014 | 32,870 | 5,097 | 3,500 | 779 | 533 |
| 2013 | 29,402 | 3,138 | 2,125 | 1,513 | 465 |
| 2012 | 28,503 | 4,159 | 2,635 | 88 | 333 |
| 2011 | 24,829 | 4,737 | 2,839 | 731 | 330 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $11.0B (43% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap
Halliburton (HAL) earnings: FAQ
How does Halliburton make money?
Halliburton brought in $5.71 billion of revenue in Q2 2026, up 3.7% year over year. The largest source was Completion and Production: $3.20 billion, or 56% of the total, followed by Drilling and Evaluation ($2.51B, 44%). Net income for the quarter was $534 million, up 13.1% year over year.
When is HAL's next earnings date?
We have not yet seen an announcement of the date from Halliburton (HAL). Based on last year's report on Jan 21, 2026, the next report is expected around Jan 20, 2027.
What time does HAL report earnings?
Halliburton usually reports before market open: its latest results release was filed with the SEC at 6:50 am ET on Oct 20, 2026.
When did HAL last report earnings?
Halliburton reported Q2 2026 results on Jul 21, 2026.
Where can I find Halliburton's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to HAL's filings; this page breaks the latest report down in a Sankey chart.
What was HAL's net income in Q2 2026?
Halliburton reported net income of $534M for Q2 2026 (+13.1% year over year), under US GAAP.
Does Halliburton pay dividends?
Yes. In 2025, Halliburton paid $579M in dividends on its common stock, per its 10-K. Earlier years are in the 15-year table above.
How has Halliburton's revenue changed since 2011?
Per its 10-K filings, revenue fell 11%: $24,829M in 2011 and $22,184M in 2025. The peak was $32,870M in 2014. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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