Q1 2026 Halliburton Co Earnings Call Transcript
Key Points
- Halliburton Co (HAL) reported total company revenue of $5.4 billion and an operating margin of 13% for the first quarter of 2026.
- International revenue increased by 3% year-over-year, reaching $3.3 billion, with strong performance in Latin America and Europe Africa.
- The company generated $273 million in cash flow from operations and $123 million in free cash flow, while repurchasing $100 million of common stock.
- Halliburton Co (HAL) secured a multibillion-dollar contract for Integrated Completion Services in Argentina, expanding its position in the region.
- The acquisition of Sekal enhances Halliburton Co (HAL)'s drilling automation capabilities, combining with its existing technologies for improved reservoir contact.
- North America revenue decreased by 4% year-over-year, primarily due to lower stimulation activity and decreased artificial lift activity.
- The conflict in the Middle East impacted both divisions, resulting in an estimated $0.02 to $0.03 per share impact in Q1 and expected $0.07 to $0.09 per share impact in Q2.
- Increased logistics costs and price hikes in materials and supplies due to the Middle East conflict have affected operational expenses.
- Completion and Production division revenue decreased by 3% compared to Q1 2025, with a 17% decline in operating income.
- Middle East Asia revenue decreased by 13% year-over-year, driven by conflict-related disruptions affecting multiple product lines.
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the First Quarter 2026 Halliburton Company Earnings Conference Call. (Operator Instructions) As a reminder, this conference call is being recorded. At this time, I would like to turn the conference over to Mr. David Coleman, Senior Director of Investor Relations. Sir, please begin.
Hello, and thank you for joining the Halliburton first quarter 2026 conference call. We will make the recording of today's webcast available for seven days on Halliburton's website after this call. Joining me today are Jeff Miller, Chairman, President and CEO; Shannon Slocum, Executive Vice President and COO, and Eric Carre, Executive Vice President and CFO.
Some of today's comments may include forward-looking statements that reflect Halliburton's views about future events. These matters involve risks and uncertainties that could cause our actual results to materially differ from our forward-looking statements.
These risks are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
