Halliburton Company (HAL) Earnings Call Transcripts

Halliburton Company's Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal year 2026, Halliburton Company reported total revenue of $5.7 billion, a 6% increase sequentially, with adjusted operating margin at 12%. The company generated $824 million in cash flow from operations and $668 million in free cash flow. Management maintained a positive outlook, expecting continued revenue growth and margin expansion, particularly in international markets, despite ongoing geopolitical challenges in the Middle East.

Reported metrics

Guidance from management

Management expects Q3 Completion and Production revenue to be flat to down 2%, while Drilling and Evaluation revenue is projected to decline 3% to 5%. Margins are anticipated to improve, with C&P margins expected to increase by 125 to 175 basis points.

What management said

Thanks, Eric. Here are the important takeaways from today's call. I believe the global outlook for Halliburton is strong and will lead to revenue growth and margin expansion. In the international markets, I am excited about Halliburton's contract awards and pipeline of future opportunities. Outside the Middle East, we expect our international business to grow low double digits this year. In North America, I am encour...

Yes, Steve, it's Eric. Regarding what's built in the guide. So our assumptions are for a steady activity compared to where we are today. So we haven't put in our guidance any recovery to prewar level, neither have we built in any major disruption. So it's basically steady from where we are, but it's just very difficult to forecast, as you understand.

What analysts pressed on

Analysts expressed concerns over the geopolitical instability in the Middle East and its potential impact on future revenues. There were also questions regarding the sustainability of margin improvements and the effects of recent contract wins on overall profitability.

Main topics on the call

• International Revenue Growth — Halliburton's international revenue reached $3.4 billion, reflecting a 6% year-over-year increase. CEO Jeff Miller noted, "Our international business delivered its highest second quarter revenue in more than a decade des...
• North America Performance — North America revenue was reported at $2.3 billion, flat year-over-year, but showed sequential improvement. Shannon Slocum stated, "Activity is up, pricing is improving and our playbook works," indicating a recovery in t...
• Cash Flow Generation — The company generated $824 million in cash flow from operations and $668 million in free cash flow during the quarter. This strong cash generation supports ongoing share repurchases, with approximately $200 million repur...
• Guidance for Q3 — Management provided guidance for Q3, expecting Completion and Production revenue to be flat to down 2% and Drilling and Evaluation revenue to decline 3% to 5%. However, margins are expected to improve, with C&P margins p...

Read the full Halliburton Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 Halliburton Company earnings call transcripts on record, spanning January 21, 2020 to July 21, 2026. Based on this history, Halliburton Company reports quarterly. The most recent call on file is dated July 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HAL

Exchange

NYSE

Country

US

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

33

First call

January 21, 2020

Most recent

July 21, 2026

Reporting cadence

quarterly