Halliburton (HAL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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Halliburton (HAL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended September 2026, Halliburton (HAL) reported revenue of $5.7 billion, up 1.8% over the same period last year. EPS came in at $0.60, compared to $0.58 in the year-ago quarter.

The reported revenue represents a surprise of +1.98% over the Zacks Consensus Estimate of $5.59 billion. With the consensus EPS estimate being $0.58, the EPS surprise was +3.45%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Halliburton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Latin America: $1.12 billion versus $1.06 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.7% change. Revenue- Europe/Africa/CIS: $1.02 billion versus the three-analyst average estimate of $924.3 million. The reported number represents a year-over-year change of +22.7%. Revenue- North America: $2.16 billion versus the three-analyst average estimate of $2.29 billion. The reported number represents a year-over-year change of -8.6%. Revenue- Middle East/Asia: $1.41 billion versus $1.3 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change. Revenue- Drilling and Evaluation: $2.61 billion compared to the $2.41 billion average estimate based on five analysts. The reported number represents a change of +10% year over year. Revenue- Completion and Production: $3.09 billion compared to the $3.16 billion average estimate based on five analysts. The reported number represents a change of -4.2% year over year. Operating income- Completion and Production: $457 million versus the five-analyst average estimate of $515.8 million. Operating income- Drilling and Evaluation: $391 million compared to the $338.22 million average estimate based on five analysts. Operating income- Corporate and other: $-75 million versus $-102.5 million estimated by two analysts on average.

View all Key Company Metrics for Halliburton here>>>

Shares of Halliburton have returned +1.3% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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