# Halliburton Q3 2026 Earnings Results

> Halliburton reports $5.7 billion revenue with 12.8% adjusted operating margin as international growth offsets North American declines.
- Title: Halliburton Q3 2026 Earnings Results · The Motley Fool
- Summary: Halliburton reports $5.7 billion revenue with 12.8% adjusted operating margin as international growth offsets North American declines. Halliburton achieved…
- Keywords: halliburton, q3 2026, revenue, operating margin, international growth, north america, drilling services, completion and production, sap s4, artificial lift, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/20/halliburton-hal-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-20T17:28:02+00:00
- Read time: 2 min
- Topics: halliburton, q3 2026, revenue, operating margin, international growth, north america, drilling services, completion and production, sap s4, artificial lift, finance, money
## Q3 Revenue
Total revenue reached $5.7 billion, reflecting growth in international markets that offset lower pressure pumping activity in North America.
## Adjusted Operating Margin
Adjusted operating margin improved to 12.8%, a sequential increase from 12.0% driven by favorable revenue mix in Drilling and Evaluation.
## Q3 EPS
Adjusted net income per diluted share rose to $0.60, up from $0.55 in Q2 2026.
## International Revenue
International revenue grew to $3.5 billion, a 3% sequential increase led by higher activity in Middle East and Asia.
## North America Revenue
North America revenue declined 5% sequentially to $2.2 billion due to reduced stimulation activity on U.S. land.
## Middle East/Asia Revenue
Middle East/Asia revenue increased 8% sequentially to $1.4 billion, driven by higher activity in Saudi Arabia and Kuwait.
## Drilling and Evaluation
Drilling and Evaluation operating income rose 16% to $391 million as activity improved across Latin America and Middle East.
## Completion and Production
Completion and Production operating income decreased 4% to $457 million due to lower stimulation activity in Western Hemisphere.
## 2027 Revenue Guidance
2027 revenue growth is projected at mid-single digit, assuming flat North America activity and steady expansion in other global regions.
## 2027 Margin Guidance
2027 operating margin guidance is 15%, a 200-basis-point expansion from 2026 driven by structural cost reductions and SAP S/4 efficiencies.
## Share Repurchases
Company repurchased $250 million of common stock during Q3, leaving approximately $1.6 billion remaining under current authorization.
## Free Cash Flow
Free cash flow totaled $156 million in Q3, with management projecting sequential increase in Q4.
## Capital Expenditures
Full-year 2026 capital expenditures totaled $1.1 billion, with $266 million spent in Q3 to support international growth engines.
## Cost Savings Target
Cost savings target for 2027 is $250 million to $300 million, including savings from global transformation to SAP S/4 platform.
## New Contract Wins
New contract wins totaled $14 billion year to date, with customers prioritizing technical merit and total cost of ownership.
## Offshore Contract Wins
Offshore contract wins reached $4 billion year to date, including significant awards for deepwater developments in Cyprus and Brazil.
## Q4 EPS Guidance
Q4 2026 EPS guidance is $0.62 to $0.64 per share, supported by flat total revenue and 70-basis-point margin improvement.
## Dividends
Dividends paid $0.17 per share during Q3, continuing the company's capital return strategy.
## Drilling Services Growth
Drilling services grew 23% year-over-year revenue growth in North America land drilling, fluids, and bits businesses.
## Growth Engine Target
Growth engine revenue target is $3 billion in added annual revenue by 2028 from artificial lift, unconventionals, drilling, and production services.
## Key takeaway

Halliburton achieved $5.7 billion Q3 revenue and 12.8% adjusted operating margin despite North American declines, with international markets driving growth.