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北京时间·🕒 发布 18:45:00时区推断·⟳ 抓取 18:46:32·⚡ 决策 07-21 18:48:15 +1m43s·97.9 天前
哈里伯顿公布2026年二季度业绩,收入环比改善且调整后EPS小幅高于预期
哈里伯顿(HAL.US)二季度收入57亿美元、调整后EPS 0.55美元,略高于市场约0.54美元EPS和约55亿美元收入预期。
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Halliburton Announces Second Quarter 2026 Results
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不做 哈里伯顿(HAL.US)
财报方向偏正面但只是小幅beat,属于可预期的盘前财报事件,未给出足够强的上修指引或市值级增量;中东/亚洲疲弱也削弱追多edge,不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- 公司盘前发布2026年二季度业绩,披露收入57亿美元、调整后EPS 0.55美元、自由现金流6.68亿美元和约2亿美元回购。
- 多家数据源在财报前给出的市场预期约为EPS 0.54美元、收入约54.8亿至55.0亿美元,说明本次披露是小幅正向而非大幅超预期。
关键理由
- 哈里伯顿(HAL.US)二季度收入57亿美元、调整后EPS 0.55美元,略高于市场约0.54美元EPS和约55亿美元收入预期。
- 北美收入环比增长7%、国际收入环比增长5%,管理层称北美年内仍有增量改善,基本面方向偏正面。
- 但这是盘前例行财报披露,EPS超预期幅度仅约1美分,且部分利润表现受一次性项目影响,短线预期差不足以支撑追多。
主要风险
- 调整后经营利润率12%低于GAAP口径14%,且中东/亚洲收入环比下滑2%,地缘冲突仍压制部分区域活动。
- 油服股财报日容易由油价、钻井活动预期和电话会指引主导,单季度小幅beat不足以形成稳定交易edge。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-21 · 影响 weakens
官方业绩中披露中东/亚洲收入环比下降2%,原因包括中东地缘冲突导致Kuwait、Iraq、Qatar多条业务线活动下降,削弱追多确定性。
检索:Halliburton Q2 2026 earnings consensus EPS revenue risks Middle East Asia decline 原文 ↗
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Press Release
Halliburton Announces Second Quarter 2026 Results
PDF Version
Net income of $0.64 per diluted share.
Adjusted net income per diluted share 1 of $0.55 .
Revenue of $5.7 billion and operating margin of 14%.
Adjusted operating margin 2 of 12%.
Cash flow from operations of $824 million and free cash flow 3 of $668 million .
Approximately $200 million of share repurchases.
HOUSTON --(BUSINESS WIRE)--Jul. 21, 2026--
Halliburton Company (NYSE: HAL) announced today net income of $534 million , or $0.64 per diluted share, for the second quarter of 2026 and adjusted net income 4 , excluding “Impairments and other credits,” of $461 million , or $0.55 per diluted share. This compares to net income for the first quarter of 2026 of $461 million , or $0.55 per diluted share. Halliburton’s total revenue for the second quarter of 2026 was $5.7 billion , compared to total revenue of $5.4 billion in the first quarter of 2026. Operating income was $778 million in the second quarter of 2026, compared to operating income of $679 million in the first quarter of 2026. Adjusted operating income 5 in the second quarter of 2026, excluding “Impairments and other credits,” was $683 million .
“I am pleased with Halliburton’s performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion,” commented Jeff Miller , Chairman, President and CEO.
“In international markets, I am excited about Halliburton’s contract awards and pipeline of future opportunities. I see demand growth for our services and technology in every region we serve.
“In North America, I am encouraged by the recovery we saw this quarter and I expect incremental improvements through the year.
“I expect that our consistent focus on returns and capital discipline will drive long-term success for Halliburton and its shareholders,” concluded Miller.
Operating Segments
Completion and Production
Completion and Production revenue in the second quarter of 2026 was $3.2 billion , an increase of $186 million , or 6% sequentially, while operating income was $474 million , an increase of $35 million , or 8% sequentially. These results were primarily driven by increased stimulation activity in the Western Hemisphere and improved well intervention services in Asia . Partially offsetting these increases were lower specialty chemicals activity in North America resulting from the completed sale of a portion of our chemical business, decreased cementing activity in Latin America , and lower activity across multiple product service lines in the Middle East .
Drilling and Evaluation
Drilling and Evaluation revenue in the second quarter of 2026 was $2.5 billion , an increase of $126 million , or 5% sequentially, while operating income was $338 million , a decrease of $13 million , or 4% sequentially. Revenue improvements were primarily driven by increased drilling-related services and higher wireline activity in North America and Europe / Africa , and increased drilling-related services in Asia . Partially offsetting these increases were lower software sales globally, decreased project management activity in Latin America and lower wireline activity in the Middle East . Operating income decreased due to the seasonal roll off of software sales.
Geographic Regions
North America
North America revenue in the second quarter of 2026 was $2.3 billion , an increase of 7% sequentially. This increase was primarily driven by higher stimulation activity and increased well construction activity in US Land, and higher fluids activity in the Gulf of America. Partially offsetting these increases were lower specialty chemicals activity in US Land following the sale of a portion of our chemical business and decreased drilling activity in the Gulf of America.
International
International revenue in the second quarter of 2026 was $3.4 billion , an increase of 5% when compared to the first quarter of 2026.
Latin America revenue in the second quarter of 2026 was $1.1 billion , an increase of 3% sequentially. These results were primarily driven by increased stimulation activity in Argentina and Mexico , and improved completion tool sales in Mexico . Partially offsetting these increases were lower activity across multiple product service lines in the Caribbean , decreased well construction activity in Mexico and Ecuador , and decreased completion tool sales in Brazil .
Europe / Africa revenue in the second quarter of 2026 was $1.0 billion , an increase of 19% sequentially. These results were primarily driven by improved activity across multiple product service lines in the North Sea , increased well construction activity in Namibia and Egypt , higher completion tool sales in the Mediterranean and Ivory Coast , and increased project management activity in Angola . Partially offsetting these increases were decreased software sales across the region and lower activity across multiple product service lines in Libya .
Middle East / Asia revenue in the second quarter of 2026 was $1.3 billion , a decrease of 2% sequentially. These results were primarily driven by lower activity across multiple product service lines in Kuwait , Iraq , and Qatar as a result of the ongoing geopolitical conflict in the Middle East . Partially offsetting these decreases were higher well construction activity in Saudi Arabia and the United Arab Emirates , and increased drilling-related services and higher well intervention services in Asia .
Other Financial Items
During the second quarter of 2026, Halliburton :
Repurchased approximately $200 million of its common stock.
Paid dividends of $0.17 per share.
Spent $46 million on SAP S4 migration.
Recognized a pre-tax credit of $95 million , related to “Impairments and other credits.”
Selective Technology & Highlights
Halliburton and Shape Digital entered a strategic collaboration to advance digital asset performance management through a unified asset view that connects subsurface and surface intelligence. The collaboration extends trusted data, domain science, operational expertise, and applied AI to support predictive, asset-level decision-making over the full production lifecycle.
Halliburton successfully deployed its VersaFlex ® expandable liner hanger system in the bp-operated Azeri–Chirag–Gunashli project offshore Azerbaijan in the Caspian Sea . The operation reinforces the companies’ long-standing collaboration and demonstrates Halliburton’s ability to deliver high-value well construction solutions in one of the region’s most complex offshore environments. The project highlights the Company’s focus to support customer objectives throughout the well life cycle.
Halliburton launched the Xaminer ® Deep Testing logging service, the newest addition to the Reservoir Xaminer ™ formation testing service. Developed through close collaboration with operators facing increasingly complex reservoirs, the service brings deep-reading producibility and boundary identification earlier in the well life cycle to support integrated decisions that complement traditional drill stem testing.
Halliburton
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Smart design meets drilling automation
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Advancing the speed of digital oilfield capabilities
Explore
Production
X-Tend™ Acid Stimulation Service
Optimizing stimulated reservoir contact
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Abandonment
Acoustic Conformance Xaminer® Service
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Press Release
Halliburton Announces Second Quarter 2026 Results
PDF Version
Net income of $0.64 per diluted share.
Adjusted net income per diluted share 1 of $0.55 .
Revenue of $5.7 billion and operating margin of 14%.
Adjusted operating margin 2 of 12%.
Cash flow from operations of $824 million and free cash flow 3 of $668 million .
Approximately $200 million of share repurchases.
HOUSTON --(BUSINESS WIRE)--Jul. 21, 2026--
Halliburton Company (NYSE: HAL) announced today net income of $534 million , or $0.64 per diluted share, for the second quarter of 2026 and adjusted net income 4 , excluding “Impairments and other credits,” of $461 million , or $0.55 per diluted share. This compares to net income for the first quarter of 2026 of $461 million , or $0.55 per diluted share. Halliburton’s total revenue for the second quarter of 2026 was $5.7 billion , compared to total revenue of $5.4 billion in the first quarter of 2026. Operating income was $778 million in the second quarter of 2026, compared to operating income of $679 million in the first quarter of 2026. Adjusted operating income 5 in the second quarter of 2026, excluding “Impairments and other credits,” was $683 million .
“I am pleased with Halliburton’s performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion,” commented Jeff Miller , Chairman, President and CEO.
“In international markets, I am excited about Halliburton’s contract awards and pipeline of future opportunities. I see demand growth for our services and technology in every region we serve.
“In North America, I am encouraged by the recovery we saw this quarter and I expect incremental improvements through the year.
“I expect that our consistent focus on returns and capital discipline will drive long-term success for Halliburton and its shareholders,” concluded Miller.
Operating Segments
Completion and Production
Completion and Production revenue in the second quarter of 2026 was $3.2 billion , an increase of $186 million , or 6% sequentially, while operating income was $474 million , an increase of $35 million , or 8% sequentially. These results were primarily driven by increased stimulation activity in the Western Hemisphere and improved well intervention services in Asia . Partially offsetting these increases were lower specialty chemicals activity in North America resulting from the completed sale of a portion of our chemical business, decreased cementing activity in Latin America , and lower activity across multiple product service lines in the Middle East .
Drilling and Evaluation
Drilling and Evaluation revenue in the second quarter of 2026 was $2.5 billion , an increase of $126 million , or 5% sequentially, while operating income was $338 million , a decrease of $13 million , or 4% sequentially. Revenue improvements were primarily driven by increased drilling-related services and higher wireline activity in North America and Europe / Africa , and increased drilling-related services in Asia . Partially offsetting these increases were lower software sales globally, decreased project management activity in Latin America and lower wireline activity in the Middle East . Operating income decreased due to the seasonal roll off of software sales.
Geographic Regions
North America
North America revenue in the second quarter of 2026 was $2.3 billion , an increase of 7% sequentially. This increase was primarily driven by higher stimulation activity and increased well construction activity in US Land, and higher fluids activity in the Gulf of America. Partially offsetting these increases were lower specialty chemicals activity in US Land following the sale of a portion of our chemical business and decreased drilling activity in the Gulf of America.
International
International revenue in the second quarter of 2026 was $3.4 billion , an increase of 5% when compared to the first quarter of 2026.
Latin America revenue in the second quarter of 2026 was $1.1 billion , an increase of 3% sequentially. These results were primarily driven by increased stimulation activity in Argentina and Mexico , and improved completion tool sales in Mexico . Partially offsetting these increases were lower activity across multiple product service lines in the Caribbean , decreased well construction activity in Mexico and Ecuador , and decreased completion tool sales in Brazil .
Europe / Africa revenue in the second quarter of 2026 was $1.0 billion , an increase of 19% sequentially. These results were primarily driven by improved activity across multiple product service lines in the North Sea , increased well construction activity in Namibia and Egypt , higher completion tool sales in the Mediterranean and Ivory Coast , and increased project management activity in Angola . Partially offsetting these increases were decreased software sales across the region and lower activity across multiple product service lines in Libya .
Middle East / Asia revenue in the second quarter of 2026 was $1.3 billion , a decrease of 2% sequentially. These results were primarily driven by lower activity across multiple product service lines in Kuwait , Iraq , and Qatar as a result of the ongoing geopolitical conflict in the Middle East . Partially offsetting these decreases were higher well construction activity in Saudi Arabia and the United Arab Emirates , and increased drilling-related services and higher well intervention services in Asia .
Other Financial Items
During the second quarter of 2026, Halliburton :
Repurchased approximately $200 million of its common stock.
Paid dividends of $0.17 per share.
Spent $46 million on SAP S4 migration.
Recognized a pre-tax credit of $95 million , related to “Impairments and other credits.”
Selective Technology & Highlights
Halliburton and Shape Digital entered a strategic collaboration to advance digital asset performance management through a unified asset view that connects subsurface and surface intelligence. The collaboration extends trusted data, domain science, operational expertise, and applied AI to support predictive, asset-level decision-making over the full production lifecycle.
Halliburton successfully deployed its VersaFlex ® expandable liner hanger system in the bp-operated Azeri–Chirag–Gunashli project offshore Azerbaijan in the Caspian Sea . The operation reinforces the companies’ long-standing collaboration and demonstrates Halliburton’s ability to deliver high-value well construction solutions in one of the region’s most complex offshore environments. The project highlights the Company’s focus to support customer objectives throughout the well life cycle.
Halliburton launched the Xaminer ® Deep Testing logging service, the newest addition to the Reservoir Xaminer ™ formation testing service. Developed through close collaboration with operators facing increasingly complex reservoirs, the service brings deep-reading producibility and boundary identification earlier in the well life cycle to support integrated decisions that complement traditional drill stem testing.
Halliburton
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