Overview
- Revenue reached $5.6 billion versus $5.39 billion expected, with adjusted EPS of $0.58 topping the $0.50 consensus and GAAP EPS at $0.02.
- Adjusted operating margin came in at 13% compared with a reported operating margin of 6% for the quarter.
- CEO Jeff Miller detailed a program to deliver about $100 million in quarterly savings, reset 2026 capital plans, and focus on higher-return assets.
- Operating cash flow was $488 million and free cash flow was $276 million, as the company repurchased about $250 million of shares, paid a $0.17 dividend, and ended with $2.026 billion in cash against $7.157 billion in long-term debt.
- Halliburton recorded $540 million in charges, noted a $125 million tax expense tied to a valuation allowance under U.S. tax law, spent $50 million on its SAP S4 migration, saw North America revenue rise 5% with international revenue flat, announced a VoltaGrid partnership for data center power solutions starting in the Middle East, and its shares traded higher premarket.