Halliburton (NYSE:HAL) Beats Q1 2026 Estimates as Shares Rise 3.79%

Recent Developments

Halliburton Company (NYSE:HAL) reported first-quarter 2026 results that exceeded Wall Street expectations on both the top and bottom lines. Revenue came in at $5.40 billion, flat year over year but ahead of analyst forecasts. Non-GAAP earnings per share of $0.55 beat the consensus estimate by 10.6%, according to data cited by Yahoo Finance.

On a post-earnings conference call, company executives offered additional operational color. One executive noted that Halliburton is seeing signs of activity picking up in North America, a key market for oilfield services demand. Separately, the company confirmed it is in discussions about commercial terms with customers in Venezuela, signaling continued engagement in that market despite its complexities.

Looking at segment guidance, Halliburton indicated that its Drilling & Evaluation division expects sequential revenue to be flat to down 2%, with margins anticipated to decline by 75–125 basis points in the coming quarter.

Financial Snapshot

HAL shares traded at $38.07 at the time of writing, up $1.39, or 3.79%, on the day. The previous close was $36.68. The stock's 52-week range spans $19.22 to $41.18, placing the current price roughly in the upper half of that band, closer to the annual high.

The Q1 beat helped shares move higher, building on an initial 1.5% premarket gain reported following the earnings release. Full-year quarterly revenue of $5.40 billion was unchanged compared to the prior-year period, reflecting a stable but not expanding demand environment for oilfield services.

Wall Street View

Analyst sentiment toward Halliburton remains broadly positive. As of April 1, 2026, the consensus breakdown stands at 7 Strong Buy ratings, 16 Buy ratings, 9 Hold ratings, and 1 Sell rating, with no Strong Sell recommendations. This distribution is unchanged from the prior period recorded on March 1, 2026, suggesting that the Q1 earnings release has not yet prompted material shifts in analyst positioning. Price target data was not available at the time of publication.

Key Takeaways

• Halliburton reported Q1 2026 non-GAAP EPS of $0.55, exceeding consensus estimates by 10.6%, with revenue of $5.40 billion flat year over year but above expectations.
• Shares rose 3.79% to $38.07, within a 52-week range of $19.22–$41.18.
• Management flagged early signs of a North America activity pickup while guiding Drilling & Evaluation sequential revenue flat to down 2% with margin pressure of 75–125 basis points.
• Wall Street maintains a broadly bullish stance with 23 Buy or Strong Buy ratings versus 9 Holds and 1 Sell out of 33 analysts tracked.