Halliburton reported third-quarter revenue of $5.703 billion, little changed from the previous quarter, as higher international revenue helped offset lower North America revenue for the oilfield services company.
Revenue compared with $5.714 billion in the second quarter. International revenue rose 3% from the previous quarter to $3.5 billion, while North America revenue fell 5% to $2.2 billion. Halliburton attributed the North American decline to less pressure-pumping work on U.S. land.
Middle East/Asia revenue increased 8% to $1.4 billion. Halliburton cited higher activity in Saudi Arabia and Kuwait as drivers of the regional increase.
Net income attributable to Halliburton fell to $417 million, or 50 cents per diluted share, from $534 million, or 64 cents, in the second quarter. Adjusted net income rose to $501 million, or 60 cents per share, from $461 million, or 55 cents.
Operating income declined to $624 million from $778 million in the previous quarter. Adjusted operating income increased to $731 million from $683 million. Halliburton recorded a $107 million pretax charge in the third quarter; the second quarter included $95 million in net credits from impairments and other items.
The results were included in a Form 8-K filed with the Securities and Exchange Commission on Oct. 20. Revenue exceeded MarketBeat’s $5.58 billion estimate. EconoTimes covered that forecast in an earlier preview of the results.
Halliburton Chairman, President and CEO Jeff Miller said the company’s early outlook for 2027 calls for mid-single-digit revenue growth and operating margins of about 15%. Miller said the 2027 outlook assumes North American conditions remain level, with no improvement in regional hydraulic-fracturing activity.
