Halliburton’s Quarterly Earnings Preview: What You Need to Know

Halliburton Company (HAL), with a market capitalization of approximately $27 billion, is a global energy services provider offering technologies, products and services to the oil and gas industry. Based in Houston, Texas, the company helps customers locate hydrocarbons, manage geological data, drill and complete wells, and optimize production throughout the asset lifecycle.

Halliburton is set to report its Q3 earnings on Tuesday, October 20, 2026, before the market opens. Ahead of the release, analysts expect the company to report diluted EPS of 58 cents, unchanged from the year-ago quarter. Moreover, Halliburton has surpassed Wall Street’s EPS estimates in each of the past four quarters, highlighting its consistent earnings performance.

For fiscal 2026, analysts expect the company to report EPS of $2.34, down 3.3% from $2.42 in fiscal 2025. However, EPS is projected to increase another 24.8% year over year to $2.92 in fiscal 2027.

HAL stock has climbed 26.2% over the past 52 weeks, outpacing the S&P 500 Index ($SPX), which gained 15.2%. However, HAL has lagged the State Street Energy Select Sector SPDR ETF (XLE), which advanced 36.3% over the same period.

On September 15, the company secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development in Cyprus. The multi-year project covers integrated drilling, well construction, automation and completions services, while Halliburton expects its integrated delivery model to support additional offshore campaigns in the Eastern Mediterranean. The contract could strengthen Halliburton’s offshore portfolio, improve execution efficiency and create opportunities for additional deepwater work.

Analysts remain moderately bullish on HAL, with a consensus “Moderate Buy” rating. Among the 25 analysts covering the stock, 15 recommend a “Strong Buy,” three rate it a “Moderate Buy,” and seven suggest a “Hold.” Meanwhile, the average price target of $43.79 implies potential upside of 38.8% from the current share price.

On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.