Open the filing on EDGARHALLIBURTON COMPANY HALLIBURTON COMPANY HALLIBURTON COMPANY HALLIBURTON COMPANY HALLIBURTON COMPANY HALLIBURTON COMPANY FOOTNOTE TABLE 1 FOOTNOTE TABLE 2 FOOTNOTE TABLE 3 Conference Call Details Condensed Consolidated Statements of Operations Condensed Consolidated Balance Sheets Condensed Consolidated Statements of Cash Flows EBITDA, Adjusted EBITDA, Related Margins, and Reconciliations Selected Operating Segment Results and Reconciliation of Segment Operating Income to Revenue Comparison by Geographic Region Exhibit 99.1 Operating Segments Other Financial Items •Halliburton has entered into a multiyear agreement with Pampa Energía to support (5)Adjusted EBITDA is a non-GAAP financial measure which is calculated as: “Net income,” before “Interest expense, net,” “Income tax provision,” “Depreciation, depletion, and amortization,” and excludes “Impairments and other charges (credits).” Management believes Adjusted EBITDA is a key measure to assess and understand operating performance and is consistent with the disclosures of Halliburton’s direct, large-cap competitors. See EBITDA, Adjusted EBITDA, Related Margins, and Reconciliations schedule.(6)Adjusted operating income is a non-GAAP financial measure which is calculated as: “Operating income” plus “Total impairments and other charges (credits)” for the respective periods. Management believes that operating income adjusted for impairments and other charges (credits) is useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of the company's normal operating results. Management analyzes operating income without the impact of these items as an indicator of performance, to identify underlying trends in the business, and to establish operational goals. The adjustments remove the effect of these items. See Reconciliation of Operating Income to Adjusted Operating Income in Footnote Table 1. Forward-looking Statements (Millions of dollars and shares except per share data) (Millions of dollars) (Millions of dollars) (Millions of dollars) Segment EBITDA and EBITDA Margin (Millions of dollars) HALLIBURTON COMPANY HALLIBURTON COMPANY HALLIBURTON COMPANY the digital transformation of its unconventional operations in Vaca Muerta, one of the Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, October 20, (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Millions of dollars) (Unaudited) Reconciliation of Operating Income to Adjusted Operating Income Reconciliation of Net Income Attributable to Company to Adjusted Net Income Attributable to Company Reconciliation of Cash Flows from Operating Activities to Free Cash Flow The statements in this press release that are not historical statements are forward-looking Completion and Production During the third quarter of 2026, Halliburton: world’s most significant shale plays. As regional development accelerates, the Three Months EndedNine Months EndedSeptember 30,June 30,September 30,20262025202620262025Revenue:Completion and Production$3,089$3,223$3,202$9,307$9,514Drilling and Evaluation2,6142,3772,5127,5127,013Total revenue$5,703$5,600$5,714$16,819$16,527Operating income:Completion and Production$457$514$474$1,370$1,558Drilling and Evaluation3913483381,0801,012Corporate and other(75)(64)(83)(227)(196)SAP S4 upgrade expense(42)(50)(46)(130)(112)Impairments and other (charges) credits (a)(107)(392)95(12)(748)Total operating income6243567782,0811,514Interest expense, net(84)(88)(83)(249)(266)Other, net (b)(27)(49)(31)(86)(112)Income before income taxes5132196641,7461,136Income tax provision (c)(94)(199)(126)(325)(433)Net income$419$20$538$1,421$703Net income attributable to noncontrolling interest(2)(2)(4)(9)(9)Net income attributable to company$417$18$534$1,412$694Basic and diluted net income per share$0.50$0.02$0.64$1.69$0.81Basic weighted average common shares outstanding831849836835857Diluted weighted average common shares outstanding832850838836858 September 30,December 31,20262025AssetsCurrent assets: Cash and equivalents$1,843$2,206Receivables, net5,5154,942Inventories3,2652,976Other current assets1,5171,274Total current assets12,14011,398Property, plant, and equipment, net5,1525,261Goodwill3,0212,938Deferred income taxes2,3772,298Operating lease right-of-use assets1,018938Other assets2,3652,177Total assets$26,073$25,010Liabilities and Shareholders' EquityCurrent liabilities: Accounts payable$3,535$3,133Accrued employee compensation and benefits788767Current portion of operating lease liabilities276263Current maturities of long-term debt90 - Other current liabilities1,3231,425Total current liabilities6,0125,588Long-term debt7,0727,158Operating lease liabilities760712Employee compensation and benefits431428Other liabilities637619Total liabilities14,91214,505Company shareholders’ equity11,11810,461Noncontrolling interest in consolidated subsidiaries4344Total shareholders’ equity11,16110,505Total liabilities and shareholders’ equity$26,073$25,010 Nine Months EndedThree Months EndedSeptember 30,September 30, 202620252026Cash flows from operating activities:Net income$1,421$703$419Adjustments to reconcile net income to cash flows from operating activities: Depreciation, depletion, and amortization887846296 Impairments and other charges12748107Working capital (a)(517)(111)(330)Other operating activities(338)(425)(124)Total cash flows provided by operating activities1,4651,761368Cash flows from investing activities:Capital expenditures(693)(917)(266)Purchases of investment securities(111)(128)(18)Payments to acquire businesses(107)(175) - Purchases of equity investments(101)(343) - Proceeds from sales of property, plant, and equipment17513854Sales of investment securities6522816Sale of an equity investment5012050Other investing activities(48)(49)20Total cash flows used in investing activities(770)(1,126)(144)Cash flows from financing activities:Stock repurchase program(558)(757)(250)Dividends to shareholders(426)(436)(141)Other financing activities(52)(23)(26)Total cash flows used in financing activities(1,036)(1,216)(417)Effect of exchange rate changes on cash(22)(11)(12)Decrease in cash and equivalents(363)(592)(205)Cash and equivalents at beginning of period2,2062,6182,048Cash and equivalents at end of period$1,843$2,026$1,843 Three Months EndedNine Months EndedSeptember 30,June 30,September 30,20262025202620262025Net income attributable to company$417$18$534$1,412$694Net income attributable to noncontrolling interest22499Net Income$419$20$538$1,421$703Interest expense, net848883249266Income tax provision94199126325433Depreciation, depletion, and amortization296285296887846EBITDA (a)$893$592$1,043$2,882$2,248Other, net (b) - 23 - - 23Impairments and other charges (credits) (c)107392(95)12748Adjusted EBITDA$1,000$1,007$948$2,894$3,019Total revenue$5,703$5,600$5,714$16,819$16,527Net income attributable to company margin7.3%0.3%9.3%8.4%4.2%Net income margin7.3%0.4%9.4%8.4%4.3%EBITDA margin (a)15.7%10.6%18.3%17.1%13.6%Adjusted EBITDA margin (d)17.5%18.0%16.6%17.2%18.3% (Unaudited) Three Months EndedNine Months EndedSeptember 30,June 30,September 30,Revenue20262025202620262025North America$2,160$2,364$2,276$6,572$6,859Latin America1,1229961,1233,3352,869Europe/Africa/CIS1,0168281,0172,8912,423Middle East/Asia1,4051,4121,2984,0214,376Total revenue$5,703$5,600$5,714$16,819$16,527 (Millions of dollars) (Millions of dollars and shares except per share data) (Millions of dollars) 2026, to discuss its third quarter 2026 financial results. The call will begin at 8:00 a.m. statements within the meaning of the federal securities laws. These statements are subject (Unaudited) (Unaudited) (Unaudited) agreement supports Pampa Energía’s strategy to scale efficiently, strengthen CT (9:00 a.m. ET). Three Months EndedSeptember 30,September 30,June 30,202620252026Completion and ProductionDrilling and EvaluationCompletion and ProductionDrilling and EvaluationCompletion and ProductionDrilling and EvaluationRevenue$3,089$2,614$3,223$2,377$3,202$2,512Operating income$457$391$514$348$474$338Depreciation, depletion, and amortization161126156123162126Segment EBITDA (a)$618$517$670$471$636$464Operating margin14.8%15.0%15.9%14.6%14.8%13.5%Segment EBITDA margin (a)20.0%19.8%20.8%19.8%19.9%18.5% Three Months EndedNine Months EndedSeptember 30,June 30,September 30,20262025202620262025Operating income$624$356$778$2,081$1,514Impairments and other charges (credits):Severance costs107169 - 107276Inventory costs and write-downs25 - - 25 - Fixed and other assets write-offs14115 - 14115Impairment of assets held for sale - 96 - - 200Loss on sale of a business - - 1717 - Impairment of real estate facilities - - - - 53Cybersecurity incident - (10) - - (10)Gain on investments(36)(6)(64)(100)(6)Other(3)28(48)(51)120Total impairments and other charges (credits) (a) (b)107392(95)12748Adjusted operating income$731$748$683$2,093$2,262Total revenue$5,703$5,600$5,714$16,819$16,527Operating income margin10.9%6.4%13.6%12.4%9.2%Adjusted operating income margin12.8%13.4%12.0%12.4%13.7% Three Months EndedNine Months EndedSeptember 30,June 30,September 30,20262025202620262025Net income attributable to company$417$18$534$1,412$694Adjustments:Impairments and other charges (credits) (a)107392(95)12748Other, net (b) - 23 - - 23Total adjustments, before taxes107415(95)12771Tax valuation allowance (c) - 125 - - 125Tax adjustment (c)(23)(62)22(1)(105)Total adjustments, net of taxes84478(73)11791Adjusted net income attributable to company$501$496$461$1,423$1,485Diluted weighted average common shares outstanding832850838836858Net income per diluted share$0.50$0.02$0.64$1.69$0.81Adjusted net income per diluted share$0.60$0.58$0.55$1.70$1.73 Nine Months EndedThree Months EndedSeptember 30,September 30,202620252026Total cash flows provided by operating activities$1,465$1,761$368Capital expenditures(693)(917)(266)Proceeds from sales of property, plant, and equipment17513854Free cash flow$947$982$156 to numerous risks and uncertainties, many of which are beyond the company's control, Completion and Production revenue in the third quarter of 2026 was $3.1 billion, a decrease •Repurchased approximately $250 million of its common stock. decision-making, and deliver consistent execution within subsurface and operations which could cause actual results to differ materially from the results expressed or implied by of $113 million, or 4% sequentially, while operating income was $457 million, a decrease of teams. Please visit the Halliburton website to listen to the call via live webcast. A recorded HALLIBURTON ANNOUNCES THIRD QUARTER 2026 RESULTS the statements. These risks and uncertainties include, but are not limited to: changes in the $17 million, or 4% sequentially. These decreases were primarily driven by lower stimulation •Paid dividends of $0.17 per share. version will be available for seven days under the same link immediately following the demand for or price of oil and/or natural gas, including as a result of development of activity in the Western Hemisphere and were partially offset by increased activity across conclusion of the conference call. You can also pre-register for the conference call and •Halliburton was awarded a multiyear agreement by Kuwait Oil Company (KOC) to •Net income of $0.50 per diluted share and adjusted net income per diluted alternative energy sources, general economic conditions such as inflation and recession, the •Spent $42 million on SAP S4 migration. multiple product service lines in the Middle East. obtain your dial in number and passcode by clicking here. support the development of the Ahmadi Innovation Valley, a flagship initiative that share of $0.60. ability of the OPEC+ countries to agree on and comply with production quotas, and other advances Kuwait’s energy sector transformation. The research and development •Revenue of $5.7 billion, operating margin of 10.9%, and adjusted operating causes; changes in capital spending by our customers; the modification, continuation or
- Recognized a pre-tax charge of $107 million related to impairments and other Drilling and Evaluation margin of 12.8%. center will support KOC to deliver solutions in brownfield, greenfield, and suspension of our shareholder return framework, including the payment of dividends and charges.
- Cash flow from operations of $368 million and free cash flow of $156 million. unconventional fields, address higher operational complexity, and build technology purchases of our stock, which will be subject to the discretion of our Board of Directors and Drilling and Evaluation revenue in the third quarter of 2026 was $2.6 billion, an increase of CONTACTS •Approximately $250 million of share repurchases. designed for Kuwait’s upstream challenges. The center embeds applied research as may depend on a variety of factors, including our results of operations and financial Selective Technology & Highlights $102 million, or 4% sequentially, while operating income was $391 million, an increase of condition, growth plans, capital requirements and other conditions existing when any a permanent capability from concept through prototyping, piloting, and $53 million, or 16% sequentially. These increases were primarily driven by improved activity HOUSTON - October 20, 2026 - Halliburton Company (NYSE: HAL) announced today net Investor Relations Media Relations payment or purchase decision is made; potential catastrophic events related to our commercialization. •Halliburton announced it secured an integrated well construction and completions across multiple product service lines in the Middle East and Latin America, and increased About Halliburton income attributable to company of $417 million, or $0.50 per diluted share, for the third David Coleman Alexandra Franceschi operations, and related indemnification and insurance; protection of intellectual property contract from Eni for the Cronos ultra-deepwater development in Block 6 of the drilling related services in the Western Hemisphere. Partially offsetting these increases was quarter of 2026 and adjusted net income attributable to company, excluding impairments Investors@Halliburton.com PR@Halliburton.com rights; cyber-attacks and data security; compliance with environmental laws; changes in Cyprus Exclusive Economic Zone. The award strengthens Halliburton’s offshore •Halliburton Labs announced the addition of three companies to its collaborative lower testing services internationally. Halliburton is one of the world’s leading providers of products and services to the energy and other charges and tax adjustments, of $501 million, or $0.60 per diluted share. This government regulations and regulatory requirements, particularly those related to oil and 281-871-2688 281-871-2601 portfolio in the Eastern Mediterranean and expands the company’s role in the region’s ecosystem: Electroflow, Osmoses, and SiTration. The selected ventures develop Nine Months EndedSeptember 30,September 30,20262025Completion and ProductionDrilling and EvaluationCompletion and ProductionDrilling and EvaluationRevenue$9,307$7,512$9,514$7,013Operating income$1,370$1,080$1,558$1,012Depreciation, depletion, and amortization486378462368Segment EBITDA (a)$1,856$1,458$2,020$1,380Operating margin14.7%14.4%16.4%14.4%Segment EBITDA margin (a)19.9%19.4%21.2%19.7% industry. Founded in 1919, we create innovative technologies, products, and services that compares to net income attributable to company for the second quarter of 2026 of $534 natural gas exploration, the environment, radioactive sources, explosives, chemicals, strategic natural gas development. Under the contract, Halliburton will deliver breakthrough technologies that address critical challenges in battery materials, Geographic Regions help our customers maximize their value throughout the life cycle of an asset and advance a million, or $0.64 per diluted share, and adjusted net income attributable to company, hydraulic fracturing services, and climate-related initiatives; assumptions regarding the integrated drilling, well construction, automation, and completions services for resource recovery, and gas separations. These companies confront the material and sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, excluding impairments and other credits and tax adjustments, of $461 million, or $0.55 per generation of future taxable income, and compliance with laws related to and disputes with exploration and development wells. The bundled scope reduces operational process bottlenecks that stand between today’s energy system and tomorrow's YouTube, Instagram, and Facebook. North America diluted share. taxing authorities regarding income taxes; risks of international operations, including risks interfaces, improves execution certainty, and supports efficient delivery for a multiopportunities. Halliburton Labs collaborates with early-stage, hard-tech ventures to (a)EBITDA and EBITDA margin are non-GAAP financial measures. EBITDA is calculated as “Net income” before “Interest expense, net,” “Income tax provision” and “Depreciation, depletion, and amortization” for the respective periods. EBITDA margin is calculated as “EBITDA” divided by “Total revenue.” Management believes EBITDA and EBITDA margin are key measures to assess and understand operating performance and are consistent with the disclosures of Halliburton’s direct, large-cap competitors.(b)For the three and nine months ended September 30, 2025, adjusted EBITDA excludes a $23 million impairment on an investment in Argentina.(c)See Footnote Table 1 for details of the impairments and other charges (credits) recorded during the three and nine months ended September 30, 2026 and 2025, and the three months ended June 30, 2026.(d)Adjusted EBITDA margin is a non-GAAP financial measure which is calculated as: “Adjusted EBITDA” divided by “Total revenue.” Management believes Adjusted EBITDA margin is a key measure to assess and understand operating performance and is consistent with disclosures of Halliburton's direct, large-cap competitors. relating to unsettled political conditions, war, including the current conflict in Iran, the effects (a)See Footnote Table 1 for details of the impairments and other charges (credits) recorded during the three and nine months ended September 30, 2026 and 2025, and the three months ended June 30, 2026.(b)During the three and nine months ended September 30, 2025, Halliburton incurred a charge of $23 million due to the impairment of an investment in Argentina.(c)During the three and nine months ended September 30, 2026 and the three months ended June 30, 2026, the adjustment includes the tax effect on impairments and other charges (credits). During the three and nine months ended September 30, 2025, the adjustments in the table above include a $125 million tax expense associated with a valuation allowance recorded against our deferred tax assets, which resulted from the impact on the realizability of our United States foreign tax credits due to the “One Big Beautiful Bill Act” (OBBBA), as well as the tax effect on impairments and other charges and the impairment of an investment in Argentina. year ultra-deepwater development. scale innovative technologies through industry expertise, world-class facilities, and a Adjusted EBITDA, which excludes impairments and other charges, was $1.0 billion in the North America revenue in the third quarter of 2026 was $2.2 billion, a decrease of 5% of terrorism, foreign exchange rates and controls, international trade and regulatory controls, global network of industrial and investment partners. third quarter of 2026, compared to adjusted EBITDA of $948 million in the second quarter of sequentially. This decrease was primarily driven by lower pressure pumping services in U.S. tariffs, and sanctions, and doing business with national oil companies; weather-related
- Halliburton announced it received an integrated contract by bp for the first appraisal 2026. (1)Adjusted net income per diluted share is a non-GAAP financial measure which is calculated as: “Adjusted net income attributable to company” divided by “Diluted weighted average common shares outstanding.” Management believes adjusted net income per diluted share is useful to investors to assess and understand operating performance. See Reconciliation of Net Income Attributable to Company to Adjusted Net Income Attributable to Company in Footnote Table 2.(2)Adjusted operating margin is a non-GAAP financial measure which is calculated by dividing “Adjusted operating income” by “Total revenue.” Management believes adjusted operating margin is useful to investors to assess and understand operating performance. See Reconciliation of Operating Income to Adjusted Operating Income in Footnote Table 1.(3)Free cash flow is a non-GAAP financial measure which is calculated as “Total cash flows provided by operating activities” less “Capital expenditures” plus “Proceeds from sales of property, plant, and equipment.” Management believes that free cash flow is a key measure to assess liquidity of the business and is consistent with the disclosures of Halliburton's direct, large-cap competitors. See Reconciliation of Cash Flows from Operating Activities to Free Cash Flow in Footnote Table 3.(4)Adjusted net income attributable to company is a non-GAAP financial measure which is calculated as: “Net income attributable to company” plus “Total adjustments, net of taxes” for the respective periods. Management believes adjusted net income is useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of the company's normal operating results. Management analyzes net income without the impact of these items as an indicator of performance to identify underlying trends in the business and to establish operational goals. Total adjustments remove the effect of these items. See Reconciliation of Net Income Attributable to Company to Adjusted Net Income Attributable to Company in Footnote Table 2. Land. issues, including the effects of hurricanes and tropical storms; delays or failures by campaign in the Bumerangue field, offshore deepwater Brazil. The award includes a customers to make payments owed to us; infrastructure issues in the oil and natural gas comprehensive suite of services to fast-track the appraisal campaign for bp’s Halliburton’s total revenue for the third quarter of 2026 was $5.7 billion, flat when compared International industry; availability and cost of highly skilled labor and raw materials; completion of discovery. The contract includes an integrated package of drilling services to optimize to total revenue in the second quarter of 2026. Operating income was $624 million in the potential dispositions, and acquisitions, and integration and success of acquired businesses reservoir evaluation and improve operational efficiency. The scope draws on (a)During the three months ended September 30, 2026, Halliburton recognized a pre-tax charge of $107 million primarily related to $107 million of severance costs associated with the rationalization of our global headcount, and $25 million of inventory costs and write-downs, partially offset by a $36 million gain resulting from the sale of a portion of our shares in an equity investment. During the three months ended June 30, 2026, Halliburton recognized a pre-tax credit of $95 million primarily due to a $54 million gain resulting from changes in our ownership interest in an equity investment, and a $10 million gain from remeasuring an equity investment to fair value. Other credits of $48 million were primarily due to a government refund recovery. These gains were partially offset by a $17 million loss on the sale of a portion of our chemical business, which closed in April 2026. During the three months ended September 30, 2025, Halliburton recognized a pre-tax charge of $392 million as a result of severance costs, fixed and other assets write-offs, an impairment of assets held for sale, and other items.(b)During the nine months ended September 30, 2026, Halliburton recognized a pre-tax charge of $12 million primarily related to $107 million of severance costs associated with the rationalization of our global headcount, partially offset by a $102 million gain primarily related to a $54 million gain resulting from changes in our ownership interest in an equity investment and a $36 million gain resulting from the sale of a portion of our shares in an equity investment. During the nine months ended September 30, 2025, Halliburton recognized a pre-tax charge of $748 million as a result of severance costs, an impairment of assets held for sale, an impairment on real estate facilities, and other items, primarily related to legacy environmental remediation cost estimate increases. third quarter of 2026, compared to operating income of $778 million in the second quarter of International revenue in the third quarter of 2026 was $3.5 billion, an increase of 3% and joint ventures; risks related to the deployment of artificial intelligence. Halliburton's most Halliburton’s drilling and evaluation portfolio to deliver an integrated execution model 2026. Adjusted operating income in the third quarter of 2026, excluding impairments and sequentially. recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current for the drilling appraisal program. Halliburton reduces operational complexity through other charges, was $731 million, compared to adjusted operating income of $683 million in Reports on Form 8-K and other filings with, or furnished to, the Securities and Exchange (a)Segment EBITDA and Segment EBITDA margin are non-GAAP financial measures. Segment EBITDA is calculated as segment “Operating income” plus “Depreciation, depletion, and amortization” for the respective periods. Segment EBITDA margin is calculated as “Segment EBITDA” divided by segment “Revenue”. Management believes Segment EBITDA and Segment EBITDA margin are key measures to assess and understand segment operating performance and are consistent with the disclosures of Halliburton’s direct, large-cap competitors. consolidation of multiple services. LOGIX™ automation and remote operations will be the second quarter of 2026. Commission discuss some of the important risk factors identified that may affect Latin America revenue in the third quarter of 2026 was $1.1 billion, flat sequentially. These (a)See Footnote Table 1 for details of the impairments and other (charges) credits recorded during the three and nine months ended September 30, 2026 and 2025, and the three months ended June 30, 2026.(b)During the three and nine months ended September 30, 2025, Halliburton incurred a charge of $23 million due to the impairment of an investment in Argentina.(c)During the three and nine months ended September 30, 2026 and the three months ended June 30, 2026, the income tax provision includes the tax effect on impairments and other (charges) credits. The income tax provision during the three and nine months ended September 30, 2025 includes a $125 million tax expense associated with a valuation allowance recorded against our United States foreign tax credits, as well as the tax effect on impairments and other charges and the impairment of an investment in Argentina.See Footnote Table 1 for Reconciliation of Operating Income to Adjusted Operating Income.See Footnote Table 2 for Reconciliation of Net Income Attributable to Company to Adjusted Net Income Attributable to Company. deployed to improve execution efficiency and consistency. Halliburton's business, results of operations, and financial condition. Halliburton undertakes results were primarily driven by decreased stimulation activity in Argentina, offset by “I am pleased with Halliburton’s third quarter results. Our revenue exceeded our no obligation to revise or update publicly any forward-looking statements for any reason, increased activity across multiple product service lines in Mexico.
- Halliburton announced the signing of memorandums of understanding with Eneva expectations, and we took important steps towards improving our margins.” commented Jeff except as required by law. and WESCA to support energy development opportunities in Venezuela and help Miller, Chairman, President and CEO. customers advance projects in the country's oil and gas sector. With nearly nine Europe/Africa revenue in the third quarter of 2026 was $1.0 billion, flat sequentially. These decades of experience in Venezuela, Halliburton helps customers advance projects results were primarily driven by decreased well construction activity in Namibia, offset by “We are another three months into one of the largest energy disruptions in history. I expect (a)Working capital includes receivables, inventories, and accounts payable.See Footnote Table 3 for Reconciliation of Cash Flows from Operating Activities to Free Cash Flow. through strategically located bases in the country and by established operational increased activity across multiple product service lines in Nigeria. the work to restore production, rebuild inventories and strengthen energy security will drive capabilities and local expertise. Halliburton and Eneva, one of Brazil’s leading multi-year demand growth for oilfield services, integrated energy companies and the country’s largest private natural gas operator, Middle East/Asia revenue in the third quarter of 2026 was $1.4 billion, an increase of 8% will collaborate to identify and pursue development opportunities in Venezuela. The sequentially. These results were primarily driven by higher activity across multiple product “Based on our early outlook for 2027, I expect mid-single digit revenue growth and operating agreement builds on the companies' existing relationship in Brazil. service lines in Saudi Arabia and Kuwait. margins of about 15%, an approximately 200 basis point improvement. This outlook assumes a flat North America market and does not require any recovery in North America •Halliburton announced the successful deployment of LOGIX™ automation and hydraulic fracturing. To us, that recovery is purely upside,” concluded Miller. remote operations on a deepwater exploration well with Eni offshore Indonesia. The operation marks a series of industry and regional firsts that advance closed loop drilling automation and demonstrate performance at scale in complex offshore environments.
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