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Earnings transcript
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HAL
Halliburton Company
$34.06
0.87
(2.62%)
| Exchange: | NYSE |
| Market Cap: | 28.376B |
| Shares Outstanding: | 410M |
Delayed data
About The Company
| Sector: | EnergyView sector performance | |||||
| Industry: | Oil & Gas Equipment & ServicesView industry performance | |||||
| CEO: | Jeffrey Allen Miller | |||||
| Full Time Employees: | 46000 | |||||
| Address: |
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| Website: | https://www.halliburton.com |
Halliburton Company (HAL) is a global supplier of products and services tailored for the energy sector. Its operations are structured into two primary divisions: Completion and Production, and Drilling and Evaluation. The Completion and Production segment focuses on enhancing well output through techniques like stimulation and sand control. It provides cementing services for well integrity, including casing and bonding, alongside a range of specialized downhole completion tools such as intelligent well systems, liner hangers, and multilateral solutions. This segment also supports production with offerings like coiled tubing, hydraulic workover units, pumping, and nitrogen services, in addition to managing pipeline and process services from initial setup (pre-commissioning, commissioning) through ongoing maintenance and eventual retirement (decommissioning). Furthermore, it supplies electrical submersible pumps and delivers artificial lift solutions. The Drilling and Evaluation segment offers a comprehensive suite of drilling fluids, including systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services. It also provides chemicals and associated services for oilfield completion, production, and downstream water and process treatment. This division includes advanced drilling systems, wireline and perforating services encompassing open-hole logging and cased-hole slickline operations, and a variety of drill bits (e.g., roller cone, fixed cutter), hole enlargement tools, and coring services. Moreover, it leverages cloud-based digital services and artificial intelligence on an open architecture to deliver subsurface insights, streamline well construction, and optimize reservoir and production management. Specialized testing and subsea services are also offered for reservoir information analysis and optimization strategies, alongside project management and integrated asset management services. Founded in 1919, Halliburton Company maintains its headquarters in Houston, Texas.
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Revenue Segmentation
HAL full analysis
Welcome back to MarketSnap. Today we're looking at Halliburton — the oilfield services giant that is up 46% over a year, and yet somehow feels like it's being left behind. Here's the contradiction. Energy was one of the only green spots on yesterday's tape. Today it's holding up again. Halliburton itself is down more than 6% in the past month, while its one-year number is up 46%. So which is it? Is this a cyclical oil bet whose run is…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 23,018,000 | 22,944,000 | 22,184,000 |
| Gross Profit | 4,360,000 | 4,301,000 | 3,484,000 |
| EBITDA | 4,939,000 | 5,005,000 | 4,121,000 |
| Operating Income | 4,083,000 | 3,822,000 | 2,260,000 |
| Net Income | 2,638,000 | 2,501,000 | 1,283,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 24,683,000 | 25,587,000 | 25,010,000 |
| Total Liabilities | 15,250,000 | 15,039,000 | 14,505,000 |
| Total Stockholders Equity | 9,391,000 | 10,506,000 | 10,505,000 |
| Total Debt | 8,809,000 | 8,602,000 | 8,133,000 |
| Cash and Cash Equivalents | 2,264,000 | 2,618,000 | 2,206,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,458,000 | 3,865,000 | 2,926,000 |
| Capital Expenditure | -1,379,000 | -1,442,000 | -1,254,000 |
| Free Cash Flow | 2,079,000 | 2,423,000 | 1,672,000 |
| Net Income | 2,662,000 | 2,516,000 | 1,292,000 |
| Net Change in Cash | -82,000 | 354,000 | -412,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 26,540,241.082 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 28,075,757.637 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 27,418,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 6,033,314.206 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 6,357,530.492 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 6,218,647.699 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 3,437,523.604 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 3,698,662.804 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 3,586,800.004 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 298,156.782 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 315,406.990 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 308,017.649 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.270 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 4.400 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 4.090 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 14 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 3 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: Halliburton reported strong revenue of $22.2 billion in Q4 2025, as highlighted in the earnings call transcript, reflecting solid operational execution and market demand in the energy services sector. This performance aligns with positive industry trends in oilfield services, as indicated by sector performance metrics.
- Technological Leadership: The earnings call emphasized Halliburton’s focus on technology-driven solutions, positioning the company as a leader in innovation within the industry. This is a key differentiator in a competitive market and supports long-term growth potential.
- Strong Market Positioning: With a significant market cap and a presence in the energy sector (as per company profile data), Halliburton benefits from a global footprint and a diversified client base, enhancing its resilience against regional market fluctuations.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates HAL intrinsic value between $37.33 – $49.36 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about HAL valuation
Is Halliburton Company (HAL) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Halliburton Company (HAL) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is HAL a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether HAL trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is HAL’s P/E ratio?
You can see HAL’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for HAL?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is HAL a good long-term investment?
Whether HAL fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
HAL
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Daily snapshot
2.62
Trading Metrics:
| Open: | 33.46 | Previous Close: | 33.19 | |
| Day Low: | 33.3 | Day High: | 34.2 | |
| Year Low: | 24.92 | Year High: | 43.59 | |
| Price Avg 50: | 34.13 | Price Avg 200: | 35.74 | |
| Volume: | 585573 | Average Volume: | 11.291M |
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