Halliburton Net Income Surges 126% to $461M in Q1 2026

Halliburton Company (NYSE: HAL), a global oilfield services provider, reported net income of $461 million for the quarter ending March 31, 2026, more than doubling the $204 million earned in the same period last year. Diluted earnings per share climbed to $0.55 from $0.24 year-over-year. Read more earnings reports.

Operating income for the first quarter totaled $679 million, up 58% from $431 million in Q1 2025. The company's operating margin expanded despite a modest rise in cost of goods sold, which increased to $3.37 billion from $3.29 billion in the prior-year quarter.

The company's balance sheet showed total assets of $25.14 billion as of March 31, 2026, compared to $25.01 billion at the end of December 2025. Cash and cash equivalents declined to $2.00 billion from $2.21 billion over the same period.

Cash generated from operations totaled $273 million for the quarter, down from $377 million in Q1 2025. The company deployed $243 million in investing activities and $237 million in financing activities during the three-month period.

Long-term debt decreased to $7.07 billion as of March 31, 2026, from $7.16 billion at year-end 2025. Total liabilities fell to $14.32 billion from $14.51 billion, while stockholders' equity rose to $10.78 billion from $10.46 billion.

Inventory levels increased slightly to $3.02 billion from $2.98 billion at the end of 2025. Property, plant and equipment declined to $5.18 billion from $5.26 billion over the same period.

The company's weighted average diluted share count decreased to 839 million shares from 866 million shares in the year-ago quarter. Common shares outstanding totaled 835 million as of March 31, 2026.