Halliburton (HAL)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-07-08
$34.97+3.49%
Close 2026-07-08 · 1-day change
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Track HAL free→Warn: Management is running behind on a stated commitment.
Halliburton is one of the largest oilfield service companies with global reach. It beat earnings estimates recently with EPS of $0.6 in Q1 2026 and $0.69 in Q4 2025. The company guides revenue above $5.4 billion and operating margin at least 13% next quarter. Free cash flow is expected to rise to $1.857 billion in 2026, showing strong cash generation.
The stock is selling off with a 21% drop from its high, reflecting market concerns. Revenue growth is modest at about 4.3% expected by analysts. The sector faces headwinds and the company’s capital discipline and share repurchase progress is mixed. If demand weakens, margins and cash flow could fall.
The price is about 6% below our fair value near $36, which is 11% below the Street median target of $40. The market expects about 4% revenue growth. Our view is aligned with moderate growth but cautious on margin and capital execution risks.
Breaks if: Share repurchases fall below $100M per quarter
Continue the share repurchase program to return value to shareholders.
Stated in 2 of last 2 quarters. Halliburton repurchased approximately $100 million of its common stock in 2026-Q1. This reflects a recurring commitment to capital allocation through share repurchases, with consistent execution.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Halliburton repurchased approximately $100 million of its common stock.”
“We continued our share repurchase program.”
Breaks if: Free cash flow falls below $1.857B in FY26
Maintain a consistent focus on returns and capital discipline to drive long-term success.
Stated in 4 of last 4 quarters. Operating income increased from $431M in 2025-Q1 to $679M in 2026-Q1, indicating progress in capital discipline. The trajectory is delivering on the stated focus.
“CEO: 'I expect that our consistent focus on returns and capital discipline will drive long-term success.'”
“CEO: 'Our focus on returns and capital discipline remains unchanged.'”
“CEO: 'We continue to prioritize returns and capital discipline.'”
“CEO: 'Capital discipline is central to our strategy.'”
Continue the share repurchase program to return value to shareholders.
Stated in 2 of last 2 quarters. Halliburton repurchased approximately $100 million of its common stock in 2026-Q1. This reflects a recurring commitment to capital allocation through share repurchases, with consistent execution.
Breaks if: Operating margin falls below 13% next quarter
Maintain a consistent focus on returns and capital discipline to drive long-term success.
Stated in 4 of last 4 quarters. Operating income increased from $431M in 2025-Q1 to $679M in 2026-Q1, indicating progress in capital discipline. The trajectory is delivering on the stated focus.
“CEO: 'I expect that our consistent focus on returns and capital discipline will drive long-term success.'”
“CEO: 'Our focus on returns and capital discipline remains unchanged.'”
“CEO: 'We continue to prioritize returns and capital discipline.'”
“CEO: 'Capital discipline is central to our strategy.'”
Breaks if: Revenue falls below $5.4B next quarter
“Halliburton repurchased approximately $100 million of its common stock.”
“We continued our share repurchase program.”