Halliburton Q1 Net Income Jumps 126% to $461M While Revenue Flat at $5.4B
Halliburton reported Q1 2026 net income of $461m, or $0.55 per diluted share, up 126% year-on-year, while adjusted net income fell 10.8% to $461m. Total revenue was $5.4bn, flat, with drilling revenues up 3.9% and completion&production revenues down 3.8%.
1. Strong Net Income Growth
Halliburton posted net income of $461m, or $0.55 per diluted share, for Q1 2026, a 126% increase from $204m in the year-ago quarter. Adjusted net income for the same period declined 10.8% from $517m, while adjusted operating income rose 57.5% to $679m, reflecting improved cost controls and pricing.
2. Flat Revenue and Segment Trends
Total revenue of $5.4bn was essentially unchanged from Q1 2025’s $5.42bn. The drilling and evaluation segment grew 3.9% to $2.38bn, offset by a 3.8% decline in completion and production revenues to $3bn, as North America recovery signs were counterbalanced by softer activity in other regions.
3. New Technology Introductions
During the quarter, the company launched the HyperSteer MX shankless matrix-body directional drill bit for enhanced durability, the XTR CS wireline-retrievable safety valve for CO₂ injection wells, and the RangeStar Geothermal Well Spacing and Intercept Service to improve accuracy and speed in geothermal well placement.