Halliburton Co. (NYSE: HAL) shares gained more than 8% in intra-day trading on Tuesday after the oilfield services company reported better-than-expected third-quarter results and improved profitability.
Adjusted earnings came in at $0.58 per share, above the analyst consensus of $0.50. Revenue rose slightly to $5.6 billion, beating expectations of $5.39 billion and up from $5.5 billion in the prior quarter.
The company reported an adjusted operating margin of 13% for the quarter. GAAP earnings were $0.02 per share after accounting for $392 million in impairments and other charges. Revenue was essentially flat year-over-year compared with $5.7 billion in the same period of 2024.
The Completion and Production segment generated $3.2 billion in revenue, up 2% sequentially, while Drilling and Evaluation revenue also increased 2% to $2.4 billion. North American revenue climbed 5% from the previous quarter to $2.4 billion, driven by stronger stimulation activity in U.S. land operations and Canada.
Halliburton said international markets continued to provide stable growth opportunities, supported by rising demand for well construction and production services.
