Halliburton stock price swings after Q3 earnings

Core Insights - Halliburton's Q3 revenue reached $5.6 billion, exceeding Wall Street's estimate of $5.39 billion, leading to an 11.6% increase in shares [1] - The company reported an adjusted net income of $0.58 per share with a 13% adjusted margin, indicating effective cost controls and stable international demand [1] Financial Performance - North American revenue increased by 5% due to heightened activity in the U.S. and Canada, while international sales remained flat, with growth in Africa and Latin America offsetting declines in Saudi Arabia [2] - Halliburton generated $276 million in free cash flow and repurchased $250 million in stock during the quarter [3] - The reported net income was $18 million or $0.02 per share, significantly lower than the previous year's $571 million or $0.65 per share, reflecting an 11.8% decline in stock price over the year [4][5] Strategic Initiatives - The company is focusing on maximizing returns and leveraging technology, particularly artificial intelligence, to enhance operational efficiency [3] - Halliburton is working to reset its 2026 capital budget and aims to save approximately $100 million per quarter by idling underperforming equipment [3] - A strategic partnership was announced with VoltaGrid to provide distributed power generation solutions for data centers, with initial implementation targeted for the Middle East [6][7]