Haliburton (HAL) Jumps 11.6% on Upbeat International Outlook

Core Insights - Halliburton Company (NYSE:HAL) has shown strong performance recently, with a stock price increase of 11.58% to $25.24, driven by positive investor sentiment regarding its international oilfield outlook for Q4, despite a poor earnings report for the previous quarter [1][3]. Financial Performance - For Q3, Halliburton's attributable net income fell by 97% to $18 million from $571 million year-on-year [3]. - Revenues decreased by 1.7% to $5.6 billion compared to $5.697 billion in the same quarter last year, with completion and production revenues down by 2.3%, while drilling and evaluation revenues remained flat [3]. Strategic Outlook - Halliburton has announced plans to achieve estimated savings of $100 million per quarter, reset its capital expenditures for 2026, and idle underperforming equipment [4]. - The company emphasizes its commitment to returning cash to shareholders, maintaining cost and capital discipline, and investing in technologies that enhance long-term performance [4]. Management Commentary - CEO Jeff Miller highlighted the company's competitive edge in the international market, showcasing differentiated performance both onshore and offshore, and confirmed that growth engines are on track [2].