In the current session, the stock is trading at $34.88, after a 1.63% spike. Over the past month, Halliburton Inc. (NYSE:HAL) stock increased by 7.35%, and in the past year, by 35.93%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.How Does Halliburton P/E Compare to Other Companies?The P/E ratio measures the current share price to the company's EPS. It is used by long-term investor ...

Key Takeaways Halliburton signed an MOU with Pertamina to deploy advanced drilling tech in Indonesia.HAL will use multi-stage fracking, acid stimulation and cementing to lift output from mature fields.Partnership adds AI and closed-loop automation to improve efficiency, safety and energy security.Halliburton (HAL) , a major global oil and gas equipment and services company, has formed a new partnership with Pertamina, Indonesia’s state-owned energy company. The two companies signed a memorandum of understan ...

HOUSTON--(BUSINESS WIRE)--PT Pertamina (Persero), Indonesia's state-owned integrated energy company, and Halliburton (NYSE: HAL), a global leader in energy services and technology, signed a memorandum of understanding (MOU) to accelerate the deployment of advanced well construction and stimulation technologies in Indonesia. Under this MOU, Pertamina and Halliburton intend to evaluate opportunities for multi-stage hydraulic fracturing, acid stimulation, advanced cementing services, as well as the potential a ...

Core Viewpoint - Halliburton's recent earnings report shows a mixed performance with adjusted net income per share beating estimates, but a slight decline in year-over-year profit due to softer activity in North America [2][8]. Financial Performance - Halliburton reported Q4 2025 adjusted net income per share of 69 cents, exceeding the Zacks Consensus Estimate of 54 cents, but down from 70 cents in the previous year [2]. - Revenues for the quarter were $5.7 billion, a 0.8% increase year-over-year, and surpassed the Zacks Consensus Estimate by 4.7% [3]. - North American revenues decreased by 0.3% year-over-year to $2.2 billion, while international revenues increased by 1.5% to $3.5 billion [4]. Segment Performance - The Completion and Production segment reported operating income of $570 million, down from $629 million year-over-year, but above the estimate of $473.2 million due to favorable activity mix [5]. - The Drilling and Evaluation unit's profit fell to $367 million from $401 million year-over-year, yet exceeded the estimate of $359.9 million, supported by better activity mix and year-end software sales [6]. Balance Sheet and Cash Flow - Capital expenditure for Q4 was $337 million, below the projected $390.4 million, with $2.2 billion in cash and $7.2 billion in long-term debt, resulting in a debt-to-capitalization ratio of 40.5% [7]. - Halliburton executed $1 billion in share repurchases during 2025, returning 85% of free cash flow to shareholders, and generated $1.2 billion in cash flow from operations, leading to free cash flow of $875 million [7]. Management Outlook - Management anticipates continued strength in international operations and plans to maintain its Maximize Value strategy in North America, expecting the region to respond first as macro fundamentals improve [8]. - Overall, management expresses confidence in Halliburton's ability to deliver strong returns and capitalize on growth opportunities [8]. Market Sentiment - There has been an upward trend in estimates revision over the past month, indicating positive market sentiment [9]. - Halliburton holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [12].

Key Takeaways Halliburton outpaced SLB and Baker Hughes over six months, leading peer performance.HAL trades at 14.6X forward earnings, but North America weakness may limit near-term upside.Halliburton returned 85% of 2025 free cash flow to shareholders, yet margins face early 2026 pressure.Shares of oilfield service biggie Halliburton Company (HAL) have staged an eye-catching rally over the past six months, climbing nearly 65% and pushing the stock to a 52-week high of $35.55 in late January. The move has ...

Core Insights - Halliburton Company has launched the XTR CS injection system, a wireline-retrievable safety valve designed specifically for CO2 injection, aligning with the global expansion of carbon capture, utilization, and storage (CCUS) projects [1][12][13] Group 1: Product Features - The XTR CS injection valve is engineered for harsh CCUS environments, capable of operating under ultra-low temperatures and ensuring dependable flowback prevention [2] - Unlike traditional valves, the system eliminates reliance on hydraulic control systems, enhancing long-term integrity and minimizing potential leak paths, which is crucial for carbon storage projects [3] - The valve's wireline-retrievable design allows it to be deployed as a primary safety valve and a fluid-flowback prevention device, simplifying operations [5] - Its depth-insensitive design facilitates installation at any wellbore point, reducing operational complexity and supporting streamlined inventory management [6] - The valve is designed for high injection rates, low pressure drops, and compliance with API 14A standards, with features that extend operational life and reduce wear [7][11] Group 2: Qualification and Reliability - The "CS" designation indicates Halliburton's rigorous qualification standards, ensuring the valve's operational integrity in harsh CCUS environments [9] - The system is built to withstand thermal and mechanical stresses associated with sustained CO2 injection, reinforcing its reliability [9] Group 3: Industry Positioning - The launch of the XTR CS injection system highlights Halliburton's commitment to advancing low-carbon completion technologies and its strategic shift towards innovation-driven growth in the energy services sector [4][12] - As CCUS projects scale globally, the emphasis on well integrity and equipment longevity positions Halliburton to support operators seeking reliable CO2 injection technologies [12][13]

Core Insights - Halliburton Company's fourth-quarter 2025 results showed earnings resilience despite a softer year-over-year backdrop, with revenues of $5.7 billion and adjusted earnings of 69 cents per share [1][8] - Profitability remained solid but lower than the prior year, with adjusted operating income of $829 million and an adjusted operating margin of 15% [1] - Cash generation was robust, with operating cash flow of $1.2 billion during the quarter, reflecting disciplined execution and a focus on returns [1] International Operations - International operations were the primary stabilizer, with full-year international revenues declining just 2% in 2025, outperforming broader activity trends [2] - Fourth-quarter results showed resilience across multiple regions, with growth in Europe, Africa, Latin America, and parts of the Middle East and Asia supported by higher completion tool sales and steady project execution [2] - Longer-cycle markets provided durable pricing and utilization, helping sustain margins despite declines in select countries [2] North America Performance - North America experienced a 6% decline in full-year regional revenues, with fourth-quarter results reflecting continued pressure from lower stimulation activity and cautious customer spending [3] - Management focused on cost discipline, selective activity, and technology deployment to protect returns, which helped support earnings quality despite weaker demand [3] - The company returned capital through $250 million of share repurchases during the quarter, emphasizing execution and financial discipline [3] Peer Comparisons - Halliburton's performance was consistent with its peers, as international operations also played a stabilizing role for other oilfield services companies [4] - SLB N.V. reported high single-digit sequential growth in international operations, driven by stronger activity in the Middle East, Asia, and Latin America [5] - Baker Hughes also saw resilience in international operations, particularly in Sub-Saharan Africa and Brazil, which helped stabilize earnings despite macro-driven pressures [6] Stock Performance - Halliburton's shares have gained over 70% in the past six months, outperforming the industry's growth [7]

Core Viewpoint - Halliburton reported a revenue of $5.66 billion for Q4 2025, marking a year-over-year increase of 0.8% and exceeding the Zacks Consensus Estimate by 4.64% [1] Financial Performance - Earnings per share (EPS) for the quarter was $0.69, slightly down from $0.70 a year ago, but surpassed the consensus estimate of $0.54 by 27.78% [1] - Halliburton's stock has returned +5.2% over the past month, while the Zacks S&P 500 composite has decreased by -1.5% [3] Revenue Breakdown - North America: $2.21 billion, slightly above the $2.13 billion estimate, with a year-over-year change of -0.3% [4] - Middle East/Asia: $1.46 billion, below the $1.47 billion estimate, with a year-over-year decline of -11.7% [4] - Europe/Africa/CIS: $928 million, exceeding the $841.88 million estimate, reflecting a +16.7% year-over-year increase [4] - Latin America: $1.07 billion, above the $1.02 billion estimate, with a year-over-year increase of +11.9% [4] Segment Performance - Drilling and Evaluation: Revenue of $2.39 billion, slightly above the $2.37 billion estimate, with a year-over-year change of -1.8% [4] - Completion and Production: Revenue of $3.27 billion, exceeding the $3.08 billion estimate, with a year-over-year increase of +2.8% [4] - Operating income for Completion and Production was $570 million, surpassing the $477.74 million estimate [4] - Operating income for Drilling and Evaluation was $367 million, slightly above the $365.42 million estimate [4] - Corporate and other reported an operating income of -$66 million, better than the -$68.85 million estimate [4]

Sustainability and Environmental Initiatives - Halliburton aims to advance a sustainable energy future by developing technologies to lower emissions intensity and grow its low carbon energy business[14]. - The company has invested in developing environmentally friendly hydraulic fracturing technologies, including a fluid system sourced entirely from the food industry[44]. - Halliburton has not been obligated to compensate any indemnified party for environmental liability arising from hydraulic fracturing to date[46]. Geographic and Market Presence - In 2025, 39% of consolidated revenue was derived from the United States, with no other country exceeding 10% of total revenue[23]. - Halliburton operates in more than 70 countries, organized into four primary geographic regions: North America, Latin America, Europe/Africa/CIS, and Middle East/Asia[22]. - The company recognizes that geopolitical factors and market conditions can impact operations, but believes geographic diversification reduces risks associated with interruptions in any single country[25]. Workforce and Employment - The company employed over 46,000 people worldwide as of December 31, 2025, with a modest voluntary turnover rate of 9%[32][34]. - In 2025, 91% of the workforce and 85% of management were on local terms in the countries where they work, reflecting a commitment to local workforce development[33]. Financial Performance - Total revenue for 2025 was $22,184 million, a decrease of 3.3% from $22,944 million in 2024[239]. - Operating income fell to $2,260 million in 2025, down 40.8% from $3,822 million in 2024[239]. - Net income attributable to the company decreased to $1,283 million in 2025, compared to $2,501 million in 2024, representing a decline of 48.7%[239]. - Basic net income per share for 2025 was $1.50, down from $2.84 in 2024, a decrease of 47.2%[239]. - Total operating costs and expenses increased to $19,924 million in 2025, up 4.2% from $19,122 million in 2024[239]. - Cash flows provided by operating activities were $2,926 million in 2025, a decrease of 24.4% from $3,865 million in 2024[245]. - Capital expenditures for 2025 were $1,254 million, down from $1,442 million in 2024, a reduction of 13.0%[245]. Assets and Liabilities - Total assets decreased to $25,010 million in 2025 from $25,587 million in 2024, a decline of 2.3%[243]. - Total liabilities decreased to $14,505 million in 2025, down from $15,039 million in 2024, a reduction of 3.5%[243]. - The allowance for credit losses increased to $805 million by the end of 2025, up from $754 million at the end of 2024[301]. - Long-term total debt remained stable at $7,158 million in 2025 compared to $7,160 million in 2024[313]. Internal Controls and Compliance - The company maintained effective internal control over financial reporting as of December 31, 2025, as confirmed by an independent audit[231]. - There have been no waivers from provisions of the company's Code of Business Conduct for the years 2023, 2024, or 2025[48]. - The company’s management concluded that its internal control over financial reporting was effective as of December 31, 2025[217]. Impairments and Charges - The company incurred impairments and other charges of $831 million in 2025, with $556 million attributed to Completion and Production and $247 million to Drilling and Evaluation[281]. - Total impairments and other charges for 2025 amounted to $831 million, which included $299 million in severance costs and $224 million for impairment of assets held for sale[275]. - Halliburton's impairment of assets held for sale related to its chemical business was $224 million in 2025, reflecting strategic shifts in operations[275]. Stock and Shareholder Information - The company repurchased $1,007 million in stock during 2025, compared to $1,005 million in 2024[245]. - The company repurchased 42.4 million shares of common stock in 2025, with approximately $2.0 billion remaining authorized for repurchases as of December 31, 2025[339]. - Stock-based compensation costs for 2025 were $213 million, with a net cost of $177 million after tax benefits[344]. Taxation and Deferred Tax Assets - Halliburton reported gross deferred tax assets of $3.6 billion with a related valuation allowance of $0.9 billion as of December 31, 2025[226]. - The total income tax provision for 2025 was $479 million on pre-tax income of $1.8 billion, resulting in an effective tax rate of 27.0%[324]. - As of December 31, 2025, total gross deferred tax assets amounted to $3.626 billion, while total gross deferred tax liabilities were $393 million[326].

Core Viewpoint - Baker Hughes is positioned as a key player in the oilfield services industry, focusing on innovative technologies and services for energy and industrial customers globally [1] Group 1: Company Overview - Baker Hughes provides advanced solutions for oil and gas exploration and production, competing with major firms like Schlumberger and Halliburton [1] - The company has a market capitalization of approximately $55.3 billion, with its stock price currently at $56.04 [5][6] Group 2: Recent Developments - On January 31, 2026, Jefferies analyst Lloyd Byrne set a new price target for Baker Hughes at $67, indicating a potential increase of about 19.56% from the current stock price [2][6] - Baker Hughes has secured a significant deal with Expand Energy to deploy its AI-powered Leucipa technology across thousands of shale wells, enhancing production efficiency [3][4][6] Group 3: Technology and Impact - The Leucipa platform, delivered as a SaaS solution on AWS, utilizes real-time data and machine learning to improve decision-making and production efficiency [3] - The implementation of Leucipa is expected to increase cash flows for Expand Energy, reinforcing Baker Hughes' position in the digital energy sector [4]