哈里伯頓第二季收入57億美元按季升6% 經調整每股盈利0.55美元

EX-99.1
2
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EX-99.1

Live Master ER Document

Exhibit 99.1

HALLIBURTON ANNOUNCES SECOND QUARTER 2026 RESULTS
•Net income of $0.64 per diluted share.
•Adjusted net income per diluted share1 of $0.55.
•Revenue of $5.7 billion and operating margin of 14%.
•Adjusted operating margin2 of 12%.
•Cash flow from operations of $824 million and free cash flow3 of $668 million.
•Approximately $200 million of share repurchases.

HOUSTON – July 21, 2026 – Halliburton Company (NYSE: HAL) announced today net 
income of $534 million, or $0.64 per diluted share, for the second quarter of 2026 and 
adjusted net income4, excluding “Impairments and other credits”, of $461 million, or $0.55 
per diluted share. This compares to net income for the first quarter of 2026 of $461 million, 
or $0.55 per diluted share. Halliburton’s total revenue for the second quarter of 2026 was 
$5.7 billion, compared to total revenue of $5.4 billion in the first quarter of 2026. Operating 
income was $778 million in the second quarter of 2026, compared to operating income of 
$679 million in the first quarter of 2026. Adjusted operating income5 in the second quarter of 
2026, excluding “Impairments and other credits,” was $683 million.
“I am pleased with Halliburton’s performance this quarter, and believe the global outlook for 
Halliburton is strong. I expect our differentiated technology and value proposition set the 
stage for revenue growth and margin expansion.” commented Jeff Miller, Chairman, 
President and CEO.
“In international markets, I am excited about Halliburton’s contract awards and pipeline of 
future opportunities. I see demand growth for our services and technology in every region 
we serve. 
“In North America, I am encouraged by the recovery we saw this quarter and I  expect 
incremental improvements through the year.
“I expect that our consistent focus on returns and capital discipline will drive long-term 
success for Halliburton and its shareholders,” concluded Miller.

Operating Segments
Completion and Production
Completion and Production revenue in the second quarter of 2026 was $3.2 billion, an 
increase of $186 million, or 6% sequentially, while operating income was $474 million, an 
increase of $35 million, or 8% sequentially. These results were primarily driven by increased 
stimulation activity in the Western Hemisphere and improved well intervention services in 
Asia. Partially offsetting these increases were lower specialty chemicals activity in North 
America resulting from the completed sale of a portion of our chemical business, decreased 
cementing activity in Latin America, and lower activity across multiple product service lines 
in the Middle East.

Drilling and Evaluation
Drilling and Evaluation revenue in the second quarter of 2026 was $2.5 billion, an increase 
of $126 million, or 5% sequentially, while operating income was $338 million, a decrease of 
$13 million, or 4% sequentially. Revenue improvements were primarily driven by increased 
drilling-related services and higher wireline activity in North America and Europe/Africa, and 
increased drilling-related services in Asia. Partially offsetting these increases were lower 
software sales globally, decreased project management activity in Latin America and lower 
wireline activity in the Middle East. Operating income decreased due to the seasonal roll off 
of software sales.
Geographic Regions
North America
North America revenue in the second quarter of 2026 was $2.3 billion, an increase of 7% 
sequentially. This increase was primarily driven by higher stimulation activity and increased 
well construction activity in US Land, and higher fluids activity in the Gulf of America. 
Partially offsetting these increases were lower specialty chemicals activity in US Land 
following the sale of a portion of our chemical business and decreased drilling activity in the 
Gulf of America.
International
International revenue in the second quarter of 2026 was $3.4 billion, an increase of 5% 
when compared to the first quarter of 2026.
Latin America revenue in the second quarter of 2026 was $1.1 billion, an increase of 3% 
sequentially. These results were primarily driven by increased stimulation activity in 
Argentina and Mexico, and improved completion tool sales in Mexico. Partially offsetting 
these increases were lower activity across multiple product service lines in the Caribbean, 
decreased well construction activity in Mexico and Ecuador, and decreased completion tool 
sales in Brazil.
Europe/Africa revenue in the second quarter of 2026 was $1.0 billion, an increase of 19% 
sequentially. These results were primarily driven by improved activity across multiple product 
service lines in the North Sea, increased well construction activity in Namibia and Egypt, 
higher completion tool sales in the Mediterranean and Ivory Coast, and increased project 
management activity in Angola. Partially offsetting these increases were decreased software 
sales across the region and lower activity across multiple product service lines in Libya.
Middle East/Asia revenue in the second quarter of 2026 was $1.3 billion, a decrease of 2% 
sequentially. These results were primarily driven by lower activity across multiple product 
service lines in Kuwait, Iraq, and Qatar as a result of the ongoing geopolitical conflict in the 
Middle East. Partially offsetting these decreases were higher well construction activity in 
Saudi Arabia and the United Arab Emirates, and increased drilling-related services and 
higher well intervention services in Asia.

Other Financial Items
During the second quarter of 2026, Halliburton:
•Repurchased approximately $200 million of its common stock. 
•Paid dividends of $0.17 per share.
•Spent $46 million on SAP S4 migration.
•Recognized a pre-tax credit of $95 million, related to “Impairments and other credits.”
Selective Technology & Highlights
•Halliburton and Shape Digital entered a strategic collaboration to advance digital 
asset performance management through a unified asset view that connects 
subsurface and surface intelligence. The collaboration extends trusted data, domain 
science, operational expertise, and applied AI to support predictive, asset-level 
decision-making over the full production lifecycle.
•Halliburton successfully deployed its VersaFlex® expandable liner hanger system in 
the bp-operated Azeri–Chirag–Gunashli project offshore Azerbaijan in the Caspian 
Sea. The operation reinforces the companies’ long-standing collaboration and 
demonstrates Halliburton’s ability to deliver high-value well construction solutions in 
one of the region’s most complex offshore environments. The project highlights the 
Company’s focus to support customer objectives throughout the well life cycle.
•Halliburton launched the Xaminer® Deep Testing logging service, the newest addition 
to the Reservoir Xaminer™ formation testing service. Developed through close 
collaboration with operators facing increasingly complex reservoirs, the service brings 
deep-reading producibility and boundary identification earlier in the well life cycle to 
support integrated decisions that complement traditional drill stem testing.
•Halliburton launched the Optimized Single-Trip Multi-Zone (OSTMZ®) sand control 
system that reduces rig time, lowers total cost of ownership for operators, and safely 
improves well productivity as complexity increases. The system supports efficient 
completion operations and increases reservoir coverage in complex multizone wells. 
Operators that complete multizone wells often manage extended schedules, multiple 
service-tool trips, and increased operational exposure. The OSTMZ sand control 
system addresses these challenges and treats multiple zones in a single trip, without 
deployment-tool repositioning or repeated surface-equipment testing. 
•Halliburton held its 2026 Technology Showcase from May 4-7 in Houston, which was 
attended by nearly 400 industry professionals from around the world. The event 
brought industry and technical leaders together and showed how digital capabilities 
translate into real-time execution at the wellsite to improve asset performance for our 
customers. Halliburton showcased measurable value from the integration of software, 
artificial intelligence, and automation into real-time operations.

•Halliburton announced the acquisition of InformatiQ AS, a Norway‑based software 
company that develops cloud‑native applications for subsurface, drilling, well, and 
logistics data. The acquisition converts a long‑standing collaboration into full 
ownership, strengthens Landmark’s Agile Asset Management offering, and extends 
its digital portfolio into new operational domains.
•Halliburton was awarded lump sum turnkey contracts by Aramco for multiple onshore 
fields in the Kingdom of Saudi Arabia. The awards expand Halliburton’s role in the 
program and demonstrate the Company’s ability to grow through integrated well 
delivery at scale. The multi-year contracts encompass approximately 285 planned 
wells. Halliburton will deliver a fully integrated execution model that includes oil re-
entry operations, drilling, completions, and workovers. The integrated approach 
supports maximum asset value through operational consistency and timely well 
delivery and helps advance Aramco’s objectives to maintain efficiency in its onshore 
portfolio.
•Halliburton was awarded a multi-year contract from Aramco to deliver integrated 
stimulation and completion services for unconventional gas development in the 
Kingdom of Saudi Arabia. This award is part of a broader multi-billion contract, 
supporting one of the largest unconventional gas development programs globally. 
This award builds on Halliburton’s established portfolio supporting Aramco’s 
unconventional program. Across many of the Kingdom’s unconventional plays, 
Halliburton delivers a comprehensive suite of drilling and completion solutions. Its 
integrated service model is designed to support high-intensity development programs 
and improve operational efficiency, workflow predictability, and execution reliability. 
This collaboration supports broader regional efforts toward integrated unconventional 
development programs.
•Halliburton wins major integrated well construction contracts for the GranMorgu 
deepwater development offshore Suriname, operated by TotalEnergies. The 
agreement includes drilling and completions services for a long-term program. 
Halliburton will deploy a fully integrated, digital and automation execution model that 
unites planning, engineering, and operations to improve performance, accelerate 
learning, and reduce total cost of ownership throughout well construction.
•Halliburton has been awarded a contract by Basra Oil Company to provide Integrated 
Field Management Services and Engineering, Procurement, and Construction 
Management (EPCM) for the development of the Bin Umar and Sindbad oil and gas 
fields in southern Iraq. The contract scope includes field development planning, 
production optimization, digital solutions, and EPCM services for the two fields. 
Halliburton will deploy the Landmark portfolio to build a digital foundation that 
connects subsurface insights, well delivery, production operations, and business 
planning. Halliburton digitally integrates planning and execution to improve visibility, 
increase efficiency, and support faster, higher-quality decisions.

(1)

Adjusted net income per diluted share is a non-GAAP financial measure; please see definition of Adjusted 
Net Income Per Diluted Share in Footnote Table 3 and 4.

(2)

Adjusted operating margin is a non-GAAP financial measure; please see reconciliation of Operating 
Income to Adjusted Operating Income in Footnote Table 1 and 2.

(3)

Free cash flow is a non-GAAP financial measure; please see reconciliation of Cash Flows from Operating 
Activities to Free Cash Flow in Footnote Table 5.

(4)

Adjusted net income is a non-GAAP financial measure; please see reconciliation of Net Income to 
Adjusted Net Income in Footnote Table 3 and 4.

(5)

Adjusted operating income is a non-GAAP financial measure; please see reconciliation of Operating 
Income to Adjusted Operating Income in Footnote Table 1 and 2.

About Halliburton
Halliburton is one of the world’s leading providers of products and services to the energy 
industry. Founded in 1919, we create innovative technologies, products, and services that 
help our customers maximize their value throughout the life cycle of an asset and advance a 
sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, 
YouTube, Instagram, and Facebook.

Forward-looking Statements
The statements in this press release that are not historical statements are forward-looking 
statements within the meaning of the federal securities laws. These statements are subject 
to numerous risks and uncertainties, many of which are beyond the company's control, 
which could cause actual results to differ materially from the results expressed or implied by 
the statements. These risks and uncertainties include, but are not limited to: changes in the 
demand for or price of oil and/or natural gas, including as a result of development of 
alternative energy sources, general economic conditions such as inflation and recession, the 
ability of the OPEC+ countries to agree on and comply with production quotas, and other 
causes; changes in capital spending by our customers; the modification, continuation or 
suspension of our shareholder return framework, including the payment of dividends and 
purchases of our stock, which will be subject to the discretion of our Board of Directors and 
may depend on a variety of factors, including our results of operations and financial 
condition, growth plans, capital requirements and other conditions existing when any 
payment or purchase decision is made; potential catastrophic events related to our 
operations, and related indemnification and insurance; protection of intellectual property 
rights; cyber-attacks and data security; compliance with environmental laws; changes in 
government regulations and regulatory requirements, particularly those related to oil and 
natural gas exploration, the environment, radioactive sources, explosives, chemicals, 
hydraulic fracturing services, and climate-related initiatives; assumptions regarding the 
generation of future taxable income, and compliance with laws related to and disputes with 
taxing authorities regarding income taxes; risks of international operations, including risks 
relating to unsettled political conditions, war, the effects of terrorism, foreign exchange rates 
and controls, international trade and regulatory controls, tariffs, and sanctions, and doing 
business with national oil companies; weather-related issues, including the effects of 
hurricanes and tropical storms; delays or failures by customers to make payments owed to 
us; infrastructure issues in the oil and natural gas industry; availability and cost of highly 
skilled labor and raw materials; completion of potential dispositions, and acquisitions, and 
integration and success of acquired businesses and joint ventures; risks related to the 
deployment of artificial intelligence. Halliburton's Form 10-K for the year ended December 
31, 2025, Form 10-Q for the quarter ended March 31, 2026, Current Reports on Form 8-K 
and other Securities and Exchange Commission filings discuss some of the important risk 
factors identified that may affect Halliburton's business, results of operations, and financial 
condition. Halliburton undertakes no obligation to revise or update publicly any forward-
looking statements for any reason, except as required by law.

HALLIBURTON COMPANY
Condensed Consolidated Statements of Operations
(Millions of dollars and shares except per share data)
(Unaudited)

Three Months Ended

June 30, 

March 31, 

2026

2025

2026

Revenue:

Completion and Production

$3,202

$3,171

$3,016

Drilling and Evaluation

2,512

2,339

2,386

Total revenue

$5,714

$5,510

$5,402

Operating income:

Completion and Production

$474

$513

$439

Drilling and Evaluation

338

312

351

Corporate and other

(83)

(66)

(69)

SAP S4 upgrade expense

(46)

(32)

(42)

Impairments and other credits (a)

95

—

—

Total operating income

778

727

679

Interest expense, net

(83)

(92)

(82)

Other, net

(31)

(24)

(28)

Income before income taxes

664

611

569

Income tax provision (b)

(126)

(131)

(105)

Net income

$538

$480

$464

Net income attributable to noncontrolling interest

(4)

(8)

(3)

Net income attributable to company

$534

$472

$461

Basic and diluted net income per share

$0.64

$0.55

$0.55

Basic weighted average common shares outstanding

836

857

837

Diluted weighted average common shares outstanding

838

857

839

(a)

See Footnote Table 1 for details of the impairments and other charges (credits) recorded during the three months 
ended June 30, 2026.

(b)

The income tax provision during the three months ended June 30, 2026 includes the tax effect on impairments and 
other credits. The income tax provision during the three months ended March 31, 2026 includes a $32 million tax 
benefit associated with a valuation allowance release.

See Footnote Table 1 for Reconciliation of Operating Income to Adjusted Operating Income.

See Footnote Table 3 for Reconciliation of Net Income to Adjusted Net Income.

 HALLIBURTON COMPANY
Condensed Consolidated Statements of Operations
(Millions of dollars and shares except per share data)
(Unaudited)

Six Months Ended

June 30, 

2026

2025

Revenue:

Completion and Production

$6,218

$6,291

Drilling and Evaluation

4,898

4,636

Total revenue

$11,116

$10,927

Operating income:

Completion and Production

$913

$1,044

Drilling and Evaluation

689

664

Corporate and other

(152)

(132)

SAP S4 upgrade expense

(88)

(62)

Impairments and other (charges) credits (a)

95

(356)

Total operating income

1,457

1,158

Interest expense, net

(165)

(178)

Other, net

(59)

(63)

Income before income taxes

1,233

917

Income tax provision (b)

(231)

(234)

Net income

$1,002

$683

Net income attributable to noncontrolling interest

(7)

(7)

Net income attributable to company

$995

$676

Basic and diluted net income per share

$1.19

$0.78

Basic weighted average common shares outstanding

836

862

Diluted weighted average common shares outstanding

838

862

(a)

See Footnote Table 2 for details of the impairments and other charges (credits) recorded during the six months ended 
June 30, 2026 and June 30, 2025.

(b)

The income tax provision during the six months ended June 30, 2026, includes the tax effect on impairments and other 
(charges) credits and a $32 million tax benefit associated with a valuation allowance release. The income tax provision 
during the six months ended June 30, 2025, includes the tax effect on impairments and other (charges) credits.

See Footnote Table 2 for Reconciliation of Operating Income to Adjusted Operating Income.

See Footnote Table 4 for Reconciliation of Net Income to Adjusted Net Income.

HALLIBURTON COMPANY
Condensed Consolidated Balance Sheets
(Millions of dollars)
(Unaudited)

June 30, 

December 31,

2026

2025

Assets

Current assets:

 

 

Cash and equivalents

$2,048

$2,206

Receivables, net

5,325

4,942

Inventories

3,056

2,976

Other current assets

1,453

1,274

Total current assets

11,882

11,398

Property, plant, and equipment, net

5,173

5,261

Goodwill

3,020

2,938

Deferred income taxes

2,331

2,298

Operating lease right-of-use assets

1,019

938

Other assets

2,403

2,177

Total assets

$25,828

$25,010

Liabilities and Shareholders' Equity

Current liabilities:

 

 

Accounts payable

$3,456

$3,133

Accrued employee compensation and benefits

681

767

Current portion of operating lease liabilities

287

263

Current maturities of long-term debt

90

—

Other current liabilities

1,373

1,425

Total current liabilities

5,887

5,588

Long-term debt

7,071

7,158

Operating lease liabilities

751

712

Employee compensation and benefits

413

428

Other liabilities

654

619

Total liabilities

14,776

14,505

Company shareholders’ equity

11,010

10,461

Noncontrolling interest in consolidated subsidiaries

42

44

Total shareholders’ equity

11,052

10,505

Total liabilities and shareholders’ equity

$25,828

$25,010

HALLIBURTON COMPANY
Condensed Consolidated Statements of Cash Flows
(Millions of dollars)
(Unaudited)

Six Months Ended

Three Months 
Ended

June 30, 

June 30, 

 

2026

2025

2026

Cash flows from operating activities:

Net income

$1,002

$683

$538

Adjustments to reconcile net income to cash flows from 
operating activities:

Depreciation, depletion, and amortization

591

561

296

Working capital (a)

(187)

100

65

Impairments and other charges (credits)

(95)

356

(95)

Other operating activities

(214)

(427)

20

Total cash flows provided by operating activities

1,097

1,273

824

Cash flows from investing activities:

Capital expenditures

(427)

(656)

(235)

Payments to acquire businesses

(107)

(162)

(10)

Purchases of equity investments

(101)

(345)

(101)

Purchases of investment securities

(93)

(115)

(91)

Proceeds from sales of property, plant, and equipment

121

89

79

Sales of investment securities

49

65

22

Sale of an equity investment

—

120

—

Other investing activities

(68)

(36)

(47)

Total cash flows used in investing activities

(626)

(1,040)

(383)

Cash flows from financing activities:

Stock repurchase program

(308)

(507)

(208)

Dividends to shareholders

(285)

(292)

(143)

Other financing activities

(26)

(12)

(31)

Total cash flows used in financing activities

(619)

(811)

(382)

Effect of exchange rate changes on cash

(10)

(2)

(14)

Increase (decrease) in cash and equivalents

(158)

(580)

45

Cash and equivalents at beginning of period

2,206

2,618

2,003

Cash and equivalents at end of period

$2,048

$2,038

$2,048

(a)

Working capital includes receivables, inventories, and accounts payable.

See Footnote Table 5 for Reconciliation of Cash Flows from Operating Activities to Free Cash Flow.

HALLIBURTON COMPANY
Revenue and Operating Income Comparison
By Operating Segment and Geographic Region
(Millions of dollars)
(Unaudited)

Three Months Ended

June 30, 

March 31, 

Revenue

2026

2025

2026

By operating segment:

Completion and Production

$3,202

$3,171

$3,016

Drilling and Evaluation

2,512

2,339

2,386

Total revenue

$5,714

$5,510

$5,402

By geographic region:

North America

$2,276

$2,259

$2,136

Latin America

1,123

977

1,090

Europe/Africa/CIS

1,017

820

858

Middle East/Asia

1,298

1,454

1,318

Total revenue

$5,714

$5,510

$5,402

Operating Income

By operating segment:

Completion and Production

$474

$513

$439

Drilling and Evaluation

338

312

351

Total operations

812

825

790

Corporate and other

(83)

(66)

(69)

SAP S4 upgrade expense

(46)

(32)

(42)

Impairments and other credits

95

—

—

Total operating income

$778

$727

$679

See Footnote Table 1 for Reconciliation of Operating Income to Adjusted Operating Income.

HALLIBURTON COMPANY
Revenue and Operating Income Comparison
By Operating Segment and Geographic Region
(Millions of dollars)
(Unaudited)

Six Months Ended

June 30, 

Revenue

2026

2025

By operating segment:

Completion and Production

$6,218

$6,291

Drilling and Evaluation

4,898

4,636

Total revenue

$11,116

$10,927

By geographic region:

North America

$4,412

$4,495

Latin America

2,213

1,873

Europe/Africa/CIS

1,875

1,595

Middle East/Asia

2,616

2,964

Total revenue

$11,116

$10,927

Operating Income

By operating segment:

Completion and Production

$913

$1,044

Drilling and Evaluation

689

664

Total operations

1,602

1,708

Corporate and other

(152)

(132)

SAP S4 upgrade expense

(88)

(62)

Impairments and other (charges) credits

95

(356)

Total operating income

$1,457

$1,158

See Footnote Table 2 for Reconciliation of Operating Income to Adjusted Operating Income.

FOOTNOTE TABLE 1
HALLIBURTON COMPANY
Reconciliation of Operating Income to Adjusted Operating Income
(Millions of dollars)
(Unaudited)

Three Months Ended

June 30, 

March 31, 

2026

2025

2026

Operating income

$778

$727

$679

Impairments and other charges (credits):

Gain on investments

(64)

—

—

Loss on sale of a business

17

—

—

Other

(48)

—

—

Total impairments and other credits (a)

(95)

—

—

Adjusted operating income (b) (c)

$683

$727

$679

(a)

During the three months ended June 30, 2026, Halliburton recognized a pre-tax credit of $95 million primarily due to a $54 
million gain resulting from changes in our ownership interest in an equity investment, and a $10 million gain from 
remeasuring an equity investment to fair value. Other credits of $48 million were primarily due to a government refund 
recovery. These gains were partially offset by a $17 million loss on the sale of a portion of our chemical business, which 
closed in April 2026.

(b)

Adjusted operating income is a non-GAAP financial measure which is calculated as: “Operating income” plus “Total 
impairments and other credits” for the respective periods. Management believes that operating income adjusted for 
impairments and other charges (credits) is useful to investors to assess and understand operating performance, especially 
when comparing those results with previous and subsequent periods or forecasting performance for future periods, primarily 
because management views the excluded items to be outside of the company's normal operating results. Management 
analyzes operating income without the impact of these items as an indicator of performance, to identify underlying trends in 
the business, and to establish operational goals. The adjustments remove the effect of these items.

(c)

We calculate operating margin by dividing operating income by revenue. We calculate adjusted operating margin, a non-
GAAP financial measure, by dividing adjusted operating income by revenue. Management believes adjusted operating 
margin is useful to investors to assess and understand operating performance.

FOOTNOTE TABLE 2
HALLIBURTON COMPANY
Reconciliation of Operating Income to Adjusted Operating Income
(Millions of dollars)
(Unaudited)

Six Months Ended

June 30, 

2026

2025

Operating income

$1,457

$1,158

Impairments and other charges (credits):

Gain on investments

(64)

—

Loss on sale of a business

17

—

Severance costs

—

107

Impairment of assets held for sale

—

104

Impairment of real estate facilities

—

53

Other

(48)

92

Total impairments and other charges (credits) (a)

(95)

356

Adjusted operating income (b) (c)

$1,362

$1,514

(a)

During the six months ended June 30, 2026, Halliburton recognized a pre-tax credit of $95 million primarily due to a 
$54 million gain resulting from changes in our ownership interest in an equity investment, and a $10 million gain from 
remeasuring an equity investment to fair value. Other credits of $48 million were primarily due to a government refund 
recovery. These gains were partially offset by a $17 million loss on the sale of a portion of our chemical business, 
which closed in April 2026. During the six months ended June 30, 2025, Halliburton recognized a pre-tax charge of 
$356 million as a result of severance costs, an impairment of assets held for sale, an impairment on real estate 
facilities, and other items, primarily related to legacy environmental remediation cost estimate increases.

(b)

Adjusted operating income is a non-GAAP financial measure which is calculated as: “Operating income” plus “Total 
impairments and other charges (credits)” for the respective periods. Management believes that operating income 
adjusted for impairments and other charges (credits) is useful to investors to assess and understand operating 
performance, especially when comparing those results with previous and subsequent periods or forecasting 
performance for future periods, primarily because management views the excluded items to be outside of the 
company's normal operating results. Management analyzes operating income without the impact of these items as an 
indicator of performance, to identify underlying trends in the business, and to establish operational goals. The 
adjustments remove the effect of these items.

(c)

We calculate operating margin by dividing operating income by revenue. We calculate adjusted operating margin, a 
non-GAAP financial measure, by dividing adjusted operating income by revenue. Management believes adjusted 
operating margin is useful to investors to assess and understand operating performance.

FOOTNOTE TABLE 3
HALLIBURTON COMPANY
Reconciliation of Net Income to Adjusted Net Income 
(Millions of dollars and shares except per share data)
(Unaudited)

Three Months Ended

June 30, 

March 31, 

2026

2025

2026

Net income attributable to company

$534

$472

$461

Adjustments:

Impairments and other credits (a)

(95)

—

—

Total adjustments, before taxes

(95)

—

—

Tax adjustment (b)

22

—

—

Total adjustments, net of taxes (c)

(73)

—

—

Adjusted net income attributable to company (c)

$461

$472

$461

Diluted weighted average common shares outstanding

838

857

839

Net income per diluted share (d)

$0.64

$0.55

$0.55

Adjusted net income per diluted share (d)

$0.55

$0.55

$0.55

(a)

See Footnote Table 1 for details of the impairments and other charges (credits) recorded during the three months ended 
June 30, 2026.

(b)

During the three months ended June 30, 2026, the tax adjustment includes the tax effect on impairments and other 
credits. 

(c)

Adjusted net income attributable to company is a non-GAAP financial measure which is calculated as: “Net income 
attributable to company” plus “Total adjustments, net of taxes” for the respective periods. Management believes net 
income adjusted for impairments and other credits, along with the tax adjustment, is useful to investors to assess and 
understand operating performance, especially when comparing those results with previous and subsequent periods or 
forecasting performance for future periods, primarily because management views the excluded items to be outside of the 
company's normal operating results. Management analyzes net income without the impact of these items as an indicator 
of performance to identify underlying trends in the business and to establish operational goals. Total adjustments remove 
the effect of these items.

(d)

Net income per diluted share is calculated as: “Net income attributable to company” divided by “Diluted weighted average 
common shares outstanding.” Adjusted net income per diluted share is a non-GAAP financial measure which is calculated 
as: “Adjusted net income attributable to company” divided by “Diluted weighted average common shares outstanding.” 
Management believes adjusted net income per diluted share is useful to investors to assess and understand operating 
performance.

FOOTNOTE TABLE 4
HALLIBURTON COMPANY
Reconciliation of Net Income to Adjusted Net Income 
(Millions of dollars and shares except per share data)
(Unaudited)
                  
Six Months Ended

June 30, 

2026

2025

Net income attributable to company

$995

$676

Adjustments:

Impairments and other charges (credits) (a)

(95)

356

Total adjustments, before taxes

(95)

356

Tax adjustment (b)

22

(43)

Total adjustments, net of taxes (c)

(73)

313

Adjusted net income attributable to company (c)

$922

$989

Diluted weighted average common shares outstanding

838

862

Net income per diluted share (d)

$1.19

$0.78

Adjusted net income per diluted share (d)

$1.10

$1.15

(a)

See Footnote Table 2 for details of the impairments and other charges (credits) recorded during the six months ended 
June 30, 2026 and June 30, 2025.

(b)

During the six months ended June 30, 2026 and June 30, 2025, the tax adjustment includes the tax effect on impairments 
and other charges (credits).

(c)

Adjusted net income attributable to company is a non-GAAP financial measure which is calculated as: “Net income 
attributable to company” plus “Total adjustments, net of taxes” for the respective periods. Management believes net 
income adjusted for the impairments and other charges (credits), along with the tax adjustment, is useful to investors to 
assess and understand operating performance, especially when comparing those results with previous and subsequent 
periods or forecasting performance for future periods, primarily because management views the excluded items to be 
outside of the company's normal operating results. Management analyzes net income without the impact of these items 
as an indicator of performance to identify underlying trends in the business and to establish operational goals. Total 
adjustments remove the effect of these items.

(d)

Net income per diluted share is calculated as: “Net income attributable to company” divided by “Diluted weighted average 
common shares outstanding.” Adjusted net income per diluted share is a non-GAAP financial measure which is calculated 
as: “Adjusted net income attributable to company” divided by “Diluted weighted average common shares outstanding.” 
Management believes adjusted net income per diluted share is useful to investors to assess and understand operating 
performance.

FOOTNOTE TABLE 5
HALLIBURTON COMPANY
Reconciliation of Cash Flows from Operating Activities to Free Cash Flow
(Millions of dollars)
(Unaudited)

Six Months Ended

Three Months Ended

June 30, 

June 30, 

2026

2025

2026

Total cash flows provided by operating activities

$1,097

$1,273

$824

Capital expenditures

(427)

(656)

(235)

Proceeds from sales of property, plant, and equipment

121

89

79

Free cash flow (a)

$791

$706

$668

(a)

Free Cash Flow is a non-GAAP financial measure which is calculated as “Total cash flows provided by operating activities” 
less “Capital expenditures” plus “Proceeds from sales of property, plant, and equipment.” Management believes that Free 
Cash Flow is a key measure to assess liquidity of the business and is consistent with the disclosures of Halliburton's 
direct, large-cap competitors.

Conference Call Details
Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, July 21, 
2026, to discuss its second quarter 2026 financial results. The call will begin at 8:00 
a.m. CT (9:00 a.m. ET).
Please visit the Halliburton website to listen to the call via live webcast. A recorded 
version will be available for seven days under the same link immediately following the 
conclusion of the conference call. You can also pre-register for the conference call and 
obtain your dial in number and passcode by clicking here.
CONTACTS
Investor Relations
David Coleman
[email protected]
281-871-2688
Media Relations
Alexandra Franceschi
[email protected]
281-871-2601