Halliburton stock gains on solid Q2 2026 results and strong share performance

Halliburton stock trades near the upper end of its recent range after Q2 2026 revenue rose about 4 percent and earnings per share improved, while the share price has climbed more than 30 percent year to date.

Halliburton stock (ISIN US4062161017) is trading at 37.07 dollars as of September 4, 2026, close to the upper end of its recent range after the oilfield services group reported higher revenue and earnings for Q2 2026 and delivered a strong share performance year to date.

Q2 2026 figures show revenue and profit growth

According to a summary of Halliburton's latest Form 10-Q filing for Q2 2026, the company generated revenue of 5.7 billion dollars in the quarter, an increase of about 4 percent compared with Q2 2025, highlighting continued demand for its oilfield services and technology offerings. The same 10-Q overview notes that operating income rose to 778 million dollars, reflecting improved margins and cost discipline in the business.

Net income attributable to Halliburton reached 534 million dollars in Q2 2026, corresponding to earnings per share of 0.64 dollars, compared with 472 million dollars and 0.55 dollars per share in Q2 2025; this represents roughly 13.1 percent growth in net profit and an increase of 0.09 dollars per share year on year. The filing summary also highlights that for the first six months of 2026, Halliburton generated 11.1 billion dollars of revenue and 995 million dollars of net income attributable to the company, supported by a lower effective tax rate of 18.7 percent and a 95 million dollar pre tax credit versus prior year charges.

Cash generation, shareholder returns and balance sheet

Halliburton's cash generation in the first half of 2026 provides additional context for investors evaluating the stock. Based on the same Q2 2026 10-Q summary, operating cash flow for the six month period amounted to 1.10 billion dollars, which funded 427 million dollars of capital expenditures to support future growth projects. The overview indicates that Halliburton returned capital to shareholders via 285 million dollars of dividends and 308 million dollars of share repurchases in the same period, while still ending the half year with 2.05 billion dollars of cash and 3.5 billion dollars of undrawn revolver capacity.

This combination of higher earnings, solid cash generation and active capital returns underpins the investment case many analysts see in Halliburton stock. Market data compiled by a stock portal shows that Halliburton's share price has advanced 32.99 percent year to date as of September 4, 2026, and 68.32 percent over the past twelve months, significantly outpacing the S&P 500 index, which rose 12.75 percent year to date and 18.71 percent over the same one year period. The performance table underscores that while Halliburton's three year return of 0.11 percent lags the broader index, the recent one year and year to date momentum has been very strong.

Stock valuation, range and consensus view

From a valuation and trading perspective, one recent market overview reports that Halliburton shares opened at 37.05 dollars on September 5, 2026, placing the current price close to that level and indicating a relatively tight trading range around the mid to high 30 dollar area in recent sessions. The same MarketBeat overview notes that the consensus rating on Halliburton stock among analysts is described as Moderate Buy, with a consensus price target of 43.10 dollars; compared with the recent price of about 37 dollars, this implies an upside potential of close to 16.4 percent if the consensus target is achieved.

In addition, this analyst data points to previous quarterly performance, with Halliburton reported to have delivered revenue of 5.71 billion dollars in a recent quarter compared with consensus estimates of 5.50 billion dollars, representing about 3.7 percent year on year growth and a modest beat versus expectations. Earnings per share of 0.55 dollars in that earlier period exceeded consensus by 0.01 dollars, and analysts forecast full year earnings of around 2.34 dollars per share for the current fiscal year. For income oriented investors, Halliburton maintains a quarterly dividend of 0.17 dollars per share, corresponding to an annualized dividend of 0.68 dollars and a yield near 1.8 percent at the current share price, with a payout ratio of about 35.60 percent based on these earnings figures.

Oilfield services and technology offering

Halliburton Company, headquartered in Houston, is one of the largest global providers of products and services to the energy industry, with operations spanning well construction, completion, production optimization and reservoir evaluation. Its portfolio encompasses technologies for drilling and completion fluids, cementing, wireline and perforating services, and digital solutions designed to help customers plan and execute complex oil and gas projects more efficiently.

A key part of Halliburton's offering is its integrated well services and reservoir characterization solutions, which allow exploration and production companies to design wells, manage pressure and optimize recovery from reservoirs. These offerings are supported by software platforms and digital tools that help analyze geological data and plan field development, linking hardware at the well site with advanced analytics.

Halliburton stock price level and recent returns

As of the close on September 4, 2026, Halliburton stock trades at 37.07 dollars on the New York Stock Exchange, with the share price essentially unchanged on that day and a recent daily move of about minus 0.59 percent compared with the previous session. Over a longer horizon, the stock has delivered strong performance: year to date, the share price has gained 32.99 percent, and over the past twelve months it has risen 68.32 percent, markedly ahead of the broader S&P 500 index over the same periods.

Halliburton stock at a glance

• Company: Halliburton Company
• ISIN: US4062161017
• Ticker: HAL
• Trading venue: NYSE
• Price (as of September 4, 2026, 16:00): 37.07 USD
• Market capitalization: [value] USD (as of September 4, 2026)
• Sector / Industry: Energy equipment and services
• Index membership: S&P 500