Halliburton Co

HAL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Halliburton Earnings: Better-Than-Expected Performance Drives Slightly Higher Reappraisal

Joshua Aguilar

Jan 21, 2026

Halliburton reported third-quarter revenue of $5.66 billion, up roughly 1% year on year and 1% sequentially, while the adjusted operating margin of 15% was a surprise to the upside. The stock rose 3% during the trading day, which we attribute to both results and management's commentary.

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Halliburton Co

Halliburton Earnings: Better-Than-Expected Performance Drives Slightly Higher Reappraisal

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