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FY2026 Q2
개선
Halliburton Company 실적 발표
Buzzberg 분석
International revenue highest in decade despite Middle East disruption
Halliburton reported solid Q2 2026 with total revenue of $5.7B, international up 6% YoY and North America flat sequentially. Management struck a bullish tone on international growth driven by multi-year contract wins (YPF, TotalEnergies, Iraq) and steady recovery in North America. Guidance pointed to sequential margin expansion in both segments, while Middle East dynamics remain fluid. International revenue reached $3.4B, highest second quarter in a decade, despite Middle East disruption.
Buzzberg 분석 International revenue highest in decade despite Middle East disruption Halliburton reported solid Q2 2026 with total revenue of $5.7B, international up 6% YoY and North America flat sequentially. Management struck a bullish tone on international growth driven by multi-year contract wins (YPF, TotalEnergies, Iraq) and steady recovery in North America. Guidance pointed to sequential margin expansion in both segments, while Middle East dynamics remain fluid. International revenue reached $3.4B, highest second quarter in a decade, despite Middle East disruption. 전체 분석 보기분석 접기
Halliburton reported solid Q2 2026 with total revenue of $5.7B, international up 6% YoY and North America flat sequentially. Management struck a bullish tone on international growth driven by multi-year contract wins (YPF, TotalEnergies, Iraq) and steady recovery in North America. Guidance pointed to sequential margin expansion in both segments, while Middle East dynamics remain fluid. International revenue reached $3.4B, highest second quarter in a decade, despite Middle East disruption.
- North America revenue $2.3B, flat YoY but improving with white space filled and 30+ rigs added.
- Key contract wins: YPF multi-year Zeus fleet, TotalEnergies Suriname, integrated field management award in Iraq.
- Q3 guidance: C&P revenue flat/down 2% with margin up 125-175 bps; D&E revenue down 3-5% with margin up 25-75 bps.
매출$5.714B+6% 전분기 대비
주당순이익(EPS)$0.55+0% 전분기 대비
매출총이익률14.07%보고값
영업이익률13.62%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
Guidance
Expect international outside Middle East to grow low double digits
Demand
North America white space filled, positive Q3 trajectory
핵심 내용 3개 더 보기
Guidance
International growth engines $2.5-3B target ahead of schedule
Risk
Middle East activity steady in guidance, no recovery assumed
Capex
Full year 2026 capex expected about $1.1 billion
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| 매출 | $5.714B | +6% 전분기 대비 |
| 주당순이익(EPS) | $0.55 | +0% 전분기 대비 |
| 매출총이익률 | 14.07% | 보고값 |
| 영업이익률 | 13.62% | 보고값 |
| 잉여현금흐름 | $0.589B | 보고값 |
| 자본지출 | $0.235B | 보고값 |
향후 전망
향후 가이던스
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| 자본지출 | FY2026 | $1.1B | $1.1B | 제시 |
AI, 자본지출 및 수요 분석
경영진 분석
confident
Management expressed strong optimism about international growth opportunities and North America recovery, while acknowledging the fluid situation in the Middle East, maintaining a confident overall tone.
경영진의 AI 분석
Management noted AI is part of their strategic focus in open architecture and deep data management, but no specific demand, adoption, or monetization details were discussed.
투자 및 생산능력
Management expects full year 2026 capital expenditures to be about $1.1 billion, with no shift towards data centers or fabs.
아래에 언급된 기업 5개 모두 표시
기업발표 이후 수익률
고객
고객
Shannon Slocum
Halliburton secured a large multi-year unconventional contract with YPF in Argentina, deploying its Zeus electric frac fleet, signaling strong demand and long-term commitment from YPF.
근거
“Argentina with YPF, Bigwin multi-year, multi-billion with Zeus. Going back to Aramco and Jafura, and if you kind of look at the big markets out there, Argentina”
고객
Shannon Slocum
Halliburton won a significant offshore contract with TotalEnergies in Suriname, adding to its deepwater footprint in the region.
근거
“Just announced a really sizable win with Total Energies in Suriname. We still have a great footprint with Guyana there.”
공급망
공급망
Shannon Slocum
Very little capacity at all in the market on gas substitution, zero at all on electric for North America frac fleets, giving pricing power to operators of electric spreads like Halliburton's Zeus. — Tight supply of electric frac equipment supports pricing and utilization for Halliburton and may pressure competitors lacking such technology.
근거
“Very little capacity at all in the market on gas substitution, zero at all on electric.”
공급망
Shannon Slocum
Over 30 rigs being added in North America, supporting drilling activity and D&E segment growth. — Rig additions signal a sustained recovery in North America drilling that benefits equipment and service providers.
근거
“We're also seeing pretty significant rig ads here. Over 30 plus rigs being added to North America.”
외부 신호
공급망 알파 · 2발표 이후 수익률
Very little capacity at all in the market on gas substitution, zero at all on electric for North America frac fleets, giving pricing power to operators of electric spreads like Halliburton's Zeus.
Over 30 rigs being added in North America, supporting drilling activity and D&E segment growth.
방법론 및 범위
경영진 발언만 분석합니다. 검증된 기업 언급 5개를 모두 표시하며, 보고 실적과 향후 가이던스를 분리합니다. 공개 근거는 화자가 표시된 짧은 인용문 8개로 제한됩니다. AI 분석은 불완전하거나 틀릴 수 있으므로 중요한 주장은 원문에서 확인하세요.