HAL
HALLIBURTON COEvidence as of 2026-10-13The desk's Snapshot
3 of 15 open to everyone · members see allRead the full desk report on HAL
Seven analysts, the debate, the risk review, every claim cited. And the same for every name you hold.
Free plan, no credit card required. Silver opens the full report, $19.99 a month. AI-written · every claim cites a source · Insight, not advice.
Overview · HALLIBURTON CO
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions…
Management team
- Ms. Summer Condarco · Senior VP and Chief Health, Safety & Environment (HSE) OfficerFind on LinkedIn
- Mr. Shannon Slocum · President of Eastern HemisphereFind on LinkedIn
- Mr. Mark J. Richard · President of Western HemisphereFind on LinkedIn
- Mr. Van H. Beckwith J.D. · Executive VP, Secretary & Chief Legal OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.0 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The surviving record, judged as Mixed ( -0.0 of a possible +2 ) with high confidence, finds that Halliburton’s reported operating and reported earnings improved across the recent fiscal quarters: operating income rose from 356,000,000 in Q3 2025 (fiscal quarter ended 2025-10-17) to 679,000,000 in Q1 2026 (fiscal quarter ended 2026-04-17) and 778,000,000 in Q2 2026 (fiscal quarter ended 2026-07-17), while reported net income moved from 18,000,000 in Q3 2025 to 461,000,000 in Q1 2026 and 534,000,000 in Q2 2026. Diluted EPS likewise increased from 0.02 in Q3 2025 to 0.55 in Q1 2026 and 0.64 in Q2 2026.
Balance-sheet and cash metrics are largely stable in the sampled periods: long-term debt sits near 7.07 billion, cash and equivalents hover around 2.0 billion, and trailing twelve‑month FCF is 150,000,000 versus a market capitalization of 27,160,049,964 (price‑to‑FCF 182.13). Market and ownership signals are mixed as well: 12‑1 momentum is strong at +61.0% while six‑month momentum is -15.2%, institutional 13F holdings totaled 25.23 billion as of 2026-06-30 (down 10.1% qoq), and trailing twelve‑month dividend yield is 2.09%.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Entity common shares outstanding reported as 852,602,102 as of 18 July 2025 and declined to 841,626,610 as of 17 October 2025, 837,548,345 as of 30 January 2026, 835,397,735 as of 17 April 2026, and 833,130,367 as of 17 July 2026.
XBRL companyfacts · 0000045012-25-000057Reported net income for the fiscal quarters: 18,000,000 for Q3 2025 (2025-07-01 to 2025-09-30, 3mo), 461,000,000 for Q1 2026 (2026-01-01 to 2026-03-31, 3mo), and 534,000,000 for Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000045012-25-000069Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the year ended December 31, 2025, the company reported total revenue of $22.2 billion, a 3% decrease from 2024.
10-K filed 2026-02-06For the year ended December 31, 2025, total company operating income was $2.3 billion and included impairments and other charges of $831 million.
10-K filed 2026-02-06Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Momentum measured as the 12-1 factor is +61.0% and ranks in the 87th percentile of the research universe on 2026-10-12.
Moneyta signal set · 2026-10-12weakened in debateSix-month momentum is -15.2% and ranks in the 17th percentile of the research universe on 2026-10-12, indicating weak recent intermediate-term price performance relative to peers.
Moneyta signal set · 2026-10-12weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings totaled $25.23B as of 2026-06-30 and the total reported value fell by 10.1% quarter-over-quarter.
13F holdings · 1210 filers · as of 2026-06-30Among top 13F holders reported as of 2026-06-30, BlackRock, Inc. held $2.81B (down 13.6% qoq), State Street Corp held $1.93B (down 9.0% qoq), and Vanguard Capital Management LLC held $1.76B (down 12.7% qoq).
13F holdings · 1210 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
An article published 10 October 2026 reports Halliburton engaged with the Argentine Federal Authority and confirmed it will not perform work on the Malvinas Islands Sea Lion project or conduct hydrocarbon activities in or around the area.
News · simplywall.st · 2026-10-10A 9 October 2026 headline notes the company’s Argentina clarification and frames that clarification as easing investor concern about Halliburton’s involvement in the Sea Lion project.
News · simplywall.st · 2026-10-09Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Jeffrey Allen Miller (Director, President & CEO) sold 124,483 shares for $4.4M on 2026-08-18 under a stated 10b5-1 plan.
Form 4 · Miller Jeffrey Allen (Director, President & CEO) · $4.4M sold · 2026-08-18Eric Carre (EVP & Chief Financial Officer) sold 24,777 shares for $929k on 2026-08-31 under a stated 10b5-1 plan.
Form 4 · Carre Eric (EVP & Chief Financial Officer) · $929k sold · 2026-08-31Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model-derived implied free cash flow (FCF) growth rate that today's price would justify is 74.31% (implied_growth = 0.7431).
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month FCF is $150,000,000 while the market capitalization is $27,160,049,964, producing a price-to-FCF of 182.13 and FCF per share of $0.179.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-level metrics in the record jointly support a favorable read: operating income, net income, and diluted EPS rose materially across the quarters cited (fundamentals-2, fundamentals-1, fundamentals-3), while shares outstanding declined and management executed meaningful buybacks in 2025 (fundamentals-0, filings-3), which together amplify per-share profitability. Trailing profitability and valuation slices show positive operating profit, EBITDA and an EV/EBITDA multiple in the mid-single-digits (valuation-5, valuation-3), and the company maintains a visible dividend with multi-year growth (market-4), which align with principles that improving margins and share-count reduction can strengthen per-share fundamentals. Market-sensitivity metrics show low beta and weak correlation to the S&P 500 (market-2), which supports a claim of lower index-driven exposure versus peers; this can mitigate some concerns raised by broader market drawdowns or sector moves. The bear points about stretched price implied FCF growth and recent institutional reductions deserve scrutiny (valuation-0, valuation-1, ownership-0, ownership-1), but those valuation distortions may reflect near-term FCF timing and non-cash DDA versus GAAP EPS—so the company-level cash flow and profitability profile (valuation-3, valuation-5, fundamentals-1/2/3) provide context that weakens a singular FCF-based bear case.
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.29
38 surviving claims rest on 20 distinct sources; the heaviest analyst carries 16% of them, and 97% of what the desk raised survived the debate.
The set of surviving claims is supported by a moderate spread of sources, with a single analyst contributing a noticeable but not dominant share of influence; this gives the read some resilience but leaves it exposed if that analyst’s inputs change. The very high survival rate through internal debate indicates strong internal consensus on the extracted facts, so the desk can treat these claims as actionable inputs for research — but weight should be tempered because a small number of sources still control concentrated elements of the narrative.
Peer context · computed, not argued
12-1 momentum ranks 1st of 2 in Oil & Gas Equipment & Services (as of 2026-10-12).
90-day volatility ranks 2nd of 2 in Oil & Gas Equipment & Services (as of 2026-10-12).
dividend yield ranks 2nd of 2 in Oil & Gas Equipment & Services (as of 2026-10-12).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
11 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.7 to the score
10 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.3 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.0 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis−0.5 to the score
5 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
4 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot+0.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on HAL Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Get this for the names you actually hold
Every name in your portfolio, researched the same way, plus the one thing no sample can show: how each one sits inside what you already own.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.