Halliburton Likely to Post Q4 Earnings Beat Driven by C&P Segment Revenue, UBS Says

MT Newswires Live12-17 04:22

Halliburton (HAL) is likely to post higher-than-expected fiscal Q4 earnings, driven by Completion and Production segment revenue and margins coming slightly better than the outlook midpoints, UBS said in a Monday research note.

The company is due to release Q4 results on Jan. 21, 2026.

A recovery in the fracturing market in H2 2026, along with Halliburton securing a 400 megawatt gas power capacity for 2028 delivery in collaboration with VoltaGrid, improves the company's forward outlook, analysts wrote. The brokerage said it expects C&P revenue to grow 1% in H2 2026.

Gas power capacity additions could lead to expenditures of $200 million to $300 million for the company between 2027 and 2028, analysts wrote.

UBS estimates Q4 EPS of $0.56 and also adjusted its fiscal 2026 and 2027 adjusted earnings before interest, taxes, depreciation, and amortization forecast to $4.13 billion and $4.60 billion, respectively, from $4.19 billion and $4.62 billion earlier.

The brokerage said it reiterated its neutral rating on the stock and price target of $32 per share.

Price: 27.19, Change: -1.22, Percent Change: -4.29

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