Halliburton Q4 Earnings Slip Despite Revenue Growth: HLN Stock Drops 5%

Halliburton Co. (HLN) reported a 12% decline in fourth-quarter earnings per share to $1.08, missing analysts’ expectations of $1.13, as higher operating costs and weaker downstream margins weighed on profitability. The results were released on January 21, 2026, following the market close. Revenue rose 7% year-over-year to $6.9 billion, driven by increased activity in North America and international markets. However, adjusted EBITDA fell 9% to $1.5 billion, reflecting rising input costs and project delays. Management cited ongoing supply chain constraints and elevated labor expenses as key headwinds. Shares dropped 5% in after-hours trading, reversing gains from earlier in the day. The company maintained its full-year guidance for 2026, projecting revenue between $27.5 billion and $28.5 billion.