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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Arun Jayaram | JPMorgan | 12 | 0% |
| Saurabh Pant | Bank of America | 12 | 0% |
| Steve Gengaro | Stifel | 12 | 17% |
| David Anderson | Barclays | 12 | 8% |
| Neil Mehta | Goldman Sachs | 10 | 10% |
| Scott Gruber | Citigroup | 10 | 10% |
| Marc Bianchi | TD Cowen | 8 | 38% |
| Derek Podhaizer | Piper Sandler | 8 | 0% |
| Douglas Becker | Capital One Securities | 7 | 0% |
| Roger Read | Wells Fargo | 6 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Bank of America | 1 | 12 | 0% |
| Barclays | 1 | 12 | 8% |
| JPMorgan | 1 | 12 | 0% |
| Stifel | 1 |
| 12 |
| 17% |
| Goldman Sachs | 1 | 10 | 10% |
| Citigroup | 1 | 10 | 10% |
| Piper Sandler | 1 | 8 | 0% |
| TD Cowen | 1 | 8 | 38% |
Halliburton posted Q1 revenue of $5.2 billion, down 4% year-over-year, as international markets declined 5% with continued weakness in Saudi Arabia and Mexico offsetting gains in West Africa and Southeast Asia. North America grew 1% sequentially as Zeus fleet deployments stabilized activity levels, and D&E margins held at 19.2% reflecting cost discipline. Management reiterated its flat-to-modest international growth outlook for 2026 while highlighting that OPEC+ production decisions and tariff uncertainty remained key variables for the second half.
Demand | Geographic Expansion | Competitive Dynamics | Innovation & R&D | Margin | Pricing | Cloud & AI | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 3 | 2 | 7 | 3 | 4 | 2 | |
| 2025Q1 | 7 | 5 | 4 | 4 | 5 | 2 | 1 | 3 |
| 2025Q2 | 7 | 5 | 4 | 2 | 6 | 4 | 3 | |
| 2025Q3 | 8 | 7 | 7 | 5 | 1 | 1 | 7 | 2 |
| 2025Q4 | 9 | 6 | 4 | 3 | 3 | 2 | 3 | 2 |
| 2026Q1 | 11 | 8 | 4 | 3 | 1 | 3 | 2 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 7 | 7 | 8 | 9 | 11 |
| Geographic Expansion | 3 | 5 | 5 | 7 | 6 | 8 |
| Competitive Dynamics | 2 | 4 | 4 | 7 | 4 | 4 |
| Innovation & R&D | 7 | 4 | 2 | 5 | 3 | 3 |
| Margin | 3 | 5 | 6 | 1 | 3 | 1 |
| Pricing | 4 | 2 | 4 | 1 | 2 | 3 |
| Cloud & AI | 2 | 1 | 7 | 3 | 2 | |
| Macroeconomic | 3 | 3 | 2 | 2 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HAL Halliburton | 4 | -0.3% | |
| BKR Baker Hughes | 6 | +2.5% | |
| SLB Schlumberger | 2 | +2.7% |