Halliburton reported higher second quarter 2026 sales, revenue, net income, and earnings per share compared to the same period last year, while continuing its share repurchase program. The stock closed at $32.25, with a 90-day share price return of negative 22.6%, even as the one-year total shareholder return reached 52.8%. A widely followed narrative pegs Halliburton's fair value at $44.24, suggesting the stock is undervalued, supported by international diversification and growth in regions like Latin America, Africa, and the Middle East. Investors are cautioned that faster renewable adoption or tighter emissions rules could curb long-term oilfield spending and challenge the undervalued thesis.
Halliburton CompanyQ2 earnings beat and continued buybacks are positive for Halliburton.