Apr. 21 at 11:17 AM
$HAL
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Net income of
$0.55 per diluted share.
Revenue of
$5.4 billion and operating margin of 13%.
Cash flow from operations of
$273 million and free cash flow1 of
$123 million.
Approximately
$100 million of share repurchases.
Completion and Production revenue in the first quarter of 2026 was
$3.0 billion, a decrease of
$104 million, or 3%, when compared to the first quarter of 2025, while operating income was
$439 million, a decrease of
$92 million, or 17%, when compared to first quarter of 2025.
Drilling and Evaluation revenue in the first quarter of 2026 was
$2.4 billion, an increase of
$89 million, or 4%, when compared to the first quarter of 2025, while operating income was
$351 million, flat when compared to the first quarter of 2025.
In the first quarter of 2026, the geopolitical conflict in the Middle East affected both divisions, with an impact of approximately 2 to 3 cents of net income per diluted share.
