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Halliburton HAL Completion And Production — Cost, Direct Labor

Other segment segments

Drilling And Evaluation
$487M+4.3%

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$15.89M-40.9%
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$6M+20.0%
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$290.8M+11.8%
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OISCompletion and Production Services — Total Costs & Expenses
$18.01M-41.9%
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$18.1M+9.4%

Other financials

Income statement

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Revenue$5.4B-0.3%
Operating income$679.0M+57.5%
Net income$461.0M+126%
EPS (diluted)$0.55+129%

Balance sheet

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Cash & equivalents$2.0B+11.0%
Total debt$8.1B-5.7%
Total equity$10.8B+4.0%
Total assets$25.1B-0.1%

Cash flow

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Operating cash flow$273.0M-27.6%
CapEx$192.0M-36.4%
Free cash flow$81.0M+8.0%

Valuation

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Market cap$28.58B+60.0%
Enterprise value$34.66B+42.1%
P/E18.6×+9.0×
P/S1.3×+0.5×

Profitability

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Gross margin81.4%
Operating margin11.3%-3.2pp
Net margin6.9%-2.4pp
FCF margin7.6%-2.8pp

Returns & leverage

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Return on equity14.6%-6.4pp
Debt / equity0.7×-0.1×
Current ratio2.1×+0.1×

Where this comes from

Reported directly by Halliburton in its filing.

Tagged under the XBRL concept us-gaap:CostDirectLabor.

The official record: Halliburton’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Halliburton's completion and production — cost, direct labor?
Halliburton (HAL) reported completion and production — cost, direct labor of $479M in Q1 2026.
How has Halliburton's completion and production — cost, direct labor changed year-over-year?
Halliburton's completion and production — cost, direct labor increased by 1.1% year-over-year, from $474M to $479M.
What is the long-term trend for Halliburton's completion and production — cost, direct labor?
Over 3 years (2022 to 2025), Halliburton's completion and production — cost, direct labor has grown at a 5.9% compound annual growth rate (CAGR), from $1.61B to $1.92B.
What does completion and production — cost, direct labor mean?
The total compensation, including wages and benefits, paid to field personnel and staff directly involved in the delivery of Completion and Production services. This metric reflects the labor intensity of the segment's operations. It is sensitive to wage inflation, headcount requirements, and the complexity of the services provided.