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Halliburton HAL Completion And Production — Cost, Direct Material

Other segment segments

Drilling And Evaluation
$913M+3.5%

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$58.89M+8.4%
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RESTechnical Service — Cost Direct Material
$148.49M+99.4%
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OISCompletion and Production Services — Total Costs & Expenses
$18.01M-41.9%

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:CostDirectMaterial.

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 material?
Halliburton (HAL) reported completion and production — cost, direct material of $1.27B in Q1 2026.
How has Halliburton's completion and production — cost, direct material changed year-over-year?
Halliburton's completion and production — cost, direct material decreased by 2.2% year-over-year, from $1.3B to $1.27B.
What is the long-term trend for Halliburton's completion and production — cost, direct material?
Over 3 years (2022 to 2025), Halliburton's completion and production — cost, direct material has grown at a -1.3% compound annual growth rate (CAGR), from $5.57B to $5.36B.
What does completion and production — cost, direct material mean?
The direct costs associated with the raw materials, chemicals, and consumables used in delivering Completion and Production services. This includes items like proppants, cement additives, and completion fluid components. Fluctuations in this metric are often driven by commodity price changes and the volume of service activity.