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Halliburton HAL Drilling And Evaluation — Operating Expenses

Other segment segments

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$2.58B-0.5%

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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:OperatingExpenses.

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 drilling and evaluation — operating expenses?
Halliburton (HAL) reported drilling and evaluation — operating expenses of $2.04B in Q1 2026.
How has Halliburton's drilling and evaluation — operating expenses changed year-over-year?
Halliburton's drilling and evaluation — operating expenses increased by 4.6% year-over-year, from $1.95B to $2.04B.
What is the long-term trend for Halliburton's drilling and evaluation — operating expenses?
Over 3 years (2022 to 2025), Halliburton's drilling and evaluation — operating expenses has grown at a 2.6% compound annual growth rate (CAGR), from $7.42B to $8.02B.
What does drilling and evaluation — operating expenses mean?
The total sum of all costs incurred to operate the Drilling and Evaluation segment, including direct materials, labor, and overhead. This represents the total cost base required to sustain the segment's revenue.