Halliburton on track to meet street expectations in Q3, UBS says
UBS expects Halliburton to report Q3 adjusted EBITDA of $1.03B, matching estimates, with revenue at $5.58B. EPS is forecast at $0.58, slightly below consensus. UBS notes working capital headwinds and higher mobilization costs. Q4 growth is expected at 2%, with adjusted EBITDA of $1.08B. Halliburton is exploring re-entry into Venezuela. UBS raised FY27-FY28 EBITDA estimates slightly and maintained a $42 price target.
How this was made
The 30-second read
Why it matters
Recap of previously released guidance; no new material data.
Market read
Guidance aligns with consensus, offering little new trading impetus.
What to watch
Potential upside from Saudi/Argentina frac crew mobilization if costs normalize.
Background
UBS analyst preview of Halliburton's Q3 results and FY27/28 outlook.
Ticker impact
UBS preview notes HAL Q3 adjusted EBITDA $1.03B in line with estimates and forecasts revenue $5.58B.
minimal movement expected
No new information beyond previously released guidance; market already priced expectations.
Market effects
Oilfield services sector sees no fresh catalyst.
U.S. energy services market unchanged.
Limited global impact.
Counterpoint
If investors anticipate higher margins, HAL could rally on optimism.
Key entities
- companyHalliburton Company
U.S. oilfield services provider.
- analystUBS
Investment bank providing the forecast.
