Why Halliburton (HAL) Is Up After Beating Q3 Estimates and Launching VoltaGrid Partnership

• Earlier this week, Halliburton reported third-quarter 2025 results with adjusted earnings and revenue exceeding market expectations, despite headline net income being impacted by impairment charges, and announced a major partnership with VoltaGrid to deliver lower-emission power generation solutions for data centers in the Middle East.
• This move signals Halliburton's ongoing expansion beyond traditional oilfield services as it increases focus on technology-driven, sustainable energy infrastructure amid evolving global demand.
• We'll examine how Halliburton's VoltaGrid partnership for data center power solutions reshapes the company's investment narrative and growth prospects.

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Halliburton Investment Narrative Recap

To own Halliburton today, investors need to believe in the company's ability to capitalize on global energy demand while managing the ongoing shift toward decarbonization and new technologies. The recent VoltaGrid partnership signals deeper diversification into sustainable infrastructure but does not materially alter the near-term primary catalyst: Halliburton’s exposure to international market growth versus the risk of a slowdown in North American oilfield services revenue, which remains a critical vulnerability.

Of Halliburton's recent announcements, the new Petrobras contracts in Brazil’s deepwater fields stand out. These contracts reinforce the company's international expansion and underscore its ability to secure large-scale, technology-driven projects, which is especially relevant as international markets are increasingly identified as a growth driver in contrast to softer conditions at home.

By contrast, what investors should be aware of is how deeper exposure to international growth could leave Halliburton facing...

Read the full narrative on Halliburton (it's free!)

Halliburton's narrative projects $22.1 billion in revenue and $2.0 billion in earnings by 2028. This requires a 0.2% annual revenue decline and a $0.1 billion earnings increase from the current $1.9 billion.

Uncover how Halliburton's forecasts yield a $27.04 fair value, in line with its current price.

Exploring Other Perspectives

Simply Wall St Community members provided 11 fair value estimates for Halliburton, ranging from US$20 to US$43 per share. While you weigh these diverse opinions, remember the importance of Halliburton’s international expansion as a guide for its future growth potential.

Explore 11 other fair value estimates on Halliburton - why the stock might be worth as much as 58% more than the current price!

Build Your Own Halliburton Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Halliburton research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.
• Our free Halliburton research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Halliburton's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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