Halliburton Gives Early 2027 View: Mid-Single-Digit Growth, Margin Near 15%, No North America Frac Recovery Needed
CEO Jeff Miller said the plan treats a North American fracking rebound as upside, and the CFO laid out where the margin gain comes from.
Halliburton's chairman, president and CEO, Jeff Miller, said on the company's third-quarter earnings call that his early view of 2027 is revenue growth in the mid-single digits and operating margins that expand about 200 basis points (two percentage points), to about 15%. He said the plan "does not require any recovery in North America frac" and added, "To us, it is purely upside."
What management said about 2027
Miller told analysts he gave the outlook early because he wanted to help investors
The fourth-quarter guidance of earnings per share of about 62 to 64 cents, and the planned fourth-quarter startup of the first Zeus fleet in Argentina, are the next checkpoints management named.
