Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Halliburton Company reported its third-quarter 2025 financial results, reflecting both edges of volatility in the current global oil and gas market.</li><li>The company posted a revenue of $5.6 billion, a 2% increase from the previous quarter.</li><li>However, this performance is set against a slightly complex backdrop of contrasting conditions across North America and international markets.</li></ul>

Halliburton Company reported its third-quarter 2025 financial results, reflecting both edges of volatility in the current global oil and gas market.The company posted a revenue of $5.6 billion, a 2% increase from the previous quarter.However, this performance is set against a slightly complex backdrop of contrasting conditions across North America and international markets.

Halliburton Company: Expansion in International Drilling & Evaluation Services & Key Growth Levers!

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Halliburton’s strong Q3 earnings and strategic entry into the data-centre power market have fueled a sharp rally, underscoring investor confidence in its evolving growth strategy.</li>
<li>Halliburton’s partnership with VoltaGrid marks a strategic shift away from reliance on oil and gas and positions the company to tap into the rapidly expanding data-centre segment. </li>
<li>Halliburton’s strong performance sets a positive tone for upcoming oil and gas earnings, signalling resilient drilling activity, steady investment discipline, and higher margins and price realisations.</li>
</ul>


Halliburton’s strong Q3 earnings and strategic entry into the data-centre power market have fueled a sharp rally, underscoring investor confidence in its evolving growth strategy.
Halliburton’s partnership with VoltaGrid marks a strategic shift away from reliance on oil and gas and positions the company to tap into the rapidly expanding data-centre segment. 
Halliburton’s strong performance sets a positive tone for upcoming oil and gas earnings, signalling resilient drilling activity, steady investment discipline, and higher margins and price realisations.


Halliburton Lights the Way: A Strong Q3 Sparks Optimism Across the Oil Patch

<ul><li>Halliburton's second quarter of 2025 presented a mixed financial and operational performance, with notable challenges and some opportunities.</li><li>Despite volatile commodity markets and global economic uncertainties, the company reported a 2% increase in total revenue, reaching $5.5 billion compared to the first quarter of 2025.</li><li>Operating income totaled $727 million, yielding an operating margin of 13%.</li></ul>

Halliburton's second quarter of 2025 presented a mixed financial and operational performance, with notable challenges and some opportunities.Despite volatile commodity markets and global economic uncertainties, the company reported a 2% increase in total revenue, reaching $5.5 billion compared to the first quarter of 2025.Operating income totaled $727 million, yielding an operating margin of 13%.

Halliburton Company: Will The Management Focus on Artificial Lift & Related Technologies Support Its Overall Growth?

<ul>
<li>Halliburton’s Q2 2025 revenue is expected to drop 0.2% QoQ and 7.2% YoY. Similarly, its EPS is projected to drop 6.7% QoQ and 30% YoY.</li>
<li>SLB’s Q2 update highlights a slowdown in key international markets, potentially foreshadowing similar headwinds for Halliburton’s global operations.</li>
<li>Options positioning and technical signals point to a neutral-to-bearish market stance ahead of Q2 results.</li>
</ul>


Halliburton’s Q2 2025 revenue is expected to drop 0.2% QoQ and 7.2% YoY. Similarly, its EPS is projected to drop 6.7% QoQ and 30% YoY.
SLB’s Q2 update highlights a slowdown in key international markets, potentially foreshadowing similar headwinds for Halliburton’s global operations.
Options positioning and technical signals point to a neutral-to-bearish market stance ahead of Q2 results.


[Earnings Preview] Halliburton Set to Slip on Q2 Disappointments as Drilling Slows

<ul><li>Halliburton Company's first-quarter 2025 financial performance presented a picture of mixed results, amid dynamic and shifting market conditions, impacting its regional operations, revenues, and strategic outlook.</li><li>The company reported total revenue of $5.4 billion and an adjusted operating margin of 14.5%.</li><li>A significant highlight from this quarter emanated from international markets, where revenue dipped to $3.2 billion, largely impacted by a 19% decline in Mexico.</li></ul>

Halliburton Company's first-quarter 2025 financial performance presented a picture of mixed results, amid dynamic and shifting market conditions, impacting its regional operations, revenues, and strategic outlook.The company reported total revenue of $5.4 billion and an adjusted operating margin of 14.5%.A significant highlight from this quarter emanated from international markets, where revenue dipped to $3.2 billion, largely impacted by a 19% decline in Mexico.

Halliburton’s Zeus Frac Fleet: The Silent Move That Could Power Their Growth The Energy Services Market!

United States

Halliburton Company provides energy services and engineering and construction services, as well as manufactures products for the energy industry.  The Company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas.

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Halliburton Co (HAL US)

Halliburton Company: Expansion in International Drilling & Evaluation Services & Key Growth Levers!

Halliburton Company reported its third-quarter 2025 financial results, reflecting both edges of volatility in the current global oil and gas...

Baptista Research

Halliburton Lights the Way: A Strong Q3 Sparks Optimism Across the Oil Patch

Halliburton's Q3 earnings and entry into the data-centre power market boost investor confidence in evolving growth strategy, signaling a shift...

Mint Finance

[Earnings Preview] Halliburton Set to Slip on Q2 Disappointments as Drilling Slows

Halliburton's Q2 revenue and EPS are expected to decline, facing challenges from a potential international slowdown. Market signals point to a...

Mint Finance

Halliburton’s Zeus Frac Fleet: The Silent Move That Could Power Their Growth The Energy Services Market!

Halliburton Company's first-quarter 2025 financial performance presented a picture of mixed results, amid dynamic and shifting market conditions,...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Halliburton Company: Expansion in International Drilling & Evaluation Services & Key Growth Levers!

Halliburton Company reported its third-quarter 2025 financial results, reflecting both edges of volatility in the current global oil and gas...

Baptista Research

Halliburton Lights the Way: A Strong Q3 Sparks Optimism Across the Oil Patch

​Halliburton's Q3 earnings and entry into the data-centre power market boost investor confidence in evolving growth strategy, signaling a shift...

Mint Finance

Halliburton Company: Will The Management Focus on Artificial Lift & Related Technologies Support Its Overall Growth?

Halliburton's second quarter of 2025 presented a mixed financial and operational performance, with notable challenges and some...

Baptista Research

[Earnings Preview] Halliburton Set to Slip on Q2 Disappointments as Drilling Slows

​Halliburton's Q2 revenue and EPS are expected to decline, facing challenges from a potential international slowdown. Market signals point to a...

Mint Finance

Halliburton’s Zeus Frac Fleet: The Silent Move That Could Power Their Growth The Energy Services Market!

Halliburton Company's first-quarter 2025 financial performance presented a picture of mixed results, amid dynamic and shifting market conditions,...

Baptista Research

Halliburton's Q3 earnings and entry into the data-centre power market boost investor confidence in evolving growth strategy, signaling a shift...

Halliburton's Q2 revenue and EPS are expected to decline, facing challenges from a potential international slowdown. Market signals point to a...