Halliburton Q2 2025 Earnings: Revenue Beats Estimates, EPS In Line.

Halliburton reported Q2 2025 revenues of $5.51b, down 5.5% YoY, beating expectations. Net income fell 33% to $472.0m, while profit margin decreased to 8.6% from 12% in Q2 2024. EPS was $0.55, down from $0.80 in Q2 2024. The company's share price is broadly unchanged from a week ago.

Halliburton Company (NYSE: HAL) announced its second-quarter 2025 financial results, reporting a revenue of $5.5 billion, a 5.5% year-over-year (YoY) decline, which still managed to beat market expectations. The company's net income fell by 33% to $472 million, while the profit margin decreased to 8.6% from 12% in the second quarter of 2024. Earnings per share (EPS) were $0.55, down from $0.80 in the same period last year. The company's share price remained broadly unchanged from a week ago [1].

Halliburton's operating income for the quarter was $727 million, compared to $431 million in the first quarter of 2025. The company's cash flow from operations was $896 million, and free cash flow was approximately $582 million. The company also repurchased approximately $250 million of its common stock and paid dividends of $0.17 per share.

Jeff Miller, Chairman, President, and CEO of Halliburton, commented on the results, stating, "Halliburton today is more differentiated, with deeper technology advantages to address our customers' requirements, and more collaborative than ever before. I believe our value proposition, to collaborate and engineer solutions to maximize asset value for our customers, is a powerful driver of both customer and shareholder value" [1].

The company's revenue was driven by improved pressure pumping services and higher completion tool sales in the Western Hemisphere, improved well intervention services internationally, and increased pipeline and process services in the Eastern Hemisphere. However, the company faced challenges in the Middle East and US Land, where activity was lower.

Geographically, North America revenue was relatively flat, while international revenue increased by 2%. Latin America revenue increased by 9%, driven by improved activity in Mexico and Brazil. Europe/Africa revenue increased by 6%, primarily due to higher activity in Norway. Middle East/Asia revenue decreased by 4%, primarily due to lower activity in Saudi Arabia and Kuwait.

Halliburton also announced several strategic initiatives, including a new process with Chevron U.S.A. Inc. for closed-loop, feedback-driven completions in Colorado, and a collaboration with Nabors Industries to achieve fully automated surface and subsurface execution of rotary and slide drilling operations in Oman. The company also launched EarthStar® 3DX, the industry's first 3D horizontal look-ahead resistivity service, and was awarded a 5-year contract by Repsol Resources UK to support the full well lifecycle on their platform assets in the UK North Sea [1].

Despite the challenges in the oilfield services market, Halliburton remains committed to its strategy and growth engines, including unconventionals, drilling, production services, and artificial lift. The company is also focused on maximizing shareholder returns.

References:
[1] https://www.halliburton.com/en/about-us/press-release/halliburton-announces-second-quarter-2025-results