Halliburton Q2 Earnings Fall to $472 Million, Down 33% YoY

Halliburton Company reported a Q2 profit of $472 million, or $0.55 per share, compared to $709 million, or $0.80 per share, last year. Revenue fell 5.5% to $5.510 billion from $5.833 billion last year. Excluding items, adjusted earnings were $472 million or $0.55 per share.

Halliburton Company (NYSE: HAL) reported a second-quarter (Q2) profit of $472 million, or $0.55 per diluted share, compared to $709 million, or $0.80 per share, in the same period last year [1]. Revenue fell 5.5% to $5.510 billion from $5.833 billion last year. Excluding items, adjusted earnings were $472 million or $0.55 per share.

The company's operating income was $727 million in Q2 2025, compared to $431 million in the first quarter of 2025. Adjusted operating income in the first quarter of 2025, excluding impairments and other charges, was $787 million. Total revenue for the second quarter of 2025 was $5.5 billion, compared to $5.4 billion in the first quarter of 2025.

Jeff Miller, Chairman, President, and CEO of Halliburton, commented, "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."

Miller also noted that while the oilfield services market may be softer than expected in the short to medium term, Halliburton remains committed to its shareholder returns framework. He expressed confidence in the company's strategy and growth engines, including unconventionals, drilling, production services, and artificial lift.

Halliburton reported a decline in operating income due to lower pricing for stimulation services in US Land. However, the company saw increased revenue due to improved pressure pumping services and higher completion tool sales in the Western Hemisphere, as well as increased drilling-related services globally.

In North America, revenue was relatively flat compared to the first quarter of 2025, driven by increased stimulation activity in Canada, higher fluid services, and improved cementing activity in US Land. International revenue increased 2% to $3.3 billion, with Latin America and Europe/Africa regions contributing to the growth.

Halliburton also repurchased approximately $250 million of its common stock and paid dividends of $0.17 per share during the second quarter of 2025. The company spent $32 million on SAP S4 migration.

References:
[1] https://www.stocktitan.net/news/HAL/halliburton-announces-second-quarter-2025-mapgalhwfvd7.html