Halliburton (HAL) Q1 2025 Earnings
How Did HAL Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: +10.59%.
Did HAL Beat Earnings? Q1 2025 Results
No. Halliburton reported Q1 2025 earnings of $0.60 a share on Apr 22, 2025, missing the $0.60 consensus estimate by 0.4%. Revenue was $5.4B against a $5.3B estimate.
Halliburton delivered a mixed first quarter for 2025, posting adjusted earnings that landed just shy of expectations while revenue came in ahead of forecasts, even as broad-based activity weakness dragged the top line sharply lower year over year. The oilfield services giant reported adjusted EPS of $0.60, missing the $0.60 consensus estimate by 0.43%, on revenue of $5.40 billion, which beat the $5.28 billion Street estimate by 2.26% but still represented a 7.0% decline from a year earlier. The primary drag came from softness across the Western Hemisphere, with North America revenue falling 12% year over year on reduced stimulation activity and Latin America sliding 19% largely due to curtailed operations in Mexico. A $356.00 million pre-tax impairment and restructuring charge pushed GAAP net income down sharply to $204.00 million, though adjusted operating income held at $787.00 million with a 14.5% margin. Adding to the cautious tone, Halliburton warned that tariffs are expected to shave $0.02 to $0.03 per share from second-quarter earnings, as producers reassess drilling plans amid persistently low oil prices.
- Decreased pressure pumping services and lower completion tool sales in the Western Hemisphere weighed on Completion and Production
- Increased completion tool sales and improved stimulation activity in the Middle East partially offset Western Hemisphere declines
- Decreased drilling services in Mexico and the Middle East reduced Drilling and Evaluation results
- Higher activity in Kuwait, Saudi Arabia, UAE, Norway, and Namibia supported international revenue growth in those regions
- Lower stimulation activity in US Land and decreased completion tool sales in the Gulf of America drove North America decline
“I am pleased with our performance in the first quarter. We delivered total company revenue of $5.4 billion and adjusted operating margin of 14.5%.”
Halliburton CEO, on the earnings call
HAL YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $5.4B | $5.8B | −7.0% |
| Operating Income | $431.0M | $986.9M | −56.3% |
| Net Income | $204.0M | $606.1M | −66.3% |
HAL Revenue by Segment
HAL Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.