Halliburton Company
Q2 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.06%.
Did HAL Beat Earnings? Q2 2025 Results
Halliburton delivered a mixed second quarter, nudging past revenue expectations while falling just short on the bottom line as softer market conditions weighed on the oilfield services giant. The company posted EPS of $0.55, a hair below the $0.55 consensus estimate, on revenue of $5.50 billion that topped expectations by 1.68%, though sales still fell 5.7% from a year ago. The most telling detail from the quarter was the broad pressure on operating margins, with lower stimulation pricing in U.S. Land squeezing Completion and Production profits even as segment revenue ticked up sequentially. CEO Jeff Miller warned the oilfield services market will be softer than previously expected over the short to medium term, a candid downgrade that rattled investors and prompted plans to retire or idle underperforming equipment. International revenue showed pockets of strength, with Latin America up 9% to $977 million, though Middle East and Asia slipped 4%. <a href="https://247wallst.com/investing/2025/07/18/live-schlumberger-earnings-coverage/">Rival SLB also reported</a> a net income decline this quarter, underscoring the industrywide headwinds from weak crude prices and trade-driven uncertainty.
- Improved pressure pumping services and higher completion tool sales in the Western Hemisphere
- Improved well intervention services internationally
- Increased pipeline and process services in the Eastern Hemisphere
- Increased drilling-related services globally
- Strong activity improvement in Mexico, Brazil, and Norway
“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.”
Halliburton CEO, on the earnings call
Forward Guidance & Outlook
CEO Jeff Miller indicated that the oilfield services market will be softer than previously expected over the short to medium term. The company plans to take action to address this near-term softness while remaining fully committed to its shareholder returns framework. Internationally, activity reductions in a few large markets will likely overshadow solid performance in other geographies. Growth engines including unconventionals, drilling, production services, and artificial lift remain key to the company's strategy. In North America, Halliburton expects to continue outpacing competitors based on its technology and service execution capabilities.
HAL YoY Financials
HAL Revenue by Segment
HAL Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.