Halliburton (HAL) Q4 2025 Earnings
How Did HAL Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −0.44%.
Did HAL Beat Earnings? Q4 2025 Results
Yes. Halliburton reported Q4 2025 earnings of $0.69 a share on Jan 21, 2026, beating the $0.55 consensus estimate by 26.3%. Revenue was $5.7B against a $5.4B estimate.
Halliburton delivered a standout fourth quarter, posting adjusted earnings of $0.69 per diluted share against a consensus estimate of $0.46, a beat of 49.12%, while revenue of $5.70 billion topped expectations by 5.60% and edged 1.6% higher year over year. The quarter's strong showing was aided by an $86 million discrete tax benefit tied to a Foreign-Derived Intangible Income deduction from a royalty prepayment, which meaningfully lifted after-tax results and marked a sharp recovery from the prior quarter's charges-laden $0.02 GAAP EPS. International operations proved a particular bright spot, with international revenue climbing 7% sequentially to $3.50 billion, led by double-digit growth in Europe, Africa, and CIS. North America softened 7% sequentially to $2.20 billion on lower stimulation activity, though CEO Jeff Miller noted that the region would be among the first to benefit when macro fundamentals improve. Analysts tracking the stock have maintained a moderate buy consensus, reflecting continued confidence in the company's technology adoption and shareholder return commitments, with Halliburton having returned 85% of full-year free cash flow through buybacks and dividends.
- Higher year-end completion tool sales globally
- Improved cementing activity in Western Hemisphere and Africa
- Increased well intervention services internationally
- Higher wireline activity in the Eastern Hemisphere
- Year-end software sales in Latin America and Middle/East Asia
- Activity mix improvements in Completion and Production segment
“I am pleased with Halliburton's fourth quarter performance and the way we closed out 2025. We outperformed our expectations and it is clear that Halliburton's strategy and value proposition deliver differentiated results.”
Halliburton CEO, on the earnings call
What Was Halliburton's Outlook in Q4 2025?
CEO Jeff Miller expressed confidence in the outlook for the business and Halliburton's ability to deliver leading returns and capitalize on future growth opportunities. He noted that North America would be the first to respond when macro fundamentals improve, and that the international business is strong with growth engines aligned to market evolution.
HAL YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $5.7B | $5.6B | +1.6% |
| Operating Income | $746.0M | $932.0M | −20.0% |
| Net Income | $589.0M | $615.0M | −4.2% |
HAL Revenue by Segment
HAL Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.