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Mar 31

Halliburton Q1 2025 Earnings Report

Halliburton reported a decline in revenue and net income compared to Q1 2024, but highlighted technological advancements and international contract wins.

Key Takeaways

Halliburton's Q1 2025 performance showed decreased revenue and income versus the previous year, but strong international tender wins and technological innovations marked strategic progress.

Revenue fell to $5.4 billion from $5.8 billion in Q1 2024.

Net income dropped significantly to $204 million.

Adjusted EPS came in at $0.60, while reported EPS was $0.24.

Halliburton deployed the world’s first closed-loop autonomous fracturing operation.

Total Revenue
$5.42B
Previous year: $5.8B
-6.7%
EPS
$0.6
Previous year: $0.76
-21.1%
Operating Margin
8%
Previous year: 17%
-52.9%
Adj. Operating Margin
14.5%
Share Repurchases
$250M
Gross Profit
$883M
Previous year: $1.08B
-18.4%
Cash and Equivalents
$1.8B
Previous year: $1.89B
-4.6%
Free Cash Flow
$124M
Previous year: $206M
-39.8%
Total Assets
$25.2B
Previous year: $24.7B
+2.1%

Halliburton

Halliburton

Halliburton Revenue by Segment

Halliburton Revenue by Geographic Location

Forward Guidance

Halliburton remains optimistic about future international growth and technology-driven performance despite ongoing macroeconomic pressures.

Positive Outlook

  • Strong international tender activity.
  • New integrated offshore contracts extending through 2026.
  • Continued focus on digital and automated technologies.
  • Launch of the EcoStar® electric safety valve.
  • Collaborative deployment of automated drilling systems.

Challenges Ahead

  • Lower stimulation activity in U.S. Land impacted revenue.
  • Decline in completion tool sales across Latin America.
  • Decreased drilling activity in Mexico and the Middle East.
  • Reduced well construction activity in Saudi Arabia and Australia.
  • Ongoing pressure from energy macro conditions.

Revenue & Expenses

Visualization of income flow from segment revenue to net income