- Halliburton (HAL, Financial) reports Q1 2025 net income of $0.24 per diluted share, adjusted to $0.60 when excluding impairments.
- Revenue for Q1 2025 was $5.4 billion, compared to $5.8 billion in the same period of 2024.
- The company completed approximately $250 million in share repurchases during the quarter.
In the first quarter of 2025, Halliburton Company (HAL) announced a net income of $204 million, translating to $0.24 per diluted share, marking a decrease from $606 million or $0.68 per diluted share in Q1 2024. The adjusted net income, which excludes impairments and other charges, was reported at $517 million, or $0.60 per diluted share, down from $679 million, or $0.76 per diluted share, the previous year.
During the reported quarter, Halliburton generated $5.4 billion in revenue, a slight decrease from $5.8 billion in Q1 2024. The company's operating income came in at $431 million, down from $987 million in the same period the previous year. Adjusted operating income, excluding special charges, was reported at $787 million.
Halliburton's Chairman, President, and CEO, Jeff Miller, highlighted the company's performance, emphasizing strong international tender activity and significant contracts secured, including integrated offshore work that extends into 2026 and beyond. He also pointed out the successful adoption of groundbreaking technologies, such as the world’s first closed-loop, autonomous fracturing operation.
By segment, the Completion and Production division reported a revenue of $3.1 billion, an 8% decrease compared to the previous year, impacted by reduced pressure pumping services in the Western Hemisphere. The Drilling and Evaluation segment recorded $2.3 billion in revenue, a 6% decrease year-over-year, influenced by decreased drilling services in Mexico and the Middle East.
Regionally, Halliburton saw a 12% decline in North America revenue, primarily due to lower stimulation activity in US Land. Conversely, the Middle East/Asia region witnessed a 6% increase, bolstered by higher activity in Kuwait and Saudi Arabia. The company noted a 19% drop in Latin America, primarily due to reduced activity in Mexico.
Throughout Q1 2025, Halliburton made a significant investment, repurchasing approximately $250 million of its common stock, and paid dividends valued at $0.17 per share. Investments in technology continue, with the launch of the EcoStar® electric tubing-retrievable safety valve and a major contract award from Petrobras for integrated drilling services in Brazil.
