Q1 2025 Halliburton Co Earnings Call Transcript
Key Points
- Halliburton Co (HAL) delivered total company revenue of $5.4 billion and an adjusted operating margin of 14.5% for the first quarter of 2025.
- The company generated $377 million of cash flow from operations and $124 million of free cash flow, while repurchasing approximately $250 million of its common stock.
- Halliburton Co (HAL) won significant contracts, including work with Shell in Brazil and exploration projects in Suriname and West Africa, showcasing its strong value proposition and service quality.
- The ZEUS IQ closed-loop autonomous fracturing operation was successfully completed, highlighting Halliburton Co (HAL)'s technological advancements in the North American market.
- The company expects to return at least $1.6 billion of cash to shareholders through buybacks and dividends in 2025, demonstrating a commitment to shareholder returns.
- International revenue decreased by 2% year over year, primarily due to lower activity in Mexico, which remains a challenging market with no immediate recovery in sight.
- North America revenue was down 12% compared to the first quarter of 2024, driven by lower stimulation activity and decreased completion tool sales.
- The company recognized a pretax charge of $356 million due to severance costs, asset impairments, and other items, impacting financial results.
- There is increased uncertainty in the market due to recent economic concerns and the faster-than-expected return of OPEC production, which could affect future performance.
- Tariff impacts are expected to affect margins, with an estimated $0.02 to $0.03 per share impact in the second quarter, and further clarity on the full-year impact is pending.
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the first quarter 2025 Halliburton Company earnings conference call.
(Operator Instructions) At this point, I would like to turn the conference over to Mr. David Coleman. Sir, please begin.
Hello, and thank you for joining the Halliburton first quarter 2025 conference call. We will make the recording of today's webcast available for seven days on Halliburton's website after this call. Joining me today are Jeff Miller, Chairman, President and CEO; and Eric Carre, Executive Vice President and CFO.
Some of today's comments may include forward-looking statements reflecting Halliburton's views about future events. These matters involve risks and uncertainties that could cause our actual results to materially differ from our forward-looking statements.
These risks are discussed in Halliburton's Form 10-K for the year ended December 31, 2024, recent current reports on Form 8-K and other Securities and
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