Q1 25 EPS
$0.60
MISS 0.43%
Est. $0.60
Q1 25 Revenue
$5.40B
BEAT +2.26%
Est. $5.28B
vs S&P Since Q1 25
+74.6%
BEATING MARKET
HAL +111.2% vs S&P +36.7%
Market Reaction
Did HAL Beat Earnings? Q1 2025 Results
Halliburton delivered a mixed first quarter for 2025, posting adjusted earnings that landed just shy of expectations while revenue came in ahead of forecasts, even as broad-based activity weakness dragged the top line sharply lower year over year. Th… Read more Halliburton delivered a mixed first quarter for 2025, posting adjusted earnings that landed just shy of expectations while revenue came in ahead of forecasts, even as broad-based activity weakness dragged the top line sharply lower year over year. The oilfield services giant reported adjusted EPS of $0.60, missing the $0.60 consensus estimate by 0.43%, on revenue of $5.40 billion, which beat the $5.28 billion Street estimate by 2.26% but still represented a 7.0% decline from a year earlier. The primary drag came from softness across the Western Hemisphere, with North America revenue falling 12% year over year on reduced stimulation activity and Latin America sliding 19% largely due to curtailed operations in Mexico. A $356.00 million pre-tax impairment and restructuring charge pushed GAAP net income down sharply to $204.00 million, though adjusted operating income held at $787.00 million with a 14.5% margin. Adding to the cautious tone, Halliburton warned that tariffs are expected to shave $0.02 to $0.03 per share from second-quarter earnings, as producers reassess drilling plans amid persistently low oil prices.
Key Takeaways
- • Decreased pressure pumping services and lower completion tool sales in the Western Hemisphere weighed on Completion and Production
- • Increased completion tool sales and improved stimulation activity in the Middle East partially offset Western Hemisphere declines
- • Decreased drilling services in Mexico and the Middle East reduced Drilling and Evaluation results
- • Higher activity in Kuwait, Saudi Arabia, UAE, Norway, and Namibia supported international revenue growth in those regions
- • Lower stimulation activity in US Land and decreased completion tool sales in the Gulf of America drove North America decline
HAL YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
HAL Revenue by Segment
With YoY comparisons, source: SEC Filings
HAL Revenue by Geography
With YoY comparisons, source: SEC Filings
“I am pleased with our performance in the first quarter. We delivered total company revenue of $5.4 billion and adjusted operating margin of 14.5%.”
— Jeff Miller, Q1 2025 Earnings Press Release
HAL Earnings Trends
HAL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HAL EPS Trend
Earnings per share: estimate vs actual
HAL Revenue Trend
Quarterly revenue: estimate vs actual
HAL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.55 | — | $5.40B | +1.80% |
| Q4 25 BEAT FY | $0.46 | $0.69 | +49.12% | $5.70B | +5.60% |
| FY Full Year | $2.26 | — | — | $22.20B | +1.26% |
| Q3 25 BEAT | $0.50 | $0.58 | +16.94% | $5.60B | +3.91% |
| Q2 25 MISS | $0.55 | $0.55 | -0.72% | $5.50B | +1.68% |
| Q1 25 MISS | $0.60 | $0.60 | -0.43% | $5.40B | +2.26% |