Q2 25 EPS
$0.55
MISS 0.72%
Est. $0.55
Q2 25 Revenue
$5.50B
BEAT +1.68%
Est. $5.41B
vs S&P Since Q2 25
+88.3%
BEATING MARKET
HAL +102.9% vs S&P +14.6%
Market Reaction
Did HAL Beat Earnings? Q2 2025 Results
Halliburton delivered a mixed second quarter, nudging past revenue expectations while falling just short on the bottom line as softer market conditions weighed on the oilfield services giant. The company posted EPS of $0.55, a hair below the $0.55 co… Read more Halliburton delivered a mixed second quarter, nudging past revenue expectations while falling just short on the bottom line as softer market conditions weighed on the oilfield services giant. The company posted EPS of $0.55, a hair below the $0.55 consensus estimate, on revenue of $5.50 billion that topped expectations by 1.68%, though sales still fell 5.7% from a year ago. The most telling detail from the quarter was the broad pressure on operating margins, with lower stimulation pricing in U.S. Land squeezing Completion and Production profits even as segment revenue ticked up sequentially. CEO Jeff Miller warned the oilfield services market will be softer than previously expected over the short to medium term, a candid downgrade that rattled investors and prompted plans to retire or idle underperforming equipment. International revenue showed pockets of strength, with Latin America up 9% to $977 million, though Middle East and Asia slipped 4%. Rival SLB also reported a net income decline this quarter, underscoring the industrywide headwinds from weak crude prices and trade-driven uncertainty.
Key Takeaways
- • Improved pressure pumping services and higher completion tool sales in the Western Hemisphere
- • Improved well intervention services internationally
- • Increased pipeline and process services in the Eastern Hemisphere
- • Increased drilling-related services globally
- • Strong activity improvement in Mexico, Brazil, and Norway
HAL YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
HAL Revenue by Segment
With YoY comparisons, source: SEC Filings
HAL Revenue by Geography
With YoY comparisons, source: SEC Filings
“Halliburton today is more differentiated, with deeper technology advantages to address our customers' requirements, and more collaborative than ever before. I believe our value proposition, to collaborate and engineer solutions to maximize asset value for our customers, is a powerful driver of both customer and shareholder value.”
— Jeff Miller, Q2 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% |