Q4 25 EPS
$0.69
BEAT +49.12%
Est. $0.46
Q4 25 Revenue
$5.70B
BEAT +5.60%
Est. $5.40B
vs S&P Since Q4 25
+19.5%
BEATING MARKET
HAL +24.6% vs S&P +5.1%
Full Year 2025 Results
FY 25 Revenue
$22.20B
BEAT +1.26%
Est. $21.92B
Market Reaction
Did HAL Beat Earnings? Q4 2025 Results
Halliburton delivered a standout fourth quarter, posting adjusted earnings of $0.69 per diluted share against a consensus estimate of $0.46, a beat of 49.12%, while revenue of $5.70 billion topped expectations by 5.60% and edged 1.6% higher year over… Read more Halliburton delivered a standout fourth quarter, posting adjusted earnings of $0.69 per diluted share against a consensus estimate of $0.46, a beat of 49.12%, while revenue of $5.70 billion topped expectations by 5.60% and edged 1.6% higher year over year. The quarter's strong showing was aided by an $86 million discrete tax benefit tied to a Foreign-Derived Intangible Income deduction from a royalty prepayment, which meaningfully lifted after-tax results and marked a sharp recovery from the prior quarter's charges-laden $0.02 GAAP EPS. International operations proved a particular bright spot, with international revenue climbing 7% sequentially to $3.50 billion, led by double-digit growth in Europe, Africa, and CIS. North America softened 7% sequentially to $2.20 billion on lower stimulation activity, though CEO Jeff Miller noted that the region would be among the first to benefit when macro fundamentals improve. Analysts tracking the stock have maintained a moderate buy consensus, reflecting continued confidence in the company's technology adoption and shareholder return commitments, with Halliburton having returned 85% of full-year free cash flow through buybacks and dividends.
Key Takeaways
- • Higher year-end completion tool sales globally
- • Improved cementing activity in Western Hemisphere and Africa
- • Increased well intervention services internationally
- • Higher wireline activity in the Eastern Hemisphere
- • Year-end software sales in Latin America and Middle/East Asia
- • Activity mix improvements in Completion and Production segment
HAL YoY Financials
Q4 2025 vs Q4 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 Halliburton's fourth quarter performance and the way we closed out 2025. We outperformed our expectations and it is clear that Halliburton's strategy and value proposition deliver differentiated results.”
— Jeff Miller, Q4 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% |