Halliburton beats Q3 estimates as revenue rises to $5.6 billion

HOUSTON - On Tuesday, Halliburton Company (NYSE:HAL) reported better-than-expected third quarter 2025 results, with adjusted earnings per share of $0.58, exceeding analyst estimates of $0.50.

The company’s stock edged up 0.80% in pre-market trading following the announcement.

Revenue reached $5.6 billion, surpassing the consensus forecast of $5.39 billion and showing a slight increase from $5.5 billion in the second quarter.

The oilfield services giant posted a 13% adjusted operating margin for the quarter, while reporting GAAP earnings of just $0.02 per share after accounting for $392 million in impairments and other charges. Revenue was essentially flat compared to $5.7 billion in the same quarter last year.

Halliburton’s Completion and Production segment generated $3.2 billion in revenue, up 2% from the previous quarter, while Drilling and Evaluation revenue also increased 2% to $2.4 billion. North American revenue rose 5% sequentially to $2.4 billion, driven by increased stimulation activity in U.S. land operations and Canada.

"I am pleased with Halliburton’s third quarter performance," said Jeff Miller, Chairman, President and CEO. "We also took steps that will deliver estimated savings of $100 million per quarter, reset our 2026 capital budget and idled equipment that no longer meets our return expectations."

The company continued its shareholder return program, repurchasing approximately $250 million of common stock during the quarter and paying dividends of $0.17 per share. Cash flow from operations totaled $488 million, with free cash flow of $276 million.

International revenue remained flat at $3.2 billion compared to the previous quarter, with regional performance varying. Latin America revenue increased 2% sequentially, Europe/Africa/CIS revenue was flat, while Middle East/Asia revenue decreased 3%, primarily due to lower activity in Saudi Arabia.

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