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HOUSTON - On Tuesday, Halliburton Company (NYSE:HAL) reported second-quarter 2025 earnings that slightly missed analyst expectations, while revenue exceeded forecasts. The oilfield services giant posted net income of $0.55 per diluted share, falling short of the $0.56 analyst estimate, while revenue came in at $5.51 billion, surpassing the consensus expectation of $5.41 billion.
Halliburton’s shares dipped slightly by 0.14% following the earnings announcement, reflecting the mixed results.
The company’s quarterly revenue of $5.51 billion represented a slight increase from $5.4 billion in the first quarter of 2025, but a decline from $5.83 billion in the same quarter last year. Operating income for the second quarter was $727 million, up from $431 million in the previous quarter, with an operating margin of 13%.
"What I see tells me the oilfield services market will be softer than I previously expected over the short to medium term," said Jeff Miller, Chairman, President and CEO. "We will of course take action to address this near term softness, and we remain fully committed to our shareholder returns framework."
The company’s Completion and Production segment generated revenue of $3.2 billion, a 2% increase from the first quarter, while operating income decreased 3% to $513 million. The Drilling and Evaluation segment saw revenue rise 2% to $2.3 billion, but operating income fell 11% to $312 million.
North American revenue remained relatively flat at $2.3 billion compared to the first quarter, while international revenue increased by 2% to $3.3 billion. Latin America showed the strongest regional growth with a 9% sequential increase to $977 million.
During the quarter, Halliburton generated $896 million in cash flow from operations and approximately $582 million in free cash flow. The company also returned capital to shareholders through approximately $250 million in share repurchases and paid dividends of $0.17 per share.
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