Halliburton Announces First Quarter 2025 Results
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- Net income of $0.24 per diluted share.
- Adjusted net income per diluted share1 of $0.60.
- Revenue of $5.4 billion and operating margin of 8%.
- Adjusted operating margin2 of 14.5%.
- Approximately $250 million of share repurchases.
HOUSTON – April 22, 2025 – Halliburton Company (NYSE: HAL) announced today net income of $204 million, or $0.24 per diluted share, for the first quarter of 2025. This compares to net income for the first quarter of 2024 of $606 million, or $0.68 per diluted share. Adjusted net income3 in the first quarter of 2025, excluding impairments and other charges, was $517 million, or $0.60 per diluted share, compared to adjusted net income of $679 million, or $0.76 per diluted share, in the first quarter of 2024. Halliburton’s total revenue for the first quarter of 2025 was $5.4 billion, compared to total revenue of $5.8 billion in the first quarter of 2024. Operating income was $431 million in the first quarter of 2025, compared to operating income of $987 million in the first quarter of 2024. Adjusted operating income4, excluding impairments and other charges, was $787 million in the first quarter of 2025.
“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%,” commented Jeff Miller, Chairman, President and CEO.
“Our first quarter international tender activity was strong, Halliburton won meaningful integrated offshore work extending through 2026 and beyond. Customers awarded Halliburton several contracts that demonstrate the strength of our value proposition and the power of our service quality execution.
“I am excited by the strong adoption of our groundbreaking technologies. We achieved the world’s first closed-loop, autonomous fracturing operation. I believe this unlocks the next big step in unconventionals.
“I firmly believe that despite recent pressures on the energy macro, Halliburton’s consistent focus on technology, collaboration, and service quality execution create value for our customers and drive long-term success for Halliburton and its shareholders,” concluded Miller.