HALLIBURTON CO SEC 10-Q Report

TradingView
2025.10.24 16:23
portai
I'm PortAI, I can summarize articles.

Halliburton Co has released its Q3 2025 Form 10-Q report, highlighting significant financial challenges. Total revenue decreased by 2% to $5.6 billion, with operating income down 59% to $356 million, and net income plummeting to $20 million from $580 million in Q3 2024. The Completion and Production segment saw a 2% revenue decline, while the Drilling and Evaluation segment remained flat. The company anticipates further revenue decreases in 2025 and plans to cut capital expenditures by 30% in 2026, focusing on strategic technologies and international expansion.

Halliburton Co, a leading provider of products and services to the energy industry, has released its Form 10-Q report for the third quarter of 2025. The report reveals significant financial and operational challenges faced by the company, including declines in revenue and net income, as well as strategic adjustments in response to market conditions.

Financial Highlights

Total Revenue: $5,600 million, a 2% decrease compared to the third quarter of 2024, driven by lower pressure pumping services in North America and reduced completion tool sales in Latin America and the Middle East.

Operating Income: $356 million, a 59% decrease compared to the third quarter of 2024, impacted by $392 million in impairments and other charges.

Net Income: $20 million, a significant decrease from $580 million in the third quarter of 2024, primarily due to impairments and a high effective tax rate.

Basic and Diluted Net Income Per Share: $0.02, down from $0.65 in the third quarter of 2024, reflecting lower net income.

Business Highlights

Revenue Segments

The Completion and Production segment reported a revenue of $3.2 billion for Q3 2025, a 2% decrease from Q3 2024, primarily due to lower pressure pumping services in North America and reduced completion tool sales in Latin America and the Middle East. The Drilling and Evaluation segment's revenue was relatively flat at $2.4 billion, with decreased drilling-related services in Latin America offset by increased services in Europe.

Geographical Performance

  • North America: Revenue remained relatively flat at $2.4 billion, with lower pressure pumping services offset by higher completion tool sales in the Gulf of America.
  • Latin America: Revenue saw a 5% decrease to $996 million, driven by decreased activity in Mexico.
  • Europe/Africa/CIS: Experienced a 15% increase to $828 million, primarily due to higher completion tool sales in the North Sea.
  • Middle East/Asia: Revenue decreased by 8% to $1.4 billion, largely due to decreased activity in Saudi Arabia and Malaysia.

Future Outlook

The company anticipates a decrease in full-year 2025 international revenue, primarily due to activity reductions in Saudi Arabia and Mexico, with expected growth in Brazil and Norway. North America revenue is expected to decline due to lower drilling and completion activity. The company plans to reduce capital expenditures by 30% in 2026 to approximately $1.0 billion, focusing on strategic technologies and international expansion.

SEC Filing: HALLIBURTON CO [ HAL ] - 10-Q - Oct. 24, 2025

Source: TradingView The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.