Halliburton Reports $5.51 Billion Revenue in Q2 2025, Down 6% Year-Over-Year

Halliburton Company reported a total revenue of $5.51 billion for the second quarter of 2025, marking a 6% decrease from $5.83 billion in the same period of 2024. The company's net income for the quarter was $480 million, down from $713 million year-over-year, resulting in a basic and diluted net income per share of $0.55, compared to $0.80 in the prior year. The decline in revenue and profitability was attributed to reduced activity levels in key markets, particularly in North America and Latin America, where revenue fell by 9% and 11%, respectively.

The company's Completion and Production segment generated $3.17 billion in revenue, a 7% decrease from $3.40 billion in the second quarter of 2024. This decline was primarily driven by lower pressure pumping services and reduced completion tool sales in the Gulf of America and Africa. The Drilling and Evaluation segment also saw a 4% decrease in revenue, totaling $2.34 billion, due to decreased drilling services in Mexico and Saudi Arabia, as well as lower wireline activity in the Western Hemisphere. Operating income for the total operations decreased to $727 million from $1.03 billion in the previous year.

In terms of operational developments, Halliburton's total assets decreased to $25.38 billion as of June 30, 2025, down from $25.59 billion at the end of 2024. The company reported a headcount of over 48,000 employees, maintaining a strong presence in more than 70 countries. The company also continued its strategic initiatives, including a focus on digital technologies and capital efficiency, with capital expenditures amounting to $656 million in the first half of 2025.

Halliburton's financial performance was further impacted by a $356 million pre-tax charge related to impairments and other charges, which included severance costs and asset impairments. The company is currently undergoing a migration to SAP S4, with expenses related to this initiative totaling $62 million in the first half of 2025. Looking ahead, Halliburton anticipates continued challenges in the market, with expectations of revenue declines in both North America and international markets due to pricing pressures and reduced activity levels. The company remains committed to returning at least 50% of its annual free cash flow to shareholders through dividends and share repurchases, with approximately $2.5 billion remaining authorized for stock repurchases as of June 30, 2025.