Halliburton Co. (NYSE:HAL) Beats Q3 2025 Earnings and Revenue Estimates

Halliburton Co. (NYSE:HAL) reported its third-quarter 2025 financial results, delivering a performance that surpassed analyst expectations on the top and bottom lines. The market responded positively, with shares rising over 1.4% in pre-market trading following the announcement.

Earnings and Revenue Overview

The oilfield services giant posted revenue of $5.6 billion for the quarter, a sequential increase from the $5.5 billion reported in the second quarter of 2025. More notably, this figure exceeded the analyst consensus estimate of $5.44 billion.

On the profitability front, the company's performance was more complex. When considering GAAP measures, net income attributable to the company was significantly impacted by one-time charges, coming in at $18 million, or $0.02 per diluted share. However, the adjusted figures, which exclude these specific items, presented a stronger operational performance.

• Reported Adjusted EPS: $0.58
• Analyst Estimated EPS: $0.50

The adjusted earnings per share of $0.58 comfortably beat the Wall Street estimate of $0.50, representing a key positive takeaway from the report.

Market Reaction and Price Action

The immediate market reaction to these results has been favorable. The pre-market surge of over 1.4% indicates that investors are focusing on the earnings and revenue beats, as well as the underlying operational strength demonstrated by the adjusted profit figures. This positive movement contrasts with the stock's performance over the last two weeks, which saw a decline of over 7%, suggesting the earnings report may have alleviated some investor concerns.

Operational and Segment Performance

Beyond the headline numbers, the earnings release highlighted several important operational trends.

• Segment Revenue: Both of Halliburton's primary segments saw growth. Completion and Production revenue increased 2% sequentially to $3.2 billion, while Drilling and Evaluation revenue also grew 2% to $2.4 billion.
• Geographic Mix: North America revenue showed strong growth, increasing 5% from the previous quarter. International revenue remained flat overall, with growth in Latin America offset by declines in the Middle East/Asia region.
• One-Time Charges: The quarter was affected by a total charge of $540 million related to "Impairments and other charges," which included asset impairments and an investment writedown in Argentina. This was the primary driver behind the large discrepancy between GAAP and adjusted net income.
• Shareholder Returns: The company continued its commitment to returning capital to shareholders, repurchasing approximately $250 million of its common stock and paying a dividend of $0.17 per share during the quarter.

Strategic Outlook and Commentary

Chairman, President, and CEO Jeff Miller expressed confidence in the company's strategic direction. He highlighted the company's focus on cost discipline, which is expected to deliver savings of $100 million per quarter, and a reset 2026 capital budget. Miller stated, "I am confident that our strategy execution will drive further outperformance," emphasizing the company's priorities of technology leadership and working with leading operators.

While the press release did not provide a specific quantitative financial outlook for the next quarter or full year, the strategic commentary underscores a focus on profitability and efficiency. Analysts are currently estimating revenue of $5.22 billion and EPS of $0.47 for the fourth quarter of 2025.

Conclusion

Halliburton's third-quarter results paint a picture of a company navigating a complex operating environment with operational success. The beats on both revenue and adjusted earnings estimates, coupled with a positive initial market reaction, highlight underlying business strength. The company's strategic focus on maximizing value in North America and capitalizing on international growth opportunities, while maintaining cost discipline, appears to be yielding results. The significant one-time charges, however, serve as a reminder of the volatility inherent in the energy sector.

For a detailed look at Halliburton's historical earnings and future analyst estimates, you can review the data here.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, financial advice, or any other form of professional advice. The information presented should not be used as the sole basis for any investment decisions.