Halliburton Co. (NYSE:HAL) Beats Q4 2025 Earnings and Revenue Estimates

Halliburton Co. (NYSE:HAL) closed its 2025 fiscal year on a strong note, delivering fourth-quarter results that surpassed Wall Street's expectations. The oilfield services giant reported robust earnings and revenue growth, driven by a resilient international business that offset continued softness in the North American market. The company's performance and its strategic focus on technology and shareholder returns were met with a positive initial reaction in pre-market trading.

Earnings and Revenue Beat

The company's fourth-quarter financials exceeded analyst forecasts on both the top and bottom lines. Halliburton reported adjusted earnings per share of $0.69, which came in well above the consensus estimate of $0.55. This represents a significant sequential improvement from the $0.58 per share reported in the third quarter.

On the revenue front, the company also outperformed. Total revenue for the quarter was $5.66 billion, surpassing the analyst estimate of approximately $5.47 billion. This marks a modest increase from the $5.6 billion in revenue generated in the prior quarter.

Key financial highlights from the quarter include:

• Net Income: $589 million, a substantial increase from $18 million in Q3 2025.
• Operating Income: $746 million, more than doubling the $356 million reported in the previous quarter.
• Full-Year 2025 Revenue: $22.2 billion, compared to $22.9 billion in 2024.

Market Reaction and Strategic Execution

The market responded favorably to the earnings beat. In pre-market trading following the announcement, Halliburton's stock was up approximately 1.4%, indicating investor approval of the quarterly performance and the company's strategic direction.

This positive sentiment is likely tied not only to the earnings surprise but also to Halliburton's disciplined capital allocation. During the quarter, the company demonstrated its commitment to returning value to shareholders through several key actions:

• Repurchased $250 million of its common stock.
• Retired $382 million of senior notes.
• Paid a quarterly dividend of $0.17 per share.

Geographic and Segment Performance

A clear theme in the quarterly results was the divergence between international and North American markets. While total revenue was flat sequentially across its two main segments, profitability improved due to a favorable mix of higher-margin activities.

• International Business: Revenue grew 7% sequentially to $3.5 billion, with growth across Latin America, Europe/Africa/CIS, and the Middle East/Asia. Management highlighted strength in completion tool sales, software, and well intervention services.
• North America: Revenue declined 7% to $2.2 billion, primarily due to lower stimulation and fluid services activity. CEO Jeff Miller stated the company would continue its "Maximize Value" strategy in the region, expecting it to be "the first to respond when macro fundamentals improve."

Technology and Outlook

The earnings release highlighted several technological advancements and new contracts, including a strategic collaboration with VoltaGrid to develop power solutions for data centers and the launch of the StreamStar™ wired drill pipe system. These initiatives underscore Halliburton's focus on innovation and efficiency.

While the press release did not provide specific quantitative financial guidance for 2026, CEO Jeff Miller expressed confidence in the business outlook. Analysts currently estimate revenue of approximately $21.8 billion and earnings per share around $2.23 for the full year 2026. For the upcoming first quarter, the consensus estimates are for revenue of $5.33 billion and EPS of $0.51.

For a detailed breakdown of past performance and future analyst estimates for Halliburton, you can review the earnings and estimates data here.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, financial analysis, or a recommendation to buy or sell any security. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.