01—Abstract
Summary
Summary of the 8-K filed July 22, 2025. Cited figures are marked; the original filing is the authoritative source.
Halliburton Company reported second-quarter 2025 results in a press release furnished as Exhibit 99.1 to this Form 8-K, filed under Items 2.02 and 7.01.
The company reported net income of $472 milliona, or $0.55 per diluted share, compared with $204 million, or $0.24 per diluted share, in the first quarter of 2025. Total revenue was $5.5 billion, up from $5.4 billion in the first quarter, and operating income was $727 million, compared with $431 million in the first quarter. The first-quarter operating income included $356 million of impairments and other charges, which the company excluded when presenting adjusted figures.
Cash flow from operations was $896 millionb and free cash flow was approximately $582 million, a non-GAAP measure. During the quarter, Halliburton repurchased approximately $250 million of common stock and paid dividends of $0.17 per share. Chairman, President and CEO Jeff Miller said the oilfield services market will be softer than he previously expected over the short to medium term, and that the company will take action to address the near-term softness.
He also said the company remains fully committed to its shareholder returns framework. In international markets, he noted that activity reductions in a few large markets will likely outweigh solid performance elsewhere. He expects Halliburton to continue to outpace competitors in North America.
By segment, Completion and Production revenue was $3.2 billionc and operating income was $513 million, while Drilling and Evaluation revenue was $2.3 billion and operating income was $312 million. Among geographic regions, North America revenue was $2.3 billion, International revenue was $3.3 billion, and the Middle East/Asia region was $1.5 billion, down 4% sequentially.
02—Key points
Key Highlights
- Q2 2025 net income attributable to the company was $472 million, or $0.55 per diluted share, versus $204 million, or $0.24 per diluted share, in Q1 2025.
- Total revenue was $5.5 billion in Q2 2025, compared with $5.4 billion in Q1 2025, and operating margin was 13%.
- Operating income was $727 million in Q2 2025, versus $431 million in Q1 2025, which included $356 million of impairments and other charges.
- Cash flow from operations was $896 million and free cash flow was approximately $582 million in Q2 2025.
- Halliburton repurchased approximately $250 million of its common stock and paid dividends of $0.17 per share during the quarter.
- CEO Jeff Miller said the oilfield services market will be softer than previously expected over the short to medium term, and the company will take action to address near-term softness.
- The company stated it remains fully committed to its shareholder returns framework.
03—Questions
Frequently Asked Questions
How did Halliburton perform in the second quarter of 2025?
Halliburton reported net income of $472 million, or $0.55 per diluted share, on total revenue of $5.5 billion and operating income of $727 million. Revenue rose from $5.4 billion in the first quarter of 2025, and operating income increased from $431 million, a figure that included $356 million of impairments and other charges.
How much cash did Halliburton generate and return to shareholders?
Cash flow from operations was $896 million and free cash flow was approximately $582 million in the second quarter. The company repurchased approximately $250 million of common stock and paid dividends of $0.17 per share.
What did management say about the outlook for the oilfield services market?
CEO Jeff Miller said the oilfield services market will be softer than he previously expected over the short to medium term. He said Halliburton will take action to address near-term softness and remains fully committed to its shareholder returns framework.
How did the business segments perform?
Completion and Production revenue was $3.2 billion, with operating income of $513 million, a decrease of $18 million compared with the first quarter. Drilling and Evaluation revenue was $2.3 billion, with operating income of $312 million, a decrease of $40 million compared with the first quarter.
What do the non-GAAP measures in the filing represent?
The press release includes non-GAAP measures such as free cash flow, adjusted operating income, and adjusted net income. Halliburton describes them as useful for assessing operating performance and reconciles each to the most directly comparable GAAP measure in the press release's footnote tables.
04—Continue