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Halliburton 8-K Report, Financial Results (Jan 21, 2026)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed January 21, 2026
Period End
January 21, 2026
Security
HAL
In the record · 2016–202610-K1110-Q338-K122

HAL filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 122 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’16May ’16
  2. Material agreement8-K · Mar ’20Mar ’20
  3. Leadership change8-K · May ’22May ’22
  4. Leadership change8-K · Jan ’25Jan ’25

01—Abstract

Summary

Summary of the 8-K filed January 21, 2026. Cited figures are marked; the original filing is the authoritative source.

Halliburton Company (NYSE: HAL) reported financial results for the fourth quarter ended December 31, 2025 in a press release furnished as Exhibit 99.1 to this Form 8-K under Items 2.02 and 7.01.

The company reported net income of $589 milliona, or $0.70 per diluted share, and adjusted net income of $576 million, or $0.69 per diluted share, excluding impairments and other charges and tax adjustments. Total revenue was $5.7 billion ($5,657 million), compared with $5.6 billion in the third quarter of 2025, and operating income was $746 million, compared with $356 million in the third quarter. Adjusted operating income was $829 million, and the operating margin was 13% with an adjusted operating margin of 15%.

For the full year 2025, total revenue was $22.2 billionb versus $22.9 billion in 2024, and operating income was $2.3 billion versus $3.8 billion. Adjusted operating income was $3.1 billion versus $3.9 billion in 2024. Cash flow from operations was $1.2 billion in the fourth quarter and free cash flow was $875 million.

For the full year, the company repurchased $1 billionc of stock and returned 85% of free cash flow to shareholders. Management stated that North America is expected to be the first region to respond when macro fundamentals improve. During the quarter, Halliburton repurchased $250 million of common stock, retired $382 million of 3.8% senior notes due November 2025, and paid dividends of $0.17 per share.

The press release also highlighted commercial and product announcements, including a distributed power collaboration with VoltaGrid for data centers, a framework agreement with Shell for umbilical-less tubing hanger services, and a contract award in OML 144 offshore Nigeria. The 8-K notes that non-GAAP measures are reconciled in the press release and on the company's website.

02—Key points

Key Highlights

  1. Q4 2025 net income of $589 million ($0.70 per diluted share); adjusted net income of $576 million ($0.69 per diluted share).
  2. Q4 2025 total revenue of $5.7 billion, up from $5.6 billion in Q3 2025; operating income of $746 million versus $356 million in Q3 2025.
  3. Q4 2025 adjusted operating income of $829 million; operating margin of 13% and adjusted operating margin of 15%.
  4. Full-year 2025 revenue of $22.2 billion versus $22.9 billion in 2024; full-year operating income of $2.3 billion versus $3.8 billion.
  5. Q4 2025 cash flow from operations of $1.2 billion and free cash flow of $875 million; full-year free cash flow of $1,857 million.
  6. Full-year 2025 share repurchases of $1 billion and 85% of free cash flow returned to shareholders.
  7. Q4 2025 Completion and Production revenue of $3.3 billion and Drilling and Evaluation revenue of $2.4 billion, both flat sequentially.

03—Questions

Frequently Asked Questions

  1. How did Halliburton perform in the fourth quarter of 2025?

    Halliburton reported net income of $589 million, or $0.70 per diluted share, and adjusted net income of $0.69 per diluted share, excluding impairments and other charges and tax adjustments. Revenue was $5.7 billion, and operating income was $746 million, compared with $356 million in the third quarter of 2025.

  2. How did full-year 2025 results compare with 2024?

    Full-year 2025 total revenue was $22.2 billion, compared with $22.9 billion in 2024. Operating income was $2.3 billion versus $3.8 billion, and adjusted operating income was $3.1 billion versus $3.9 billion.

  3. What did Halliburton do with its cash in 2025?

    For the full year, Halliburton generated free cash flow of $1,857 million, repurchased $1 billion of common stock, and returned 85% of free cash flow to shareholders. In the fourth quarter alone, it repurchased $250 million of stock, retired $382 million of senior notes, and paid $0.17 per share in dividends.

  4. What did management say about the outlook?

    Chairman, President and CEO Jeff Miller said the company is confident in its outlook and its ability to deliver leading returns. He said North America will continue its Maximize Value strategy and is expected to be the first region to respond when macro fundamentals improve, and he described the international business as strong.

  5. What were the notable operational announcements?

    The press release cited a collaboration with VoltaGrid for distributed power for data centers, with 400 megawatts of modular natural gas power systems secured for delivery in 2028. It also cited a framework agreement with Shell for umbilical-less tubing hanger services, the launch of the StreamStar wired drill pipe interface system, and an Integrated Drilling Services contract in OML 144 offshore Nigeria.

04—Continue

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