Financial Data and Key Metrics Changes - Halliburton reported total company revenue of $22.2 billion for 2025, with an adjusted operating margin of 14% [5] - International revenue was $13.1 billion, down 2% year over year, while North America revenue was $9.1 billion, a decrease of 6% year over year [5] - The company generated $2.9 billion in cash flow from operations and $1.9 billion in free cash flow, returning 85% of free cash flow to shareholders [6][5] - Q4 reported net income per diluted share was $0.70, with adjusted net income per diluted share at $0.69 [23] Business Line Data and Key Metrics Changes - Completion and Production division revenue in Q4 was $3.3 billion, flat compared to Q3 2025, with operating income increasing by 11% to $570 million [24] - Drilling and Evaluation division revenue in Q4 was $2.4 billion, also flat compared to Q3 2025, with operating income increasing by 5% to $367 million [24] Market Data and Key Metrics Changes - International revenue increased by 7% in Q4 compared to Q3 2025, with Europe-Africa revenue up 12% and Latin America revenue up 7% [25] - North America revenue in Q4 was $2.2 billion, a 7% decrease sequentially, primarily due to lower stimulation activity [26] Company Strategy and Development Direction - Halliburton's strategy focuses on maximizing value rather than market share, prioritizing returns and developing technology to improve recovery [17][21] - The company is confident in its collaborative value proposition and technology, which are expected to drive future growth [10][21] - Halliburton anticipates a rebalancing year in 2026, with expectations for international activity to remain stable and North America to experience a decline in revenue [7][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future of oilfield services, highlighting the importance of technology adoption for improving recovery [17][21] - The company expects moderate softness in key markets, particularly North America, but anticipates a rebalancing of supply and demand in the medium term [7][8] - Management noted that the return of OPEC spare capacity and higher non-OPEC production has created a market with abundant supply [7] Other Important Information - Halliburton announced the promotion of Shannon Slocum to Chief Operating Officer effective January 1st [22] - The company expects capital expenditures for 2026 to be about $1.1 billion, consistent with prior guidance [27] Q&A Session Summary Question: Update on Venezuela - Management indicated that Halliburton could scale up operations in Venezuela quickly once legal and commercial terms are resolved, with a potential market size that could grow significantly over time [36][39] Question: Margin Outlook for 2026 - Management expects the second half of 2026 to show stronger margins compared to the first half, with stable pricing in the frac business [41][42] Question: International Market Breakdown - Management provided a regional outlook, indicating growth in Latin America, flat conditions in the Middle East, and a stable outlook in Asia-Pacific for 2026 [56] Question: VoltaGrid Business Potential - Management expressed excitement about the potential of the VoltaGrid business, indicating a solid pipeline and the possibility of significant growth over time [60][61] Question: North America Stimulation Market - Management noted that frac pricing is stable, with expectations for gradual improvement as equipment attrition continues and demand increases [66][68] Question: Completion Tool Sales Impact - Management explained that the expected decline in margins for Q1 is primarily due to the roll-off of completion tool sales and typical seasonality [72][74]

Financial Data and Key Metrics Changes - Halliburton reported total company revenue of $22.2 billion for 2025, with an adjusted operating margin of 14% [5] - International revenue was $13.1 billion, down 2% year over year, while North America revenue was $9.1 billion, a decrease of 6% year over year [5] - The company generated $2.9 billion in cash flow from operations and $1.9 billion in free cash flow, returning 85% of free cash flow to shareholders [5] Business Line Data and Key Metrics Changes - Completion and Production division revenue in Q4 was $3.3 billion, flat compared to Q3 2025, with operating income increasing by 11% to $570 million [17] - Drilling and Evaluation division revenue in Q4 was $2.4 billion, also flat compared to Q3 2025, with operating income increasing by 5% to $367 million [18] Market Data and Key Metrics Changes - International revenue increased by 7% in Q4 compared to Q3 2025, with Europe-Africa revenue up 12% and Middle East Asia revenue up 3% [18] - North America revenue in Q4 was $2.2 billion, a 7% decrease sequentially, primarily due to lower stimulation activity [19] Company Strategy and Development Direction - The company anticipates 2026 to be a year of rebalancing, with expectations of stable international activity and moderate softness in North America [6][22] - Halliburton's strategy focuses on maximizing value rather than market share, prioritizing technology adoption to improve recovery [13][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future of oilfield services, highlighting the importance of technology and collaboration in driving growth [6][15] - The company sees potential growth opportunities in Venezuela, contingent on resolving commercial and legal terms [11][24] Other Important Information - Halliburton repurchased $1 billion of its common stock during the year, reducing the share count to its lowest levels in 10 years [5] - The company expects capital expenditures for 2026 to be about $1.1 billion, excluding potential spending for re-entry into Venezuela [20] Q&A Session Summary Question: What is the potential size of the opportunity in Venezuela and how quickly can Halliburton scale up? - Management indicated that they could scale up fairly quickly in Venezuela, with existing operating bases facilitating equipment movement [24][25] Question: What are the expectations for margins in 2026? - Management expects the second half of 2026 to show stronger margins compared to the first half, with a stable pricing environment [26][29] Question: Can you provide a breakdown of international market expectations for 2026? - Latin America is expected to lead growth, particularly in Brazil and Argentina, while the Middle East is anticipated to be flat [31] Question: How do the prospective returns on power projects compare to organic investments? - Returns on power projects are expected to be higher than current returns in North America, but it will depend on specific opportunities [55]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

格隆汇1月21日｜美国油田服务公司哈利伯顿公布第四季度业绩，营收为57亿美元，超过分析师预期的 54.12亿美元；调整后每股收益为69美分，亦超过预期的55美分，主要是因为国际市场对其服务和设备 的需求稳定。 ...

Core Viewpoint - Halliburton (HAL.US) reported better-than-expected Q4 earnings, driven by strong international demand for its oil services and equipment, leading to a significant increase in net profit that surpassed Wall Street expectations [1] Group 1: Financial Performance - The company's Q4 revenue reached $5.7 billion, exceeding market expectations of $5.41 billion, with adjusted earnings per share at $0.69, well above the analyst forecast of $0.55 [1] - International business revenue grew by 2.9% year-over-year to $3.5 billion, supported by increased sales of completion tools in Brazil, the North Sea, and the Caribbean, as well as software sales in Mexico [1] - North American revenue remained flat at $2.2 billion, but the CEO expressed confidence that the North American market would respond first once macroeconomic fundamentals improve [1] Group 2: Business Segments - The completion and production segment maintained revenue at $3.3 billion, with operating profit increasing by 11% to $570 million [1] - The drilling and evaluation segment also held steady at $2.4 billion in revenue, with operating profit rising by 5% to $367 million [1] Group 3: Strategic Initiatives - Halliburton confirmed a pre-tax expense of $83 million, partly related to asset impairment and severance costs [2] - The company is exploring potential investment opportunities in Venezuela, having met with the White House regarding a $100 billion investment plan to revitalize the Venezuelan oil industry [2] - Halliburton has begun recruiting for multiple positions in Venezuela, indicating a strong interest in re-entering the South American market [2]

Core Viewpoint - Halliburton's stock increased following the announcement of adjusted earnings of 69 cents per share on revenue of $5.7 billion [1] Financial Performance - The company reported adjusted earnings of 69 cents per share [1] - Revenue for the quarter was $5.7 billion [1]

Halliburton's fourth-quarter profit slipped despite an uptick in revenue, boosted by strength across the company's international business. ...

Halliburton surpassed Wall Street expectations for fourth-quarter profit on Wednesday, on the back of steady demand for its services and equipment in international markets. ...

Financial Performance - Halliburton reported net income of $589 million, or $0.70 per diluted share, for Q4 2025, a significant increase from $18 million, or $0.02 per diluted share, in Q3 2025[4]. - Total revenue for Q4 2025 was $5.7 billion, up from $5.6 billion in Q3 2025, with an operating income of $746 million compared to $356 million in the previous quarter[4]. - For the full year 2025, total revenue was $22.2 billion, a decrease from $22.9 billion in 2024, and operating income was $2.3 billion, down from $3.8 billion in 2024[5]. - Halliburton's adjusted operating income for Q4 2025 was $829 million, compared to $748 million in Q3 2025, reflecting improved operational efficiency[4]. - Net income for 2025 was $1,292 million, down 48.7% from $2,516 million in 2024, resulting in a basic net income per share of $1.50 compared to $2.84 in the previous year[45]. - Total operating income decreased to $2,260 million in 2025 from $3,822 million in 2024, reflecting a decline of 40.7%[46]. - Adjusted operating income for 2025 was $3,091 million, down from $3,938 million in 2024, reflecting a decline of 21.5%[51]. - Net income attributable to the company for 2025 was $1,283 million, a decrease of 48.7% compared to $2,501 million in 2024[59]. - Adjusted net income attributable to the company for 2025 was $2,061 million, down from $2,644 million in 2024, representing a decline of 21.9%[59]. - Net income per diluted share for 2025 was $1.50, down from $2.83 in 2024, a decline of 47.0%[59]. - Adjusted net income per diluted share for 2025 was $2.42, compared to $2.99 in 2024, reflecting a decrease of 19.0%[59]. Cash Flow and Expenditures - Cash flow from operations in Q4 2025 was $1.2 billion, with free cash flow of $875 million, representing an 85% return of free cash flow to shareholders for the full year[9]. - Cash flows from operating activities for 2025 were $2,926 million, down from $3,865 million in 2024[40]. - Free cash flow for the year ended December 31, 2025, was $1,857 million, compared to $2,646 million in 2024, a decrease of 29.8%[61]. - Capital expenditures for 2025 were $1,254 million, a decrease from $1,442 million in 2024[40]. Revenue Breakdown - North America revenue in Q4 2025 was $2.2 billion, a 7% decrease sequentially, primarily due to lower stimulation activity[12]. - International revenue increased by 7% to $3.5 billion in Q4 2025, driven by higher completion tool sales and improved well intervention services[13]. - Revenue from North America for 2025 was $9,066 million, down from $9,626 million in 2024, representing a decline of 5.8%[45]. Impairments and Charges - Impairments and other charges for 2025 amounted to $831 million, significantly higher than $116 million in 2024[45]. - The company incurred a charge of $23 million due to the impairment of an investment in Argentina during 2025[31]. - Halliburton incurred a charge of $23 million due to the impairment of an investment in Argentina during the three months ended September 30, 2025[56]. Strategic Initiatives - Halliburton announced a strategic collaboration with VoltaGrid to deliver distributed power generation solutions, targeting an initial rollout in the Middle East with 400 megawatts of modular natural gas power systems by 2028[18]. - The company launched the StreamStar™ wired drill pipe interface system, enhancing real-time data delivery and downhole power, aimed at reducing well construction time[18]. - Halliburton repurchased $250 million of its common stock and paid dividends of $0.17 per share during the fourth quarter[19]. Future Outlook - The company plans to host a conference call on January 21, 2026, to discuss its fourth quarter 2025 financial results[63].

Core Insights - Halliburton Company reported a net income of $589 million, or $0.70 per diluted share, for Q4 2025, a significant increase from $18 million, or $0.02 per diluted share, in Q3 2025 [1] - Total revenue for Q4 2025 was $5.7 billion, slightly up from $5.6 billion in Q3 2025, with operating income rising to $746 million from $356 million in the previous quarter [1][2] - For the full year 2025, total revenue was $22.2 billion, down from $22.9 billion in 2024, and operating income decreased to $2.3 billion from $3.8 billion in 2024 [2] Financial Performance - Adjusted net income for Q4 2025, excluding impairments and other charges, was $576 million, or $0.69 per diluted share, compared to $496 million, or $0.58 per diluted share in Q3 2025 [1][31] - Adjusted operating income for Q4 2025 was $829 million, up from $748 million in Q3 2025 [1][26] - The company repurchased $250 million of its common stock and paid dividends of $0.17 per share during Q4 2025 [14] Operating Segments - Completion and Production segment revenue for Q4 2025 was $3.3 billion, flat sequentially, with operating income increasing by 11% to $570 million [5] - Drilling and Evaluation segment revenue was $2.4 billion, also flat sequentially, with a 5% increase in operating income to $367 million [6] Geographic Performance - North America revenue in Q4 2025 was $2.2 billion, a 7% decrease sequentially, primarily due to lower stimulation activity [7][8] - International revenue increased by 7% to $3.5 billion in Q4 2025, with notable growth in Latin America (up 7% to $1.1 billion) and Europe/Africa/CIS (up 12% to $928 million) [9][10][11] Strategic Initiatives - Halliburton is focusing on its Maximize Value strategy in North America, anticipating a quicker response to macroeconomic improvements [4] - The company has entered a strategic collaboration with VoltaGrid to deliver distributed power generation solutions for data centers, targeting an initial rollout in the Middle East [14]