Halliburton(HAL)2025-04-22 10:52Financial Performance - Halliburton reported net income of 0.24 per diluted share, for Q1 2025, a decrease from 0.68 per diluted share, in Q1 2024[1]. - Total revenue for Q1 2025 was 5.8 billion in Q1 2024, with operating income decreasing to 987 million[1][2]. - Adjusted net income for Q1 2025 was 0.60 per diluted share, compared to 0.76 per diluted share, in Q1 2024[1]. - Net income attributable to the company for Q1 2025 was 606 million in Q1 2024[35]. - Adjusted operating income for Q1 2025 was 987 million in Q1 2024, reflecting a decline of 20.3%[31]. - Free cash flow for Q1 2025 was 206 million in Q1 2024[39]. - Total cash flows provided by operating activities decreased to 487 million in Q1 2024, a decline of 22.6%[28]. - Capital expenditures for Q1 2025 were 330 million in Q1 2024[28]. - The company recognized impairments and other charges totaling 3.1 billion, while Drilling and Evaluation revenue fell by 6% to 2.2 billion, primarily due to lower stimulation activity in US Land[7]. - International revenue was 896 million[8][9]. - North America revenue decreased to 2,546 million in Q1 2024, a decline of 12.2%[30]. - Operating income for the Completion and Production segment was 688 million in Q1 2024[30]. Strategic Initiatives - Halliburton launched autonomous hydraulic fracturing technology in North America and secured a contract with Petrobras for integrated drilling services in Brazil[14]. - Halliburton achieved the world's first closed-loop, autonomous fracturing operation, indicating strong technology adoption[3]. - The company recognized a pre-tax charge of $356 million due to severance costs and impairments during Q1 2025[14]. Upcoming Events - The company plans to host a conference call on April 22, 2025, to discuss its Q1 2025 financial results[40].