The earnings call highlighted Halliburton's strong international performance and technological advancements, while facing challenges in North America due to pricing pressures and activity reductions. The company is focused on cost management and improving free cash flow amidst market volatility.

Company Guidance

During the Halliburton Second Quarter 2025 Earnings Conference Call, the company provided guidance indicating a challenging outlook for the oilfield services market due to geopolitical unrest, trade uncertainties, and OPEC+ production cuts. Despite these challenges, Halliburton reported a 2% sequential growth in international revenue, reaching $3.3 billion, while North American revenue remained flat at $2.3 billion. The company anticipates a mid-single-digit contraction in international revenue for 2025, driven by activity reductions in Saudi Arabia and Mexico. In North America, a low double-digit year-over-year revenue decline is expected due to reduced drilling and completion activities. Halliburton emphasized its strategic focus on advanced technologies, such as the ZEUS IQ platform and iCruise, to drive differentiation and enhance returns, while also committing to reducing costs and reallocating underperforming assets to address market softness. The company reaffirmed its commitment to free cash flow and capital discipline, projecting capital expenditures to be about 6% of revenue for the full year 2025.

International Revenue Growth

Halliburton delivered a quarterly revenue of $3.3 billion internationally, with a 2% sequential growth, driven by activity increases in Latin America and Europe, Africa.

Strong Performance in Brazil and Norway

Halliburton expects growth in Brazil and Norway, as well as offshore frontier basins, due to securing key wins through technology, operational excellence, and a collaborative approach.

Record Quarterly Stage Count in Argentina

In Argentina, Halliburton achieved a record quarterly stage count and performed the first sensory fiber optic fracture monitoring service, expanding unconventional technologies outside of North America.

Innovative Technology Deployment

Globally, Halliburton surpassed 0.5 million feet drilled with LOGIX closed-loop automation and completed an important trial with a customer in the Middle East.

Strong Demand for Artificial Lift

Halliburton secured its largest international ESP contract to date from a Middle East NOC, with international artificial lift revenue expected to grow over 20% this year.

Cash Flow and Share Repurchase

Halliburton's Q2 cash flow from operations was $896 million, with free cash flow of $582 million, and the company repurchased approximately $250 million of common stock.

Halliburton (HAL) Earnings, Revenues Date & History

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HAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 21, 2025	2025 (Q3)	0.50 / -	0.73	―	―	―
Jul 22, 2025	2025 (Q2)	0.55 / 0.55	0.8	-31.25% (-0.25)
Apr 22, 2025	2025 (Q1)	0.60 / 0.60	0.76	-21.05% (-0.16)
Jan 22, 2025	2024 (Q4)	0.69 / 0.70	0.86	-18.60% (-0.16)
Nov 07, 2024	2024 (Q3)	0.75 / 0.73	0.79	-7.59% (-0.06)
Jul 19, 2024	2024 (Q2)	0.80 / 0.80	0.77	3.90% (+0.03)
Apr 23, 2024	2024 (Q1)	0.74 / 0.76	0.72	5.56% (+0.04)
Jan 23, 2024	2023 (Q4)	0.80 / 0.86	0.72	19.44% (+0.14)	―
Oct 24, 2023	2023 (Q3)	0.77 / 0.79	0.6	31.67% (+0.19)
Jul 19, 2023	2023 (Q2)	0.75 / 0.77	0.49	57.14% (+0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$21.02	$21.23	+1.00%
Apr 22, 2025	$21.57	$20.37	-5.56%
Jan 22, 2025	$28.86	$27.83	-3.57%
Nov 07, 2024	$29.65	$28.72	-3.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.