Halliburton's Q1 Financial Performance Overview

Halliburton Company announced a 6.9% decrease in revenue for the first quarter of fiscal 2025, totaling $5.4 billion, down from $5.8 billion in the same period last year.

Significant Decline in Net Income

The report highlighted a dramatic 66% drop in net income to $203 million, or $0.24 per diluted share, for the quarter ending March 31. This downturn reflects the challenging environment the company is navigating.

Regional Revenue Breakdown

North America saw a 12% revenue decrease to $2.2 billion, while the International segment experienced a 2% decline to $3.2 billion. Despite these figures, Halliburton remains optimistic about its international prospects.

Leadership's Perspective

"I am pleased with our performance in the first quarter. We delivered total company revenue of $5.4 billion and adjusted operating margin of 14.5%," said Jeff Miller, Halliburton's Chairman, President, and CEO. He also noted strong international tender activity and significant offshore work secured through 2026.

Market Reaction

Following the report's release, Halliburton shares fell by 2.71% in premarket trading in New York, signaling investor concerns over the quarterly results.