Halliburton Faces Revenue Decline in Q1 2025

In the first quarter of fiscal 2025, Halliburton Company experienced a 6.9% decrease in revenue, dropping to $5.4 billion from $5.8 billion in the same period the previous year.

Significant Drop in Net Income

The company's net income saw a dramatic fall of 66%, amounting to $203 million or $0.24 per diluted share for the quarter ending March 31.

Regional Revenue Performance

Revenue in North America declined by 12% to $2.2 billion, while the International segment saw a 2% decrease to $3.2 billion.

Leadership's Perspective

Jeff Miller, Chairman, President, and CEO of Halliburton, expressed satisfaction with the quarter's performance, highlighting adjusted operating margin of 14.5% and strong international tender activity, including significant offshore projects extending into 2026.

Market Reaction

Following the report, Halliburton shares fell by 2.71% in premarket trading in New York.