First Quarter Fiscal 2025 Overview

Halliburton Company announced a significant 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. This decline reflects the ongoing challenges in the global energy sector.

Financial Performance Details

The company's net income saw a drastic 66% drop to $203 million, or $0.24 per diluted share, for the quarter ending March 31. A closer look reveals a 12% revenue decrease in North America to $2.2 billion and a 2% fall in the International segment to $3.2 billion.

Leadership Perspective

Jeff Miller, Halliburton's Chairman, President, and CEO, expressed satisfaction with the quarter's performance, highlighting an adjusted operating margin of 14.5%. "Our first quarter international tender activity was strong," Miller noted, "Halliburton won meaningful integrated offshore work extending through 2026 and beyond."

Market Reaction

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