Financial Performance Overview

Halliburton Company announced a significant downturn in its first-quarter revenue for fiscal 2025, reporting a 6.9% decrease to $5.4 billion from $5.8 billion in the same period last year. The company also faced a sharp decline in net income, which fell by 66% to $203 million, or $0.24 per diluted share.

Regional Revenue Breakdown

The report highlighted a 12% decrease in North America revenue, totaling $2.2 billion, while the International segment saw a 2% drop to $3.2 billion. Despite these challenges, Jeff Miller, Halliburton's Chairman, President, and CEO, expressed satisfaction with the company's performance, citing strong international tender activity and significant offshore work secured through 2026.

Market Reaction

Following the announcement, Halliburton's shares experienced a 2.71% decline in premarket trading in New York, reflecting investor concerns over the company's recent financial results.