Halliburton Company Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw $5.7B in revenue, strong international growth, and margin expansion despite Middle East disruptions. Major contract wins and technology deployments support a positive outlook, with guidance for continued margin improvement and capital discipline.
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Q1 2026 revenue was $5.4B with flat year-over-year growth, strong international performance, and North America showing early recovery signs. Middle East disruptions impacted results, but technology wins and contract awards in Latin America and offshore support a positive outlook.
Fiscal Year 2025
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Q4 2025 results exceeded expectations with $5.7B revenue and strong execution across segments. 2026 is expected to be a rebalancing year, with flat to modestly up international revenue and a high single-digit decline in North America. 85% of free cash flow was returned to shareholders.
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Q3 2025 revenue rose to $5.6B with strong margins and $250M in share repurchases. Cost reductions and a 30% CapEx cut for 2026 are underway, while international growth engines and technology leadership drive outperformance. VoltaGrid partnership expands growth in distributed power.
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Q2 2025 revenue rose 2% sequentially to $5.5B, with strong international growth offset by softness in North America and key markets like Saudi Arabia. Cost actions and technology leadership are prioritized as full-year revenue is expected to decline in both regions, but free cash flow guidance remains robust.
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Q1 2025 saw $5.4B in revenue and strong international contract wins, but faced headwinds from Mexico and tariffs. Technology leadership and capital returns remain priorities, with flat to slightly down international revenue expected for the year.
Fiscal Year 2024
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Full-year revenue reached $22.9B, with international growth offsetting a North America decline. Q4 revenue was $5.6B, operating margin 17%, and strong cash flow enabled $1.6B in shareholder returns. 2025 guidance calls for flat international and slightly lower North America revenue, with continued technology-driven growth.
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Q3 2024 saw $5.7B in revenue and 17% adjusted margin, with international growth offsetting North America declines. Cybersecurity and storms impacted results, but full-year cash flow and buyback targets remain intact. Technology and efficiency drive future growth.
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Q2 2024 saw $5.8B revenue, 18% margins, and strong international growth, offsetting North America softness. Free cash flow was $800M, with robust technology adoption and capital returns. International revenue is expected to grow 10% in 2024, while North America faces a 6%-8% decline.