Halliburton Company Earnings Call Transcripts
Fiscal Year 2026
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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 $22.2B revenue and strong execution across regions. 2026 is expected to be a rebalancing year, with international revenue flat to modestly up and North America down, while technology and capital discipline remain key drivers.
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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 revenue reached $5.7B with strong international growth offset by North America declines. Cybersecurity and storms had minor financial impact, but full-year cash flow and shareholder return guidance remain intact. Technology adoption and committed fleets support a positive 2025 outlook.
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Q2 2024 saw $5.8B revenue and 18% margin, with international growth offsetting North America softness. Free cash flow was $800M, and 2024 guidance includes 10% international revenue growth and higher free cash flow. Technology and efficiency drive resilience and future optimism.