First Quarter Fiscal 2025 Results

Halliburton Company announced on Tuesday a 6.9% decrease in revenue for the first quarter of fiscal 2025, totaling $5.4 billion, down from $5.8 billion in the same quarter the previous year.

Financial Performance Overview

The report highlighted a 66% plunge in net income to $203 million, or $0.24 per diluted share, for the quarter ending March 31. Revenue in North America saw a 12% decline to $2.2 billion, while the International segment experienced a 2% drop to $3.2 billion.

Leadership's Perspective

Jeff Miller, Chairman, President, and CEO of Halliburton, expressed satisfaction with the quarter's performance, stating, "We delivered total company revenue of $5.4 billion and adjusted operating margin of 14.5%." He also noted "strong first quarter international tender activity" and significant wins in integrated offshore work extending through 2026 and beyond.

Market Reaction

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