HALLIBURTON (HAL) Company Report

Halliburton will provide umbilical-less tubing hanger installation and retrieval services using its ROCS technology under a framework agreement with Shell, following a successful three-well phase in the Gulf of America.
The Remote Operated Control System (ROCS) reduces surface pressure risks and personnel exposure, enabling up to 75% fewer deck operations and faster run-in and pull-out procedures.
ROCS has been deployed in the Norwegian Continental Shelf, West Africa, and the Gulf of America, achieving the deepest umbilical-less operation to date at 8,458 ft.
The agreement highlights ROCS’s potential for broader adoption across deepwater rig fleets, aiming to boost safety and efficiency in complex environments.

Oct 27, 2025, 12:00 PM

Press Release

Halliburton reports Q3 2025 earnings results

HAL

Earnings

Guidance Update

New Projects/Investments

Halliburton delivered $5.6 B in Q3 revenue with an adjusted operating margin of 13%, generated $276 M in free cash flow, repurchased $250 M of stock, and enacted cost actions expected to save $100 M per quarter
By region, Q3 international revenue was $3.2 B (–2% YoY) and roughly flat sequentially, while North America revenue was $2.4 B (flat YoY, +5% sequential) driven by stronger Gulf of Mexico activity
Q4 guidance calls for international revenue to rise 3–4% sequentially, North America revenue to fall 12–13%, Completion & Production division revenue down 4–6% with margins –25 to –75 bps, and Drilling & Evaluation revenue flat to –2% with margins +50 to +100 bps
For 2026, capex is reset ~30% lower to $1.0 B, non-core equipment will be idled, and the company will maintain technology investment alongside cost and capital discipline
Halliburton signed an agreement to partner with Voltigrid on delivering distributed power solutions for data centers outside North America, leveraging its global execution capabilities

Oct 21, 2025, 1:00 PM

Transcript

Halliburton reports Q3 2025 results

HAL

Earnings

Guidance Update

Share Buyback

Q3 revenue $5.6 billion (+2% sequentially), adjusted operating margin 13%, adjusted EPS $0.58.
Completion & Production revenue $3.2 billion (+2% QoQ; margin 16%); Drilling & Evaluation revenue $2.4 billion (+2% QoQ; margin 15%).
Q3 free cash flow $276 million, repurchased $250 million of stock; recorded $284 million of severance/assets write-offs, expected $100 million in quarterly savings.
Q4 outlook: North America revenue down 12–13% sequentially; C&P revenues down 4–6% (margins −25 to −75 bps); D&E revenues flat to −2% (margins +50 to +100 bps).

Oct 21, 2025, 1:00 PM

Transcript

Halliburton reports Q3 2025 results

HAL

Earnings

Share Buyback

Adjusted EPS of $0.58, beating estimates by $0.08, and revenue of $5.6 billion, surpassing forecasts by over $200 million despite a slight YoY decline
Announced a $250 million share buyback and cost-cutting measures expected to save about $100 million per quarter
North America segment revenue of $2.4 billion, above analyst estimates, supported by an 8-rig increase to 548 rigs
Adjusted net income of $496 million versus $571 million year-ago; reported net income fell to $18 million YoY
Maintains strong liquidity with a current ratio of 2.0, quick ratio of 1.47, debt-to-equity of 0.82, Altman Z-Score of 3.12, and Beneish M-Score of -2.66

Oct 21, 2025, 10:57 AM

Morningstar

Halliburton announces Q3 2025 results

HAL

Earnings

Share Buyback

Reported $5.6 billion in revenue, up sequentially, with a GAAP operating margin of 6% and an adjusted operating margin of 13%.
Posted GAAP net income of $18 million (EPS $0.02) and adjusted net income of $496 million (adjusted EPS $0.58).
Generated $488 million of operating cash flow and $276 million of free cash flow in the quarter.
Returned approximately $250 million to shareholders through share repurchases.

Oct 21, 2025, 10:53 AM

8-K

Halliburton collaborates with VoltaGrid on distributed power solutions for data centers

HAL

New Projects/Investments

Halliburton and VoltaGrid signed a strategic collaboration to deliver distributed power solutions for data centers worldwide, with an initial roll-out in the Middle East.
The partnership leverages Halliburton’s global operational footprint, local infrastructure, and regulatory expertise alongside VoltaGrid’s proprietary QPac platform and engineering capabilities.
The joint venture will develop and operate advanced, efficient, and sustainable power generation systems using turbines, reciprocating engines, and modular designs to meet growing data center demands.
The agreement underscores Halliburton’s push into sustainable energy infrastructure and gives VoltaGrid access to Halliburton’s global market presence.

Oct 20, 2025, 9:15 PM

Press Release

Halliburton wins multiple 2026 deepwater contracts from Petrobras in Brazil

HAL

New Projects/Investments

Halliburton secured multiple 2026 contracts with Petrobras for deepwater operations in Brazil, deploying SmartWell intelligent completion technology in the Búzios field to optimize reservoir management and production.
The company will supply EcoStar electric tubing retrievable safety valves for the Sépia and Atapu fields to enhance safety and operational efficiency.
Halliburton’s Stim Star Brasil vessel is slated to deliver stimulation services aimed at improving reservoir productivity and extending field life.
These awards reinforce Halliburton’s dominant position in hydraulic fracturing, completions, and directional drilling, and underscore its long-term collaboration with Petrobras.

Oct 15, 2025, 1:14 PM

Morningstar

Halliburton enters $3.5B five-year revolving credit agreement

HAL

Debt Issuance

On August 18, 2025, Halliburton entered into a US$3.5 billion, five-year revolving credit agreement with Citibank, N.A. as administrative agent, maturing on August 16, 2030, for general working capital purposes.
The new 2025 Credit Agreement replaces and terminates Halliburton’s prior US$3.5 billion revolving credit facility dated April 27, 2022, which was ended on August 18, 2025.
The facility contains customary affirmative and negative covenants and events of default typical for a credit agreement of this nature.

Aug 20, 2025, 12:00 AM

8-K

Halliburton-backed DISA closes $30M Series A2 round

HAL

New Projects/Investments

DISA Technologies secured $30 million in Series A2 financing—$23 million primary and $7 million secondary—to advance commercial deployment of its HPSA technology.
The round was led by Evok Innovations with strategic investment from Constellation Technology Ventures, alongside Valor Equity Partners, Veriten, and existing support from Halliburton Labs.
DISA’s patented High-Pressure Slurry Ablation (HPSA) technology targets critical mineral grade improvement and recovery from mined ore, plus remediation of abandoned uranium mine waste by recycling uranium and vanadium.
Following a 2023 EPA Treatability Study, DISA signed an MOU with the Navajo Nation EPA for a Phase 2 commercial demonstration and had its NRC Service Providers License application accepted for review in April 2025, with a decision expected by September.

Aug 6, 2025, 5:14 PM

Press Release

Halliburton awarded NEP carbon capture monitoring contract

HAL

New Projects/Investments

Halliburton will provide completions and downhole monitoring services for the Northern Endurance Partnership carbon capture and storage system in England’s East Coast Cluster.
The majority of equipment will be manufactured and delivered from its Arbroath, U.K. facility, which has supported North Sea operations for over 50 years.
NEP infrastructure includes a CO₂ gathering network, onshore compression facilities, a 145-km offshore pipeline, and subsea injection and monitoring systems for the Endurance saline aquifer.
The project is designed to transport and permanently store up to 4 million tonnes per year of CO₂; NEP is a joint venture of bp, Equinor, and TotalEnergies, formed in 2020.

Aug 5, 2025, 11:00 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for HALLIBURTON.