Halliburton (HAL) FY2025 10-K Annual Report

Filed: Feb 6, 2026
Energy
Oil & Gas Field Services, NECSEC EDGAR

Halliburton (HAL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 6, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Halliburton FY2025 10-K Analysis

Business Overview

  • Core business: Provider of oilfield services and products supporting exploration, development, and production of oil and natural gas
  • Highlight on new Zeus electric fracturing systems with increased focus on sourcing electric power and infrastructure support
  • Strategic shift toward integrated project management under long-term fixed-price contracts, assuming additional cost and operational risks
  • Risk impact from recent U.S. trade policy changes including 10% baseline tariffs and unpredictable reciprocal tariffs from August 2025
  • Emphasis on increasing risks from climate change-related severe weather and regulatory environment on hydraulic fracturing operations

Management Discussion & Analysis

  • Revenue and profitability data not disclosed in the provided MD&A excerpt
  • No segment performance or financial figures reported
  • No cash flow, buyback, dividend, or capex information included
  • Forward-looking statements emphasize inherent risks; no specific guidance or quantitative outlook provided

Halliburton FY2025 Key Financial Metrics
XBRL

Revenue

$22.2B

-3.3% YoY

Net Income

$1.3B

-48.7% YoY

Operating Margin

10.2%

-647bp YoY

Net Margin

5.8%

-512bp YoY

ROE

12.3%

-1154bp YoY

Total Assets

$25.0B

-2.3% YoY

Operating Cash Flow

$2.9B

-24.3% YoY

Source: XBRL data from Halliburton FY2025 10-K filing on SEC EDGAR. All figures in USD.

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