Halliburton (HAL) Q3 2025 10-Q Quarterly Report
Halliburton (HAL) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 24, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Halliburton Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $5.6B Q3 2025, down 2% YoY vs $5.7B Q3 2024, driven by Completion and Production segment decrease
- • Operating income $356M Q3 2025 vs $871M Q3 2024; operating margin 6.4% vs 15.3% YoY, heavily impacted by $392M impairments
- • Completion and Production segment down 2% revenue to $3.2B, operating income down 23% to $514M; worst performing segment
- • Drilling and Evaluation segment revenue flat at $2.4B, operating income down 14% to $348M; best commercial margin resilience
- • Cash $2.0B as of Sept 2025 vs $2.6B Dec 2024; operating cash flow $1.8B YTD; capital expenditures $917M YTD, share repurchases $757M
- • Management expects 2025 revenue declines internationally and in North America due to activity reductions, guiding 30% capex cut for 2026
- • Cost savings initiatives to reduce quarterly cash costs by ~$100M ongoing; focus on free cash flow, capital discipline, and shareholder returns (>50% free cash flow)
Risk Factors
- • Section 'risk_factors' was empty or not found.
Halliburton Q3 2025 Quarterly FinancialsXBRL
Revenue
$5.6B
▼ -1.7% YoY▲ +1.6% QoQ
Net Income
$18M
▼ -96.8% YoY▼ -96.2% QoQ
Operating Margin
6.4%
▼ -893bp YoY▼ -684bp QoQ
Net Margin
0.3%
▼ -970bp YoY▼ -824bp QoQ
ROE
0.2%
Total Assets
$25.2B
EPS (Diluted)
$0.03
▼ -100.0% YoY▼ -94.4% QoQ
Operating Cash Flow
$488M
▼ -42.0% YoY▼ -45.5% QoQ
Source: XBRL data from Halliburton Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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