Short answer
Halliburton (HAL) filed its Q3 2025 10-Q quarterly report on Oct 24, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $5.6B (down 1.7% year over year) with net income of $18M.
Q3 2025 key financials · XBRL
- Revenue
- $5.6B
- −1.7% YoY · +1.6% QoQ
- Net income
- $18M
- −96.8% YoY · −96.2% QoQ
- Operating margin
- 6.4%
- EPS (diluted)
- $0.03
- −100.0% YoY · −94.4% QoQ
Source: XBRL data from the Halliburton (HAL) Q3 2025 10-Q on SEC EDGAR. USD.
Halliburton Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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.
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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