In Halliburton’s third quarter outcomes assertion, which was posted on the corporate’s web site on Tuesday, Halliburton Chairman, President, and CEO Jeff Miller mentioned he’s “happy” with Halliburton’s third quarter efficiency.
Within the assertion, the corporate introduced a web revenue of $18 million, or $0.02 per diluted share, and adjusted web revenue, excluding “impairments and different expenses” and different gadgets, of $496 million, or $0.58 per diluted share, for the third quarter. Internet revenue for the second quarter was $472 million, or $0.55 per diluted share, Halliburton highlighted within the assertion.
The corporate went on to notice that Halliburton’s complete income for the third quarter was $5.6 billion, in comparison with complete income of $5.5 billion within the second quarter. Working revenue was $356 million within the third quarter, in comparison with working revenue of $727 million within the second quarter, Halliburton highlighted, including that adjusted working revenue within the third quarter, excluding “impairments and different expenses”, was $748 million.
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Halliburton’s inventory worth opened at $24.43 on Tuesday and closed at $25.24. The inventory opened at $22.30 on Monday and closed at $22.62.
“We delivered complete firm income of $5.6 billion {dollars} and adjusted working margin of 13 %,” Miller mentioned within the assertion.
“We additionally took steps that can ship estimated financial savings of $100 million {dollars} per quarter, reset our 2026 capital finances and idled gear that now not meets our return expectations,” he added.
Within the assertion, Halliburton identified that worldwide income within the third quarter was $3.2 billion, which it described as “flat when in comparison with the second quarter”.
Latin America income within the third quarter was $996 million, Halliburton revealed, including that this was a rise of two % sequentially. This enhance was primarily pushed by greater challenge administration exercise throughout the area and elevated drilling providers in Argentina, in response to the corporate, which famous that decreased exercise throughout a number of product service strains in Mexico and decrease completion instrument gross sales in Brazil partially offset these will increase.
Europe/Africa/CIS income within the third quarter of 2025 was $828 million, Halliburton reported within the assertion, dubbing the determine “flat sequentially”. These outcomes have been primarily pushed by improved completion instrument gross sales in Norway, and elevated drilling-related providers in Namibia, in response to Halliburton. Offsetting these will increase have been decrease completion instrument gross sales within the Caspian Space and decrease fluid providers throughout Europe, the corporate mentioned within the assertion.
Center East/Asia income within the third quarter of 2025 was $1.4 billion, in response to Halliburton, which highlighted that this was a lower of three % sequentially. This lower was primarily pushed by decrease exercise throughout a number of product service strains in Saudi Arabia, the corporate mentioned within the assertion. Partially offsetting this lower have been improved stress pumping providers in Qatar, elevated synthetic elevate exercise in Kuwait, and better completion instrument gross sales and improved fluids providers in Asia, Halliburton added.
The corporate mentioned North America income within the third quarter was $2.4 billion, which it identified was a rise of 5 % when in comparison with the second quarter. These outcomes have been primarily pushed by elevated stimulation exercise in U.S. Land and Canada, and better completion instrument gross sales and elevated wireline exercise within the Gulf of America, Halliburton famous within the assertion. Partially offsetting these will increase have been decrease cementing exercise in U.S. Land and decreased stimulation exercise within the Gulf of America, the corporate said.
“Within the worldwide market, our price proposition is profitable with prospects, we’re demonstrating differentiated efficiency each on and offshore, and our progress engines are on observe,” Miller mentioned in Halliburton’s outcomes assertion.
“In North America, we’re executing our technique to maximise worth – this implies we’re prioritizing returns, know-how management, and dealing with main operators. I’m assured that our technique execution will drive additional outperformance,” he added.
“We’re dedicated to returning money to shareholders, sustaining price and capital self-discipline, and investing in differentiated applied sciences that drive long-term efficiency,” Miller went on to state.
Halliburton highlighted in its newest outcomes assertion that, in the course of the third quarter, the corporate; repurchased roughly $250 million of its frequent inventory, paid dividends of $0.17 per share, spent $50 million on SAP S4 migration, and incurred a complete cost of $540 million associated to “impairments and different expenses” and different gadgets.
In a launch posted on its web site in July 2023, Halliburton introduced that, in the course of the second quarter of that 12 months, the corporate “kicked off its migration to SAP S4”, which it mentioned will happen over the following three years.
“This new system will present vital effectivity advantages, price financial savings, visibility to our operations, and superior analytics that can profit Halliburton and its prospects,” the corporate famous on the time.
“We count on this improve to payback in three years after an funding of $250 million. For the second quarter 2023, we spent $13 million, or about $0.01 per diluted share, which is included in our outcomes,” Halliburton added in that assertion.
In Halliburton’s second quarter 2025 outcomes assertion, which was posted on the corporate’s web site in July this 12 months, Miller warned, “what I see tells me the oilfield providers market can be softer than I beforehand anticipated over the quick to medium time period”.
“We’ll in fact take motion to deal with this close to time period softness, and we stay absolutely dedicated to our shareholder returns framework,” he added in that assertion.
“In worldwide markets, whereas exercise reductions in just a few massive markets will doubtless overshadow the stable efficiency of different geographies, I’m assured our technique is the best one, and our progress engines, together with unconventionals, drilling, manufacturing providers and synthetic elevate, stay key to that technique,” he continued.
“In North America, my buyer conversations inform me know-how and repair execution are key to maximizing the worth of their belongings and I imagine Halliburton has unmatched functionality to ship each of those at scale, which is why I count on Halliburton to proceed to outpace our opponents on this vital market,” Miller went on to state.
In that assertion, Miller mentioned, “Halliburton immediately is extra differentiated, with deeper know-how benefits to deal with our prospects’ necessities, and extra collaborative than ever earlier than”.
“I imagine our price proposition, to collaborate and engineer options to maximise asset worth for our prospects, is a strong driver of each buyer and shareholder worth,” he added.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
