Halliburton said total revenue for Q1 2025 was $5.4 billion, a 7% decrease compared to Q1 2024, and operating income was $431 million, including impairments and other charges of $356 million, compared to $987 million for Q1 2024.

10-QQuarterly reportFiled Apr 25, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

Halliburton said total revenue for Q1 2025 was $5.4 billion, a 7% decrease compared to Q1 2024, and operating income was $431 million, including impairments and other charges of $356 million, compared to $987 million for Q1 2024.
The company said Completion and Production segment revenue for Q1 2025 was $3.1 billion, a decrease of $253 million or 8%, and operating income was $531 million, a decrease of $157 million or 23%. It cited decreased pressure pumping services and lower completion tool sales in the Western Hemisphere as primary drivers.
Halliburton said cash and equivalents as of March 31, 2025 were $1.8 billion, and cash flows from operating activities for the first 3 months of 2025 were $377 million. During the same period, the company repurchased 9.6 million shares for $250 million, and approximately $2.8 billion remained authorized for repurchases as of March 31.
The company said it recognized a pre-tax charge of $356 million for impairments and other charges during Q1 2025 to adjust its cost structure to market conditions. It explained the charges consisted primarily of severance costs, an impairment of assets held for sale, an impairment of facility closures and lease terminations, and other items.

Key figures

Quarter ended March 31, 2025

Revenue: $5.4B
Operating income: $431M
Net income: $204M
EPS: $0.24
Operating cash flow: $377M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 2025 Revenue $5.4 billion, Operating Income $431 million

Halliburton said total revenue for Q1 2025 was $5.4 billion, a 7% decrease compared to Q1 2024, and operating income was $431 million, including impairments and other charges of $356 million, compared to $987 million for Q1 2024.

Source · Based on the MD&A text of the filing

Completion and Production Segment Revenue and Operating Income Decline

The company said Completion and Production segment revenue for Q1 2025 was $3.1 billion, a decrease of $253 million or 8%, and operating income was $531 million, a decrease of $157 million or 23%. It cited decreased pressure pumping services and lower completion tool sales in the Western Hemisphere as primary drivers.

Source · Based on the MD&A text of the filing

Cash and Operating Cash Flow; Share Repurchases

Halliburton said cash and equivalents as of March 31, 2025 were $1.8 billion, and cash flows from operating activities for the first 3 months of 2025 were $377 million. During the same period, the company repurchased 9.6 million shares for $250 million, and approximately $2.8 billion remained authorized for repurchases as of March 31.

Source · Based on the MD&A text of the filing

Impairments and Other Charges $356 million

The company said it recognized a pre-tax charge of $356 million for impairments and other charges during Q1 2025 to adjust its cost structure to market conditions. It explained the charges consisted primarily of severance costs, an impairment of assets held for sale, an impairment of facility closures and lease terminations, and other items.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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