Halliburton Company (NYSE:HAL, XETRA:HAL) reported fourth quarter 2025 financial results that exceeded Wall Street expectations, driven by stronger-than-anticipated revenue and higher profitability.
The oilfield services company posted adjusted earnings per share (EPS) of $0.69, topping the consensus estimate of $0.55.
Revenue for the quarter came in at $5.7 billion, exceeding analyst forecasts of $5.41 billion and up from $5.6 billion in the prior quarter.
Net income was $589 million, or $0.70 per diluted share, compared with $18 million, or $0.02 per diluted share, in the third quarter.
Operating income increased to $746 million, while adjusted operating income, excluding impairments and other charges, reached $829 million, representing an adjusted operating margin of 15%.
Completion & Production revenue was flat sequentially at $3.3 billion, while Drilling & Evaluation revenue remained steady at $2.4 billion.
International revenue increased to $3.5 billion, offsetting flat North American activity, where revenue was $2.2 billion.
For the full year 2025, Halliburton reported revenue of $22.2 billion, compared with $22.9 billion in 2024. Operating income for the year was $2.3 billion, down from $3.8 billion a year earlier, while adjusted operating income totaled $3.1 billion.
The company generated $1.2 billion in operating cash flow and $875 million in free cash flow during the fourth quarter and repurchased $1 billion of shares over the full year, returning 85% of free cash flow to shareholders.
“I am pleased with Halliburton’s fourth quarter performance and the way we closed out 2025,” CEO Jeff Miller said in a statement. “We outperformed our expectations and it is clear that Halliburton’s strategy and value proposition deliver differentiated results.”
Shares of Halliburton moved higher on the report, adding 3.7% at about $33 shortly after the opening bell in New York.