Halliburton closed the fourth quarter of 2025 with an increase in net income, reaching US$589 million, or US$0.70 per diluted share. This result marks a remarkable recovery compared to the third quarter of the same year, where net income was just USD 18 million.
Halliburton’s operating margin and cash flow improvement
During the quarter, revenues amounted to US$5.7 billion, while the adjusted operating margin rose to 15 %. Free cash flow reached US$875 million, enabling the company to return 85 % of that value to shareholders through dividends and share repurchases.
Completions and Production remained strong, with revenues of $3.3 billion and an operating increase of 11%, driven by demand for completion tools and cementing services in Europe and Africa. Drilling and Evaluation generated US$2.4 billion in revenues, driven by increased sales of software and wireline services in Latin America and Asia.
Although North America recorded a 7% contraction due to lower stimulus activity in the US and Canada, international operations showed positive dynamics. The Middle East, Asia and Latin America led the geographic growth with progress in well constructionstimulation and digitalization of services.
Halliburton announced advances in its technology portfolio with the deployment of the StreamStar system, which improves real-time decision making while drilling. It also highlighted the expansion of LOGIX unit vitality, aimed at automating cementing equipment.
In alliances, it signed a contract with Shell for the use of the ROCS system system in operations in the North Sea and the Gulf of Mexico. It also signed an agreement with VoltaGrid to implement distributed energy solutions in data centers, with an initial projection of 400 MW in the Middle East by 2028.
CEO Jeff Miller reaffirmed his confidence in Halliburton’s global strategy, enhancing focus on differentiated technologies, sustainable growth and profitability leadership. With a diversified portfolio and strengthened global presence, the company is positioned to capitalize on opportunities in 2026, especially in emerging markets and advanced technology segments.
Source and photo: Halliburton