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Halliburton Company

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Halliburton Company • NYSE
$26.22 ▲ 1.67% (+0.43)
Market Cap $22.58 B
52w High $32.08
52w Low $18.72
Dividend Yield 0.68%
P/E 17.36
Volume 3.89M
Outstanding Shares 860.99M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.6B ▲ $114M ▲ $18M ▼ 0.321% ▼ $0.021 ▼ $592M ▼
Q2-2025 $5.51B ▲ $92M ▼ $472M ▲ 8.566% ▲ $0.55 ▲ $1.005B ▲
Q1-2025 $5.417B ▼ $448M ▲ $204M ▼ 3.766% ▼ $0.24 ▼ $694M ▼
Q4-2024 $5.61B ▼ $94M ▼ $615M ▲ 10.963% ▲ $0.7 ▲ $1.177B ▲
Q3-2024 $5.697B $199M $571M 10.023% $0.65 $1.117B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.026B ▼ $25.164B ▼ $14.918B ▲ $10.203B ▼
Q2-2025 $2.038B ▲ $25.377B ▲ $14.83B ▲ $10.505B ▲
Q1-2025 $1.804B ▼ $25.179B ▼ $14.77B ▼ $10.367B ▼
Q4-2024 $2.618B ▲ $25.587B ▲ $15.039B ▲ $10.506B ▲
Q3-2024 $2.178B $25.331B $14.979B $10.296B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $20M ▼ $488M ▼ $-86M ▲ $-405M $-12M ▼ $227M ▼
Q2-2025 $480M ▲ $896M ▲ $-256M ▲ $-405M ▲ $234M ▲ $542M ▲
Q1-2025 $203M ▼ $377M ▼ $-784M ▼ $-406M ▲ $-814M ▼ $75M ▼
Q4-2024 $614M ▲ $1.456B ▲ $-444M ▼ $-545M ▼ $440M ▲ $1.03B ▲
Q3-2024 $580M $841M $-436M $-347M $40M $502M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Completion And Production
Completion And Production
 $3.18Bn ▲$3.12Bn ▼$3.17Bn ▲$3.22Bn ▲
Drilling And Evaluation
Drilling And Evaluation
 $2.43Bn ▲$2.30Bn ▼$2.34Bn ▲$2.38Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Halliburton’s earnings profile has improved meaningfully over the past five years. Sales have climbed from the pandemic low and then leveled off more recently, but profitability has strengthened much more than revenue alone would suggest. Margins have moved from losses to solid, durable profit levels, showing good cost discipline and better pricing power. The most recent year shows earnings that are healthy but slightly off their peak, hinting at some pressure from costs, pricing, or mix. Overall, the company has transitioned from a recovery story to a more stable, cash-generating business, though still tied to the ups and downs of oil and gas spending cycles.

Balance Sheet

Balance Sheet The balance sheet shows a gradual, steady strengthening. Total assets have grown at a measured pace, while shareholder equity has increased faster, which means the company is rebuilding its financial cushion. Debt has been nudged down from earlier, more leveraged levels and is now relatively stable, so leverage risk is lower than a few years ago but still meaningful. Cash on hand has stayed fairly consistent, providing a reasonable liquidity buffer without being excessive. In plain terms, Halliburton looks financially sturdier than it did earlier in the decade, with more shock absorbers if the industry slows.

Cash Flow

Cash Flow Cash generation is a clear strong point. Operating cash flow has climbed steadily, tracking the improvement in profits, and free cash flow has grown alongside it even as the company has been willing to invest more in capital spending. The business is converting a good share of its accounting profits into real cash, which can support debt service, dividends, buybacks, or further investment. The pattern suggests a company that is past the repair phase and now consistently throwing off surplus cash, as long as industry conditions remain reasonably supportive.

Competitive Edge

Competitive Edge Halliburton sits near the top tier of global oilfield service companies, with particular strength in North American shale and well-completions work. Its scale, global reach, and integrated service offering make it a natural partner for large producers that want a one-stop provider. The company’s depth in hydraulic fracturing, drilling efficiency, and reservoir management gives it an edge in unconventional resources. However, it still operates in a competitive, price-sensitive industry where rivals like SLB and Baker Hughes push hard on technology and pricing. Its competitive position is strong but not unassailable, and remains heavily exposed to oil and gas capital spending cycles and geopolitical risk.

Innovation and R&D

Innovation and R&D Innovation is a major pillar of Halliburton’s strategy. The firm is leaning into digital tools, automation, and intelligent systems to make drilling and fracturing more precise, cheaper, and safer. Platforms like its intelligent fracturing, automated drilling systems, and advanced subsurface imaging show a clear push to differentiate on technology rather than just service capacity. At the same time, Halliburton is selectively extending its know-how into newer areas such as geothermal, carbon capture, underground storage, and even clean-energy startups through Halliburton Labs. This creates optionality in the energy transition, though these newer areas are still small compared with the core oil and gas business and will take time to become material.

Summary

Halliburton has moved from a stressed, pandemic-era business to a more profitable and cash-rich operator with a firmer balance sheet. Its core franchise in oilfield services, especially in North American unconventional resources, is backed by strong technology and a broad service offering, but remains cyclical and sensitive to energy prices and customer budgets. The company’s growing digital and automation capabilities, plus early moves into geothermal, carbon management, and other new-energy applications, suggest it is trying to stay relevant in a changing energy landscape. The key swing factors to watch are the global oil and gas investment cycle, pricing discipline in the services market, and how successfully Halliburton can turn its technology and new-energy initiatives into meaningful, diversified earnings over time.

NEWS

November 19, 2025 · 5:15 PM UTC

Halliburton Announces Dividend

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October 27, 2025 · 8:00 AM UTC

Halliburton Signs Framework Agreement for Umbilical-Less Tubing Hanger Installations

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October 22, 2025 · 8:00 AM UTC

100 Charities Nationwide Receive Funds Raised Through the Halliburton Charity Golf Tournament

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October 21, 2025 · 6:45 AM UTC

Halliburton Announces Third Quarter 2025 Results

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October 20, 2025 · 5:15 PM UTC

VoltaGrid and Halliburton Announce Strategic Collaboration to Deliver Distributed Power Solutions for the Global Data Center Industry

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