Filing Flows › Halliburton (HAL) › Q1 2025
Halliburton (HAL) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Halliburton (HAL) reported revenue of $5.4B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -3% from the quarter before. Operating margin was 8.0%, net earnings $203M (3.7% of revenue).
Halliburton, Q1 2025: revenue $5.4B (-7% year over year), operating margin 8.0%, net earnings $203M, operating cash flow $377M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4B | -3% | -7% |
| Operating profit | $431M | -54% | -56% |
| Net earnings | $203M | -67% | -67% |
| Operating cash flow | $377M | -74% | -23% |
| Free cash flow | $75.0M | -93% | -52% |
What changed
Revenue was $5.4B in Q1 2025, down 7% year over year and down 3% from the previous quarter. Services was the largest line at 70% of revenue. Services lost $0.34B year over year (down 8%), 87% of the total change.
Operating profit was $0.43B, a 8.0% margin (down 9.0 points year over year). Total costs grew 4% against a revenue fall of 7%. Net earnings were $0.20B, down 66% year over year. The effective tax rate was 33.7%.
Operating cash flow was $0.38B (down 23% year over year), 186% of net earnings. Non-cash charges added back $0.28B of depreciation and amortization. Working capital and other items used $0.10B. Capital expenditures of $0.30B left free cash flow of $0.07B.
Questions
What was Halliburton's revenue in the first quarter 2025?
Halliburton (HAL) reported revenue of $5.4B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -3% from the quarter before.
Was Halliburton profitable in the first quarter 2025?
Operating profit was $431M (8.0% of revenue) and net earnings $203M.
Source: Halliburton 10-Q on SEC EDGAR.