HAL
Halliburton Company27.19
-1.22-4.29%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Venezuela speed, regional details
Q&A sharpened Venezuela re-entry prospects, with Miller highlighting quick mobilization via existing footprint, surging customer interest, and near-term opportunities despite past $0.5B scale. International growth tilts to Latin America (Brazil deepwater, Argentina), while Middle East stays flattish on Saudi timing caution and AsiaPac steady. Voltagrid power gains international traction beyond 400MW commitment, with returns likely exceeding current levels. North America frac pricing holds stable at bottom amid accelerating attrition. H2 margins to outpace H1, Street EBITDA in range. Phones ring off the hook. Confident tone on rebalancing; watch Venezuela execution and regional pockets.
Key Stats
Market Cap
23.18BP/E (TTM)
18.01Basic EPS (TTM)
1.51Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Halliburton reported FY2025 revenue of $22.2B, down 3% y/y from $22.9B, with C&P down 4% to $12.8B and D&E down 3% to $9.4B; North America fell 6% while Europe/Africa/CIS rose 12%. Operating income dropped to $2.3B from $3.8B, hit by $831M impairments including severance and asset write-offs. Q4 saw North America softening from rig count declines yet international stability with Europe/Africa growth offsetting Middle East weakness. Cash from operations hit $2.9B; capex was $1.3B (6% of revenue); returned $1.6B via dividends and buybacks. Targets 2026 capex at $1.1B, over 50% FCF returns. Volatile oil prices threaten activity.
8-K
Q4 profit surges on intl growth
Halliburton reported Q4 2025 net income of $589 million ($0.70/share), up sharply from $18 million prior quarter, on $5.7B revenue flat sequentially but with operating income jumping to $746 million. International revenue surged 7% to $3.5B, fueled by tool sales and services, while North America dipped 7%. Returned 85% of full-year free cash flow to shareholders. Strong international offsets NA softness.
8-K
Maxwell named Western Hemisphere President
Halliburton appointed Michael Casey Maxwell, 44, as President, Western Hemisphere, effective February 1, 2026, promoting him from Senior Vice President, North America Land. Maxwell brings 20 years at Halliburton, including Permian Basin and Argentina leadership. New deal sets $800,000 base salary, standard incentives, two-year non-compete. Mark Richard shifts to senior advisor.
8-K
Slocum named HAL COO
Halliburton appointed Jeffrey Shannon Slocum as EVP and COO plus board director, effective January 1, 2026, promoting from Eastern Hemisphere president with 20 years' tenure. Rami Yassine succeeds as Eastern Hemisphere president, also effective then, from senior VP Middle East North Africa. Slocum's $1M base salary underscores operations focus. Smooth internal shift.
8-K
Leach joins Halliburton board
Halliburton expanded its board from 11 to 12 directors, appointing Timothy A. Leach effective December 2, 2025, through the 2026 annual meeting. Leach brings 40 years in oil and gas, including CEO of Concho Resources until its 2021 sale and recent ConocoPhillips roles. His upstream and governance expertise bolsters strategic planning. Board committee assignment awaits February 2026.
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