Halliburton reported third-quarter 2025 revenue of $5.6 billion, up slightly from the previous quarter, as higher activity in North America offset lower results in the Middle East. Adjusted operating margin held firm at 13%, while adjusted net income totaled $496 million ($0.58 per diluted share).
Net income for the quarter was $18 million ($0.02 per share), reflecting impairments and other charges. Cash flow from operations reached $488 million, with free cash flow of $276 million. The company repurchased about $250 million in shares during the period.
Chairman, President and CEO Jeff Miller said Halliburton remains focused on cost control, capital discipline and shareholder returns, citing actions to deliver roughly $100 million in quarterly savings and a reset of the company’s 2026 capital budget.
“In the international market, our value proposition is winning with customers, both onshore and offshore, while in North America we continue to execute our ‘Maximize Value’ strategy by prioritizing returns, technology leadership and collaboration with leading operators,” Miller said.
