Halliburton Company (NYSE: HAL) has released its fourth quarter 2025 results, reporting a net income of $0.70 per diluted share and adjusted net income of $0.69 per diluted share. The company achieved a revenue of $5.7 billion with an operating margin of 13%, and an adjusted operating margin of 15%. The cash flow from operations stood at $1.2 billion, generating a free cash flow of $875 million. Halliburton also repurchased $1 billion worth of shares and returned 85% of its free cash flow to shareholders over the full year.
Comparing the performance with the third quarter of 2025, Halliburton's net income for the fourth quarter was $589 million, a significant increase from the previous quarter's $18 million. Adjusted net income also saw a notable rise from $496 million to $576 million. Total revenue for the fourth quarter of 2025 increased to $5.7 billion from $5.6 billion in the third quarter of 2025. Operating income surged to $746 million in the fourth quarter from $356 million in the third quarter.
For the full year of 2025, Halliburton reported a total revenue of $22.2 billion, a slight decrease from the 2024 revenue of $22.9 billion. Operating income for 2025 was $2.3 billion, down from $3.8 billion in 2024. Excluding "impairments and other charges," adjusted operating income for the full year of 2025 was $3.1 billion, compared to $3.9 billion in 2024.
The company's completion and production revenue in the fourth quarter of 2025 remained flat sequentially at $3.3 billion, while operating income increased by 11% to $570 million. Drilling and evaluation revenue for the same period was also flat sequentially at $2.4 billion, with an operating income increase of 5% to $367 million.
In terms of geographic regions, North America revenue in the fourth quarter of 2025 decreased by 7% to $2.2 billion. In contrast, international revenue for the same period increased by 7% to $3.5 billion. Latin America revenue saw a 7% increase, Europe/Africa/CIS revenue increased by 12%, and Middle East/Asia revenue increased by 3% sequentially.
Halliburton also made strategic collaborations and technological advancements, such as signing an agreement with Voltagrid to establish a strategic collaboration focused on delivering distributed power generation solutions for data centers worldwide and launching innovative solutions like the Streamstar™ wired drill pipe interface system and the Logix™ unit vitality.
The company's financial activities during the fourth quarter included repurchasing $250 million of its common stock, retiring $382 million of its 3.8% senior notes due November 2025, paying dividends of $0.17 per share, and spending $42 million on SAP S4 migration.
Overall, Halliburton's fourth quarter results demonstrate a significant improvement from the previous quarter, with strong performance in its operating segments and geographic regions, as well as strategic collaborations and technological advancements.
Today the company's shares have moved -0.64% to a price of $32.57. Check out the company's full 8-K submission here.
