Halliburton Q1 Earnings Meet Estimates, Revenues Beat Forecast

Halliburton Company HAL reported first-quarter 2025 adjusted net income per share of 60 cents, the same as the Zacks Consensus Estimate but below the year-ago quarter’s profit of 76 cents (adjusted). The numbers reflect softer activity in the North American region, partly offset by international growth.Meanwhile, revenues of $5.4 billion were 6.7% lower year over year but beat the Zacks Consensus Estimate of $5.3 billion. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.)Halliburton Company Price, Consensus and EPS Surprise Halliburton Company price-consensus-eps-surprise-chart | Halliburton Company QuoteInside Halliburton’s Regions & SegmentsNorth American revenues fell 12% year over year to $2.2 billion and missed our projection of $2.4 billion. Revenues from Halliburton’s international operations decreased 2.4% from the year-ago period to $3.2 billion but surpassed our estimate of $2.8 billion. The Completion and Production segment earned $531 million in operating income, lower than last year’s $688 million and our estimate of $541.5 million. The decline was due to weaker pressure pumping services and fewer completion tool sales in the Western Hemisphere. However, higher completion tool sales and stronger stimulation activity in the Middle East helped offset some of the decline.The Drilling and Evaluation unit's profit fell to $352 million in the first quarter of 2025 from $398 million in the same period in 2024 and fell short of our estimate of $360.8 million. The decline was caused by a drop in drilling services in Mexico and the Middle East, less project work in Mexico, and lower wireline activity in the Middle East and Asia. However, higher fluid services in the Middle East helped balance things out a bit.Balance SheetHalliburton reported first-quarter capital expenditure of $302 million, lower than our projection of $318.2 million. As of March 31, 2025, the company had approximately $1.8 billion in cash/cash equivalents and $7.2 billion in long-term debt, representing a debt-to-capitalization ratio of 40.8. HAL bought back $250 million worth of its stock during the January-March period. The company generated $377 million of cash flow from operations in the first quarter, leading to a free cash flow of $124 million.  Management Remarks & OutlookHalliburton management highlighted strong international contract wins and growing demand for the company’s advanced technologies, including the world’s first closed-loop, autonomous fracturing operation. Despite broader energy market challenges, Halliburton remains confident of its long-term growth, driven by its focus on technology, service quality, and customer value.Zacks Rank & Stock to ConsiderHalliburton carries a Zacks Rank #3 (Hold) at present. Meanwhile, investors interested in the Oil and Gas - Field Services space might look at operators such as Helix Energy Solutions Group HLX, Flotek Industries FTK and Nine Energy Service NINE. Helix Energy Solutions Group is a Zacks Rank #1 (Strong Buy) stock, while Flotek Industries and Nine Energy Service each hold a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.Helix Energy Solutions Group: It is a Houston-based offshore energy services company specializing in well intervention, robotics, decommissioning and production support. With a global fleet, it helps maximize oil and gas output while supporting renewable energy projects.The Zacks Consensus Estimate for Helix Energy Solutions Group’s 2025 earnings suggests an impressive 42% increase. Notably, over the past 60 days, the Zacks Consensus Estimate for Helix Energy Solutions Group’s 2025 earnings has gone up 20.3%.Flotek Industries: Headquartered in Houston, TX, Flotek Industries specializes in advanced chemical technologies and data analytics tailored to Oil/Energy. The company, carrying a Zacks Rank of 2, offers two core segments: chemistry technologies, featuring solutions like Complex nano-Fluid for enhanced oil recovery, and data analytics, with its JP3 gas measurement systems driving operational efficiency and compliance.The Zacks Consensus Estimate for Flotek Industries’ 2025 earnings suggests an impressive 38.2% increase. Notably, over the past 60 days, the Zacks Consensus Estimate for Flotek Industries’ 2025 earnings has gone up 9.3%.Nine Energy Service: It specializes in offering completion solutions to energy firms within North America and abroad. With a footprint in every major North American basin, the company has a diverse, blue-chip customer base with minimal concentration.The Zacks Consensus Estimate for Nine Energy Service’s 2025 earnings suggests an impressive 45.1% increase. The company beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other. Nine Energy Service has a trailing four-quarter earnings surprise of roughly 9.6%, on average.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL): Free Stock Analysis Report Helix Energy Solutions Group, Inc. (HLX): Free Stock Analysis Report Flotek Industries, Inc. (FTK): Free Stock Analysis Report Nine Energy Service, Inc. (NINE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks