(WO) – Halliburton reported a pointy sequential enchancment in fourth-quarter 2025 earnings, pushed by greater worldwide exercise and improved working margins, at the same time as North American stimulation exercise declined.
The oilfield providers supplier posted web revenue of $589 million, or $0.70 per diluted share, on income of $5.7 billion. Adjusted working margin rose to fifteen%, reflecting improved exercise combine and year-end device and software program gross sales. Working revenue greater than doubled from the prior quarter to $746 million.
Worldwide markets had been the first development driver. Income exterior North America rose 7% sequentially to $3.5 billion, with positive factors throughout Latin America, Europe/Africa/CIS, and the Center East/Asia. Robust completion device gross sales, elevated wireline and properly intervention exercise, and improved properly building work supported ends in Brazil, the North Sea, Africa, Saudi Arabia and Indonesia.
In contrast, North America income declined 7% sequentially to $2.2 billion, pressured by decrease stimulation exercise throughout U.S. land and Canada, together with decreased fluid providers within the Gulf of America. Improved cementing exercise and better completion device gross sales partially offset the decline.
Section outcomes mirrored related traits. Completion and Manufacturing working revenue elevated 11% to $570 million on flat income, benefiting from higher-margin completion instruments, cementing and worldwide properly intervention work. Drilling and Analysis working revenue rose 5% to $367 million, supported by elevated wireline exercise and year-end software program gross sales.
For the complete yr, Halliburton generated $22.2 billion in income and returned 85% of free money movement to shareholders, together with $1 billion in share repurchases. Fourth-quarter working money movement totaled $1.2 billion.
Wanting forward, CEO Jeff Miller mentioned worldwide momentum stays robust, whereas North America is positioned to reply first when macro circumstances enhance. The corporate highlighted continued demand for built-in providers, digital properly building, and offshore developments, alongside new know-how deployments in wired drill pipe, automation, cementing intelligence and umbilical-less subsea operations.