Q2 2025 Halliburton Co Earnings Call Transcript
Key Points
- Halliburton Co (HAL) reported a 2% increase in total company revenue for Q2 2025, reaching $5.5 billion.
- The company demonstrated strong performance in international markets, with revenue growth in Latin America and Europe, Africa.
- Halliburton Co (HAL) secured key wins in offshore frontier basins, highlighting their technology and operational excellence.
- The company expects international artificial lift revenue to grow over 20% this year, with plans to double the installed base of their Intelivate platform.
- Halliburton Co (HAL) is strategically aligned with growth engines such as unconventionals, drilling, production services, and artificial lift, positioning them for future growth.
- The oilfield services market is expected to be softer than previously anticipated, with activity reductions in North America and international markets.
- Halliburton Co (HAL) anticipates a decline in North America revenue in the second half of 2025 due to lower drilling and completion activity.
- The company faces pricing headwinds in US land, particularly in the pressure pumping and artificial lift segments.
- Activity reductions in Saudi Arabia and Mexico are expected to drive a mid-single-digit contraction in international revenue for the full year 2025.
- Tariffs impacted Halliburton Co (HAL)'s business by $27 million in Q2, with an expected negative impact of about $35 million in Q3.
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Halliburton second quarter 2025 company earnings conference call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. David Coleman. Sir, please begin.
Hello, and thank you for joining the Halliburton second quarter 2025 conference call. We will make the recording of today's webcast available for seven days on Halliburton's website after this call. Joining me today are Jeff Miller, Chairman, President and CEO; and Eric Carre, Executive Vice President and CFO.
Some of today's comments may include forward-looking statements that reflect Halliburton's views about future events. These matters involve risks and uncertainties that could cause our actual results to materially differ from our forward-looking statements. These risks are discussed in Halliburton's Form 10-K for the year ended December 31, 2024, Form 10-Q for the quarter ended March 31, 2025, recent current reports on Form
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