Halliburton(US:HAL)2025-04-22 10:52Financial Performance - Halliburton reported net income of $204 million, or $0.24 per diluted share, for Q1 2025, a decrease from $606 million, or $0.68 per diluted share, in Q1 2024[1]. - Total revenue for Q1 2025 was $5.4 billion, down from $5.8 billion in Q1 2024, with operating income decreasing to $431 million from $987 million[1][2]. - Adjusted net income for Q1 2025 was $517 million, or $0.60 per diluted share, compared to $679 million, or $0.76 per diluted share, in Q1 2024[1]. - Net income attributable to the company for Q1 2025 was $204 million, down 66.4% from $606 million in Q1 2024[35]. - Adjusted operating income for Q1 2025 was $787 million, compared to $987 million in Q1 2024, reflecting a decline of 20.3%[31]. - Free cash flow for Q1 2025 was $124 million, down 39.8% from $206 million in Q1 2024[39]. - Total cash flows provided by operating activities decreased to $377 million in Q1 2025 from $487 million in Q1 2024, a decline of 22.6%[28]. - Capital expenditures for Q1 2025 were $302 million, slightly down from $330 million in Q1 2024[28]. - The company recognized impairments and other charges totaling $356 million in Q1 2025, significantly impacting net income[31]. Revenue Breakdown - Completion and Production revenue decreased by 8% year-over-year to $3.1 billion, while Drilling and Evaluation revenue fell by 6% to $2.3 billion[5][6]. - North America revenue declined by 12% to $2.2 billion, primarily due to lower stimulation activity in US Land[7]. - International revenue was $3.2 billion, a decrease of 2% year-over-year, with Latin America revenue down 19% to $896 million[8][9]. - North America revenue decreased to $2,236 million in Q1 2025 from $2,546 million in Q1 2024, a decline of 12.2%[30]. - Operating income for the Completion and Production segment was $531 million in Q1 2025, down from $688 million in Q1 2024[30]. Strategic Initiatives - Halliburton launched autonomous hydraulic fracturing technology in North America and secured a contract with Petrobras for integrated drilling services in Brazil[14]. - Halliburton achieved the world's first closed-loop, autonomous fracturing operation, indicating strong technology adoption[3]. - The company recognized a pre-tax charge of $356 million due to severance costs and impairments during Q1 2025[14]. Upcoming Events - The company plans to host a conference call on April 22, 2025, to discuss its Q1 2025 financial results[40].