Dafinchi AI

HAL

Energy & Utilities

Capital expenditures were $354 million in Q2, expected to be about 6% of revenue for full year 2025.
Completion and Production division revenue was $3.2 billion, up 2% sequentially, but operating income decreased 3% due to pricing pressure in U.S. land stimulation services.
Drilling and Evaluation division revenue was $2.3 billion, up 2% sequentially, with operating income down 11% due to seasonal software sales roll-off and increased startup costs.
Halliburton reported Q2 2025 revenue of $5.5 billion, a 2% increase sequentially from Q1 2025.
International revenue grew 2% sequentially, driven by Latin America and Europe-Africa, while Middle East Asia declined 4%.
Net income per diluted share was $0.55 for Q2 2025.
North America revenue was flat sequentially at $2.3 billion, with higher well construction and stimulation offset by lower artificial lift and software sales.
Operating income was $727 million with an operating margin of 13%.
Q2 cash flow from operations was $896 million, free cash flow was $582 million, and $250 million of stock was repurchased.
Tariffs negatively impacted business by $27 million in Q2, expected to increase to $35 million in Q3.

VVV

Energy & Utilities

Adjusted EBITDA increased 12% to $130 million, considering refranchising impacts.
Adjusted EPS rose 18% to $0.47, factoring in refranchising effects.
Cash balance was approximately $68 million at quarter end.
Gross margin rate expanded by 80 basis points to 40.5%, driven primarily by labor leverage.
Leverage ratio stood at 3.3x on a rating agency adjusted basis.
Same-store sales comps grew 4.9%, with a 12% increase on a 2-year stack.
SG&A as a percent of sales increased 80 basis points to 18.5%, mainly due to technology investments.
System-wide sales increased 10% to $890 million in Q3 2025.

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