Compared to Estimates, Halliburton (HAL) Q3 Earnings: A Look at Key Metrics

By Zacks Equity Research | October 24, 2025, 5:30 PM

For the quarter ended September 2025, Halliburton (HAL) reported revenue of $5.6 billion, down 1.7% over the same period last year. EPS came in at $0.58, compared to $0.73 in the year-ago quarter.

The reported revenue represents a surprise of +3.96% over the Zacks Consensus Estimate of $5.39 billion. With the consensus EPS estimate being $0.50, the EPS surprise was +16%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Halliburton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue- Latin America: $996 million versus the four-analyst average estimate of $962.97 million. The reported number represents a year-over-year change of -5.4%.
  • Revenue- Europe/Africa/CIS: $828 million versus $754.3 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
  • Revenue- North America: $2.36 billion compared to the $2.16 billion average estimate based on four analysts. The reported number represents a change of -0.9% year over year.
  • Revenue- Middle East/Asia: $1.41 billion versus the four-analyst average estimate of $1.51 billion. The reported number represents a year-over-year change of -8.1%.
  • Revenue- Drilling and Evaluation: $2.38 billion versus the six-analyst average estimate of $2.28 billion. The reported number represents a year-over-year change of -0.9%.
  • Revenue- Completion and Production: $3.22 billion versus the six-analyst average estimate of $3.11 billion. The reported number represents a year-over-year change of -2.3%.
  • Operating income- Completion and Production: $514 million versus $447.21 million estimated by six analysts on average.
  • Operating income- Drilling and Evaluation: $348 million versus the six-analyst average estimate of $337.72 million.
  • Operating income- Corporate and other: $-64 million versus the two-analyst average estimate of $-70.99 million.

View all Key Company Metrics for Halliburton here>>>

Shares of Halliburton have returned +10.4% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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