Compared to estimates, Halliburton (HAL) Q2 earnings: A look at key metrics

Halliburton reported $5.51 billion in revenue for the quarter ended June 2025, representing a year-over-year decline of 5.5%. EPS of $0.55 for the same period compares to $0.80 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $5.44 billion, representing a surprise of +1.35%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.55.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Halliburton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenues- Latin America: $977 million versus $911.06 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.9% change.

• Revenues- Europe/Africa/CIS: $820 million versus the five-analyst average estimate of $769.7 million. The reported number represents a year-over-year change of +8.3%.

• Revenues- North America: $2.26 billion versus $2.26 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -9% change.

• Revenues- Middle East/Asia: $1.45 billion versus the five-analyst average estimate of $1.51 billion. The reported number represents a year-over-year change of -2.9%.

• Revenues- Drilling and evaluation: $2.34 billion versus $2.27 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -3.8% change.

• Revenues- Completion and production: $3.17 billion versus the seven-analyst average estimate of $3.18 billion. The reported number represents a year-over-year change of -6.8%.

• Operating income- Completion and production: $513 million compared to the $539.22 million average estimate based on six analysts.

• Operating income (loss)- Corporate and other: $-66 million compared to the $-86.6 million average estimate based on six analysts.

• Operating income- Drilling and evaluation: $312 million versus $313.49 million estimated by six analysts on average.

Shares of Halliburton have returned +8.6% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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