Halliburton Firm (NYSE: HAL) reported a decline in earnings for the third quarter of fiscal 2025 when the oilfield service supplier’s revenues dropped modestly.
Third-quarter income declined to $5.60 billion from $5.70 billion in the identical interval a yr in the past. That translated right into a 21% year-over-year lower in adjusted earnings to $0.58 per share. Internet earnings attributable to the corporate was $18 million or $0.02 per share in Q3, in comparison with $571 million or $0.65 per share within the year-ago quarter.
Throughout the third quarter, Halliburton repurchased roughly $250 million of its frequent inventory and paid dividends of $0.17 per share.
“In North America, we are executing our strategy to Maximize Value — this means we are prioritizing returns, technology leadership, and working with leading operators. I am confident that our strategy execution will drive further outperformance,” mentioned CEO Jeff Miller.
