financetom
Business
financetom
/
Business
/
Halliburton beats quarterly profit estimates on steady North America drilling demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Halliburton beats quarterly profit estimates on steady North America drilling demand
Oct 21, 2025 4:21 AM

(Reuters) -Halliburton ( HAL ) beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America.

Quarterly revenue from its North America segment was $2.4 billion, flat from a year earlier, but above analysts' average estimate of $2.17 billion.

Halliburton ( HAL ) said the results were supported by increased stimulation activity in U.S. land and Canada, and higher completion tool sales and increased wireline activity in the Gulf of America.

The Houston-based company's shares were up 1.3% at $22.90 in premarket trading.

Last week, peer SLB also beat expectations on strong North America demand, but flagged that it does not expect to see a significant pickup in North American drilling activity due to high production costs at some shale basins.

The oil and gas rig count, an early indicator of future output, stood at 548 in North America in the third quarter, up 8 from the previous quarter, according to Baker Hughes data.

While North American activity remains stable, international spending, long viewed as the next growth engine, is showing signs of uneven recovery, particularly in the Middle East.

Halliburton ( HAL ) reported an 8% drop in revenue year-over-year in Middle East/Asia.

In July, the company said its international revenue in 2025 is expected to contract by mid-single digits from a year earlier, primarily due to less activity in Saudi Arabia and Mexico.

Halliburton ( HAL ) reported an adjusted profit of 58 cents per share for the quarter ended September 30, beating analysts' estimate of 50 cents, according to LSEG data.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Tasim Zahid and Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved