Halliburton Company said on Tuesday that its revenue for the first quarter of fiscal 2025 went down 6.9% to $5.4 billion, from $5.8 billion logged in the same quarter but a year earlier.
According to the report, net income plummeted 66% to $203 million or $0.24 per diluted share in the three months ending March 31. The company declared that North America revenue decreased 12% to $2.2 billion, while the International segment fell 2% to $3.2 billion.
"I am pleased with our performance in the first quarter. We delivered total company revenue of $5.4 billion and adjusted operating margin of 14.5%," commented Jeff Miller, Chairman, President, and CEO. "Our first quarter international tender activity was strong, Halliburton won meaningful integrated offshore work extending through 2026 and beyond."
Halliburton shares dropped 2.71% in premarket in New York after the report's publication.
