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5d ago

Halliburton Misses Q1 Earnings Expectations, Citing Tariff and Energy Market Pressures

The oilfield services giant reported a sharp EPS shortfall and warned of ongoing tariff-related headwinds and declining North American activity, sending its stock down over 5%.

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Overview

  • Halliburton's Q1 2025 earnings per share came in at $0.24, significantly below the $0.60 analyst consensus and down from $0.68 a year ago.
  • The company reported a modest revenue beat at $5.42 billion, driven by international markets, though North American revenue dropped 12% year-over-year to $2.2 billion.
  • CEO Jeff Miller attributed the earnings miss to broader energy market challenges, including weak oil prices under $64 per barrel, which have dampened drilling activity in North America.
  • CFO Eric Carre forecasted a $0.02–$0.03 EPS impact in Q2 from ongoing tariff uncertainties, emphasizing the need for clearer and more stable tariff structures.
  • Halliburton shares fell over 5% following the earnings report, compounding a nearly 24% year-to-date decline as market pressures continue to weigh on the oilfield services sector.