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Halliburton beats third quarter profit estimates on steady North America demand

Written By: TDG Syndication
Last Updated: October 21, 2025 16:26:02 IST

(Reuters) -Halliburton beat Wall Street estimates for third quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America. U.S. crude production will reach a record higher well productivity, the Energy Information Administration (EIA) forecasts, boosting oilfield services and equipment demand. 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. The Houston-based company's quarterly revenue from its North America segment was $2.4 billion, about the same as a year earlier, which came above analysts' average estimate of $2.17 billion. The company 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)

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