)
Edge11 Oct 2024
Texas Instruments: From Calculators to Master Capital Allocators
Texas Instruments has undergone many transformations from its origins in oil exploration to become one of the world's largest semiconductor producers.
Halliburton Company
Halliburton Company (HAL) investor relations material
Halliburton Company Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary21 Jan, 2026
Executive summary
Q4 2025 performance exceeded expectations with net income of $589 million ($0.70 per diluted share), driven by strong execution in North America and international completion and production businesses.
Total 2025 revenue reached $22.2 billion, with an adjusted operating margin of 14%.
85% of free cash flow was returned to shareholders, reducing share count to a 10-year low.
$1 billion of common stock was repurchased in 2025; 42 million shares at $23.8 average price.
Leadership update: Shannon Slocum promoted to COO effective January 1st.
Financial highlights
Q4 2025 revenue was $5.7 billion, flat sequentially; adjusted operating income was $829 million with a 15% margin.
Q4 net income per diluted share was $0.70 (adjusted $0.69), benefiting from an $86 million discrete tax benefit.
Q4 cash flow from operations was $1.2 billion; free cash flow was $875 million.
Full-year cash flow from operations was $2.9 billion; free cash flow $1.86 billion.
Full-year 2025 net income was $1.3 billion ($1.50 per diluted share), with adjusted net income of $2.1 billion ($2.42 per share).
Outlook and guidance
2026 expected to be a rebalancing year with abundant supply and moderate demand growth; commodity prices unlikely to rise near-term.
International revenue expected to be flat to up modestly in 2026; North America revenue expected to decline high single digits.
Q1 2026: Completion & Production revenue to decrease 7%-9% sequentially, margins down ~300 bps; Drilling & Evaluation revenue to decline 2%-4%, margins down 25-75 bps.
Full-year 2026 capital expenditures expected at $1.1 billion, excluding Venezuela re-entry.
Management expressed confidence in the business outlook, citing strong international performance and a strategy focused on value and technology.
VoltaGrid data center strategy details
North America Maximize Value strategy impact
Recurrence of impairments and tax adjustments?
Venezuela re-entry: key conditions for scale-up
North America market tightness: what are the drivers?
VoltaGrid international: return profile vs. core
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Halliburton Company earnings date
Q1 202621 Apr, 2026
Halliburton Company
Next Halliburton Company earnings date
Q1 202621 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Oil and Natural Gas Services
Halliburton is an American company with multinational operations active in the oil and energy sector. The company’s primary focus is on providing products and services for the exploration, development, and production of oil and natural gas, primarily through fracking. Halliburton's offering include a wide range of services such as locating hydrocarbons, managing geological data, drilling and formation evaluation, well construction, and optimizing production through the life of the field. The company has joint headquarters in Houston and Dubai, and its shares are listed on the NYSE.
Oil Well Cementing
The company was founded in 1919 by Erle P. Halliburton. After borrowing a wagon, a team of mules, and a pump, Halliburton built a wooden mixing box and started an oil well cementing business. The company quickly grew, expanding its operations beyond Oklahoma to Texas and Louisiana. During World War II, Halliburton was a key supplier of cementing services to the petroleum industry, which in turn was critical to the war effort. Following the war, Halliburton branched into construction, engineering, and other fields. Today, it’s one of the largest companies in the world of its kind. Some other companies operating in the same sector include Schlumberger Limited, Baker Hughes Company, and Weatherford International.
Drilling and Evaluation
This segment encompasses services and products that are crucial in the formation evaluation, drilling, and construction of oil and natural gas wells. Halliburton offers directional drilling services, which involve steering a drill bit to access reservoirs at various angles, rather than just vertically. This is complemented by their logging-while-drilling and measurement-while-drilling services, which provide real-time data about the geological formation being drilled. It also offers wireline and perforating services, which involve sending specialized equipment down into the well to perform various tasks such as evaluating the formation, managing well integrity, and placing charges to create perforations through which oil or gas can flow.
Completion and Production
This segment includes services and products that help optimize the production of oil and natural gas wells and maximize their efficiency. Halliburton provides pressure pumping, which is a key part of hydraulic fracturing, a process used to extract oil and gas from rock formations. It also offers well intervention services, which are used to maintain, enhance, or extend the production of an oil or gas well.
Additionally, Halliburton supplies cementing services, which involve the use of specialized cement to seal the well casing and isolate the different sections of the wellbore to prevent fluid migration and ensure well integrity. Beyond these core services, Halliburton also offers a range of digital solutions and software for reservoir modeling, drilling automation, and production optimization.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage