Core Insights - Halliburton Company has secured a five-year contract from Repsol Resources UK to support the full well lifecycle on platform assets in the UK North Sea, enhancing revenue streams and market presence [1][9] - The contract includes providing subsurface technology, drilling and completion services, and advanced digital solutions, which are essential for Repsol's development and decommissioning strategy [2][9] - The partnership emphasizes innovation and economic growth, aiming to set an industry benchmark for efficiency and sustainability in operations [4][5] Contract Details - Halliburton will implement a rigless intervention framework to optimize well construction, production, and intervention, contributing to safer and more efficient decommissioning [2][3] - The rigless intervention framework allows for well intervention without deploying a full-sized drilling rig, utilizing specialized technologies to modify downhole conditions [3] Strategic Implications - The partnership reflects a shared commitment to unlocking the potential of the UK North Sea, aligning technology-driven services with long-term energy transition and sustainability goals [4][5] - This contract may lead to future collaborations, highlighting the critical role of technology in managing the well lifecycle and advancing decommissioning efforts [5]

Company Performance - Halliburton's stock closed at $19.97, reflecting a +0.3% change from the previous day, but lagged behind the S&P 500's daily gain of 2.05% [1] - The stock has decreased by 3.58% over the past month, underperforming the Oils-Energy sector's gain of 1.87% and the S&P 500's gain of 5.21% [1] Upcoming Earnings - Halliburton is expected to report an EPS of $0.57, which is a decline of 28.75% from the same quarter last year, with projected revenue of $5.46 billion, down 6.42% year-over-year [2] - For the full year, earnings are projected at $2.40 per share and revenue at $21.87 billion, indicating decreases of -19.73% and -4.67% respectively from the previous year [3] Analyst Estimates and Rankings - Recent consensus EPS projections have decreased by 3.4% in the last 30 days, and Halliburton currently holds a Zacks Rank of 4 (Sell) [5] - The Zacks Rank system has shown that 1 ranked stocks have yielded an average annual return of +25% since 1988, indicating the importance of analyst estimate revisions [5] Valuation Metrics - Halliburton has a Forward P/E ratio of 8.29, which is significantly lower than the industry average of 14.47, suggesting it is trading at a discount [6] - The company has a PEG ratio of 3.07, compared to the industry average of 2.4, indicating a higher expected earnings growth rate relative to its peers [7] Industry Context - The Oil and Gas - Field Services industry, part of the Oils-Energy sector, ranks 172 in the Zacks Industry Rank, placing it in the bottom 31% of all industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the competitive landscape [8]

Core Insights - Halliburton has launched EarthStar 3DX, a next-generation 3D horizontal look-ahead resistivity service that enhances subsurface mapping by providing geological foresight up to 50 feet ahead of the drill bit [1][14] - The EarthStar 3DX system integrates ultra-deep resistivity sensing with a near-bit sensor system, allowing operators to proactively adapt drilling trajectories and maximize hydrocarbon extraction [2][6] Technology Advancements - The near-bit ultra-deep resistivity sensor in EarthStar 3DX enables early detection of geological variations, improving both pre-emptive and real-time decision-making [3][4] - This technology significantly reduces unnecessary course corrections and prevents premature exits from the reservoir zone, optimizing wellbore placement and improving drilling efficiency [4][6] Operational Efficiency - EarthStar 3DX maximizes reservoir contact by enabling continuous mapping of formation boundaries and fluid interfaces ahead of the drill bit, allowing for dynamic steering within productive zones [5][6] - The integration of real-time subsurface data enhances situational awareness and supports adaptive drilling strategies, reducing non-productive time and improving overall drilling performance [6][8] Strategic Initiatives - Halliburton's recent exploration wells in offshore Namibia and the deployment of an automated on-bottom drilling system in the North Sea highlight its global operational excellence and technical capabilities [12][13] - The company's focus on innovation and strategic partnerships positions it at the forefront of next-generation reservoir mapping and drilling optimization [10][14]

Core Insights - Halliburton Company and Rhino Resources have successfully completed the first two exploration wells on Block 2914 in Namibia, utilizing entirely local infrastructure, marking a significant milestone for the region's energy sector [1] - The partnership sets a new standard for energy development in Namibia, enhancing the country's position as a rising energy hub in Africa and potentially attracting further investment [2] - The initiative emphasizes local capacity building and education, with a focus on long-term benefits for Namibians through knowledge transfer [3] Local Capacity and Education - The Rhino-Halliburton Technology Centre, inaugurated in October 2024, aims to advance geoscience education and equip Namibian youth with essential skills for the energy sector [4] - The project reflects a commitment to not only explore geological potential but also to ensure sustainable development for the local community [3] Financial Implications - Halliburton's entry into Namibia represents a strategic move into a high-growth energy market, with the development of local infrastructure and a technology center indicating a long-term commitment that could lead to future revenue opportunities [6] - The contract secured by Halliburton from Rhino Resources includes the construction of multiple deepwater integrated wells and emphasizes the importance of localization in the oil and gas industry [5] Industry Context - Halliburton is one of the largest oilfield service providers globally, offering a range of services to various sectors, including energy and government [7] - Investors may consider other top-ranked energy stocks, such as Prairie Operating Co. and Global Partners LP, which are also experiencing significant growth projections [8][9][10][11]

Core Insights - Seeking Alpha introduces Jaime Perez as a new contributing analyst with over two decades of experience in equity research, particularly in the energy and clean technology sectors [2] Group 1 - Jaime Perez has a background as both a sell-side and buy-side equity research analyst, focusing on small to mid-cap companies [2] - The analysis provided by Jaime is independent and aims to be bias-free, as he is no longer affiliated with any financial institution [2] Group 2 - There is a disclosure stating that Jaime has no current stock or derivative positions in any companies mentioned, nor plans to initiate any within the next 72 hours [3] - The article emphasizes that past performance does not guarantee future results and that no specific investment recommendations are being made [4]

First Quarter 2025 Update NYSE Stock Symbol: HAL Common Dividend: $0.17 in the first quarter 2025 Shares Outstanding: 860 million as of 4/18/2025 Investor Relations Contacts David Coleman, Sr. Director Lyn Labahn, Director (281) 871-2688 investors@halliburton.com © 2025 Halliburton. All rights reserved. 1 Safe Harbor The statements in this presentation that are not historical statements are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous ...

1 Fourth Quarter 2024 Update NYSE Stock Symbol: HAL Common Dividend: $0.17 in the fourth quarter 2024 Shares Outstanding: 868 million as of 2/5/2025 Investor Relations Contacts David Coleman, Sr. Director Lyn Labahn, Director (281) 871-2688 investors@halliburton.com © 2025 Halliburton. All rights reserved. Safe Harbor 4 Strategic Priorities 8 Financial Results The statements in this presentation that are not historical statements are forward-looking statements within the meaning of the federal securities la ...

Group 1 - Halliburton Company's shares have declined by 50% over the past year [1] - The slowdown in US oil production activity has significantly impacted Halliburton, which derives over 40% of its revenues from this sector [1]

Core Insights - Halliburton reported $5.42 billion in revenue for Q1 2025, a year-over-year decline of 6.7% and an EPS of $0.60, down from $0.76 a year ago, with a revenue surprise of +3.04% over the Zacks Consensus Estimate of $5.26 billion [1] Revenue Performance - Latin America revenues were $896 million, below the average estimate of $908.50 million, representing a year-over-year decline of 19.1% [4] - Europe/Africa/CIS revenues reached $775 million, exceeding the estimated $737.29 million, with a year-over-year increase of 6.3% [4] - North America revenues totaled $2.24 billion, slightly above the estimated $2.19 billion, but down 12.2% year-over-year [4] - Middle East/Asia revenues were $1.51 billion, surpassing the estimated $1.42 billion, with a year-over-year increase of 6.3% [4] Segment Performance - Drilling and Evaluation revenues were $2.30 billion, exceeding the estimated $2.21 billion, but down 5.5% year-over-year [4] - Completion and Production revenues amounted to $3.12 billion, above the estimated $3.05 billion, with a year-over-year decline of 7.5% [4] Operating Income - Operating income for Completion and Production was $531 million, slightly below the estimated $540.02 million [4] - Corporate and other segments reported an operating loss of $66 million, better than the estimated loss of $81.18 million [4] - Operating income for Drilling and Evaluation was $352 million, compared to the estimated $356.73 million [4] Stock Performance - Halliburton shares have returned -16.3% over the past month, while the Zacks S&P 500 composite has changed by -4.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Revenue Performance - Total company revenue for Q1 2025 was $5.4 billion, a 7% decrease compared to Q1 2024[82] - Total revenue for Q1 2025 was $5.417 billion, a decrease of 7% compared to $5.804 billion in Q1 2024[109] - Completion and Production segment revenue decreased by 8% in Q1 2025, primarily due to lower pressure pumping services and completion tool sales in the Western Hemisphere[83] - Drilling and Evaluation segment revenue decreased by 6% in Q1 2025, driven by reduced drilling services in Mexico and the Middle East[84] - North America revenue decreased by 12% in Q1 2025, mainly due to lower stimulation activity in US Land[85] - International revenue decreased by 2% in Q1 2025, largely due to lower activity in Mexico, Senegal, and Italy[86] - Completion and Production revenue decreased by 8% to $3.120 billion, while Drilling and Evaluation revenue decreased by 6% to $2.297 billion compared to Q1 2024[109] - Latin America revenue decreased by 19% to $896 million, mainly due to lower activity in Mexico[114] - Europe/Africa/CIS revenue increased by 6% to $775 million, supported by improved activity in Norway and Namibia[115] - Middle East/Asia revenue rose by 6% to $1.510 billion, driven by increased activity in Kuwait and Saudi Arabia[116] Operating Income and Expenses - Operating income for Q1 2025 was $431 million, including impairments and other charges of $356 million, down from $987 million in Q1 2024[82] - Operating income for Q1 2025 was $431 million, down 56% from $987 million in Q1 2024, primarily due to a $356 million pre-tax charge for impairments and other charges[110][118] - The effective tax rate for Q1 2025 was 33.7%, significantly higher than 22.6% in Q1 2024, influenced by impairments and other charges[122] - The company recognized $30 million in SAP S4 upgrade expenses in Q1 2025, down from $34 million in Q1 2024[117] Cash Flow and Capital Management - Cash flows from operating activities were $377 million in Q1 2025, with capital expenditures of $302 million[88][96] - As of March 31, 2025, the company had $1.8 billion in cash and equivalents, down from $2.6 billion at the end of 2024[88] - The quarterly dividend rate is $0.17 per common share, totaling approximately $147 million[90] - The company repurchased 9.6 million shares of common stock for $250 million in Q1 2025[91] Future Outlook - The company expects a negative impact on earnings per share in Q2 2025 due to a 10% decrease in crude oil prices since the end of Q1 2025[108]