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Halliburton(HAL) - 2024 Q3 - Earnings Call Transcript
2024-11-07 17:05
Halliburton Company (NYSE:HAL) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants David Coleman - Senior Director, IR Jeff Miller - Chairman, President, and CEO Eric Carre - EVP and CFO Conference Call Participants Dave Anderson - Barclays Arun Jayaram - JPMorgan Securities James West - Evercore ISI Roger Read - Wells Fargo Securities Neil Mehta - Goldman Sachs Saurabh Pant - Bank of America Kurt Hallead - Benchmark Operator Good day, and welcome to the Third Quarter 2024 Halli ...
Halliburton Revenue Hit by Challenges
The Motley Fool· 2024-11-07 17:03
As a result of operational challenges, Halliburton missed analyst expectations for the quarter.Halliburton (HAL -4.16%), a leading oilfield services company, reported its earnings for the third quarter of 2024 on Nov. 7. For the period, revenue totaled $5.7 billion, which was below the analyst estimate of $5.83 billion. The report showed a stabilization in revenue growth despite some significant operational challenges such as cyber incidents and adverse weather conditions.The company recorded a net earnings ...
Halliburton(HAL) - 2024 Q3 - Quarterly Report
2024-11-07 16:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ Commission File Number 001-03492 HALLIBURTON COMPANY (Exact name of registrant as specified in its charter) Delaware 75-2677995 (State or other juri ...
Halliburton (HAL) Q3 Earnings and Revenues Miss Estimates
ZACKS· 2024-11-07 13:56
Halliburton (HAL) came out with quarterly earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -2.67%. A quarter ago, it was expected that this provider of drilling services to oil and gas operators would post earnings of $0.80 per share when it actually produced earnings of $0.80, delivering no surprise. Over th ...
Halliburton(HAL) - 2024 Q3 - Quarterly Results
2024-11-07 12:08
Exhibit 99.1 HALLIBURTON HALLIBURTON ANNOUNCES THIRD QUARTER 2024 RESULTS • Net income of $0.65 per diluted share. • Adjusted net income per diluted share of $0.73. • Revenue of $5.7 billion and operating margin of 15%. • Adjusted operating margin of 17%. 1 2 HOUSTON – November 7, 2024 – Halliburton Company (NYSE: HAL) announced today net income of $571 million, or $0.65 per diluted share, for the third quarter of 2024. This compares to net income for the second quarter of 2024 of $709 million, or $0.80 per ...
Surging Oil Stock To Avoid
Forbes· 2024-11-06 20:07
Immediately following news of Donald Trump’s U.S. Presidential election victory, oil stocks surged. Halliburton (HAL) stock was last seen up more than 6.7% today, pacing for its best daily performance since October 2023. HAL is still underperforming for the year though, down 4% since January. And more losses could be on the way, as the stock is now flashing a historically bearish signal.The oil name has risen to its 50-day moving average, and per Schaeffer's Senior Quantitative Analyst Rocky White, it's run ...
Halliburton Company's Q3 Earnings Preview: Points to Consider
ZACKS· 2024-11-04 14:16
Halliburton Company (HAL) is set to release third-quarter results on Nov. 7. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 80 cents per share on revenues of $6 billion.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let’s delve into the factors that might have influenced the oilfield service firm’s performance in the September quarter. But it’s worth taking a look at HAL’s previous-quarter performance first.Highlights of Q2 Earnings & Surprise Hi ...
Analysts Estimate Halliburton (HAL) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-31 15:06
Halliburton (HAL) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if these key numbers are better tha ...
Halliburton Launches Fully Automated Hydraulic Fracturing Service
ZACKS· 2024-09-27 15:05
Halliburton Company (HAL) has launched the Octiv Auto Frac service, which is the latest addition to its Octiv Intelligent Fracturing Platform. The company stated that the innovative solution is intended to revolutionize the frac process. This service has been engineered for the automation and digitization of workflows, equipment management and information handling across all key parts of the fracturing process. Halliburton also mentioned that the service is expected to improve efficiency and safety in frac ...
Halliburton Launches Octiv Auto Frac to Optimize Fracturing Operations
ZACKS· 2024-09-20 13:25
Halliburton Company (HAL) , based in Houston, TX, has taken a significant step forward in the oil and gas industry with the introduction of the Octiv Auto Frac service, a cutting-edge addition to the Octiv Intelligent Fracturing Platform. This innovative service digitizes and automates workflows, equipment and information across all facets of fracture operations, enhancing efficiency and safety for HAL and its customers. Understanding the Octiv Intelligent Fracturing Platform The Octiv platform is designed ...