Financial Performance - Halliburton Company (HAL) reported second-quarter 2024 adjusted net income per share of 80 cents, matching the Zacks Consensus Estimate and exceeding the year-ago profit of 77 cents [1] - Revenues for the quarter were $5.8 billion, which was $35 million higher than the same period in 2023 but fell short of the Zacks Consensus Estimate of $6 billion due to weak performance in North America [1] Regional Performance - North American revenues decreased by 8% year over year to $2.5 billion, missing projections of $2.6 billion [2] - International revenues increased by 8.1% from the previous year to $3.4 billion, surpassing estimates by $42.5 million [2] Segment Analysis - Operating income from the Completion and Production segment was $723 million, up from $707 million year over year but slightly below the projection of $728.1 million [2] - The Drilling and Evaluation unit's profit improved from $376 million in Q2 2023 to $403 million in Q2 2024, although it was below the estimated $417.3 million [3] Capital Expenditure and Cash Flow - Halliburton's capital expenditure for the second quarter was $347 million, exceeding the projection of $303 million [4] - The company generated $1.1 billion in cash flow from operations, resulting in free cash flow of $793 million [4] Management Insights - Management highlighted that strong returns and cash flow were key to the robust second-quarter results, with solid demand in international markets [5] - The company emphasized its service quality, strategic approach, and technological leadership as factors that will support future performance [5]

Key TakeawaysHalliburton shares fell Friday morning after the company reported revenue that missed estimates as its U.S. operations lost ground.North American revenue slumped 8% amid a decline in U.S. pressure pumping services and a drop in Gulf of Mexico activity.The company's international revenue rose on high demand and activity levels, as well as "equipment tightness" in key drilling areas. Halliburton (HAL) shares slumped Friday as the big oilfield services provider’s U.S. business declined. The compan ...

Halliburton Company (HAL) has introduced the Sensori fracture monitoring service that provides continuous measurement and visualization of the subsurface. The solution is cost-effective and uses automation for the measurement and visualization processes.The Sensori service integrates non-intrusive technologies, automated data extraction and processing, and real-time subsurface data into one solution.  The idea is to provide operators with visibility and control over fracture performance.The service acquires ...

Financial Data and Key Metrics Changes - Total company revenue for Q2 2024 was $5.8 billion, with an operating margin of 18% [7][19] - International revenue was $3.4 billion, growing 8% year-over-year, while North America revenue decreased by 8% year-over-year to $2.5 billion [7][19] - Cash flow from operations was $1.1 billion, with free cash flow of approximately $800 million [7][23] Business Line Data and Key Metrics Changes - Completion and Production division revenue was $3.4 billion, flat sequentially, with an operating income margin of 21% [20] - Drilling and Evaluation division revenue was $2.4 billion, also flat sequentially, with an operating margin of 17% [20] Market Data and Key Metrics Changes - International revenue increased 3% sequentially, with notable growth in Europe/Africa (4% increase) and Middle East Asia (5% increase) [21] - North America revenue decreased by 3% sequentially, primarily due to lower pressure pumping services [21] Company Strategy and Development Direction - The company aims for profitable growth, expecting about 10% revenue growth in international markets for the full year [9] - Focus on technology and innovation, particularly in the Landmark Software business and artificial lift product line, which is growing at double the rate of overall international business [10][11] - Commitment to maximizing value in North America, prioritizing returns over market share, and investing in differentiated technologies [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the international business and anticipates steady growth throughout 2024 [9][18] - In North America, a decline in revenue is expected due to lower activity levels, but a recovery is anticipated in 2025 [13][14] - Management highlighted the importance of technology in driving efficiency and performance, particularly in the context of e-fleets and automation [16][65] Other Important Information - The effective tax rate for Q2 was 22.5%, lower than expected, with an anticipated increase in Q3 [23] - Capital expenditures for Q2 were $347 million, with expectations of approximately 6% of revenue for the full year [23] Q&A Session Summary Question: North America fleet contracting and pricing outlook - Management noted strong demand for e-fleets and ongoing contracts, with no early expirations until next year [26][27] Question: International growth prospects, particularly in the Middle East - Management expressed optimism about growth in the Middle East, particularly with Aramco and unconventional gas work [30][31] Question: Drivers of North America revenue decline - The decline is primarily activity-based, with some impact from M&A and natural gas market conditions [33][34] Question: International spending trends for 2025 - Management sees strong international spending trends for 2025, with meaningful projects expected to ramp up [35][36] Question: Drivers for bottoming out North America activity - Management expects an increase in activity as companies finalize plans for 2025 and divest assets to smaller operators [39][40] Question: Margin expansion opportunities in Drilling and Evaluation - Management is confident in margin expansion due to the adoption of new technologies and improved efficiencies [54][55] Question: E-frac economics and future penetration - Management indicated that e-frac technology is expected to grow significantly, with projections of 50% penetration in the fleet by next year [62][63] Question: North America revenue performance relative to rig count - Management believes Halliburton's revenue will outperform the rig count due to technology and efficiency [64][66]

分组1 - Halliburton reported quarterly earnings of $0.80 per share, matching the Zacks Consensus Estimate, and an increase from $0.77 per share a year ago [1] - The company posted revenues of $5.83 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.98%, and showing a slight increase from $5.8 billion year-over-year [1] - Over the last four quarters, Halliburton has surpassed consensus EPS estimates three times but has only topped revenue estimates once [1] 分组2 - The stock's immediate price movement will depend on management's commentary during the earnings call, with Halliburton shares up about 0.8% year-to-date compared to the S&P 500's 16.2% gain [2] - The current consensus EPS estimate for the upcoming quarter is $0.88 on revenues of $6.18 billion, and for the current fiscal year, it is $3.36 on revenues of $24.22 billion [4] - The Oil and Gas - Field Services industry is currently in the bottom 16% of Zacks industries, indicating potential underperformance compared to the top 50% of ranked industries [5]

Exhibit 99.1 HALLIBURTON ANNOUNCES SECOND QUARTER 2024 RESULTS HOUSTON – July 19, 2024 – Halliburton Company (NYSE: HAL) announced today net income of $709 million, or $0.80 per diluted share, for the second quarter of 2024. This compares to net income for the first quarter of 2024 of $606 million, or $0.68 per diluted share and first quarter of 2024 adjusted net income of $679 million, or $0.76 per diluted share. Halliburton's total revenue for the second quarter of 2024 was $5.8 billion, sequentially flat ...

HOUSTON, TEXAS - JUNE 15: An entrance sign stands near Halliburton Headquarters on June 15, 2024 in ... [+] Houston, Texas. (Photo by Brandon Bell/Getty Images)Getty ImagesHalliburton stock (NYSE: HAL), an energy company organized into the exploration, development, and production of oil and natural gas, is scheduled to report its fiscal second-quarter results on Friday, July 19. We expect HAL’s stock to trade higher with revenues and earnings beating market expectations in its second quarter. It is anticipa ...

Core Viewpoint - Halliburton Company (HAL) is expected to report second-quarter results on July 19, with a consensus estimate of $0.80 earnings per share and $6 billion in revenues, reflecting a year-over-year improvement in earnings and revenues [1][4]. Group 1: Previous Quarter Performance - In the last reported quarter, Halliburton achieved an adjusted net income per share of $0.76, surpassing the consensus estimate of $0.74, with revenues of $5.8 billion exceeding estimates by approximately $121 million [2]. - Halliburton has consistently beaten consensus estimates in the last four quarters, resulting in an average earnings surprise of 3.9% [2]. Group 2: Estimate Revisions and Trends - The Zacks Consensus Estimate for the second-quarter earnings has remained unchanged over the past week, indicating a 3.9% improvement year-over-year, while revenue estimates suggest a 2.6% increase from the previous year [4]. Group 3: Factors Influencing Performance - The U.S. oil and natural gas rig count has declined by around 15% year-over-year, negatively impacting drilling activity, which is crucial for service companies like Halliburton [5]. - The expected revenues for the North American region are projected at $2.6 billion, reflecting a 2.1% decrease from the previous year due to a challenging operating environment [5]. - Halliburton's cost of sales for the second quarter is anticipated to be $4.8 billion, up 1.9% from the previous year, influenced by inflationary pressures [6]. Group 4: Segment Performance - The projected operating income for the Drilling & Evaluation segment is estimated at $417.3 million, representing an 11% improvement year-over-year, driven by strategic positioning in key markets [6]. Group 5: Earnings Expectations - The Zacks model indicates uncertainty regarding Halliburton's ability to beat earnings estimates, with an Earnings ESP of -0.23% and a Zacks Rank of 4 (Sell) [7].

zhengzaishuru With a market capitalization of $29.76 billion as of this writing, Halliburton Company (NYSE:HAL) is a massive player in the energy services industry. Even though the general environment looks bullish for oil and natural gas at this point, shares of the company are going through a bit of pain. You see, back in April of this year, I wrote an article that took a bullish stance on the firm. I ended up rating the company a ‘buy’ because of a favorable oil environment, robust financial performa ...

Halliburton (HAL) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 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 July 19, 2024, might help the stock move higher if these key numbers are better than expect ...