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]

Core Insights - Halliburton Company reported first-quarter 2025 adjusted net income per share of 60 cents, matching the Zacks Consensus Estimate but down from 76 cents in the previous year, reflecting softer North American activity offset by international growth [1] - Revenues for the quarter were $5.4 billion, a decrease of 6.7% year over year, yet exceeding the Zacks Consensus Estimate of $5.3 billion [1] Segment Performance - North American revenues fell 12% year over year to $2.2 billion, missing projections of $2.4 billion [2] - International revenues decreased 2.4% to $3.2 billion but surpassed estimates of $2.8 billion [2] - The Completion and Production segment reported operating income of $531 million, down from $688 million last year and below the estimate of $541.5 million, primarily due to weaker pressure pumping services [3] - The Drilling and Evaluation unit's profit declined to $352 million from $398 million year over year, falling short of the estimate of $360.8 million, attributed to reduced drilling services in Mexico and the Middle East [4] Financial Position - Halliburton's first-quarter capital expenditure was $302 million, lower than the projected $318.2 million [5] - As of March 31, 2025, the company had approximately $1.8 billion in cash and $7.2 billion in long-term debt, resulting in a debt-to-capitalization ratio of 40.8% [5] - The company generated $377 million in cash flow from operations, leading to a free cash flow of $124 million [5] Management Outlook - Management emphasized strong international contract wins and increasing demand for advanced technologies, including the first closed-loop, autonomous fracturing operation [6] - Despite challenges in the broader energy market, Halliburton remains optimistic about long-term growth driven by technology and service quality [6] Investment Considerations - Halliburton currently holds a Zacks Rank 3 (Hold) [7] - Other companies in the Oil and Gas - Field Services sector include Helix Energy Solutions Group (Zacks Rank 1), Flotek Industries (Zacks Rank 2), and Nine Energy Service (Zacks Rank 2) [7]