Halliburton (HAL) came out with quarterly earnings of $0.70 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this provider of drilling services to oil and gas operators would post earnings of $0.75 per share when it actually produced earnings of $0.73, delivering a surprise of -2.67%.Over the last four quarters, the company has surpassed consensus EPS estimates ...

Financial Performance - Net income for Q4 2024 was $615 million, or $0.70 per diluted share, compared to $571 million, or $0.65 per diluted share in Q3 2024[2] - Total revenue for Q4 2024 was $5.6 billion, compared to $5.7 billion in Q3 2024[2] - Operating income for Q4 2024 was $932 million, compared to $871 million in Q3 2024[2] - Full-year 2024 revenue was $22.9 billion, flat compared to 2023[2] - Full-year 2024 operating income was $3.8 billion, compared to $4.1 billion in 2023[2] - Total revenue for the year ended December 31, 2024, was $22.944 billion, a slight decrease from $23.018 billion in 2023[25] - Net income attributable to the company for 2024 was $2.501 billion, down from $2.638 billion in 2023[25] - Total operating income for 2024 was $3.822 billion, down from $4.083 billion in 2023[25] - Operating income for the year ended December 31, 2024, was $3,822 million, compared to $4,083 million in 2023[42] - Adjusted operating income for 2024 was $3,938 million, after adding $116 million in impairments and other charges[42] - Net income attributable to the company for the year ended December 31, 2024, was $2,501 million, compared to $2,638 million in 2023[49] - Adjusted net income attributable to the company for 2024 was $2,644 million, after adding $143 million in net adjustments[49] - Adjusted net income per diluted share for 2024 was $2.99, compared to $3.13 in 2023[49] Segment Performance - Completion and Production revenue in Q4 2024 was $3.2 billion, a 4% decrease sequentially[6] - Drilling and Evaluation revenue in Q4 2024 was $2.4 billion, flat sequentially[7] - Completion and Production segment revenue for 2024 was $13.251 billion, compared to $13.689 billion in 2023[25] - Drilling and Evaluation segment revenue increased to $9.693 billion in 2024 from $9.329 billion in 2023[25] Regional Performance - North America revenue in Q4 2024 was $2.2 billion, a 7% decrease sequentially[8] - International revenue in Q4 2024 was $3.4 billion, a 3% increase sequentially[9] - North America revenue decreased to $9.626 billion in 2024 from $10.492 billion in 2023[38] - Middle East/Asia revenue increased to $6.104 billion in 2024 from $5.678 billion in 2023[38] Cash Flow and Capital Management - Halliburton repurchased $309 million of its common stock and $100 million of debt in Q4 2024[14] - Cash and equivalents increased to $2.618 billion at the end of 2024 from $2.264 billion in 2023[31] - The company repurchased $1.005 billion worth of stock in 2024, up from $800 million in 2023[33] - Free cash flow for the year ended December 31, 2024, was $2,646 million, compared to $2,274 million in 2023[54] - Total cash flows provided by operating activities for 2024 were $3,865 million, compared to $3,458 million in 2023[54] - Capital expenditures for 2024 were $1,442 million, compared to $1,379 million in 2023[54] - Proceeds from sales of property, plant, and equipment for 2024 were $223 million, compared to $195 million in 2023[54] Shareholder Metrics - Diluted weighted average common shares outstanding for 2024 were 883 million, compared to 902 million in 2023[49] - Adjusted net income per diluted share for 2024 was $2.99, compared to $3.13 in 2023[49] Impairments and Charges - The company incurred a $116 million charge in 2024 due to impairments and other charges, compared to none in 2023[25]

Wall Street analysts forecast that Halliburton (HAL) will report quarterly earnings of $0.70 per share in its upcoming release, pointing to a year-over-year decline of 18.6%. It is anticipated that revenues will amount to $5.64 billion, exhibiting a decline of 1.7% compared to the year-ago quarter.The current level reflects a downward revision of 2.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their ...

Halliburton Company (HAL) , a leading U.S.-based oilfield services firm, is engaged in major talks with Iraq and is close to finalizing a deal for the development of the Nahr Bin Omar oilfield. The state-owned oil company of Iraq, Basra Oil Company (BOC), has announced that Halliburton and the country’s oil ministry are anticipated to sign a confidentiality agreement in the coming days. Once the deal is signed, Iraq will present the necessary information related to the Nahr Bin Omar field to Halliburton, in ...

Halliburton Company (HAL) is set to release fourth-quarter results on Jan. 22. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 70 cents per share on revenues of $5.6 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 December quarter. But it’s worth taking a look at HAL’s previous-quarter performance first.Highlights of Q3 Earnings & Surprise ...

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Analysts on Wall Street project that Halliburton (HAL) will announce quarterly earnings of $0.70 per share in its forthcoming report, representing a decline of 18.6% year over year. Revenues are projected to reach $5.64 billion, declining 1.7% from the same quarter last year.The current level reflects a downward revision of 3.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ov ...

The Energy sector has come back to life in 2025. While the year is just a handful of trading sessions old, we’ve seen a rotation from last year’s winners into its laggards. Of course, that means a bid for beaten-down oil & gas names. SharesFreelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is puttin ...

Halliburton (NYSE: HAL ) stock has not performed well since the beginning of 2022. The shares have been floating around from the low forties to the $24 mark. Today, close to $28 and with a comfortable PE ratio of just 9, I consider HAL a good buy, consideringI am a dedicated financial risk manager and investor specializing in financials, consumer, and technology industries. I have been involved in the investing world for over seven years, making deep analyses and managing different types of portfolios.I bel ...

The market expects Halliburton (HAL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 22, 2025, might help the stock move higher if these key numbers are ...