The most recent trading session ended with Halliburton (HAL) standing at $29.20, reflecting a +0.45% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.82%. Elsewhere, the Dow saw a downswing of 0.22%, while the tech-heavy Nasdaq appreciated by 1.77%.Shares of the provider of drilling services to oil and gas operators have depreciated by 3.71% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.1% and the S&P 50 ...

Core Viewpoint - Halliburton Company (HAL) is facing significant challenges, with a notable decline in stock performance and disappointing quarterly results, suggesting caution for potential investors [1][4][13] Financial Performance - Halliburton reported adjusted net income per share of 73 cents for Q3, missing the Zacks Consensus Estimate of 75 cents and down from 79 cents in the previous year [4] - Revenues decreased by 1.8% year over year to $5.7 billion, falling short of projections of $5.8 billion [4] - North American revenues dropped 8.5% year over year to $2.4 billion, significantly impacting overall performance [5] Market Exposure - Approximately 40% of Halliburton's revenues come from North America, making it more vulnerable to regional downturns compared to peers like SLB and Baker Hughes, which have 20% and 25% exposure, respectively [6] - The North American market is expected to face seasonal budget exhaustion, potentially affecting full-year revenues and margins [7] International Operations - The international segment showed modest growth of 4% year over year, but faced challenges such as decreased drilling activity in the North Sea and project delays in the Middle East [8] Cybersecurity Issues - A cybersecurity breach in Q3 disrupted billing and collection processes, impacting free cash flow and earnings per share by an estimated 2 cents [9][10] - The incident led to a temporary suspension of the share repurchase program, limiting shareholder returns [10] Earnings Estimates - Earnings estimates for Halliburton have been revised downward, with 2024 EPS projections dropping by 4% to $3.00 and 2025 estimates falling by over 8% [11] Valuation Perspective - Halliburton is trading at a forward price-to-earnings (P/E) ratio of 9.33, which is above its 3-year low of 8.10, raising concerns about the justification of this premium given the company's challenges [11] Conclusion - Given the weak Q3 results, ongoing challenges in North America, international headwinds, and cybersecurity issues, Halliburton stock is considered a risky investment at this time [13]

Core Insights - Halliburton Company (HAL) has launched the Intelli suite of diagnostic well intervention wireline logging services aimed at enhancing well insights, increasing production, extending asset life, and reducing operational costs [1][14] Group 1: Intelli Suite Overview - The Intelli suite combines advanced technologies with Halliburton's expertise to provide a comprehensive solution for optimizing performance and improving operational efficiency [2] - The suite includes several key services: IntelliSat for reservoir insights, IntelliFlow for production logging, IntelliGuard for casing inspection, and IntelliScope for leak detection [3][5][7][9] Group 2: IntelliSat for Reservoir Insights - IntelliSat offers cutting-edge pulsed-neutron logging services that improve recovery rates by detecting bypassed pay zones and providing detailed measurements [3][4] - It delivers a more robust method for measuring reservoir saturation and monitoring fluid properties, aiding operators in making informed decisions [4] Group 3: IntelliFlow for Production Logging - IntelliFlow enhances reservoir insights through colocated fluid identification and flow rate sensors, allowing for accurate profiling of production [5][6] - It provides precision phase analysis and dynamic flow information critical for optimizing production and reducing operational costs [6] Group 4: IntelliGuard for Casing Inspection - IntelliGuard is a high-definition casing inspection service that detects and quantifies metal loss in multiple concentric casings, helping to identify potential integrity issues [7][8] - Its imaging capabilities allow for early detection of corrosion or damage, enabling preventative measures to extend asset life [8] Group 5: IntelliScope for Leak Detection - IntelliScope accurately locates leak sources and traces flow paths, ensuring swift detection of even the smallest leaks [9][10] - This service leads to quicker resolution times and reduces the need for extensive interventions [10] Group 6: Integration and Support - The Intelli suite allows for the integration of services, providing comprehensive data acquisition in a single run, which saves time and costs [11][12] - HAL's global network of geoscientists and production experts supports the Intelli suite, ensuring access to cutting-edge technologies and industry expertise [13] Group 7: Industry Impact - The Intelli suite represents a significant advancement in oil and gas technology, setting new standards in well intervention and production optimization [14]

One of the largest oil field service providers, Halliburton Company (HAL) , recently announced the launch of multiple facilities across Namibia, marking a significant step toward providing advanced energy solutions and boosting the nation’s economy in the oil and gas sector.An Insight Into HAL’s New FacilitiesHAL’s new Namibian facilities, having a combined footprint of about 20,000 m², will be located in different areas like Windhoek, Walvis Bay, Swakopmund and Lüderitz. The Windhoek facility will provide ...

GARHAM, BAVARIA, GERMANY - 2024/07/24: In this photo illustration, Halliburton Company logo seen ... [+] displayed on a tablet. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images After a 15% decline since the beginning of the year, at the current price of around $30 per share, we believe Halliburton stock (NYSE: HAL), an energy company organized into the exploration, development, and production of oil and natural gas - has upside potentia ...

Halliburton Company (HAL) reported third-quarter 2024 adjusted net income per share of 73 cents, missing the Zacks Consensus Estimate of 75 cents and below the year-ago quarter profit of 79 cents (adjusted). The weak numbers reflect subdued performance in the North American region and the effects of the August cyberattack incident. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Meanwhile, revenues of $5.7 billion were 1.8% lower year over year and missed the Zacks Consensus Estimate ...

Investment Rating - The report indicates a negative market reaction to Halliburton's third-quarter performance, with an adjusted net income of $641 million, which fell short of market expectations of $666 million [1][2]. Core Insights - Halliburton's revenue for the third quarter was $5.697 billion, slightly below market expectations, and represented a 2% decline both quarter-over-quarter and year-over-year [2][4]. - The company's drilling and evaluation segment generated $2.398 billion in revenue, which was below expectations, while the completion and production segment reported $3.299 billion, also falling short of market forecasts [2][4]. - The report highlights a decrease in capital expenditures to $339 million, down 2% from the previous quarter and down 17% year-over-year [2][4]. Summary by Relevant Sections Revenue Performance - Adjusted net income for the third quarter was $641 million, down 10% from the previous quarter and year [2][4]. - Total revenue was $5.697 billion, a decrease of 2% from the previous quarter and year [2][4]. Segment Analysis - Drilling and Evaluation: Revenue was $2.398 billion, with a profit margin of 17%, which met market expectations but was impacted by reduced drilling services in Europe and fluid services in North America [2][4]. - Completion and Production: Revenue was $3.299 billion, down 3% quarter-over-quarter, with a profit margin of 20%, attributed to decreased pressure pumping services in the U.S. and lower sales of completion tools in North America and Europe/Africa [2][4]. Capital Expenditures - Capital expenditures for the third quarter were reported at $339 million, reflecting a 2% decrease from the previous quarter and a 17% decrease year-over-year [2][4].

Financial Data and Key Metrics Changes - Total company revenue for Q3 2024 was $5.7 billion, a decrease of 2% sequentially, with an adjusted operating margin of 17% [41] - Adjusted net income per diluted share was $0.73, while reported net income per diluted share was $0.65 [37] - Cash flow from operations was $841 million, and free cash flow was $543 million [50] - The cybersecurity event and storms in the Gulf of Mexico reduced adjusted earnings by approximately $0.02 per share [7][38] Business Line Data and Key Metrics Changes - Completion and Production division revenue was $3.3 billion, a decrease of 3% sequentially, with an operating income margin of 20% [42] - Drilling and Evaluation division revenue was $2.4 billion, remaining flat sequentially, with an operating margin of 17% [43] - International revenue was flat sequentially, with notable performance in Middle East Asia, which saw a 3% increase [45] Market Data and Key Metrics Changes - North America revenue was $2.4 billion, a 4% decrease sequentially, primarily due to lower hydraulic fracturing activity [47] - Latin America revenue decreased by 4% sequentially to $1.1 billion, driven by lower hydraulic fracturing activity in Argentina [46] - Europe Africa revenue decreased by 5% sequentially to $722 million, primarily due to decreased drilling-related services in the North Sea [44] Company Strategy and Development Direction - The company aims to maximize value in North America through unique technology and disciplined capital deployment, with 90% of its fracturing fleets committed for work in 2025 [25][35] - International growth is expected to be in the low- to mid-single digits, with a focus on unconventionals, artificial lift, and intervention as key growth areas [11][17] - The company emphasizes its technology portfolio and value proposition to drive profitable growth in 2025 [23][52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the impact of reduced regulation and faster permitting on North American onshore activity [56] - The company anticipates that the cybersecurity event will not have significant further expenses in Q4 and expects to catch up on stock buybacks [39][40] - Management highlighted the importance of technology and efficiency in driving future growth, particularly in international markets [82][84] Other Important Information - The implementation of SAP S4 has been delayed by three to six months and is expected to cost an additional $20 million to $30 million [41][95] - The company plans to maintain a systematic approach to stock buybacks, targeting an average of $250 million per quarter [96][99] Q&A Session Summary Question: How might the election impact the business? - Management expressed optimism that reduced regulation and faster permitting would positively impact North American onshore activity [56] Question: Will there be a pickup in Gulf of Mexico activity? - Management indicated that reducing regulatory risks could create a better environment for operators in the Gulf of Mexico [57] Question: Outlook for North America and Completion and Production next year? - Management feels confident about 2025, with significant capacity committed and a focus on efficiency and recovery [64] Question: How does increased efficiency in frac fleets impact profitability? - Management noted that increased efficiency allows for generating the same or more revenue with less equipment, which supports margins [68] Question: Insights on international productivity and efficiency? - Management stated that international markets are further behind in technology application compared to North America, presenting growth opportunities [82][84] Question: What are the lessons learned from the cybersecurity incident? - Management emphasized the importance of preparedness and working with top professionals in the industry [90] Question: What is the plan for stock buybacks moving forward? - Management plans to maintain a systematic approach to stock buybacks, with a target of $250 million per quarter [99]

Core Insights - Halliburton missed analyst expectations for Q3 2024, reporting revenue of $5.7 billion, below the estimated $5.83 billion, due to operational challenges [1][2] - The company recorded a diluted EPS of $0.65, falling short of the forecast of $0.753, marking a year-over-year decline of 17.8% [2][3] Financial Performance - Revenue for Q3 2024 was $5.697 billion, a decrease of 1.8% from Q3 2023's $5.804 billion [3] - Completion and Production revenue was $3.299 billion, down 5.4% sequentially, while Drilling and Evaluation revenue was $2.398 billion, down 1.3% [3][6] - Operating income for the Completion and Production segment fell by 7% to $669 million, while the Drilling and Evaluation segment saw a slight increase in operating income to $406 million [6][7] Operational Challenges - The company faced significant operational challenges, including cyber incidents and adverse weather conditions, which impacted revenue and operational continuity [1][7] - A cyberattack and storms in the Gulf of Mexico notably affected operations, resulting in a $0.02 hit to EPS [7] Regional Performance - North America experienced a 4% sequential revenue decline to $2.4 billion, influenced by reduced pressure pumping activities and storm disruptions [8] - International revenue remained steady at $3.3 billion, with the Middle East/Asia region seeing a 3% increase due to enhanced operations in Saudi Arabia [8] Strategic Initiatives - Halliburton is focusing on technological advancements to optimize operations and enhance service offerings, including digital and automation solutions [5] - The company initiated a $200 million stock repurchase plan and incurred $28 million in capital expenditures for digital infrastructure migration [9] Future Outlook - Management remains optimistic about strong free cash flow and sustained shareholder returns, driven by international growth and technological advancements [10] - Investors are encouraged to monitor developments in digital technology initiatives and international market expansion as key growth areas [11]

Revenue Performance - Total company revenue for Q3 2024 was $5.7 billion, a 2% decrease compared to Q3 2023[54]. - Total revenue for Q3 2024 was $5.697 billion, a decrease of $107 million or 2% compared to $5.804 billion in Q3 2023[81]. - Total revenue for the first nine months of 2024 was $17.3 billion, a slight increase of $55 million compared to $17.3 billion in the same period of 2023[96]. - Completion and Production segment revenue decreased by 5% in Q3 2024, primarily due to reduced stimulation activity in the Western Hemisphere[55]. - Completion and Production segment revenue decreased by $299 million, or 3%, to $10.1 billion in the first nine months of 2024[98]. - Drilling and Evaluation segment revenue increased by 3% in Q3 2024, driven by higher drilling services in the Western Hemisphere and Middle East/Asia[56]. - Drilling and Evaluation segment revenue increased by $354 million, or 5%, to $7.3 billion in the first nine months of 2024[99]. - North America revenue decreased by 9% in Q3 2024, mainly due to lower pressure pumping services and decreased well intervention services in U.S. land[57]. - North America revenue decreased by 8% to $7.4 billion, primarily due to lower pressure pumping services and decreased well intervention services[100]. - International revenue increased by 4% in Q3 2024, largely due to increased activity in Kuwait and improved well construction in Mexico and UAE[58]. - Latin America revenue increased by 10% to $3.3 billion, driven by improved activity in Mexico and Argentina[101]. - Europe/Africa/CIS revenue increased by 5% to $2.2 billion, supported by higher project management activity and pressure pumping services[102]. - Middle East/Asia revenue increased by 9% to $1.536 billion in Q3 2024, driven by higher activity in Kuwait and Saudi Arabia[88]. - Middle East/Asia revenue increased by 7% to $4.5 billion, primarily due to increased drilling and pressure pumping services[103]. Operating Income and Expenses - Operating income for Q3 2024 was $871 million, reflecting a 16% decrease from Q3 2023, including impairments and other charges of $116 million[54]. - Operating income for Q3 2024 was $871 million, a decrease of 16% from $1.037 billion in Q3 2023[82]. - Operating income for the first nine months of 2024 was $2.9 billion, a decrease of $135 million, or 4%, compared to $3.0 billion in 2023[97]. - The company recognized a pre-tax charge of $116 million in Q3 2024 related to severance costs and asset impairments[90]. - The company recognized $91 million in SAP S4 upgrade expenses during the first nine months of 2024, up from $36 million in the same period of 2023[104]. Cash Flow and Shareholder Returns - Cash flows from operating activities for the first nine months of 2024 were $2.4 billion, with capital expenditures of $1.0 billion[62]. - The company repurchased 20.1 million shares for $696 million and paid $452 million in dividends to shareholders during the first nine months of 2024[62]. - As of September 30, 2024, the company had $2.2 billion in cash and equivalents, down from $2.3 billion at the end of 2023[61]. - The company aims to maintain capital expenditures at approximately 6% of revenue while focusing on technological advancements and process improvements[63]. Tax and Market Conditions - The effective tax rate for Q3 2024 was 21.0%, consistent with the rate in Q3 2023, with a total income tax provision of $154 million[91]. - The effective tax rate for the nine months ended September 30, 2024, was 22.1%, compared to 21.1% for the same period in 2023[108]. - Average WTI crude oil price for Q3 2024 was $76.24, compared to $82.30 in Q3 2023, reflecting a decrease of 7.6%[77]. - The average worldwide rig count for Q3 2024 was 1,733, down from 1,788 in Q3 2023, indicating a decrease in drilling activity[78]. Future Outlook - The company expects mid to high single-digit revenue growth internationally for the full year of 2024, despite a decline in North America[80]. - Consolidated revenue for the first nine months of 2024 was 41% from the United States, down from 45% in the same period of 2023[73].