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哈里伯顿:钻井与评估,完井和生产的业绩均不及预期;欧洲/北美拖累
HALHalliburton(HAL) 海通国际·2024-11-08 00:23

Investment Rating - The report indicates a negative market reaction to Halliburton's third-quarter performance, with an adjusted net income of 641million,whichfellshortofmarketexpectationsof641 million, which fell short of market expectations of 666 million [1][2]. Core Insights - Halliburton's revenue for the third quarter was 5.697billion,slightlybelowmarketexpectations,andrepresenteda25.697 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 3.299billion,alsofallingshortofmarketforecasts[2][4].Thereporthighlightsadecreaseincapitalexpendituresto3.299 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 641million,down10641 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 2.398billion,withaprofitmarginof172.398 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].