Halliburton Company ( (HAL) ) has released its Q4 earnings. Here is a breakdown of the information Halliburton Company presented to its investors.
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Halliburton Company, a major player in the energy sector, is renowned for providing a comprehensive range of products and services to the energy industry, helping customers optimize their assets and advance sustainable energy solutions.
In its latest earnings report, Halliburton announced a net income of $615 million, or $0.70 per diluted share, for the fourth quarter of 2024, alongside a total revenue of $5.6 billion and an operating margin of 17%. The company highlighted a strong cash flow from operations amounting to $1.5 billion and free cash flow of $1.1 billion, indicating robust financial health.
Key financial metrics revealed a slight decrease in total revenue for the full year, registering $22.9 billion, down from $23.0 billion in 2023. However, Halliburton’s performance remained stable with net income reaching $2.5 billion. The company also executed significant share repurchases totaling $1 billion and returned 60% of its free cash flow to shareholders. Operationally, the Completion and Production segment faced a revenue decline, while the Drilling and Evaluation segment showed steady performance.
Looking ahead, Halliburton’s management remains optimistic. Despite anticipating a softer North American market in 2025, they are confident in the company’s solid balance sheet and strong free cash flow. Halliburton plans to continue enhancing its technology portfolio and driving value through its growth engines, including drilling technology and artificial lift solutions, positioning itself well for future growth.
