The earnings call highlighted strong international growth, particularly in the Middle East/Asia and Sperry Drilling's performance. However, challenges in North America, cybersecurity event impacts, and operational delays were significant concerns.

Company Guidance

During the third-quarter earnings call for Halliburton in 2024, the company provided guidance on several key metrics. Halliburton reported a total company revenue of $5.7 billion and an adjusted operating margin of 17%. The international revenue grew by 4% year-over-year, with notable growth in the Middle East/Asia region at 9%, while North America revenue decreased by 9%. Despite challenges such as a cybersecurity event and storms in the Gulf of Mexico, which reduced earnings by approximately $0.02 per share, Halliburton maintained its full-year expectations for free cash flow and shareholder returns. The company generated $841 million from operations and $543 million in free cash flow, and it repurchased about $200 million in stock. Looking forward, Halliburton expects international growth in the low to mid-single digits for 2025, driven by its technology portfolio and business lines in cementing, completion tools, and drilling fluids, while maintaining a strategic focus on North America, where 90% of fracturing fleets are already committed for the upcoming year.

International Revenue Growth

International revenue was $3.3 billion, growing by 4% year-over-year, led by the Middle East/Asia with a 9% increase.

Strong Free Cash Flow

Generated $841 million of cash flow from operations and $543 million of free cash flow.

Sperry Drilling Success

Sperry Drilling delivered the highest international revenue growth of any major product line, driven by new technology developments.

Artificial Lift Business Expansion

International artificial lift business saw over 30% year-on-year revenue growth.

Zeus Platform Adoption

90% of fracturing fleets committed for 2025, with increased adoption of the Zeus platform technologies.

Drilling Services Growth

North America drilling services business demonstrated nearly 20% year-on-year growth.

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Halliburton (HAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 22, 2025	2024 (Q4)	0.70 / -	0.86	―	―	―
Nov 07, 2024	2024 (Q3)	0.75 / 0.73	0.79	-7.59% (-0.06)
Jul 19, 2024	2024 (Q2)	0.80 / 0.80	0.77	3.90% (+0.03)	―
Apr 23, 2024	2024 (Q1)	0.74 / 0.76	0.72	5.56% (+0.04)	―
Jan 23, 2024	2023 (Q4)	0.80 / 0.86	0.72	19.44% (+0.14)	―
Oct 24, 2023	2023 (Q3)	0.77 / 0.79	0.6	31.67% (+0.19)
Jul 19, 2023	2023 (Q2)	0.75 / 0.77	0.49	57.14% (+0.28)
Apr 25, 2023	2023 (Q1)	0.67 / 0.72	0.35	105.71% (+0.37)
Jan 24, 2023	2022 (Q4)	0.67 / 0.72	0.36	100.00% (+0.36)
Oct 25, 2022	2022 (Q3)	0.56 / 0.60	0.28	114.29% (+0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$30.34	$29.39	-3.13%
Jul 19, 2024	$36.04	$34.02	-5.60%
Apr 23, 2024	$38.10	$37.97	-0.34%
Jan 23, 2024	$33.72	$34.57	+2.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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