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Mar 31, 2023
Halliburton Q1 2023 Earnings Report
Halliburton's Q1 2023 performance demonstrated the earnings power of its strategy, the strength of its competitive position globally, and execution for its customers.
Key Takeaways
Halliburton announced strong Q1 2023 results, with revenue increasing by 33% year-over-year and operating income growing by 91% compared to Q1 2022, driven by strong margin performance in both divisions.
Net income of $0.72 per diluted share.
Net income per diluted share more than doubled from Q1 2022.
Revenue of $5.7 billion, increased 33% year-over-year.
Operating margin of 17.2%, increased 530 basis points year-over-year.
Halliburton
Halliburton
Halliburton Revenue by Segment
Halliburton Revenue by Geographic Location
Revenue by Segment
Completion and Production Revenue
CapyFin.comDrilling and Evaluation Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope/Africa/CIS Revenue
CapyFin.comMiddle East/Asia Revenue
CapyFin.com Forward Guidance
Halliburton anticipates a strong outlook for the current year and the long term, driven by customer motivation to produce more oil and gas and tight service capacity.
Positive Outlook
- Customers are motivated to produce more oil and gas.
- Service capacity is tight.
- Strong execution culture.
- Differentiated technology portfolio.
- Collaborative approach with customers drives margin improvements and growth.
Challenges Ahead
- Changes in the demand for or price of oil and/or natural gas, including as a result of development of alternative energy sources.
- General economic conditions such as inflation and recession.
- The ability of the OPEC+ countries to agree on and comply with production quotas, or other causes.
- Changes in capital spending by our customers.
- Risks of international operations, including risks relating to unsettled political conditions, war, including the ongoing Russia and Ukraine conflict and any expansion of that conflict, the effects of terrorism, foreign exchange rates and controls, international trade and regulatory controls and sanctions, and doing business with national oil companies.
Revenue & Expenses
Visualization of income flow from segment revenue to net income