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Mar 31, 2024

Halliburton Q1 2024 Earnings Report

Reported solid first-quarter results driven by strategy and strong execution, with North America recovering from fourth-quarter lows and international business achieving its 11th consecutive quarter of year-on-year growth.

Key Takeaways

Halliburton announced net income of $606 million, or $0.68 per diluted share, for the first quarter of 2024. Total revenue for the first quarter of 2024 was $5.8 billion, a 2% increase compared to the first quarter of 2023. The company repurchased $250 million of common stock during the quarter.

Net income of $0.68 per diluted share.

Adjusted net income per diluted share of $0.76.

Revenue of $5.8 billion and operating margin of 17%.

Repurchases of approximately $250 million of common stock.

Total Revenue
$5.8B
Previous year: $5.68B
+2.2%
EPS
$0.76
Previous year: $0.72
+5.6%
Operating Margin
17%
Previous year: 17.2%
-1.2%
Gross Profit
$1.08B
Previous year: $2.28B
-52.5%
Cash and Equivalents
$1.89B
Previous year: $1.88B
+0.6%
Free Cash Flow
$206M
Total Assets
$24.7B
Previous year: $23.6B
+4.4%

Halliburton

Halliburton

Halliburton Revenue by Segment

Halliburton Revenue by Geographic Location

Forward Guidance

The statements in this press release that are not historical statements are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the results expressed or implied by the statements.

Revenue & Expenses

Visualization of income flow from segment revenue to net income