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Jun 30, 2023

Halliburton Q2 2023 Earnings Report

Halliburton's second quarter results were announced, demonstrating strong earnings with revenue increasing by 14% year-over-year and operating income growing 41% compared to the second quarter of 2022.

Key Takeaways

Halliburton reported net income of $610 million, or $0.68 per diluted share, for the second quarter of 2023. Total revenue for the second quarter of 2023 was $5.8 billion. Operating income was $1.0 billion in the second quarter of 2023.

Net income was reported at $0.68 per diluted share.

Adjusted net income per diluted share of $0.77 increased more than 50% year-over-year.

Revenue reached $5.8 billion, a 14% increase year-over-year.

Operating margin was 17.4%, a 329 basis points year-over-year increase over adjusted operating margin.

Total Revenue
$5.8B
Previous year: $5.07B
+14.3%
EPS
$0.77
Previous year: $0.49
+57.1%
Gross Profit
$1.08B
Previous year: $785M
+37.3%
Cash and Equivalents
$2.11B
Previous year: $2.23B
-5.4%
Free Cash Flow
$798M
Total Assets
$24.1B
Previous year: $22.4B
+7.3%

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