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Jun 30, 2024

Halliburton Q2 2024 Earnings Report

Reported strong returns and cash flow with international markets showing strong demand and North America delivering shareholder value.

Key Takeaways

Halliburton announced net income of $709 million, or $0.80 per diluted share, for the second quarter of 2024. Total revenue for the second quarter of 2024 was $5.8 billion, sequentially flat. Operating income was $1.0 billion in the second quarter of 2024, an increase of 5% sequentially.

Net income of $0.80 per diluted share.

Revenue of $5.8 billion and operating margin of 18%.

Cash flow from operations of $1.1 billion and free cash flow of approximately $800 million.

Repurchases of approximately $250 million of common stock.

Total Revenue
$5.83B
Previous year: $5.8B
+0.6%
EPS
$0.8
Previous year: $0.77
+3.9%
Gross Profit
$1.12B
Previous year: $1.08B
+4.2%
Cash and Equivalents
$2.14B
Previous year: $2.11B
+1.6%
Free Cash Flow
$793M
Previous year: $798M
-0.6%
Total Assets
$25.2B
Previous year: $24.1B
+4.5%

Halliburton

Halliburton

Halliburton Revenue by Segment

Halliburton Revenue by Geographic Location

Forward Guidance

No specific forward guidance was provided in the earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income