Halliburton Q3 2023 Earnings Report
Key Takeaways
Halliburton announced Q3 2023 results with net income of $716 million, or $0.79 per diluted share, and total revenue of $5.8 billion. The company's operating income was $1.0 billion, reflecting a 3% increase compared to the previous quarter. Strong returns to shareholders were demonstrated by free cash flow of more than $500 million and repurchases of approximately $200 million of common stock and $150 million of debt during the quarter.
Net income was $0.79 per diluted share.
Revenue reached $5.8 billion with an operating margin of 17.9%.
International revenue experienced a 17% year-on-year growth.
Approximately $200 million of common stock was repurchased.
Halliburton
Halliburton
Halliburton Revenue by Segment
Halliburton Revenue by Geographic Location
Forward Guidance
Halliburton expects continued demand growth for oilfield services in 2024 and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income