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Sep 30, 2024

Halliburton Q3 2024 Earnings Report

Reported a decrease in revenue and operating income compared to the previous quarter, with adjusted EPS impacted by a cybersecurity event and Gulf of Mexico storms, while maintaining full-year free cash flow and shareholder return expectations.

Key Takeaways

Halliburton announced third quarter 2024 net income of $571 million, or $0.65 per diluted share. Total revenue for the third quarter of 2024 was $5.7 billion. Operating income was $871 million in the third quarter of 2024. Adjusted net income was $641 million, or $0.73 per diluted share.

Net income of $0.65 per diluted share.

Adjusted net income per diluted share of $0.73.

Revenue of $5.7 billion and operating margin of 15%.

Adjusted operating margin of 17%.

Total Revenue
$5.7B
Previous year: $5.8B
-1.8%
EPS
$0.73
Previous year: $0.79
-7.6%
Gross Profit
$1.07B
Previous year: $1.12B
-4.3%
Cash and Equivalents
$2.18B
Previous year: $2.04B
+7.0%
Free Cash Flow
$502M
Previous year: $511M
-1.8%
Total Assets
$25.3B
Previous year: $24.4B
+3.6%

Halliburton

Halliburton

Halliburton Revenue by Segment

Halliburton Revenue by Geographic Location

Forward Guidance

Full year expectations for free cash flow and cash return to shareholders remain unchanged, and both are expected to accelerate in the fourth quarter.

Revenue & Expenses

Visualization of income flow from segment revenue to net income