Halliburton Company (NYSE:HAL ) Q4 2024 Earnings Conference Call January 22, 2025 9:00 AM ET Company Participants David Coleman - Senior Director, IR Jeff Miller - Chairman, President, & CEO Eric Carre - EVP & CFO Conference Call Participants David Anderson - Barclays Roger Read - Wells Fargo Securities Saurabh Pant - Bank of America Arun Jayaram - JPMorgan Securities Kurt Hallead - Benchmark Douglas Becker - Capital One Stephen Gengaro - Stifel Operator Good day, and thank you for standing by. Welcome to the Q4 2024 Halliburton Company Earnings Conference Call.
Halliburton (HAL -3.18%), a provider of products and services to the energy industry, released its fourth-quarter 2024 earnings on January 22, 2025. The company reported an earnings per share (EPS) of $0.70, slightly exceeding the analysts' expectations of $0.69.
Halliburton (HAL) came out with quarterly earnings of $0.70 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.86 per share a year ago.
Halliburton beat analysts' estimates for fourth-quarter profit on Wednesday, helped by higher demand for oilfield services and equipment from international markets, sending its shares up 1.8% before the bell.
Evaluate the expected performance of Halliburton (HAL) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Halliburton is expected to help Iraq increase its production from the Nahr Bin Omar field to 300,000 barrels per day (bpd) from its current 50,000 bpd.
Weakness in North American activity is likely to have impacted the fourth-quarter earnings of Halliburton (HAL).
Halliburton Company has faced a 17.7% stock decline since July 2024 despite trading cheaply and increasing oil and gas consumption. The Drilling and Evaluation segment showed revenue growth, but this was offset by declines in the Completion and Production segment. Despite mixed financial results, Halliburton's shares remain attractively priced, and future demand for its services is expected to rise.
Evaluate the expected performance of Halliburton (HAL) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Iraq and U.S. oil services firm Halliburton are close to finalising an agreement to develop the Nahr Bin Omar oilfield, the head of Iraq's Basra Oil Company (BOC) told Reuters on Thursday.
The Energy sector has revived in 2025, with a rotation into oil & gas laggards, boosting shares of companies like Halliburton. I have a buy rating on HAL, citing its single-digit earnings multiple, key chart support, and potential for a post-earnings jump. Despite a disappointing Q3 2024, HAL's strong free cash flow and potential international growth make it a compelling long-term investment.
Halliburton is a strong market player with a diversified portfolio and a global footprint, making it a solid investment at a PE ratio of 9. Despite recent revenue declines, HAL's buybacks, decent dividend yield, and optimistic oil prices suggest potential recovery and growth opportunities in 2025. HAL's balance sheet shows good near-term soundness, though high long-term debt remains a concern, with a forward PE ratio indicating undervaluation.