HAL secures its largest drilling contract from Petrobras for several offshore fields in Brazil, expanding its drilling services footprint.
North America is expected to be softer in 2025.
While oil and gas prices remain fairly stable, upstream activity levels appear to have peaked, particularly in North America. Weak demand growth and solid supply growth likely mean that this situation will persist, unless economic conditions soften. As a result, Halliburton's revenue and margins are likely to remain under pressure, making the company's seemingly low P/E ratio somewhat irrelevant.
Halliburton (NYSE: HAL) released its fourth-quarter earnings report on January 22nd, posting a mixed set of results, and is down 5.6% since then (as of Jan 23.) at nearly $28 per share.
HAL generated $1.5 billion of cash flow from operations in the fourth quarter, leading to a free cash flow of $1.1 billion.
Halliburton Company HAL shares are trading lower on Wednesday.
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.