The earnings call showed a balanced view of Halliburton's performance, highlighting strong international growth and cash flow alongside challenges in North America and Mexico. The company's focus on technology and identified growth engines provide optimism, but pricing pressures and regional challenges temper the outlook.

Company Guidance

During the Q4 2024 earnings call, Halliburton provided guidance highlighting several key metrics. The company reported a total revenue of $5.6 billion for the fourth quarter, marking a 2% sequential decline, with operating income at $932 million and an operating margin of 17%. For the full year, Halliburton achieved a total company revenue of $22.9 billion, with international revenue growing by 6% and North America revenue decreasing by 8%. They generated $3.9 billion in cash from operations and $2.6 billion in free cash flow, returning $1.6 billion to shareholders through stock repurchases and dividends. Looking ahead to 2025, Halliburton expects international revenues to remain flat overall, with growth in most markets offset by a decline in Mexico. For North America, they anticipate a low to mid-single-digit decrease in revenue, largely due to lower negotiated prices affecting margins. Despite this, Halliburton remains confident in their competitive position, emphasizing growth in drilling technology, unconventionals, well intervention, and artificial lift, which they project could contribute an additional $2.5 to $3 billion in annual revenue over the next three to five years.

International Revenue Growth

Halliburton's international business grew for the fourth year in a row with 6% year-over-year revenue growth, led by Middle East/Asia, which delivered an increase of 8%.

Strong Cash Flow Generation

Halliburton generated $3.9 billion of cash from operations and $2.6 billion of free cash flow, with a 60% return of free cash flow to shareholders through $1 billion in stock repurchases and $600 million in dividends.

Technology and Innovation Leadership

Halliburton continues to focus on technology with developments in electrification, automation, and digital solutions, which are expected to maintain the company's competitive advantage.

Growth Engines Identified

The company expects growth in drilling technologies, unconventionals, well intervention, and artificial lift, projecting an additional $2.5 billion to $3 billion of annual revenue in the next 3 to 5 years.

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Halliburton (HAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2018	2018 (Q2)	- / 0.58	0.23	152.17% (+0.35)	―	―
Oct 22, 2018	2018 (Q3)	- / 0.50	0.42	19.05% (+0.08)	―	―
Jan 22, 2019	2018 (Q4)	- / 0.41	0.53	-22.64% (-0.12)	―	―
Apr 22, 2019	2019 (Q1)	- / 0.23	0.41	-43.90% (-0.18)	―	―
Jul 22, 2019	2019 (Q2)	- / 0.35	0.58	-39.66% (-0.23)	―	―
Oct 21, 2019	2019 (Q3)	- / 0.35	0.5	-30.00% (-0.15)	―	―
Jan 21, 2020	2019 (Q4)	- / 0.32	0.41	-21.95% (-0.09)	―	―
Apr 20, 2020	2020 (Q1)	- / 0.31	0.23	34.78% (+0.08)	―	―
Jul 20, 2020	2020 (Q2)	- / 0.05	0.35	-85.71% (-0.30)	―	―
Oct 19, 2020	2020 (Q3)	- / 0.11	0.35	-68.57% (-0.24)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 22, 2025	$29.53	$28.48	-3.56%
Nov 07, 2024	$30.34	$29.39	-3.13%
Jul 19, 2024	$36.04	$34.02	-5.60%
Apr 23, 2024	$38.10	$37.97	-0.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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