Overview
- Halliburton reported adjusted earnings of $0.69 per share on $5.657 billion in revenue, topping consensus estimates.
- International revenue rose to about $3.50 billion while North America slipped to roughly $2.21 billion sequentially, underpinning the beat.
- Operating cash flow reached $1.17 billion and free cash flow $875 million, funding $250 million in buybacks, a $0.17 dividend, and $382 million of note retirement.
- GAAP performance was weighed by impairment and restructuring items reported around $83 million pretax, leaving profit down year over year.
- Shares gained about 4% as analysts raised price targets, and the company announced agreements with VoltaGrid plus Shell framework and drilling awards, alongside a year-end cash balance of $2.21 billion and $7.16 billion of long-term debt.