Overview
- Halliburton reported revenue of $5.40 billion and adjusted earnings of 55 cents per share, topping forecasts, as net income rose to $461 million from $204 million a year earlier.
- International sales reached $3.3 billion with Latin America up about 22% to $1.09 billion, while North America fell 4% to $2.1 billion and Middle East and Asia declined 13%.
- Executives said disruptions in the Middle East trimmed first‑quarter earnings by 2 to 3 cents per share and could lower second‑quarter results by 7 to 9 cents.
- The company generated $273 million in operating cash flow and $123 million in free cash flow, ended with $2.0 billion in cash and about $7.2 billion in debt, repurchased $100 million of stock, and paid a 17‑cent dividend.
- Leaders described an early North America recovery and highlighted new work in Latin America, including the first international use of Zeus Electric fracturing with YPF in Argentina, while holding capital spending near $1.1 billion.