Yahoo Finance

• Total Company Revenue (Full Year 2024): $22.9 billion.

• International Revenue Growth (Full Year 2024): 6% year-over-year, led by Middle East/Asia with 8% growth.

• North America Revenue (Full Year 2024): $9.6 billion, an 8% decrease from 2023.

• Cash from Operations (Full Year 2024): $3.9 billion.

• Free Cash Flow (Full Year 2024): $2.6 billion.

• Stock Repurchases and Dividends (2024): $1 billion in stock repurchases and $600 million in dividends, representing a 60% return of free cash flow.

• Q4 2024 Revenue: $5.6 billion, a 2% sequential decrease.

• Q4 2024 Net Income per Diluted Share: $0.70.

• Q4 2024 Operating Income: $932 million.

• Q4 2024 Operating Margin: 17%.

• Completion and Production Division Revenue (Q4 2024): $3.2 billion, a 4% sequential decrease.

• Drilling and Evaluation Division Revenue (Q4 2024): $2.4 billion, flat sequentially.

• Q4 2024 International Revenue Growth: 3% sequential increase.

• Q4 2024 Latin America Revenue: $953 million, a 9% sequential decrease.

• Q4 2024 Europe/Africa Revenue: $795 million, a 10% sequential increase.

• Q4 2024 Middle East/Asia Revenue: $1.6 billion, a 7% sequential increase.

• Q4 2024 North America Revenue: $2.2 billion, a 7% sequential decrease.

• Q4 2024 Free Cash Flow: $1.1 billion.

• Capital Expenditures (Full Year 2024): $1.4 billion, approximately 6% of revenue.

• Warning! GuruFocus has detected 1 Warning Sign with HAL.

Release Date: January 22, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Halliburton Co (NYSE:HAL) delivered full-year total company revenue of $22.9 billion, with international business growing for the fourth consecutive year.

• The company generated $3.9 billion of cash from operations and $2.6 billion of free cash flow, demonstrating strong financial performance.

• Halliburton Co (NYSE:HAL) repurchased $1 billion of common stock and paid $600 million in dividends, returning 60% of free cash flow to shareholders.

• The company is well-positioned with a transformed balance sheet, leading returns, and strong free cash flow, setting a solid foundation for future growth.

• Halliburton Co (NYSE:HAL) is seeing strong adoption of its technologies like Octiv Auto Frac and Sensori, which are delivering significant value to customers.

Negative Points

• North America revenue decreased by 8% year-over-year, with a 7% decline in Q4 2024 compared to Q3 2024, due to seasonality and customer budget exhaustion.

• The company expects flat international revenues in 2025, with growth in most markets offset by activity reduction in Mexico.

• Lower negotiated prices for a portion of Halliburton Co (NYSE:HAL)'s fleet are expected to impact margins, particularly in the first quarter of 2025.

• Completion and Production division revenue decreased by 4% sequentially in Q4 2024, driven by lower stimulation activity in North America.

• The Drilling and Evaluation division saw flat revenue and operating income sequentially in Q4 2024, with decreased drilling services in the Middle East and Latin America.