8/102 sources · 2 publishersUpdated Oct 23, 23:46 UTC
Halliburton reports Q3 results and projects mid‑single‑digit revenue growth with 15% margins for 2024
Halliburton posted third‑quarter revenue of about $5.71 billion and adjusted earnings of $0.60 per diluted share. International revenue rose 3% to $3.5 billion while North American revenue fell 5% to $2.2 billion. The company forecast mid‑single‑digit revenue growth and operating margins near 15% for 2024, citing stronger international drilling and production activity.
Why it matters
The higher‑margin outlook suggests improved profitability for investors if international contracts materialize. The guidance also signals that the company expects revenue growth despite flat U.S. activity, which could affect valuation models.
Key facts
- 1Q3 revenue was $5.71 billion. finance.yahoo.com
- 2Adjusted earnings were $0.60 per diluted share. leadership.ng
- 3Adjusted operating income was $731 million, a 12.8% margin. leadership.ng
- 4International revenue increased 3% sequentially to $3.5 billion. leadership.ng
- 5North American revenue declined 5% sequentially to $2.2 billion. leadership.ng
- 6Halliburton forecasts mid‑single‑digit revenue growth for 2024. leadership.ng
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.