Halliburton Full Year 2024 Earnings: In Line With Expectations

Halliburton (NYSE:HAL) Full Year 2024 Results

Key Financial Results

• Revenue: US$22.9b (flat on FY 2023).
• Net income: US$2.50b (down 5.2% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: US$2.84 (down from US$2.93 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Halliburton Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Completion and Production segment contributing a total revenue of US$13.3b (58% of total revenue). Notably, cost of sales worth US$18.6b amounted to 81% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$1.43b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how HAL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 3.1% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Halliburton could be a good place to look. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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