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Halliburton to report Q2 2024 earnings, on the heels of strong performance

19 Jun, 2024
Halliburton to host Q2 2024 earnings call



Halliburton Company (NYSE: HAL), one of the world’s largest oilfield services companies, has announced that it will host a conference call on Friday, July 19, 2024, to discuss its second quarter 2024 financial results.

The call is scheduled to begin at 7:30 a.m. CST.

Prior to the conference call, Halliburton will issue a press release detailing its Q2 2024 earnings results.

The press release will be posted on the company’s website at www.halliburton.com.

Investors and analysts can access the live webcast of the earnings call by visiting the Halliburton Investor Relations website at ir.halliburton.com/news-and-events/event-calendar.

A replay of the call will also be available on the same website for seven days following the conclusion of the live event.

Halliburton’s announcement comes on the heels of a strong first quarter 2024 performance, with the company reporting revenue of US$5.8 billion, operating margin of 17 per cent, and net income of $0.68 per diluted share.

Jeff Miller — Halliburton’s Chairman, President, and CEO — said that the company’s solid first quarter results demonstrate the strength and duration of the ongoing upcycle in the energy industry.

Miller continued stating that they were particularly encouraged by the double-digit growth in their international markets, which marked the 11th consecutive quarter of year-over-year revenue increases in that segment.

While North America’s revenue grew modestly at 5 per cent quarter-over-quarter, Halliburton expects steady activity levels and margins in the region for the full year 2024.

Halliburton highlighted its investments in innovative technologies like the EarthStar X logging system and Reservoir Xaminer service as key drivers of profitable growth by creating value for customers.

The company also demonstrated its commitment to shareholder returns, repurchasing US$250 million of its common stock and paying dividends of US$0.17 per share during the first quarter of 2024.

With strong financials, international growth prospects, steady North American operations, technological leadership, and shareholder capital returns, Halliburton appears well-positioned for continued success in the second half of 2024 and beyond.

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