earnings
confidence high
sentiment positive
materiality 0.75
Halliburton Q4 adj EPS $0.86 (ex-Argentina loss); revenue $5.7B; dividend raised to $0.17
HALLIBURTON CO
- Net income $661M ($0.74 diluted); adjusted net income $769M ($0.86) excluding ~$109M Argentina currency devaluation loss.
- Revenue $5.7B flat QoQ; full-year 2023 revenue $23B (+13% YoY); operating income $1.1B (+2% QoQ).
- Completion & Production revenue $3.3B (-5% QoQ); Drilling & Evaluation $2.4B (+5% QoQ). International rev $3.3B (+4% QoQ); N. America $2.4B (-7% QoQ).
- Free cash flow $1.1B in Q4; $2.3B for full year. Returned $1.4B to shareholders via buybacks and dividends.
- Dividend increased to $0.17/share (from $0.16), payable March 27, 2024 to holders of record March 6, 2024.