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Halliburton Company HAL shares are trading lower on Wednesday.

Halliburton Company (NYSE:HAL ) Q4 2024 Earnings Conference Call January 22, 2025 9:00 AM ET Company Participants David Coleman - Senior Director, IR Jeff Miller - Chairman, President, & CEO Eric Carre - EVP & CFO Conference Call Participants David Anderson - Barclays Roger Read - Wells Fargo Securities Saurabh Pant - Bank of America Arun Jayaram - JPMorgan Securities Kurt Hallead - Benchmark Douglas Becker - Capital One Stephen Gengaro - Stifel Operator Good day, and thank you for standing by. Welcome to the Q4 2024 Halliburton Company Earnings Conference Call.

Halliburton (HAL -3.18%), a provider of products and services to the energy industry, released its fourth-quarter 2024 earnings on January 22, 2025. The company reported an earnings per share (EPS) of $0.70, slightly exceeding the analysts' expectations of $0.69.

Halliburton (HAL) came out with quarterly earnings of $0.70 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.86 per share a year ago.

Halliburton beat analysts' estimates for fourth-quarter profit on Wednesday, helped by higher demand for oilfield services and equipment from international markets, sending its shares up 1.8% before the bell.

HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today net income of $615 million, or $0.70 per diluted share, for the fourth quarter of 2024. This compares to net income for the third quarter of 2024 of $571 million, or $0.65 per diluted share. Adjusted net income2 in the third quarter of 2024, excluding impairments and other charges and tax adjustments, was $641 million, or $0.73 per diluted share. Halliburton's total revenue for the fourth quarter of 2024 was $5.6 billion,.

Evaluate the expected performance of Halliburton (HAL) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Halliburton is expected to help Iraq increase its production from the Nahr Bin Omar field to 300,000 barrels per day (bpd) from its current 50,000 bpd.

Weakness in North American activity is likely to have impacted the fourth-quarter earnings of Halliburton (HAL).

Halliburton Company has faced a 17.7% stock decline since July 2024 despite trading cheaply and increasing oil and gas consumption. The Drilling and Evaluation segment showed revenue growth, but this was offset by declines in the Completion and Production segment. Despite mixed financial results, Halliburton's shares remain attractively priced, and future demand for its services is expected to rise.