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AI English summary of an SEC filing — figures as filed

Halliburton logoHalliburton HAL

The company said net income for Q3 2024 was $571 million ($0.65 per diluted share) and revenue was $5.7 billion. For Q2 2024, net income was $709 million ($0.80 per share) and revenue was $5.8 billion.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said net income for Q3 2024 was $571 million ($0.65 per diluted share) and revenue was $5.7 billion. For Q2 2024, net income was $709 million ($0.80 per share) and revenue was $5.8 billion.

  2. Halliburton said adjusted operating income for Q3 2024 was $987 million, calculated as operating income of $871 million plus impairments and other charges of $116 million. The items include severance of $63 million and an impairment of assets held for sale of $49 million.

  3. The company reported operating cash flow of $841 million and free cash flow of $543 million for Q3 2024. Capital expenditures for the same quarter were $339 million, and it repurchased stock for $196 million and paid dividends of $150 million.

  4. Halliburton said Completion and Production revenue for Q3 2024 was $3.3 billion, down 3% from the prior quarter, and operating income fell 7% to $669 million. Drilling and Evaluation revenue was $2.4 billion and operating income was $406 million, both flat from the prior quarter.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Net Income and Revenue for Q3 2024

The company said net income for Q3 2024 was $571 million ($0.65 per diluted share) and revenue was $5.7 billion. For Q2 2024, net income was $709 million ($0.80 per share) and revenue was $5.8 billion.

Source · Based on the filing body and exhibits

Adjusted Operating Income and One-Time Items

Halliburton said adjusted operating income for Q3 2024 was $987 million, calculated as operating income of $871 million plus impairments and other charges of $116 million. The items include severance of $63 million and an impairment of assets held for sale of $49 million.

Source · Based on the filing body and exhibits

Cash Flow and Free Cash Flow for Q3 2024

The company reported operating cash flow of $841 million and free cash flow of $543 million for Q3 2024. Capital expenditures for the same quarter were $339 million, and it repurchased stock for $196 million and paid dividends of $150 million.

Source · Based on the filing body and exhibits

Segment Revenue and Operating Income Changes

Halliburton said Completion and Production revenue for Q3 2024 was $3.3 billion, down 3% from the prior quarter, and operating income fell 7% to $669 million. Drilling and Evaluation revenue was $2.4 billion and operating income was $406 million, both flat from the prior quarter.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.