In Q4 FY24, Halliburton navigated challenges in North America with a strong international performance, reflecting the company's operational resilience and strategic investments in technology.
📊 Income Statement Highlights (vs Q3 FY24):
▫️ Net Income: $615M vs $571M (+7.71%)
▫️ Total Revenue: $5.61B vs $5.70B (-1.75%)
▫️ Adjusted EPS: $0.70 vs $0.65 (+7.69%)
▫️ Operating Income: $932M vs $871M (+7.00%)
▫️ Free Cash Flow: $2.65B (2024 full year)
▫️ Completion & Production Revenue: $3.18B (-4.00%)
▫️ Drilling & Evaluation Revenue: $2.43B (flat)
Particular Items:
▫️Launched Intelli wireline services and SandTrap® XL, enhancing operational efficiency and customer value.
▫️Maintained strong returns, with a 60% free cash flow return to shareholders for 2024.
💼 Balance Sheet Highlights (vs Dec 31, 2023):
▫️ Total Assets: $25.59B vs $24.68B (+3.68%)
▫️ Total Liabilities: $15.04B vs $15.25B (-1.38%)
▫️ Shareholders’ Equity: $10.55B vs $9.43B (+11.88%)
▫️ Cash & Equivalents: $2.62B vs $2.26B (+15.93%)
Particular Items:
▫️Reduced long-term debt to $7.16B (-6.23% YoY).
▫️Increased capital investment with SAP S4 migration costs of $124M for FY24.
🔮 Future Outlook:
Halliburton anticipates a softer 2025 in North America but expects growth in international markets, driven by advanced technologies like iCruise® Force and deepened investments in automation and sustainability. The company is well-positioned to maximize asset value and expand in key regions, including the Middle East and Africa.