NYSE$HAL
Halliburton Co · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Halliburton reported flat revenue and increased operating margin in Q4 2023, excluding losses in Argentina due to currency devaluation.
Halliburton announced Q4 2023 results with net income of $661 million, or $0.74 per diluted share. Adjusted net income, excluding losses in Argentina, was $769 million, or $0.86 per diluted share. Revenue was $5.7 billion, and operating income was $1.1 billion.
- Net income was $0.74 per diluted share.
- Adjusted net income per diluted share was $0.86, excluding losses in Argentina.
- Revenue reached $5.7 billion with an 18% operating margin.
- Cash flow from operations totaled $1.4 billion, and free cash flow was $1.1 billion.
Headline financials
Revenue & EPS history
Halliburton · Revenue · Quarterly
$5.74B
Revenue by segment
Halliburton · $5.8B total across 2 segments · Q3 2023
- Completion & Production$3.49B+11.2%60.1%
- Drilling & Evaluation$2.32B+4.3%39.9%
Forward guidance
The outlook for oilfield services demand remains strong, and Halliburton expects to deepen and strengthen its value proposition and generate significant free cash flow in 2024.
Tailwinds
- Strong oilfield services demand
- Deepen and strengthen value proposition
- Generate significant free cash flow
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+0.9%
Avg return
Earnings day
+1.1%
Avg return
5 days after
-0.1%
Avg return
30 days after
58%
42 / 73 earnings
Positive
+11.1%
Q4 2021
Best reaction
-10.7%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.2% | +10.0% | +13.6% | |
| Q4 2025 | +4.9% | +10.0% | +13.6% | |
| Q3 2025 | +11.0% | +17.4% | +13.3% | |
| Q2 2025 | +0.8% | +6.0% | +0.5% | |
| Q1 2025 | -5.6% | -4.9% | -8.9% | |
| Q4 2024 | -3.6% | -7.7% | -11.1% | |
| Q3 2024 | -4.2% | -1.0% | -5.6% | |
| Q2 2024 | -8.4% | -9.5% | -13.9% | |
| Q1 2024 | +0.0% | -0.5% | -7.1% | |
| Q4 2023 | +7.0% | +9.0% | +2.5% | |
| Q3 2023 | -3.0% | -4.9% | -9.0% | |
| Q2 2023 | -4.4% | +0.4% | +3.4% | |
| Q1 2023 | -8.0% | -5.0% | -12.0% | |
| Q4 2022 | -1.3% | -0.1% | -10.7% | |
| Q3 2022 | +5.5% | +4.0% | +5.7% | |
| Q2 2022 | +1.4% | -4.8% | +3.4% | |
| Q1 2022 | -4.9% | -9.5% | -13.4% | |
| Q4 2021 | +11.1% | +13.9% | +15.0% | |
| Q3 2021 | +1.7% | -0.5% | -12.5% | |
| Q2 2021 | +7.3% | +3.9% | -6.3% | |
| Q1 2021 | -3.0% | -1.9% | +13.4% | |
| Q4 2020 | -3.2% | -7.2% | -5.6% | |
| Q3 2020 | +4.0% | +8.7% | +25.6% | |
| Q2 2020 | +9.5% | +12.5% | +26.1% | |
| Q1 2020 | -1.6% | +16.9% | +57.7% | |
| Q4 2019 | -0.1% | -3.6% | -8.4% | |
| Q3 2019 | +8.0% | +11.1% | +11.4% | |
| Q2 2019 | +9.6% | +5.9% | -14.5% | |
| Q1 2019 | +0.1% | -7.3% | -20.5% | |
| Q4 2018 | -3.7% | -0.5% | -2.7% | |
| Q3 2018 | -5.2% | -6.4% | -14.9% | |
| Q2 2018 | -10.7% | -7.5% | -8.8% | |
| Q1 2018 | -1.1% | +1.7% | +1.8% | |
| Q4 2017 | +7.2% | +4.9% | -12.2% | |
| Q3 2017 | -4.5% | -2.1% | -4.4% | |
| Q2 2017 | -3.8% | -3.3% | -12.1% | |
| Q1 2017 | -0.1% | -2.5% | +1.4% | |
| Q4 2016 | +0.3% | +3.1% | -6.0% | |
| Q3 2016 | +3.6% | +2.5% | +4.8% | |
| Q2 2016 | -3.2% | -5.4% | +4.1% | |
| Q1 2016 | -5.2% | — | — | |
| Q4 2015 | -4.1% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | +4.7% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | +4.0% | — | — | |
| Q3 2014 | +5.8% | — | — | |
| Q2 2014 | +3.3% | — | — | |
| Q1 2014 | +4.1% | — | — | |
| Q4 2013 | -0.2% | — | — | |
| Q3 2013 | -1.3% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +6.7% | — | — | |
| Q4 2012 | +6.5% | — | — | |
| Q3 2012 | +3.2% | — | — | |
| Q2 2012 | +2.5% | — | — | |
| Q1 2012 | +4.0% | — | — | |
| Q4 2011 | +3.0% | — | — | |
| Q3 2011 | +2.5% | — | — | |
| Q2 2011 | +3.5% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q4 2010 | +1.3% | — | — | |
| Q3 2010 | +1.7% | — | — | |
| Q2 2010 | +1.8% | — | — | |
| Q1 2009 | +5.0% | — | — | |
| Q1 2010 | +2.5% | — | — | |
| Q4 2007 | +1.6% | — | — | |
| Q4 2009 | +1.6% | — | — | |
| Q3 2009 | -5.4% | — | — | |
| Q3 2008 | -5.4% | — | — | |
| Q4 2008 | +2.3% | — | — | |
| Q2 2008 | +2.3% | — | — | |
| Q2 2009 | +2.3% | — | — |
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