Halliburton Q2 GAAP EPS Jumps to $0.64, Revenue Hits $5.7B
HAL sits 68% above its 52-week low of $20.17.
Summary
Halliburton delivered a strong Q2 with GAAP EPS of $0.64, up from $0.55 a year ago, on revenue of $5.714 billion, a 3.7% increase. Adjusted EPS came in at $0.55, matching the earlier margin-focused report, but the full GAAP numbers and revenue detail are new. This follows a series of major contract wins in recent weeks, including deals with Saudi Aramco and Iraq's Basra Oil Company, reinforcing the international growth narrative. The results confirm the momentum from Q1's 126% net income surge, with operating margins holding at 12%. The $200 million in buybacks this quarter adds a shareholder-friendly tailwind.
At the time of this announcement, HAL was trading at $33.79 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $29.3B. The 52-week trading range was $20.17 to $43.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.