Halliburton's Completion & Production Unit Posts $3.1B in 3Q Revenue
HAL sits 59% above its 52-week low of $21.505.
Summary
Halliburton's completion and production division booked $3.1 billion of third-quarter revenue, disclosed alongside the 8-K filed this morning. That segment is the cyclical heart of the business, so the number carries more weight than the headline consolidated figure. The same filing showed total revenue flat sequentially at $5.7 billion, while drilling and evaluation revenue came in at $2.6 billion and North American revenue at $2.2 billion. Earnings per share were 50 cents, and the adjusted operating margin was 12.8%. Cash flow from operations was $368 million and free cash flow $156 million, with adjusted EBITDA of $1 billion.
At the time of this announcement, HAL was trading at $34.15 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $27.5B. The 52-week trading range was $21.51 to $43.59. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.