Weaker U.S. Fracking Drags Halliburton Earnings Below Estimates

Oilfield Services Notizia

Weaker U.S. Fracking Drags Halliburton Earnings Below Estimates
EarningsDrillingOil Prices

Halliburton Company missed analyst estimates for its third-quarter earnings as weaker North American revenues combined with the impact of an August cyberattack and hurricanes in the U.S. Gulf of Mexico dragged profits down

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 22 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 68%

Halliburton Company NYSE HAL missed analyst estimates for its third-quarter earnings as weaker North American revenues combined with the impact of an August cyberattack and hurricanes in the U.S. Gulf of Mexico dragged profits down. Halliburton, one of the world’s top three oilfield services providers and leader in the U.S. fracking services market, reported on Thursday adjusted net income per share of $0.73, below the analyst consensus estimate of $0.75. “We experienced a $0.

Yet, Miller said that “Our full year expectations for free cash flow and cash return to shareholders remain unchanged, and we expect both to accelerate in the fourth quarter.” Halliburton’s North America revenue fell to $2.4 billion for the third quarter, down by 4% sequentially and down from $2.6 billion compared to the third quarter of 2023. The company attributed the decline to “decreased pressure pumping services in U.S.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

OilandEnergy /  🏆 34. in İT
 

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

BP Earnings Top Forecasts Despite Weaker Oil Prices and RefiningBP Earnings Top Forecasts Despite Weaker Oil Prices and RefiningBP reported lower-than-expected Q3 2024 profits due to weak refining margins and higher debt, but remains committed to its dividend and share buyback program.
Leggi di più »



Render Time: 2025-01-20 22:56:11