Halliburton Company NYSE HAL booked slightly higher-than-expected adjusted earnings for the first quarter, driven by rising international demand for oilfield services. The company, one of the world’s top three oilfield services providers and leader in the U.S. fracking services market reported on Tuesday an adjusted net income of $679 million for the first quarter of 2024, or $0.76 per diluted share. This beat the analyst consensus forecast of $0.74 EPS compiled by The Wall Street Journal.
“Activity in North America recovered from fourth-quarter lows, and our international business delivered its 11th consecutive quarter of year-on-year growth,” said Jeff Miller, chairman, president, and CEO at Halliburton. “Our customers’ multi-year activity plans across markets and asset types confirms my confidence in the strength and duration of this upcycle.