HAL - Halliburton GAAP EPS of $0.72 beats by $0.05 revenue of $5.7B beats by $210M

2023-04-25 06:46:44 ET

• Halliburton press release ( NYSE: HAL ): Q1 GAAP EPS of $0.72 beats by $0.05 .
• Revenue of $5.7B (+33.2% Y/Y) beats by $210M .
• Completion and Production revenue in the first quarter of 2023 was $3.4 billion, an increase of $1.1 billion, or 45%, when compared to the first quarter of 2022, while operating income was $666 million, an increase of $370 million, or 125%. These results were driven by increased pressure pumping services and completion tool sales globally and improved artificial lift services in North America land and Kuwait.
• Drilling and Evaluation revenue in the first quarter of 2023 was $2.3 billion, an increase of $337 million, or 17%, when compared to the first quarter of 2022, while operating income was $369 million, an increase of $75 million, or 26%. These results were primarily due to an increase in drilling-related services, along with improved wireline and testing services globally. This increase was partially offset by lower software sales in Mexico.

For further details see: