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
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.
Earnings Drilling Oil Prices Upstream Oil Supply Earnings
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘It all hinges on Pennsylvania’ – in the only swing state that matters, tensions run highFrom Erie to Philadelphia voters are divided over abortion, fracking, immigration - and Donald Trump's character
Read more »
Peak builds cash bufferRaising needed to cover transaction costs as Ngualla deal drags on
Read more »
Oil Prices Fall Sharply on Easing Iran Tensions and Weaker Chinese DemandBrent crude fell as much as 5.3% on Tuesday, trading 4.9% lower after concerns about a potential Israeli attack on Iranian oil facilities eased. The International Energy Agency (IEA) also lowered its forecasts for global oil demand next year, citing weak Chinese market performance.
Read more »
Social media fuels body image issues in young women, but diet link is weakerA study links social media use to increased body image disturbance in young women, but finds weaker associations with diet quality and eating behaviors.
Read more »
This common habit could harm your penis health and make erections weakerPoor posture can lead to erectile dysfunction due to poor blood flow to the penis, which can in turn lead to physical and mental disorders.
Read more »
BP 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.
Read more »