Halliburton reports Q4 adjusted EPS 86c, consensus 80c

Reports Q4 revenue $5.7B, consensus $5.78B. “2023 was a great year for Halliburton, both of our divisions achieved their highest operating margins in over a decade,” commented Jeff Miller, Chairman, President and CEO. “We generated about $2.3 billion of free cash flow during the year, retired approximately $300 million of debt, and returned $1.4 billion of cash to shareholders through stock repurchases and dividends, which represents over 60% of our free cash flow. “I am excited about 2024. The outlook for oilfield services demand remains strong. I expect we will deepen and strengthen our value proposition, and generate significant free cash flow,” concluded Miller.