Halliburton (HAL.US) Q4 revenue decreased by 2.4% YoY, falling short of expectations.

On January 22, energy products and services provider Halliburton (HAL.US) reported its fourth-quarter 2024 earnings before the market opened. The company's total revenue in Q4 was $5.6 billion, down 2.4% YoY, and $30 million lower than market expectations; net profit was $615 million, compared to $661 million in the same period last year; basic and diluted EPS was $0.70, compared to $0.74 in the same period last year; non-GAAP EPS was $0.70, $0.01 higher than market expectations.

By business segment, the revenue of completion and production was $3.2 billion, down 4% sequentially; the revenue of drilling and evaluation was $2.4 billion, flat sequentially.

The company's operating cash flow in Q4 was $1.5 billion, and its free cash flow was $1.1 billion.

During the fourth quarter, Halliburton repurchased approximately $309 million of common stock and approximately $100 million of debt through multiple senior notes.