Halliburton third-quarter profit falls to $571 million, or $0.65 per share
Halliburton reported third-quarter 2024 net income of $571 million, or $0.65 per diluted share, down from $709 million, or $0.80, in the second quarter. Revenue fell to $5.7 billion from $5.8 billion, and results included a $116 million pre-tax charge tied to severance, an asset impairment, a cybersecurity incident and other items. Management said full-year expectations for free cash flow and cash return to shareholders are unchanged and expects both to accelerate in the fourth quarter.
Key points
- Revenue was $5.7 billion, compared with $5.8 billion in the second quarter of 2024.
- Operating income was $871 million, versus $1.0 billion in the second quarter; adjusted operating income was $987 million.
- Adjusted net income was $641 million, or $0.73 per diluted share, excluding the $116 million pre-tax charge and tax adjustments.
- Management cited a $0.02 per share impact to adjusted earnings from lost or delayed revenue due to the August cybersecurity event and Gulf of Mexico storms.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.
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