Q118 adj. EPS of $0.41 beats by a penny
Q118 EPS of $0.41 beat consensus/AE at $0.40, with the beat versus AE driven by a lower tax rate (21% vs 23%E) and lower non-operating costs (by $5m vs AE). Margin weakness in N. American fraccing due to weather-related rail deliveries of fracc sand had been previously flagged by HAL, and commentary indicates most, if not all, of the issues are behind them. YoY revenue growth of 58% in North America and 9% in International markets was higher than at SLB (52% and -1%, respectively), although given differences in scale, business mix and project timing, we hesitate to ascribe HAL's higher growth to profitable market share gains.Halliburton assists its customers throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion and optimizing production throughout the life of the asset. The company's segments are: Completion and Production, which delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion products and services; and Drilling and Evaluation, which provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable customers to model, measure, drill and optimize their well construction activities.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.