Halliburton Reports Q4 Profit of $589M, Beats Estimates on Strong Revenue

Halliburton Co. (HAL) reported fourth-quarter profit of $589 million, or 70 cents per share, surpassing Wall Street expectations. Adjusted earnings were 69 cents per share, compared to the average analyst estimate of 54 cents from 11 firms surveyed by Zacks Investment Research. Revenue reached $5.66 billion for the quarter, exceeding the projected $5.41 billion from nine analysts. The results reflect strong demand in drilling services amid elevated oil and gas activity. For the full year, Halliburton posted $1.28 billion in profit, or $1.50 per share, on $22.18 billion in revenue. The company’s performance underscores resilience in upstream energy spending despite macroeconomic volatility. HAL shares rose 2.3% in after-hours trading following the release.