Halliburton’s first-quarter results validate our reasons for owning the stock

Environment

A Halliburton worker walks through a hydraulic fracturing site north of Dacono, Colorado.
Jamie Schwaberow | Bloomberg | Getty Images

Club holding Halliburton (HAL) reported stronger-than-expected first-quarter results before the bell Tuesday, validating our investment in the oilfield services company as it capitalizes on years of underinvestment in drilling capacity.

  • Total revenue rose 33% year over year to $5.68 billion, topping analyst expectations of $5.5 billion, according to Refinitiv.
  • Earnings per share (EPS) more than doubled on an annual basis, to 72 cents, exceeding the Refinitiv estimate of 68 cents.

Articles You May Like

Family narrowly avoids manhole explosion
Trump, Zelenskyy, Biden, Prince William and world leaders arrive at the funeral of Pope Francis
Pandora Papers: Document leak reveals secrets of how the powerful stash their cash
HMS Prince of Wales begins deployment
George Clooney reveals what Amal thinks of his dyed hair