分组1 - Halliburton reported quarterly earnings of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.54 per share, with a year-over-year comparison showing a slight decrease from $0.7 per share [1] - The company achieved revenues of $5.66 billion for the quarter, surpassing the Zacks Consensus Estimate by 4.64%, and showing a year-over-year increase from $5.61 billion [2] - Halliburton has outperformed the S&P 500, with shares increasing approximately 13.5% since the beginning of the year, while the S&P 500 has declined by 0.7% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.51, with expected revenues of $5.26 billion, and for the current fiscal year, the EPS estimate is $2.18 on revenues of $21.56 billion [7] - The Oil and Gas - Field Services industry, to which Halliburton belongs, is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Core Insights - Halliburton reported earnings per share (EPS) of $0.69, exceeding the estimated $0.54, driven by revenue of $5.66 billion, which surpassed expectations of $5.41 billion [2][6] - The company's net income increased significantly to $589 million from $18 million in the previous quarter, indicating strong financial health [4] Financial Performance - Halliburton generated $1.2 billion in cash flow from operations and achieved $875 million in free cash flow, reflecting efficient cash generation [3][6] - The company's revenue for the quarter was $5.7 billion, showing an increase from $5.6 billion in the previous quarter [2] Market Position - Halliburton operates in over 70 countries, providing services in drilling, evaluation, and completion of oil and gas wells, competing with industry giants like Schlumberger and Baker Hughes [1] - Despite challenges in North America, international revenue increased to $3.5 billion, compensating for flat performance in the North American market [4] Financial Ratios - Halliburton has a price-to-earnings (P/E) ratio of approximately 21.51 and a price-to-sales ratio of about 1.28, indicating its market valuation [5] - The company's debt-to-equity ratio is about 0.84, suggesting a moderate level of debt relative to equity, and it maintains a current ratio of approximately 1.95, indicating good short-term liability coverage [5]

Market Overview - After a sharp sell-off on Tuesday due to fears of potential U.S. tariffs on Europe, Wall Street attempted a cautious rebound on Wednesday [1] - The Dow Jones Industrial Average rose about 0.6%, outperforming both the S&P 500 and the Nasdaq 100, as investors remained defensive amid geopolitical uncertainty [3] Sector Performance - The oil and gas sector significantly outperformed the broader market, with U.S. natural gas futures at the Henry Hub facility jumping nearly 24%, marking the largest two-day percentage gain on record [4] - Shares of EQT Corp climbed 6%, while Antero Resources Corporation advanced 5% due to weather-related concerns [5] - Crude oil prices remained stable, with WTI settling flat at $60 a barrel [5] Earnings Reports - Netflix Inc. fell more than 4% despite beating quarterly estimates, as its first-quarter 2026 guidance disappointed investors [6] - United Airlines Holdings Inc. rose 2% after exceeding expectations [6] - Johnson & Johnson and Charles Schwab Corporation traded flat after largely meeting forecasts, while Truist Financial Corporation gained 2.8% on upbeat guidance [7] Commodity and Crypto Markets - Gold prices extended their record-breaking run, pushing above $4,850 an ounce, climbing more than 10% year to date [7] - Bitcoin fell for a seventh straight session, dropping toward $88,000, marking its worst losing streak since May 2023 [8] Major Indices Performance - The Dow Jones closed at 48,777.55, up 0.6% [9] - The S&P 500 closed at 6,831.24, up 0.5% [9] - The Nasdaq 100 closed at 25,091.90, up 0.4% [9] Top Gainers and Losers - Lucid Group, Inc. was the top gainer, rising 14.51% [11] - Moderna, Inc. and Intel Corporation also saw significant gains of 11.18% and 8.66% respectively [11] - AST SpaceMobile, Inc. was the top loser, falling 11.42% [12]

Core Insights - Nicolet Bankshares, Inc. reported record net income for Q4 2025, with a total earnings of $151 million for the full year, representing a 21.7% increase compared to 2024 [1] Financial Performance - The bank holding company achieved a net income of $151 million for the year 2025 [1] - This figure marks a significant growth of 21.7% from the previous year, 2024 [1]

Core Insights - Halliburton reported fourth-quarter 2025 revenue of $5.7 billion, flat sequentially, with an adjusted operating income of $829 million and a 15% adjusted operating margin [4] - The company generated $1.2 billion in cash flow from operations and $875 million in free cash flow during the quarter, repurchasing $250 million of common stock [3] - For the full year, Halliburton's total revenue reached $22.2 billion, with international revenue at $13.1 billion, down 2% year-over-year, and North America revenue at $9.1 billion, down 6% [6] Financial Performance - Drilling and Evaluation segment revenue was $2.4 billion, flat sequentially, with operating income increasing 5% to $367 million and an operating margin of 15% [1] - Completion and Production segment revenue was $3.3 billion, also flat sequentially, with operating income rising 11% to $570 million and an operating margin of 17% [2] - The company repurchased approximately 42 million shares at an average price of $23.80 per share throughout the year [3] Geographic Trends - International revenue increased 7% sequentially in the fourth quarter, with Europe-Africa revenue rising 12% to $928 million and Middle East/Asia revenue increasing 3% to $1.5 billion [8] - North America revenue declined 7% sequentially to $2.2 billion, primarily due to lower stimulation activity and decreased fluid services [9] 2026 Outlook - Halliburton expects international activity to be stable year-over-year, with total international revenue projected to be flat to up modestly [10] - In North America, revenue is expected to decline high single digits in 2026, reflecting reduced customer activity and a focus on returns over market share [11] - The company anticipates a "rebalancing" year for oil markets, with moderate softness expected in North America and stable conditions internationally [7][12] Technology and Initiatives - Halliburton emphasized technology initiatives, including Zeus IQ for measuring and automating sand placement, with customer adoption increasing by 18% in the quarter [16] - The company is also investing in SAP S/4HANA migration, expecting approximately $100 million in annual savings post-completion [13] Leadership Changes - Shannon Slocum was promoted to chief operating officer effective January 1 [17]

Core Insights - Halliburton Company (HAL) reported fourth-quarter 2025 adjusted net income per share of 69 cents, exceeding the Zacks Consensus Estimate of 54 cents, primarily due to successful cost reduction initiatives, although it slightly decreased from the year-ago adjusted profit of 70 cents due to softer activity in North America [1] Financial Performance - Revenues for Halliburton reached $5.7 billion, marking a 0.8% increase year over year and surpassing the Zacks Consensus Estimate by 4.7% [2] - North American revenues decreased by 0.3% year over year to $2.2 billion but exceeded projections by over $146 million, while international revenues rose by 1.5% to $3.5 billion, beating estimates by 3% [3] Segment Performance - The Completion and Production segment generated $570 million in operating income, down from $629 million the previous year, but exceeded estimates of $473.2 million due to a favorable activity mix [4] - The Drilling and Evaluation unit's profit fell to $367 million from $401 million year over year, attributed to lower fluid services in North America and reduced drilling services in the Middle East/Asia, yet it surpassed estimates of $359.9 million [5] Capital Expenditure and Cash Flow - Halliburton's fourth-quarter capital expenditure was $337 million, below the projected $390.4 million, with approximately $2.2 billion in cash/cash equivalents and $7.2 billion in long-term debt as of December 31, 2025, resulting in a debt-to-capitalization ratio of 40.5 [6] - The company executed $1 billion in share repurchases during 2025, returning 85% of free cash flow to shareholders, with a generated cash flow from operations of $1.2 billion in the fourth quarter, leading to a free cash flow of $875 million [6] Management Outlook - Halliburton anticipates continued strength in its international business, supported by a collaborative value proposition and proven technology, while maintaining its Maximize Value strategy in North America, expecting the region to respond first as macro fundamentals improve [7] Investment Position - Halliburton currently holds a Zacks Rank 2 (Buy), indicating a favorable investment outlook [8]

Halliburton reported fourth-quarter earnings that beat expectations, as international activity continued to offset weak conditions in North America, according to results published by Reuters on Tuesday. The oilfield services provider posted adjusted profit of 69 cents per share for the quarter ended December 31, above the 55-cent consensus compiled by LSEG, even as profit slipped year on year due to charges tied to asset impairments and restructuring. Revenue rose to about $5.66 billion, helped by intern ...

Halliburton stock was climbing Wednesday after the oil-services company's quarterly earnings beat expectations. This follows gains made recently amid excitement over a possible return to Venezuela as it battles a slowdown in North America. ...

Financial Data and Key Metrics Changes - Halliburton reported total company revenue of $22.2 billion for 2025, with an adjusted operating margin of 14% [5] - International revenue was $13.1 billion, down 2% year over year, while North America revenue was $9.1 billion, a decrease of 6% year over year [5] - The company generated $2.9 billion in cash flow from operations and $1.9 billion in free cash flow, returning 85% of free cash flow to shareholders [5][6] - Q4 reported net income per diluted share was $0.70, with adjusted net income per diluted share at $0.69 [23] Business Line Data and Key Metrics Changes - Completion and Production division revenue in Q4 was $3.3 billion, flat compared to Q3 2025, with operating income increasing by 11% to $570 million [24] - Drilling and Evaluation division revenue in Q4 was $2.4 billion, also flat compared to Q3 2025, with operating income increasing by 5% to $367 million [24] Market Data and Key Metrics Changes - International revenue increased by 7% in Q4 compared to Q3 2025, with Europe-Africa revenue up 12% and Latin America revenue up 7% [25] - North America revenue in Q4 was $2.2 billion, a 7% decrease sequentially, primarily due to lower stimulation activity [26] Company Strategy and Development Direction - Halliburton's strategy focuses on maximizing value rather than market share, prioritizing returns and developing technology to improve recovery [17][20] - The company is optimistic about the future of oilfield services, expecting a rebalancing year in 2026 followed by sustained growth [7][29] - Halliburton is expanding its collaborative value proposition and technology offerings, particularly in international markets [10][11] Management's Comments on Operating Environment and Future Outlook - Management anticipates moderate softness in North America but stable international activity year over year [7] - The company expects supply and demand to rebalance in the medium term, driven by declining reservoir quality and limited exploration success [7][8] - Management expressed confidence in Halliburton's ability to capitalize on future growth opportunities and deliver leading returns [21][22] Other Important Information - Halliburton announced the promotion of Shannon Slocum to Chief Operating Officer effective January 1st [22] - The company expects capital expenditures for 2026 to be about $1.1 billion, excluding potential spending for re-entry into Venezuela [27] Q&A Session Summary Question: Update on Venezuela - Management indicated that Halliburton could scale up operations in Venezuela quickly once legal and commercial terms are resolved, with a potential market size that could grow significantly over time [36][39] Question: Margin Outlook for 2026 - Management expects the second half of 2026 to show stronger margins compared to the first half, with stable pricing in the frac market [41][42] Question: International Market Breakdown - Latin America is expected to lead growth, particularly in Brazil and Argentina, while the Middle East is anticipated to be flat [56] Question: VoltaGrid Business Potential - Management expressed excitement about the potential of the VoltaGrid business, indicating it could become a significant growth area over time [60] Question: Completion Efficiency and U.S. Production - Management noted that technology will be key to improving recovery and production efficiency, with current activity levels at maintenance levels [108][110] Question: Power Project Returns - Management indicated that returns on power projects could be higher than current organic investments, depending on the specific opportunities [119]

Financial Data and Key Metrics Changes - Halliburton reported total company revenue of $22.2 billion for 2025, with an adjusted operating margin of 14% [5] - International revenue was $13.1 billion, down 2% year over year, while North America revenue was $9.1 billion, a decrease of 6% year over year [5] - The company generated $2.9 billion in cash flow from operations and $1.9 billion in free cash flow, returning 85% of free cash flow to shareholders [6][5] - Q4 reported net income per diluted share was $0.70, with adjusted net income per diluted share at $0.69 [23] Business Line Data and Key Metrics Changes - Completion and Production division revenue in Q4 was $3.3 billion, flat compared to Q3 2025, with operating income increasing by 11% to $570 million [24] - Drilling and Evaluation division revenue in Q4 was $2.4 billion, also flat compared to Q3 2025, with operating income increasing by 5% to $367 million [24] Market Data and Key Metrics Changes - International revenue increased by 7% in Q4 compared to Q3 2025, with Europe-Africa revenue up 12% and Latin America revenue up 7% [25] - North America revenue in Q4 was $2.2 billion, a 7% decrease sequentially, primarily due to lower stimulation activity [26] Company Strategy and Development Direction - Halliburton's strategy focuses on maximizing value rather than market share, prioritizing returns and developing technology to improve recovery [17][21] - The company is confident in its collaborative value proposition and technology, which are expected to drive future growth [10][21] - Halliburton anticipates a rebalancing year in 2026, with expectations for international activity to remain stable and North America to experience a decline in revenue [7][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future of oilfield services, highlighting the importance of technology adoption for improving recovery [17][21] - The company expects moderate softness in key markets, particularly North America, but anticipates a rebalancing of supply and demand in the medium term [7][8] - Management noted that the return of OPEC spare capacity and higher non-OPEC production has created a market with abundant supply [7] Other Important Information - Halliburton announced the promotion of Shannon Slocum to Chief Operating Officer effective January 1st [22] - The company expects capital expenditures for 2026 to be about $1.1 billion, consistent with prior guidance [27] Q&A Session Summary Question: Update on Venezuela - Management indicated that Halliburton could scale up operations in Venezuela quickly once legal and commercial terms are resolved, with a potential market size that could grow significantly over time [36][39] Question: Margin Outlook for 2026 - Management expects the second half of 2026 to show stronger margins compared to the first half, with stable pricing in the frac business [41][42] Question: International Market Breakdown - Management provided a regional outlook, indicating growth in Latin America, flat conditions in the Middle East, and a stable outlook in Asia-Pacific for 2026 [56] Question: VoltaGrid Business Potential - Management expressed excitement about the potential of the VoltaGrid business, indicating a solid pipeline and the possibility of significant growth over time [60][61] Question: North America Stimulation Market - Management noted that frac pricing is stable, with expectations for gradual improvement as equipment attrition continues and demand increases [66][68] Question: Completion Tool Sales Impact - Management explained that the expected decline in margins for Q1 is primarily due to the roll-off of completion tool sales and typical seasonality [72][74]