July 30, 2018 - 7:45 AM EDT
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Free Post Earnings Research Report: Halliburton’s Quarterly Earnings Increased 1,833.33%

Stock Monitor: Hess Midstream Partners Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 30, 2018 /

If you want access to our free earnings report on Halliburton Co. (NYSE: HAL) ("HAL"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HAL. The Company reported its financial results on July 23, 2018, for the second quarter of the fiscal year 2018, ended June 30, 2018. The Company's earnings were in-line with analysts' consensus estimates while its revenues surpassed forecasts in Q2 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Hess Midstream Partners LP (NYSE: HESM), which also belongs to the Basic Materials sector as the Company Halliburton. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=HESM

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Halliburton most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=HAL

Earnings Highlights and Summary

For Q2 FY18, HAL's total revenues reached $6.15 billion, reflecting an increase of 24.01% from $4.96 billion in Q2 FY17. The Company's total revenue numbers exceeded analysts' consensus estimates by $40 million.

During the quarter under review, HAL's North American revenues jumped 38.41% to $3.83 billion on a y-o-y basis, while its Latin American revenues fell 5.71% to $479 million on a y-o-y basis. For Q2 FY18, the Company's Europe/Africa/CIS revenues were $726 million, up 6.92% on a y-o-y basis; and its Middle-East/Asia revenues were $1.11 billion, up 10.80% on a y-o-y basis.

HAL had a total operating income of $789 million in Q2 FY18 compared to $146 million in Q2 FY17, reflecting an increase of 440.41%. The Company incurred interest expenses of $137 million in the reported quarter, 13.22% higher than $121 million in the previous year's same quarter.

HAL's net income from continuing operations attributable to common shareholders was $511 million in the quarter ended June 30, 2018, which was approximately 18.25 times the net income of $28 million of the last year's comparable quarter. The Company's basic and diluted net income per share also rose 1,833.33% to $0.58 in Q2 FY18 from $0.03 in Q2 FY17. The Company's reported EPS were consistent with analysts' consensus estimates. This sharp increase was due to impairment and other charges of $262 million in Q2 FY17.

Segment Details

During Q2 FY18, HAL's Completion and Production segment's operating revenues were $4.16 billion, up 32.95% on a y-o-y basis. The segment's operating income was $669 million in Q2 FY18, reflecting an increase of 68.51% from $397 million in Q2 FY17. Improvements were led by increased pressure pumping and artificial lift activity in the United States land sector; higher pressure pumping services in Europe/Africa/CIS; and higher completion tool sales in the Middle-East.

HAL's Drilling and Evaluation segment reported operating revenues of $1.98 billion in Q2 FY18, representing an increment of 8.66% from Q2 FY17. The segment's operating income was $191 million in the reported quarter compared to $125 million in the previous year's corresponding quarter, reflecting an increase of 52.80%. These improvements were primarily due to an increased drilling activity in the United States land sector; increased drilling services and project management activity in the Middle-East and India; and increased software sales in Mexico.

Cash Matters

HAL had cash and equivalents of $2.06 billion as on June 30, 2018, representing a decrease of 11.94% from $2.34 billion as on December 31, 2017. The Company's long-term debt was $10.43 billion as on June 30, 2018, down $3 million from December 31, 2017.

HAL's cash provided by operating activities was $1.53 billion in the six months ended June 30, 2018, compared to $351 million in the same period of last year.

HAL incurred a capital expenditure of $1.07 billion in H1 FY18, reflecting an increase of 80.07% from $592 million in H1 FY17.

HAL distributed dividends of $316 million in H1 FY18, up 1.28% from $312 million in Q2 FY17.

Outlook

On July 12, 2018, HAL's Board of Directors declared a dividend of $0.18 per share on its common stock, payable on September 26, 2018, to shareholders of record at the close of business as on September 05, 2018.

Stock Performance Snapshot

July 27, 2018 - At Friday's closing bell, Halliburton's stock advanced 1.19%, ending the trading session at $41.80.

Volume traded for the day: 10.56 million shares, which was above the 3-month average volume of 8.77 million shares.

After last Friday's close, Halliburton's market cap was at $36.66 billion.

Price to Earnings (P/E) ratio was at 41.35.

The stock has a dividend yield of 1.72%.

The stock is part of the Basic Materials sector, categorized under the Oil & Gas Equipment & Services industry.

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Source: ACCESSWIRE Investor Awareness (July 30, 2018 - 7:45 AM EDT)

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