Halliburton Misses Q3 Expectations As North America Sales Falter; International Growth On The Horizon
Halliburton Misses Q3 Expectations As North America Sales Falter; International Growth On The Horizon
Drilling and Evaluation revenue rose 3.5% YoY to $2.398 billion, with operating income at $406 million, supported by higher Latin American drilling, global software sales, and increased Middle East wireline activity, offset by declines in Europe, North America, and Latin America testing.Halliburton Company (NYSE:HAL) shares are trading lower after the company reported third-quarter results below the street expectations.
哈里伯頓公司（紐約證券交易所代碼：HAL）公佈的第三季度業績低於華爾街預期後，股價走低。
HAL reported a third-quarter revenue decline of 1.8% year-over-year to $5.697 billion, missing the consensus of $5.828 billion.
HAL報告稱，第三季度收入同比下降1.8％，至56.97億美元，未達到共識的58.28億美元。
Completion and Production revenue was $3.299 billion, down 5% YoY, and the operating income declined to $669 million, reflecting reduced U.S. pressure pumping and lower tool sales in North America and Europe, partially offset by gains in the Middle East.
完工和生產收入爲32.99億美元，同比下降5％，營業收入下降至6.69億美元，這反映了美國壓力的減少以及北美和歐洲刀具銷售的減少，但被中東的增長部分抵消。
Drilling and Evaluation revenue rose 3.5% YoY to $2.398 billion, with operating income at $406 million, supported by higher Latin American drilling, global software sales, and increased Middle East wireline activity, offset by declines in Europe, North America, and Latin America testing.
鑽探和評估收入同比增長3.5％，至23.98億美元，營業收入爲4.06億美元，這得益於拉丁美洲鑽探的增加、全球軟件銷售的增加以及中東有線活動的增加，但被歐洲、北美和拉丁美洲測試的下降所抵消。
HAL's North America revenue declined 8.5% YoY to $2.386 billion, impacted by reduced U.S. pressure pumping and Gulf hurricane disruptions, partially offset by higher U.S. artificial lift and Canadian/Gulf stimulation activity. International revenue was $3.3 billion, flat sequentially.
受美國壓力泵送減少和海灣颶風中斷的影響，HAL的北美收入同比下降8.5％，至23.86億美元，但部分被美國人工升降機和加拿大/海灣刺激活動的增加所抵消。國際收入爲33億美元，環比持平。
Operating income stood at $871 million (-16% YoY), with an operating margin of about 15.3%, down 258 bps YoY. Adjusted operating margin was 17.3%, down 54 bps.
營業收入爲8.71億美元（同比下降16％），營業利潤率約爲15.3％，同比下降258個點子。調整後的營業利潤率爲17.3％，下降54個點子。
Adjusted EPS was $0.73, down from $0.79 a year ago and below the consensus of $0.75.
調整後的每股收益爲0.73美元，低於去年同期的0.79美元，低於市場普遍的0.75美元。
The company repurchased ~$200 million of its common stock during the quarter. Operating cash flow was $2.41 billion for the nine months ended September, and free cash flow was $1.542 billion. For the quarter, operating cash flow was $841 million, and FCF was $543 million.
該公司在本季度回購了約2億美元的普通股。截至9月的九個月中，運營現金流爲24.1億美元，自由現金流爲15.42億美元。本季度，運營現金流爲8.41億美元，FCF爲5.43億美元。
"We experienced a $0.02 per share impact to our adjusted earnings from lost or delayed revenue due to the August cybersecurity event and storms in the Gulf of Mexico. Our full year expectations for free cash flow and cash return to shareholders remain unchanged, and we expect both to accelerate in the fourth quarter," commented Jeff Miller, Chairman, President and CEO.
「由於8月份的網絡安全事件和墨西哥灣風暴造成的收入損失或延遲，我們的調整後每股收益受到0.02美元的影響。我們對自由現金流和股東現金回報的全年預期保持不變，我們預計兩者都將在第四季度加速。」 董事長、總裁兼首席執行官傑夫·米勒評論道。
"I see solid opportunities across business lines and geographies for Halliburton. As we execute on our strategy, we will target opportunities to deliver unique value, allocate capital to the highest return opportunities, and prioritize free cash flow generation and shareholder returns," added Miller.
「我看到了哈里伯頓在業務領域和地域上的巨大機遇。在我們執行戰略時，我們將瞄準機會，創造獨特的價值，爲最高的回報機會分配資本，並優先考慮自由現金流的產生和股東回報，」 米勒補充說。
Price Action: HAL shares are down 4.44% at $29.15 at the last check Thursday.
價格走勢：在週四的最後一次檢查中，HAL股價下跌4.44％，至29.15美元。
譯文內容由第三人軟體翻譯。
