The rig count and Halliburton’s revenue
In 4Q17, Halliburton’s (HAL) North American revenue made up 57% of its overall revenue, compared with 58% in 3Q17. In 4Q17, Halliburton generated 43% of its revenue from international operations. By the end of 4Q17, the US rig count was 929, 1% lower than in 3Q17.
Halliburton’s earnings margin
Between 3Q17 and 4Q17, Halliburton’s EBITDA (earnings before interest, tax, depreciation, and amortization) margin (or EBITDA as a percentage of its revenue) increased from 18.8% to 19.4%. EBITDA margins measure operating earnings. Halliburton makes up 0.16% of the iShares Dow Jones US ETF (IYY). Between December 29, 2017, and February 14, 2018, IYY increased 1%, while HAL fell ~2%.