Investing.com — SLB (NYSE: SLB) reported third-quarter earnings before the open on Friday, with shares up about 0.9% in premarket trading after the report.
The company posted adjusted earnings per share of $0.64, exceeding analyst estimates of $0.62, while revenue of $9.45 billion topped the consensus estimate of $9.27 billion. Revenue increased 6% YoY and 5% sequentially, driven by broad-based growth across all regions.
The company’s adjusted EBITDA reached $2.07 billion, up 9% sequentially but essentially flat YoY. International revenue grew 5% sequentially to $6.99 billion, led by a 13% increase in the Middle East as activity recovered from prior-quarter disruptions. North America revenue rose 7% sequentially to $2.40 billion, supported by strong production chemicals and artificial lift sales. Shares rose 0.9% following the results.
“SLB delivered solid third-quarter results with all regions growing sequentially — led by a gradual recovery in the Middle East, growth in North America land and broadening international activity in deepwater offshore basins,” said CEO Olivier Le Peuch.
Production Systems revenue increased 6% sequentially to $4.00 billion, while Well Construction revenue grew 5% to $2.89 billion and Reservoir Performance revenue rose 5% to $1.63 billion. The ChampionX businesses, acquired in July 2025, contributed $956 million of revenue in the quarter.
The company’s Data Center Solutions business continued its momentum, with revenue increasing 23% sequentially and 76% YoY, driven by growing demand and geographic expansion into Asia.
Cash flow from operations was $1.51 billion and free cash flow reached $828 million. The board approved a quarterly dividend of $0.295 per share, payable on January 7, 2027.
Original Article
SLB tops Q3 expectations on broad-based growth
Infosys’ U.S. shares tumble after revenue outlook cut
American Express raises annual guidance amid strong billings, customer acquisition
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
