$SLB Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $9.45B (Est. $9.3B) 🟢; +2% pro forma
🔹 Adj. EPS: $0.64 (Est. $0.62) 🟢; -7% YoY
🔹 Adj. EBITDA: $2.07B (Est. $2.03B) 🟢
FY26 Guide:
🔹 Capital Investment: ~$2.5B
Cash Flow:
🔹 Operating Cash Flow: $1.51B
🔹 Free Cash Flow: $828M
Segment Revenue:
🔹 Production Systems: $4.0B; +6% pro forma
🔹 Well Construction: $2.89B; -3% YoY
🔹 Reservoir Performance: $1.63B; -3% YoY
🔹 Digital: $693M; +5% YoY
🔹 All Other: $544M; +37% YoY
Revenue by Geography:
🔹 International: $6.99B; flat pro forma
🔹 North America: $2.40B; +13% pro forma
Announcements:
🔹 Signed agreement to acquire Kelvion for ~$3.4B in cash and assume ~$0.7B of debt; expected to close in 1H27
Other Q3 Metrics:
🔹 Adj. EBITDA Margin: 21.9%; -121 bps YoY
🔹 Pretax Segment Op. Margin: 16.7%; -153 bps YoY
🔹 GAAP EPS: $0.49; -2% YoY
🔹 Net Income: $735M; -1% YoY
🔹 Digital Division ARR: $1.04B; +13% YoY
🔹 Data Center Solutions Revenue: $230M; +76% YoY
Key Updates:
🔹 Reported revenue +6% YoY; Q3'25 included two months of ChampionX ($579M revenue); pro forma rates assume ChampionX from January 1, 2025
🔹 Charges & credits: $242M pre-tax
🔹 Pension settlement charge: $187M
🔹 Merger and integration: $55M
Capital Return:
🔹 Share Repurchases: $656M (12.9M shares)
Comments:
🔸 “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.”