SLB: Q3 Earnings Snapshot

SLB (formerly Schlumberger) reported Q3 2026 GAAP EPS of $0.49, down 2% y-o-y, and adjusted EBITDA of $2.07bn, flat y-o-y. Revenue rose 6% to $9.45bn, with North American revenue up 13%. CEO Le Peuch cited regional growth and a positive outlook for 2027. The company is a global leader in oil and gas exploration services.

SLB reported Q3 adjusted profit of 64 cents per share on $9.45 billion revenue, beating estimates. North America revenue rose 24% to $2.40 billion. The company highlighted long-term diversification, including a $4.1 billion deal for Kelvion. Baker Hughes reported an international rig count increase to 1,107 from 1,056, suggesting potential future well activity.

SLB secured oilfield services contracts from Aramco, PDO, and KOC for well construction, fracturing, and reservoir characterization. The deals cover over 450 wells and span three to five years. SLB did not disclose contract values. The awards strengthen SLB's GCC market position, per its Q3 2026 results.

SLB NV reported Q3 2026 net income of $735M ($0.49 per share), down from $739M ($0.50 per share) a year ago, but revenue rose to $9.449B from $8.928B, driven by international and North American growth. Excluding items, profit was $962M ($0.64 per share), and EBITDA was $2.067B. The company declared a quarterly dividend of $0.295 per share.

SLB reported Q3 2026 revenue of $9.45B, up 6% YoY, with EPS at $0.49 (GAAP) and $0.64 (adjusted). Revenue growth was driven by Middle East recovery and North American activity. Net income was $735M, down 1% YoY, while adjusted EBITDA was $2.07B, flat YoY. The company repurchased $656M in shares and declared a $0.295 dividend.

SLB reported Q3 2026 revenue of $9.45 billion, exceeding estimates by 1.7% and growing 5.8% year-on-year. Adjusted EPS was $0.64, beating estimates by 4.1%. Operating margin remained steady at 16.7%, but free cash flow margin declined to 10.8% from 12.3% year-on-year.