SLB posts higher Q3 revenue as adjusted EPS declines year on year
+3 new sources since this summary was written
On October 23, 2026, SLB reported third-quarter revenue of $9.45B, up 5% sequentially and 6% year on year. GAAP diluted EPS was $0.49, while EPS excluding charges and credits was $0.64, down 7% year on year despite rising 16% sequentially. Adjusted EBITDA reached $2.07B, up 9% sequentially and essentially flat year on year, and the board approved a $0.295 quarterly dividend payable January 7, 2027.
Why it matters
The results show stronger sequential activity but weaker year-on-year adjusted earnings, with SLB attributing the operating improvement to Middle East recovery, North American activity and broader international growth. The approved dividend establishes a cash return of $0.295 per share for eligible shareholders on the stated payment date.
Key facts
- 1SLB recorded third-quarter revenue of $9,449 million, representing a 5% sequential increase and a 6% year-on-year increase. gurufocus.com
- 2Diluted GAAP EPS was $0.49, while diluted EPS excluding charges and credits was $0.64, with the adjusted measure down 7% year on year. gurufocus.com
- 3The quarter produced $735 million in net income attributable to SLB, while adjusted EBITDA was $2,067 million; the year-on-year changes were -1% and 0%, respectively. gurufocus.com
- 4The board approved a quarterly cash dividend of $0.295 per share on October 22, 2026, payable on January 7, 2027, to shareholders of record on December 2, 2026. securities.io
- 5North America revenue was $2,401 million, up 7% sequentially and 24% year on year, while international revenue was $6,993 million, up 5% sequentially and 1% year on year. gurufocus.com
Open questions
- Pre-release EPS estimates differed across materials, with $0.61 cited in materials 1 and 3 and $0.62 cited in materials 2, 7 and 12.
- Pre-release revenue estimates differed across materials, with $9.27B cited in materials 1, 2, 3 and 6 and $9.29B cited in material 9.
Summary written by AlphAI AI Desk from 18 of 18 sources. Not investment advice. Figures are as stated by the linked sources.