SLB (NYSE:SLB) Releases Earnings Results

SLB (NYSE:SLB) released its quarterly earnings data on Friday. The oil and gas company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02, FiscalAI reports. The business had revenue of $9.45 billion during the quarter, compared to analyst estimates of $9.27 billion. SLB had a return on equity of 14.05% and a net margin of 8.53%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS.

Here are the key takeaways from SLB’s conference call:

• Broad-based third-quarter growth lifted revenue 5% sequentially to $9.45 billion, with margin expansion across all four core divisions and adjusted EBITDA margin reaching 21.9%.
• SLB expects fourth-quarter revenue of approximately $10 billion, up 5%–7% sequentially, with adjusted EBITDA margins expanding by 100–150 basis points despite Middle East revenue remaining flat.
• Management sees a durable international upcycle into 2027, driven by deepwater projects, renewed exploration, production-recovery spending, Venezuela, and OneSubsea backlog; SLB expects the global OFS market to grow at a mid-single-digit rate and believes its core divisions will outperform.
• Digital revenue is expected to deliver double-digit growth for the full year with adjusted EBITDA margins above 35%, while Data Center Solutions is accelerating; the Kelvion acquisition is expected to close in the first half of 2027 and expand SLB’s AI-infrastructure offering.
• Third-quarter adjusted EPS fell to $0.64 from $0.69 a year earlier, partly reflecting a $187 million non-cash pension settlement charge and $0.03 per share of ChampionX merger and integration costs.

SLB Price Performance

SLB traded up $3.48 during midday trading on Friday, hitting $53.03. 19,048,477 shares of the company traded hands, compared to its average volume of 12,320,222. The company has a current ratio of 1.44, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $78.71 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.73 and a beta of 0.83. SLB has a 52-week low of $34.65 and a 52-week high of $60.46. The business has a 50 day simple moving average of $52.57 and a two-hundred day simple moving average of $52.15.

SLB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $0.2950 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $1.18 dividend on an annualized basis and a yield of 2.2%. SLB’s dividend payout ratio is currently 57.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 price target (up from $65.00) on shares of SLB in a report on Sunday, July 26th. JPMorgan Chase & Co. raised their price target on shares of SLB from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Citigroup cut their price objective on shares of SLB from $63.00 to $62.00 and set a “buy” rating for the company in a report on Monday. Susquehanna upped their price objective on shares of SLB from $55.00 to $62.00 and gave the stock a “positive” rating in a research report on Monday, July 27th. Finally, UBS Group increased their target price on shares of SLB from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Twenty-four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.27.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported third-quarter adjusted earnings of $0.64 per share, ahead of the $0.62 analyst consensus, while revenue rose 5.8% year over year to $9.45 billion, topping the $9.27 billion estimate. This marked the fourth consecutive quarterly earnings beat. Top oilfield services firm SLB beats quarterly profit estimates
• Positive Sentiment: Growth was broad-based, with strength in Production Systems, ChampionX, North America and deepwater operations helping offset weakness tied to Middle East disruptions. Management indicated that Middle East activity is beginning to recover, potentially supporting stronger 2027 results. SLB Q3 growth spans all regions as deepwater, Middle East rebound
• Positive Sentiment: SLB’s emerging data-center business reportedly grew 76% year over year. Investors view its Digital and Data Center Solutions operations as longer-term growth drivers tied to artificial-intelligence infrastructure, modular data centers and thermal-management demand. Recent acquisitions, including Kelvion and S&P Global Energy’s software portfolio, further expand those capabilities. SLB: Oilfield-Services Giant or AI Stock? Earnings Offer a Clue.
• Positive Sentiment: Crude oil prices surged about 4%, providing an additional favorable backdrop for oilfield-service providers and reinforcing expectations for customer spending on exploration and production. Crude Oil Surges 4%; SLB Shares Jump Following Upbeat Q3 Earnings
• Neutral Sentiment: Despite revenue growth, GAAP net income attributable to SLB declined to $735 million from $739 million a year earlier, and the pretax margin narrowed to 10.8% from 11.2%, reflecting ongoing margin pressure and geopolitical uncertainty. SLB Announces Third-Quarter 2026 Results

SLB Company Profile

SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.

The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.