SLB (NYSE:SLB) Announces Quarterly Earnings Results

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

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 stock opened at $53.03 on Friday. SLB has a 1 year low of $34.65 and a 1 year high of $60.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 1.05. The firm has a market capitalization of $78.71 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.92 and a beta of 0.83. The business has a 50 day simple moving average of $52.57 and a 200-day simple moving average of $52.15.

SLB Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on SLB shares. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (down from $63.00) on shares of SLB in a research report on Tuesday, September 1st. Piper Sandler dropped their price target on SLB from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. The Goldman Sachs Group reduced their price objective on SLB from $63.00 to $62.00 in a research note on Tuesday, July 7th. Raymond James Financial reduced their price objective on SLB from $62.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $66.00 price objective (up from $65.00) on shares of SLB in a report on Sunday, July 26th. Twenty-four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.27.

SLB News Roundup

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

About SLB

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.