SLB
SLB N.V.37.61
-1.29-3.32%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
ME rebound, digital traction detailed
Q&A expanded on Middle East rebound with Saudi's V-shaped rig recovery to early-2025 levels and IOC inflows to Libya, Iraq, Egypt, Algeria, and unconventional UAE, amplifying prepared optimism. Digital traction surfaced via Lumi's 50+ customers and Tela's dozen-plus pilots, early innings of platform shift. Venezuela readiness highlighted: assets for $1B-scale revenue under licensing. Data centers target $1B run rate organically, with Asia expansion and inorganic probes. CapEx at $2.5B stays flexible amid efficiency gains. Saudi rebounds V-shaped. Management stayed bullish on international exit rate; watch regional FIDs, digital uptake.
Key Stats
Market Cap
56.19BP/E (TTM)
14.63Basic EPS (TTM)
2.57Dividend Yield
0.03%Recent Filings
8-K
Middle East ops demobilized
8-K
SLB Q4 revenue beats
SLB reported Q4 revenue of $9.75B, up 9% sequentially and 5% year-on-year, boosted by full-quarter ChampionX contribution of $879M. Full-year revenue dipped 2% to $35.71B amid lower upstream spending, yet free cash flow hit $4.11B. Board hiked dividend 3.5% to $0.295/share. Returns top $4B in 2026. Cash flow stays robust.
10-K
FY2025 results
SLB's FY2025 revenue dipped 2% to $35.7B amid lower commodity prices and activity cuts in Saudi Arabia, Mexico, and Sub-Saharan Africa, yet Q4 roared back with $9.7B (+9% q/q) as every geography grew sequentially—international +8%, North America +15%—fueled by Production Systems (+17% to $4.1B, full ChampionX quarter), Digital (+25% to $825M on exploration sales), and Reservoir Performance (+4%). Margins held firm while $6.5B operating cash flow yielded $4.1B free cash flow (derived), enabling $4B shareholder returns including $2.4B buybacks. Q4 momentum signals stabilizing upstream. Oil price volatility threatens demand.
10-Q
Q3 FY2025 results
SLB's Q3 revenue dipped 3% y/y to $8.9B yet climbed 4% q/q, propelled by $579M from the July 16, 2025 ChampionX acquisition (all-stock, $5.0B consideration, $2.3B goodwill, $2.3B intangibles over 16-25 years), while Production Systems jumped 14% y/y. Net income fell to $739M from $1.2B y/y, diluted EPS $0.50 (reconciles to 1,488M shares), hit by $318M charges for merger/integration and restructuring. Operating cash flow not disclosed for quarter; YTD FCF $1.8B (derived). Cash sits at $3.0B with $5.0B revolver available, total debt $12.8B. ChampionX bolsters production chemicals. Delays from Mexico's primary customer linger.
8-K
SLB Q3 revenue up seq.
SLB posted Q3 revenue of $8.93B, up 4% sequentially but down 3% year-on-year, boosted by two months of ChampionX adding $579M after its July 16 close. GAAP EPS fell to $0.50, yet adjusted EPS held at $0.69; Production Systems surged 18% on the acquisition. Free cash flow hit $1.10B. Board hiked dividend to $0.285/share.
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