SLB Announces Third-Quarter 2026 Results
SLB (NYSE: SLB) today announced results for the third-quarter 2026. Third-Quarter Results (Stated in millions, except per share amounts) Three Months Ended Change Sept. 30,2026 Jun. 30,2026 ...
- Revenue of $9.45 billion increased 5% sequentially and 6% year on year
- GAAP EPS of $0.49 decreased 6% sequentially and 2% year on year
- EPS, excluding charges and credits, of $0.64 increased 16% sequentially and decreased 7% year on year
- Net income attributable to SLB of $735 million decreased 6% sequentially and 1% year on year
- Adjusted EBITDA of $2.07 billion increased 9% sequentially and was essentially flat year on year
- Cash flow from operations was $1.51 billion and free cash flow was $828 million
- Board approved quarterly cash dividend of $0.295 per share
HOUSTON: SLB (NYSE: SLB) today announced results for the third-quarter 2026.
Third-Quarter Results
| (Stated in millions, except per share amounts) | |||||||||
| Three Months Ended | Change | ||||||||
| Sept. 30, 2026 | Jun. 30, 2026 | Sept. 30, 2025 | Sequential | Year-on-year | |||||
| Revenue | $9,449 | $8,972 | $8,928 | 5% |
| 6% | |||
| Income before taxes - GAAP basis | $1,019 | $1,018 | $1,000 | 0% |
| 2% | |||
| Income before taxes margin - GAAP basis | 10.8% | 11.4% | 11.2% | -57 bps |
| -42 bps | |||
| Net income attributable to SLB - GAAP basis | $735 | $786 | $739 | -6% |
| -1% | |||
| Diluted EPS - GAAP basis | $0.49 | $0.52 | $0.50 | -6% |
| -2% | |||
|
|
| |||||||
| Adjusted EBITDA* | $2,067 | $1,899 | $2,061 | 9% |
| - | |||
| Adjusted EBITDA margin* | 21.9% | 21.2% | 23.1% | 71 bps |
| -121 bps | |||
| Pretax segment operating income* | $1,576 | $1,404 | $1,626 | 12% |
| -3% | |||
| Pretax segment operating margin* | 16.7% | 15.6% | 18.2% | 104 bps |
| -153 bps | |||
| Net income attributable to SLB, excluding charges & credits* | $962 | $833 | $1,027 | 16% |
| -6% | |||
| Diluted EPS, excluding charges & credits* | $0.64 | $0.55 | $0.69 | 16% |
| -7% | |||
|
|
| |||||||
| Revenue by Geography |
|
|
| ||||||
| International | $6,993 | $6,671 | $6,916 | 5% |
| 1% | |||
| North America | 2,401 | 2,244 | 1,930 | 7% |
| 24% | |||
| Other | 55 | 57 | 82 | n/m |
| n/m | |||
$9,449 | $8,972 | $8,928 | 5% |
| 6% | ||||
SLB acquired ChampionX during the third quarter of 2025. The acquired ChampionX businesses contributed $956 million of revenue, $239 million of adjusted EBITDA and $190 million of pretax segment operating income in the third quarter of 2026. Third-quarter 2025 results reflect two months of activity from ChampionX businesses, which contributed $579 million of revenue, $139 million of adjusted EBITDA and $108 million of pretax segment operating income. | |||||||||
| Excluding the impact of this acquisition, SLB's third-quarter 2026 global revenue increased 2% year on year; international third-quarter 2026 revenue was flat year on year; and North America third-quarter 2026 revenue increased 13% year on year. | |||||||||
*These are non-GAAP financial measures. See sections titled "Charges & Credits", "Divisions" and "Supplementary Information" for details.
| |||||||||
| n/m = not meaningful | |||||||||
| (Stated in millions) | |||||||||
| Three Months Ended | Change | ||||||||
| Sept. 30, 2026 | Jun. 30, 2026 | Sept. 30, 2025 | Sequential | Year-on-year | |||||
| Revenue by Division | |||||||||
| Digital | $693 | $697 | $658 | -1% |
| 5% | |||
| Reservoir Performance | 1,634 | 1,556 | 1,682 | 5% |
| -3% | |||
| Well Construction | 2,888 | 2,742 | 2,967 | 5% |
| -3% | |||
| Production Systems | 4,000 | 3,771 | 3,474 | 6% |
| 15% | |||
| All Other | 544 | 505 | 397 | 8% |
| 37% | |||
| Eliminations | (310) | (299) | (250) | n/m |
| n/m | |||
$9,449 | $8,972 | $8,928 | 5% |
| 6% | ||||
|
|
| |||||||
| Pretax segment operating income |
|
|
| ||||||
| Digital | $194 | $194 | $187 | - |
| 4% | |||
| Reservoir Performance | 266 | 232 | 312 | 15% |
| -15% | |||
| Well Construction | 475 | 417 | 558 | 14% |
| -15% | |||
| Production Systems | 646 | 586 | 559 | 10% |
| 16% | |||
| All Other | 136 | 142 | 96 | -4% |
| 42% | |||
| Eliminations | (141) | (167) | (86) | n/m |
| n/m | |||
$1,576 | $1,404 | $1,626 | 12% |
| -3% | ||||
|
|
| |||||||
| Pretax segment operating margin |
|
|
| ||||||
| Digital | 28.0% | 27.8% | 28.4% | 27 bps |
| -36 bps | |||
| Reservoir Performance | 16.3% | 14.9% | 18.5% | 140 bps |
| -223 bps | |||
| Well Construction | 16.4% | 15.2% | 18.8% | 122 bps |
| -239 bps | |||
| Production Systems | 16.1% | 15.5% | 16.1% | 60 bps |
| 6 bps | |||
| All Other | 25.0% | 28.2% | 24.2% | -319 bps |
| 77 bps | |||
| Eliminations | n/m | n/m | n/m | n/m |
| n/m | |||
16.7% | 15.6% | 18.2% | 104 bps |
| -153 bps | ||||
|
|
| |||||||
| Adjusted EBITDA |
|
|
| ||||||
| Digital | $228 | $242 | $215 | -6% |
| 6% | |||
| Reservoir Performance | 384 | 349 | 422 | 10% |
| -9% | |||
| Well Construction | 632 | 578 | 728 | 9% |
| -13% | |||
| Production Systems | 800 | 738 | 690 | 8% |
| 16% | |||
| All Other | 226 | 227 | 158 | -1% |
| 42% | |||
| Eliminations | (71) | (101) | (13) | n/m |
| n/m | |||
$2,199 | $2,033 | $2,200 | 8% |
| 0% | ||||
| Corporate & other | (132) | (134) | (139) | n/m |
| n/m | |||
$2,067 | $1,899 | $2,061 |
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