AI Earnings Predictions for Schlumberger N.V. (SLB)

EX-99

2 d151271dex99.htm

EX-99

EX-99

Exhibit 99

News Release

SLB Announces Third-Quarter 2026 Results

•

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, October 23, 2026 — SLB (NYSE: SLB) today announced results for the third-quarter 2026.

Third-Quarter Results

Three Months Ended

(Stated in millions, except per share amounts) 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

9%

0%

Adjusted EBITDA margin

Digital

32.9 %

34.7 %

32.7 %

-175 bps

26 bps

Reservoir Performance

23.5 %

22.4 %

25.1 %

110 bps

-159 bps

Well Construction

21.9 %

21.1 %

24.5 %

80 bps

-266 bps

Production Systems

20.0 %

19.6 %

19.9 %

42 bps

14 bps

All Other

41.5 %

44.9 %

39.9 %

-347 bps

155 bps

Eliminations

n/m

n/m

n/m

n/m

n/m

23.3 %

22.7 %

24.6 %

61 bps

-138 bps

Corporate & other

n/m

n/m

n/m

n/m

n/m

21.9 %

21.2 %

23.1 %

71 bps

-121 bps

ChampionX contributed $35 million of Digital revenue and $950 million of Production Systems revenue in the third quarter of 2026. Third-quarter 202

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