Core Viewpoint - SLB is set to hold a conference call on January 23, 2026, to discuss its fourth-quarter and full-year results for 2025, with a press release scheduled for earlier that day [1][2]. Company Overview - SLB (NYSE: SLB) is a global technology company focused on energy innovation, operating in over 100 countries and employing a diverse workforce [3][5]. - The company reported revenues of $36.29 billion and a net income of $4.46 billion for the year 2024 [5][10]. Conference Call Details - The conference call will begin at 9:30 am US Eastern time, with listeners needing to dial in approximately 10 minutes prior to the start [1][2]. - A webcast will also be available for listeners, who are encouraged to log in 15 minutes early to ensure connectivity [2]. Recent Developments - SLB has launched Tela™, an agentic AI technology aimed at transforming the upstream energy sector by automating processes and enhancing workflows [6]. - The company secured two significant engineering, procurement, and construction (EPC) contracts from PTT Exploration and Production Public Company Limited (PTTEP) for deepwater projects offshore Malaysia [7]. - SLB has partnered with Ormat Technologies to accelerate the development of integrated geothermal assets, including enhanced geothermal systems [8].

Core Insights - Geothermal power is recognized for its high capacity factor, providing consistent baseload power, making it essential for resilient, low-carbon electricity grids [1] Market Overview - The global geothermal power market is projected to grow from $7.4 billion in 2024 to $14.5 billion by 2034, reflecting a CAGR of 7.0% from 2025 to 2034 [2] Technological Advancements - Market expansion is driven by advancements in exploration and drilling technologies, particularly Enhanced Geothermal Systems (EGS), which improve efficiency and reduce operational costs [3] Power Station Configurations - The geothermal industry utilizes three primary power station configurations: dry steam, flash steam, and binary cycle, with binary cycle technology currently holding the largest market share due to its ability to use low-to-medium temperature resources [4][6] Financial and Regulatory Challenges - The geothermal market faces significant challenges, including high initial capital investments and the financial risks associated with non-productive wells, leading to longer payback periods compared to other renewable energy technologies [5]

Core Insights - Ormat Technologies reported strong financial results for Q3 2025, with total revenues increasing by 17.9% year-over-year to $249.7 million, driven by significant growth in the Product and Energy Storage segments [2][3][6] - The company experienced a 9.3% increase in net income attributable to stockholders, reaching $24.1 million, and an 8.3% rise in diluted EPS to $0.39 [2][6] - Ormat's strategic partnerships and portfolio expansion are expected to enhance its market position and drive future growth, particularly in Enhanced Geothermal Systems (EGS) [4][5][7] Financial Performance - Total revenues for Q3 2025 were $249.7 million, up from $211.8 million in Q3 2024, marking a 17.9% increase [2] - The Product segment saw a remarkable revenue increase of 66.6%, while the Energy Storage segment's revenues surged by 108.1% compared to the previous year [2][6] - Gross profit for the quarter was $64.0 million, an 8.8% increase from $58.9 million in Q3 2024, with a gross margin of 25.6% [2][6] Segment Performance - Electricity segment revenues increased by 1.5% to $167.1 million, benefiting from the acquisition of the Blue Mountain power plant and improved performance at the Dixie Valley facility [2][6] - The Product segment's backlog reached approximately $295 million, supported by a new contract signed in Q3 2025 [6][7] - The Energy Storage segment's revenue growth was attributed to new facilities coming online and higher merchant prices in the PJM market [6][7] Strategic Initiatives - Ormat announced a strategic collaboration with SLB to accelerate the development of Enhanced Geothermal Systems, aiming to meet the growing demand for clean energy [4][5] - The company signed a 25-year extension to its existing Power Purchase Agreement (PPA) with the Southern California Public Power Authority for 52MW from the Heber 1 geothermal facility [7] - New Geothermal Exploration and Energy Conversion Agreements were signed with the Indonesian utility PLN, covering up to 20 MW of geothermal capacity [7] Guidance and Outlook - The company updated its 2025 guidance, projecting total revenues between $960 million and $980 million and adjusted EBITDA between $575 million and $593 million [7] - Ormat expects continued demand growth driven by data centers and favorable regulatory developments, reinforcing confidence in achieving long-term growth and earnings targets [5][7]

Core Insights - Baker Hughes Company (BKR) has secured a significant contract from Fervo Energy to design and deliver advanced power generation equipment for the Cape Station Phase II geothermal project in Utah, marking a pivotal advancement in geothermal development in the U.S. and emphasizing the increasing importance of energy technology in providing reliable, clean power [1][4]. Group 1: Project Details - Under the contract, Baker Hughes will supply equipment for five 60-megawatt Organic Rankine Cycle power plants, which will collectively generate approximately 300 megawatts of renewable baseload power, sufficient to power over 180,000 U.S. homes [2][10]. - The Cape Station project is ambitious, with Phase I expected to deliver 100 MW of clean baseload power by 2026 and Phase II adding another 400 MW by 2028, ultimately demonstrating the scalability and integration of geothermal energy into the U.S. energy mix [7]. Group 2: Technology and Innovation - The new facilities will utilize Enhanced Geothermal Systems (EGS), a technology developed by Fervo that employs advanced drilling and subsurface techniques to harness clean geothermal energy at scale, with Baker Hughes' equipment integrated into this system for optimized long-term power generation [3][6]. - Baker Hughes views geothermal power as a crucial element for a sustainable energy future, leveraging its technology portfolio to support lower-carbon solutions amid rising global power demand [6][8]. Group 3: Partnership and Growth - This contract builds on Baker Hughes' previous collaboration with Fervo Energy, which included providing subsurface drilling and production technologies, and represents a continuation of their partnership aimed at developing the Cape Station complex, which has the potential for up to 2 gigawatts of renewable capacity [5][10]. - The announcement highlights Baker Hughes' expanding role in the renewable energy sector, transitioning from traditional oilfield services to comprehensive clean energy technology solutions [8].