Workflow
Digital Operations
icon
Search documents
SLB Q3 Earnings Beat Estimates on Digital Segment Growth, Revenues Miss
ZACKS· 2025-10-17 17:31
Core Insights - SLB reported third-quarter 2025 earnings of 69 cents per share, exceeding the Zacks Consensus Estimate of 66 cents, but down from 89 cents in the same quarter last year [1][10] - Total quarterly revenues were $8,928 million, slightly missing the Zacks Consensus Estimate of $8,930 million and declining from $9,159 million year-over-year [1][10] Financial Performance - The Digital segment's revenues reached $658 million, a 3% increase year-over-year, while pre-tax operating income decreased to $187 million from $190 million [3] - Reservoir Performance unit revenues fell 8% to $1.68 billion, with pre-tax operating income down 15% to $312 million, surpassing the Zacks Consensus Estimate of $295 million [4] - Well Construction segment revenues decreased 10% to $2.97 billion, with pre-tax operating income down 22% to $558 million, exceeding the Zacks Consensus Estimate of $525 million [5] - Production Systems segment revenues increased to $3.47 billion from $3.04 billion a year ago, with pre-tax operating income improving 8% to $559 million, though it missed the Zacks Consensus Estimate of $565 million [6] Cash Flow & Financials - SLB reported free cash flow of $1.1 billion for the third quarter [7] - As of September 30, 2025, the company had approximately $3.59 billion in cash and short-term investments, with long-term debt at $10.84 billion [7] Outlook - SLB reiterated its full-year 2025 capital investment guidance at approximately $2.4 billion, lower than the 2024 level of $2.6 billion, including the impact of the ChampionX acquisition [8]