Schlumberger (SLB) investor relations material

Executive summary

• Q3 revenue reached $8.93 billion, up 4% sequentially, driven by the ChampionX acquisition and digital expansion, but down 3% year over year.

• ChampionX contributed $579 million in revenue and $108 million in pretax income for two months, strengthening the production and recovery business.

• Net income attributable to shareholders was $739 million, down from $1.19 billion in Q3 2024, with diluted EPS at $0.50 compared to $0.83 a year ago.

• Digital business reported as a standalone division for the first time, with 11% sequential revenue growth.

• Data Center Solutions revenue more than doubled year-over-year, with expansion plans beyond the U.S.

Financial highlights

• Adjusted EPS was $0.69, down $0.05 sequentially and $0.20 year-over-year; GAAP EPS was $0.50, down 32% sequentially and 40% year on year.

• Adjusted EBITDA was $2.06 billion, flat sequentially and down 12% year on year; margin was 23.1%.

• Free cash flow for the quarter was $1.1 billion; cash flow from operations was $1.68 billion.

• International revenue was $6.92 billion, up 1% sequentially; North America revenue was $1.93 billion, up 17% sequentially due to ChampionX.

• Board approved a quarterly dividend of $0.285 per share.

Outlook and guidance

• Q4 expected to deliver high single-digit top-line growth sequentially, with a full quarter of ChampionX and seasonally higher digital and product sales.

• Full-year 2025 capital investment guidance remains at $2.4 billion.

• Q4 adjusted EBITDA margin expected to expand by 50–150 bps sequentially.

• Digital division expected to achieve double-digit year-over-year growth and 35% EBITDA margin for the full year.

• Management expects sufficient liquidity to meet business requirements for at least the next 12 months.