{"id":73488,"date":"2026-10-23T07:08:18","date_gmt":"2026-10-23T11:08:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/slb-beats-q3-estimates-with-9-45b-revenue-sees-strong-2027-outlook\/73488\/"},"modified":"2026-10-23T07:08:18","modified_gmt":"2026-10-23T11:08:18","slug":"slb-beats-q3-estimates-with-9-45b-revenue-sees-strong-2027-outlook","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/slb-beats-q3-estimates-with-9-45b-revenue-sees-strong-2027-outlook\/73488\/","title":{"rendered":"SLB Beats Q3 Estimates with $9.45B Revenue, Sees Strong 2027 Outlook"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SLB (<a href=\"\/stock\/SLB\">SLB<\/a>) reported Q3 2026 revenue of $9.45 billion, surpassing analyst estimates of $9.29 billion and representing a 6% year-over-year increase.<\/strong><\/li>\n<li><strong>Adjusted earnings per share (EPS) came in at $0.64, beating the consensus estimate of $0.62, driven by a 13% sequential recovery in Middle East activity.<\/strong><\/li>\n<li><strong>The company issued a &quot;very compelling&quot; outlook for 2027, citing increased deepwater activity and a further rebound in international markets.<\/strong><\/li>\n<li><strong>Capital expenditures were lower than expected at $485 million (vs. $529.3 million estimate), contributing to robust free cash flow of $828 million for the quarter.<\/strong><\/li>\n<\/ul>\n<p>SLB (<a href=\"\/stock\/SLB\">SLB<\/a>), the world&#39;s largest oilfield services provider, delivered a strong third-quarter performance for 2026, exceeding Wall Street expectations across several key financial metrics. The company reported <strong>revenue of $9.45 billion<\/strong>, a <strong>6% increase<\/strong> compared to the same period last year, fueled by a significant rebound in the Middle East and continued strength in North American land operations.<\/p>\n<h3>Financial Performance and Segment Growth<\/h3>\n<p>The company\u2019s <strong>adjusted EBITDA reached $2.07 billion<\/strong>, edging out the <strong>$2.03 billion<\/strong> forecast by analysts. A standout performer was the <strong>Well Construction<\/strong> division, which generated <strong>$2.89 billion in revenue<\/strong>, beating the estimated <strong>$2.83 billion<\/strong>. This growth reflects a broader recovery in global drilling activity as international producers ramp up long-cycle projects.<\/p>\n<p>SLB (<a href=\"\/stock\/SLB\">SLB<\/a>) also demonstrated disciplined spending, with <strong>capital expenditures of $485 million<\/strong> coming in well below the projected <strong>$529.3 million<\/strong>. This efficiency supported a <strong>free cash flow of $828 million<\/strong> and an <strong>operating cash flow of $1.51 billion<\/strong>. Following these results, the board approved a quarterly cash dividend of <strong>$0.295 per share<\/strong>, payable in January 2027.<\/p>\n<h3>Regional Recovery and Strategic Outlook<\/h3>\n<p>The <strong>Middle East<\/strong> remains a critical driver for the company, with revenue in the region growing <strong>13% sequentially<\/strong> despite lingering geopolitical disruptions. CEO Olivier Le Peuch noted that while a full return to pre-conflict production levels will take time, the current trajectory provides a &quot;very compelling&quot; setup for <strong>2027<\/strong>.<\/p>\n<p>Outside the Middle East, the company saw momentum in <strong>North American land<\/strong> activity, where the recently acquired <strong>ChampionX<\/strong> business achieved its highest quarterly revenue since the merger. Additionally, the <strong>SLB OneSubsea<\/strong> joint venture continues to secure major international contracts, enhancing revenue visibility into the coming years.<\/p>\n<h3>Future Projections<\/h3>\n<p>Looking ahead, SLB (<a href=\"\/stock\/SLB\">SLB<\/a>) anticipates further upside as customers prioritize production optimization and the development of domestic energy resources. Management highlighted that the combination of <strong>deepwater expansion<\/strong>, <strong>digital technology adoption<\/strong>, and a stabilizing Middle East landscape positions the firm for sustained growth. <em>Analysts remain optimistic about the company&#39;s ability to maintain margin expansion as it integrates new technologies and scales its global operations.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SLB (SLB) reported Q3 2026 revenue of $9.45 billion, surpassing analyst estimates of $9.29 billion and representing a 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