Revenue Growth
Third quarter 2025 revenue was $134.5 million, up over 3% compared to Q2, driven by increased demand for laboratory analytical services and completion diagnostic services in international regions.
Improved Operating Margins
Operating margins for the third quarter improved, with Reservoir Description ex items achieving 13% and Production Enhancement ex items reaching 11%.
Share Repurchase Program
Core Lab repurchased more than 462,000 shares of company stock during the third quarter, equating to approximately 1% of Core's outstanding share count, representing a value of $5 million.
Successful Technology Deployment
Core Lab completed phase 1 of a major reservoir fluid study in the Middle East using proprietary technologies, which will help clients mitigate risk and develop pressure maintenance strategies.
Strategic Acquisition
Core Lab acquired Solintec, a company with a long history in Brazil, and structured the purchase price with a significant earn-out component to ensure performance.