The earnings call conveyed strong operational performance, particularly in digital growth and margin expansion. However, revenue growth remained flat, and there were challenges in the North American market and macroeconomic environment. Despite these challenges, SLB's strategic initiatives and cost optimization suggest resilience and potential for future growth.

Company Guidance

During the SLB earnings call for the third quarter of 2024, the company provided guidance highlighting several key metrics and strategies moving forward. SLB reported a strong adjusted EBITDA margin of 20.6%, with a goal to achieve full-year adjusted EBITDA margins at or above 25%. The company generated robust free cash flow of $1.81 billion during the quarter and anticipates continued margin expansion in the fourth quarter. Looking ahead to 2025, SLB expects international upstream spending to grow in the low to mid-single digits, while North America might see flat to slightly decreased spending. The digital business remains a significant contributor, poised to achieve full-year revenue growth in the high teens, with ambitions to reach approximately $3 billion next year. SLB also plans to leverage its differentiated portfolio and digital leadership to support further margin expansion and increased shareholder returns.

Strong Free Cash Flow

SLB generated very strong free cash flow of $1.81 billion in the third quarter.

Digital Business Growth

SLB's digital business achieved a new quarterly revenue high and is on pace for full year revenue growth in the high teens. Margins in the digital segment expanded to 36%.

Record EBITDA Margins

Adjusted EBITDA margin expanded by more than 50 basis points to 20.5%, with company-wide adjusted EBITDA margin reaching 25.6%, the highest since Q1 2016.

Successful Sale of Palliser APS Project

SLB signed a definitive agreement to sell its interest in the Palliser APS project, reducing capital intensity and removing significant future abandonment liabilities.

Digital Innovations and Partnerships

SLB launched the Lumi data and AI platform and announced collaborations with NVIDIA and Amazon Web Services to develop new AI solutions and expand digital capabilities.

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Schlumberger (SLB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SLB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 20, 2018	2018 (Q2)	- / 0.43	0.35	22.86% (+0.08)	―	―
Oct 19, 2018	2018 (Q3)	- / 0.46	0.42	9.52% (+0.04)	―	―
Jan 18, 2019	2018 (Q4)	- / 0.36	0.48	-25.00% (-0.12)	―	―
Apr 18, 2019	2019 (Q1)	- / 0.30	0.38	-21.05% (-0.08)	―	―
Jul 19, 2019	2019 (Q2)	- / 0.35	0.43	-18.60% (-0.08)	―	―
Oct 18, 2019	2019 (Q3)	- / 0.43	0.46	-6.52% (-0.03)	―	―
Jan 17, 2020	2019 (Q4)	- / 0.39	0.36	8.33% (+0.03)	―	―
Apr 17, 2020	2020 (Q1)	- / 0.25	0.3	-16.67% (-0.05)	―	―
Jul 24, 2020	2020 (Q2)	- / 0.05	0.35	-85.71% (-0.30)	―	―
Oct 16, 2020	2020 (Q3)	- / 0.16	0.43	-62.79% (-0.27)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SLB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 18, 2024	$43.71	$41.66	-4.69%
Jul 19, 2024	$48.10	$49.04	+1.95%
Apr 19, 2024	$49.97	$48.90	-2.14%
Jan 19, 2024	$47.37	$48.42	+2.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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