Revenue Growth
Second quarter 2025 revenue was up 5% compared to Q1, with improvements in operating income, operating margins, free cash flow, and earnings per share.
Reservoir Description Segment Performance
Revenue in the second quarter was up 7% compared to Q1. Operating margins increased from 10% in Q1 to 13% in Q2, reflecting continued demand for rock and fluid analysis and laboratory instrumentation sales.
Production Enhancement Segment Growth
Second quarter revenue was up 3% compared to Q1. Operating margins improved from 8% in Q1 to 9% in Q2, driven by demand for high-margin diagnostic services in the U.S. and improved international and domestic completion product sales.
Shareholder Returns and Debt Reduction
Core Lab repurchased over 237,000 shares, valued at $2.7 million, and reduced net debt by more than $9 million, achieving a leverage ratio of 1.27, the lowest in 8 years.
Innovative Technology and Strategic Initiatives
Continued introduction and deployment of new technologies like the HERO PerFRAC perforating system and geothermal energy project tracers, enhancing market position and client offerings.