Revenue Growth
Second quarter 2025 revenue increased by 5% compared to Q1 2025, reaching $130.2 million, driven by a rebound in maritime movement and international product sales.
Operating Margin Improvement
Reservoir Description and Production Enhancement segments showed improvement in operating margins, with margins rising to 13% and 9% respectively.
Share Repurchase 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 the lowest leverage ratio in 8 years at 1.27.
Technological Advancements and New Projects
Core Lab engaged in new projects in Colombia and Canada, focusing on enhanced oil recovery, carbon capture, and geothermal energy projects.