SLB reported third-quarter 2026 results that beat consensus on every headline line item, with adjusted earnings per share of 64 cents against an estimate of 62 cents, revenue of $9.45 billion versus $9.29 billion expected, and adjusted EBITDA of $2.07 billion compared with $2.03 billion forecast. Well Construction revenue of $2.89 billion also topped estimates of $2.83 billion, while capital expenditures came in at $485.0 million, well below the $529.3 million analysts had penciled in. The transmission channel here runs through oilfield services margins and capital discipline: a beat on earnings alongside lower capex signals that the company is converting activity into cash flow rather than expanding its asset base, which tends to support sentiment across the sector. Middle Eastern exposure is most relevant given the asset tag, since SLB's revenue base is heavily weighted toward national oil company contracts in the region, making regional drilling activity and contract awards the key drivers of how the results translate into equity and credit pricing for regional service peers. Traders should watch the company's full-year guidance commentary, which the headline cuts off mid-senten
$SLB | SLB Q3 2026 Earnings: - Adjusted EPS: 64c (est 62c) - Capex: $485.0M (est $529.3M) - Adjusted EBITDA: $2.07B (est $2.03B) - Well Construction Revenue: $2.89B (est $2.83B) - Revenue: $9.45B (est $9.29B) Sees A Very Compelling Outlook For 2027, With Further Upside As Middle East Activity Recovers
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