SLB beats Q4 revenue, adj EPS expectations, plans to return $4 bln to shareholders in 2026
Overview
Oilfield services firm's Q4 revenue rose 5% yr/yr, beating analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company plans to return over $4 bln to shareholders in 2026
Outlook
SLB expects increased rig activity in the Middle East in 2026
Company plans to return over $4 bln to shareholders in 2026
SLB sees growth in Digital and Data Center Solutions in 2026
Result Drivers
CHAMPIONX ACQUISITION - The acquisition of ChampionX contributed $879 mln to Q4 revenue, boosting Production Systems division
DIGITAL AND DATA CENTER GROWTH - Significant growth in Digital Exploration and Data Center Solutions supported Q4 results
STABILIZED UPSTREAM ACTIVITY - Revenue growth across all geographies due to stabilized global upstream activity
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $9.75 bln | $9.55 bln (17 Analysts) |
Q4 Adjusted EPS | Beat | $0.78 | $0.74 (22 Analysts) |
Q4 EPS |
| $0.55 |
|
Q4 Net Income |
| $824 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy"
Wall Street's median 12-month price target for Slb NV is $50.00, about 1.4% above its January 22 closing price of $49.32
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nBw5h9Npja
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