Live: Schlumberger Earnings Coverage

Live Updates Live Coverage Updates appear automatically as they are published. Markets Open and SLB Is Up .058% 9:40 am CEO Commentary 7:53 am “SLB reported solid second-quarter results, leveraging our diversified portfolio and broad market exposure to deliver steady revenue and slightly higher adjusted EBITDA and margins sequentially. This demonstrates our resilience amidst softer upstream spending and macroeconomic uncertainty.” – Olivier Le Peuch “Moving forward, we will increase our exposure to the less cyclical and growing production and recovery space with the recent closing of our acquisition of ChampionX.” – Olivier Le Peuch Join the earnings call 7:31 am SLB will host its earnings call at 9:30 am ET on Friday, July 18—you can dial in at +1 (833) 470-1428 and use passcode 719185. Alternatively, join the live webcast here. Schlumberger (NYSE: SLB) just released earnings and beat on the top and bottom line. Shares are up about 1% shortly after their earnings release. We’ll be following along Wall Street’s reaction and offering analysis of the company’s Q2 earnings in this live blog. What Did Schlumberger Report? SLB’s Q2 25 revenue declined 6.6% year-over-year to $8.55 B, with net income down 8.8% to $1.01 B and operating income sliding over 21% to $1.28 B. Operating cash flow and free cash flow fell roughly 20% and 31.7%, respectively, while cash and equivalents surged 190.8% to $8.59 B. Metric Q2 25 Q2 2024 Change Revenue $8.55 B $9.15 B -6.57% Net Income $1.01 B $1.11 B -8.81% Operating Income $1.28 B $1.64 B -21.41% Cash And Equivalents $8.59 B $2.95 B 190.76% Operating Cash Flow $1.14 B $1.44 B -20.47% Free Cash Flow $622.00 M $911.00 M -31.72% The Numbers That Matter Here’s the revenue and EPS figures for Schlumberger relative to Wall Street expectations in Q2: Revenue: $8.55 billion (versus expectations of $$8.48 billion) EPS: $.74 (versus expectations of $.73 per share) The post Live: Schlumberger Earnings Coverage appeared first on 24/7 Wall St..