Slb Expects Q4 2026 Adjusted EBITDA Margin To Be In Line With Q4 2025 - SLB News | RalliesSlb Expects Q4 2026 Adjusted EBITDA Margin To Be In Line With Q4 2025
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SLB• Later-quarter guidance
- SLB expects Q4 revenue to surpass $10 billion, representing 5% YoY growth -conf call
- SLB expects Q4 2026 adjusted EBITDA margin to be in line with Q4 2025 -conf call
Revenue and spending outlook
- SLB expects global revenue to grow between 3%-4% sequentially in Q3 with Middle East revenue recovering gradually under the base case scenario
- SLB expects Q3 revenue in core divisions to grow by low single digits on a sequential basis -conf call
- SLB expects a range-bound commodity environment that is constructive of upstream investment -conf call
- SLB sees higher exploration spending and upstream capex in 2H26, led by Africa -conf call
- SLB says it is securing contracts and additional work beyond what it already had in the last two years in Venezuela -conf call
Cost actions, Q2 impact and free cash flow
- SLB says it took some temporary cost actions to alleviate the impact of the Iran war in Q2 -conf call
- SLB says the impact of the Iran war on Q2 EPS was on the lower end of its previous guidance of 6-8 cents per share -conf call
- SLB expects 2H26 free cash flow to be materially higher than the first half of the year -conf call
Conference call updates on Middle East and Iraq
- SLB CEO says activity resumed in several countries in the Middle East in Q2 but operations in Iraq remained constrained -conf call
- SLB says frequency of engaging with customers in the Middle East has been increasing in recent weeks -conf call
- SLB says it can expect more awards over the coming weeks and months that would solidify the company's market position in the Middle East -conf call
- SLB says if there is significant escalation in the conflict, Q3 Middle East revenue will be $150 million lower than the base case -conf call
