Q3 2025 Slb NV Earnings Call Transcript
Key Points
- SLB Ltd (SLB) achieved sequential revenue growth driven by the addition of ChampionX and resilient performance in its Core divisions.
- The Digital division reported an 11% sequential revenue increase, driven by a 39% increase in digital operations.
- SLB Ltd (SLB) disclosed its data center revenue for the first time, which has more than doubled year on year.
- The integration of ChampionX has been successful, contributing to revenue growth and margin improvement.
- SLB Ltd (SLB) expects its Digital division to continue growing at a rate that outperforms global upstream spending, with highly accretive margins.
- Third-quarter earnings per share decreased by $0.05 sequentially and $0.20 compared to the same quarter last year.
- The company recorded $0.19 of charges during the third quarter, including merger and integration charges related to ChampionX.
- Revenue was essentially flat on a sequential basis after considering the contribution from ChampionX and lower APS revenue.
- Pretax segment operating margin declined 42 basis points sequentially to 18.2%.
- Company-wide adjusted EBITDA margin for the third quarter decreased by 92 basis points.
Good morning. My name is Meghan and I'll be your conference operator today. I would like to welcome everyone to the third-quarter SLB earnings call. (Operator Instructions)
As a reminder, this call is being recorded. I will now turn the call over to James R. McDonald, Senior Vice President of Investor Relations and Industry Affairs. Please go ahead.
Thank you, Megan. Good morning, and welcome to the SLB third-quarter 2025 earnings conference call. Today's call is being hosted from Houston following our Board meeting held earlier this week. Joining us on the call are Olivier Le Peuch, Chief Executive Officer; and Stephane Biguet, Chief Financial Officer.
Before we begin, I would like to remind all participants that some of the statements we will be making today are forward-looking. These matters involve risks and uncertainties that could cause our results to differ materially from those projected in these statements. For more information, please refer to
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