SLB NV (NYSE:SLB) on Friday reported second-quarter adjusted earnings and revenue above analyst expectations.
Adjusted EPS of 55 cents topped the 51-cent estimate, while revenue rose 5% to $8.972 billion, beating $8.672 billion.
SLB expects third-quarter revenue to increase 3% to 4% sequentially, with adjusted EBITDA margin expanding about 75 basis points.
A renewed Middle East escalation could reduce third-quarter revenue by roughly $150 million and adjusted EBITDA by $75 million, primarily affecting Well Construction and Reservoir Performance.
For the fourth quarter, SLB expects revenue above $10 billion and adjusted EBITDA margin near 24%, assuming continued Middle East recovery.
