Oilfield services provider SLB (NYSE: SLB) will be reporting earnings this Friday morning. Here’s what you need to know.
SLB beat analysts’ revenue expectations last quarter, reporting revenues of $9.75 billion, down 3.9% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates.
Is SLB a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting SLB’s revenue to decline 7.2% year on year, a further deceleration from the 2.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SLB has a history of exceeding Wall Street’s expectations.
Looking at SLB’s peers in the oilfield services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Liberty Energy delivered year-on-year revenue growth of 4.5%, beating analysts’ expectations by 6.7%, and Halliburton reported flat revenue, topping estimates by 1.9%. Halliburton traded up 6.6% following the results.
Read our full analysis of Liberty Energy’s results here and Halliburton’s results here.
AI disruption fears rattled software and crypto through late 2025, but in spring 2026 the focus shifted to geopolitical risk, oil supply, and global stability. While some of the oilfield services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. SLB is up 7.4% during the same time and is heading into earnings with an average analyst price target of $56.36 (compared to the current share price of $54.24).
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