SLB Sees Q3 Revenue Up 3-4%, EBITDA Margin Expansion of 75bps
SLB (Schlumberger) guided for Q3 global quarter-over-quarter revenue growth of 3% to 4%, along with adjusted EBITDA margin expansion of about 75 basis points. Core business sales are expected to rise by low-to-mid single digits, and the company aims to expand its role in data center power and cooling.
Oilfield services provider SLB (Schlumberger) issued its Q3 outlook, forecasting global sequential revenue growth of 3% to 4%. The company also expects adjusted EBITDA margin expansion of approximately 75 basis points.
Core business sales for the third quarter are seen rising by low-to-mid single digits. Additionally, SLB is looking to broaden its involvement in the data center sector, focusing on power and cooling solutions.
These projections suggest steady near-term operational improvement, driven by both core oilfield activity and nascent data center energy services.
Source: First Squawk