SLB
2026-10-20T08:54:27.281519+00:00
Shortcut
0.62Shortcut normalized EPS
+1.3% vs Street
Street
0.61Street normalized EPS
Frozen October 18 snapshot
Real
0.64Issuer diluted EPS excluding charges and credits
Shortcut win
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Explore the assumptions and calculations behind the forecast.
Shortcut’s reasoning.
The five-segment build forecasts $9.27bn in revenue and $924.7m in net income excluding charges and credits. Dividing by approximately 1.496bn diluted shares gives normalized EPS of $0.62 versus the Street’s $0.61.
Segment growth and margins, corporate costs, financing and a 20.3% tax rate drive the earnings build. Historical EBITDA/D&A rounding gaps and minor presentation issues remain documented; the original EPS calculation is unchanged.
On the record.
- Reporting basis
- Normalized diluted EPS excluding charges and credits; CapIQ normalized basis
- Forecast completed
- 2026-10-20T05:50:22.632421+00:00
- Published
- 2026-10-20T08:54:27.281519+00:00
Model assumptions and review notes
- Historical annual EBITDA and D&A use issuer rounding and mixed disclosure bases, leaving a $2–3m reconciliation gap. Some FY reconciliation memo cells are unavailable and a derived share-proceeds quarter is negative due to filing reclassification. The unchanged forecast EPS dependency chain excludes these memo cells.
- Minor dividend-decimal, zero-growth display and Cover band/value alignment issues remain. The full-precision values and each table’s own headers remain available. Later retrieval of earlier-dated publications leaves dynamic-source snapshot uncertainty; the frozen consensus was preserved.
Research sources
- https://www.sec.gov/Archives/edgar/data/87347/000119312525241946/d83993dex99.htm
- https://www.sec.gov/Archives/edgar/data/87347/000119312526020133/d59412dex99.htm
- https://www.sec.gov/Archives/edgar/data/87347/000119312526174940/d111579dex99.htm
- https://www.sec.gov/Archives/edgar/data/87347/000119312526315068/d122193dex99.htm
- https://investorcenter.slb.com/static-files/3aa0dd6e-1dd9-410f-82a3-2df80cf58e75
- https://www.sec.gov/Archives/edgar/data/87347/000119312526322595/
- https://www.sec.gov/Archives/edgar/data/87347/000119312526190101/
- https://www.sec.gov/Archives/edgar/data/87347/000119312525246028/
- https://www.sec.gov/Archives/edgar/data/87347/000119312526021017/
- https://www.slb.com/newsroom/press-release/2026/pr-2026-0928-q3-earnings-call-announcement
- https://investorcenter.slb.com/static-files/b47909ec-13c4-4c09-a29b-853b04eb6558
- https://investorcenter.slb.com/static-files/1139ee84-e9dd-4cd2-abb9-cddc095b1c23
- https://investorcenter.slb.com/static-files/d1fa7696-b0a7-40bb-a77f-b6ca62def018
- https://investorcenter.slb.com/static-files/55302a14-51da-4f56-a671-09e64072a3ba
- https://www.sec.gov/Archives/edgar/data/87347/000119312526375358/d106278d8k.htm
- https://www.reuters.com/world/middle-east/saudi-oil-supply-hits-more-than-three-decade-low-after-houthi-attacks-iea-says-2026-09-11/
- https://www.reuters.com/business/energy/saudi-arabia-restarts-east-west-oil-pipeline-resume-exports-yanbu-sources-say-2026-09-22/
- https://www.iraqoilreport.com/news/iraqi-production-surges-on-partial-export-recovery-47982/
- https://drillingcontractor.org/ades-resumes-all-suspended-offshore-rigs-in-saudi-arabia-79312
- https://img.ogj.com/files/base/ebm/ogj/document/2026/09/6aa818bd5277f22c862c106e-international_rig_count.pdf
- https://finance.yahoo.com/markets/stocks/articles/earnings-preview-slb-slb-q3-130008802.html
- https://www.finhacker.cz/en/stocks/schlumberger-market-cap/
- https://equibles.com/stocks/slb/investor-relations
- https://markets.businessinsider.com/news/stocks/slb-price-target-lowered-to-56-from-57-at-bofa-1036594869
- https://www.kpler.com/blog/update-middle-eastern-supply-recovery-postponed-to-early-2027
- https://ir.halliburton.com/news-releases/news-release-details/halliburton-third-quarter-2026-earnings-conference-call
- https://insight.factset.com/sp-500-earnings-season-update-july-31-2026
- https://oilprice.com/Latest-Energy-News/World-News/Gulf-Producers-Find-Workarounds-As-Hormuz-Tensions-Persist.html
- https://beta.earningswhispers.com/stocks/SLB
- https://www.sec.gov/Archives/edgar/data/87347/000095017024116535/R4.htm
- https://www.sec.gov/Archives/edgar/data/87347/000095017025058413/R4.htm
- https://www.sec.gov/Archives/edgar/data/87347/000095017025098217/