What to Expect From Schlumberger’s Q1 2025 Earnings Report

Headquartered in Houston and founded in 1926, Schlumberger Limited (SLB) began as Socie´te´ de Prospection E´lectrique, pioneering subsurface exploration. Today, valued at a market cap of $46.2 billion, it's a global force in energy tech, blending digital precision with decades of field grit. From decoding reservoirs to building wells, boosting production, or advancing carbon management, Schlumberger’s four divisions - Digital & Integration, Reservoir Performance, Well Construction, and Production Systems - tackle the full energy lifecycle.
With tools that read the Earth and systems that shape the future, Schlumberger powers the industry’s most complex operations - above and below the surface - while steering toward a lower-carbon world. The multinational oilfield services company is expected to release its Q1 2025 earnings before the market opens on Friday, April 25.
Ahead of this event, analysts expect Schlumberger's adjusted earnings of $0.74 per share, down 1.3% from $0.75 per share reported in the same quarter last year. On a positive note, the company has surpassed Wall Street's bottom-line estimates in each of the past four quarters.
For fiscal 2025, analysts monitoring the company projects Schlumberger to report an adjusted EPS of $3.35, a decline of 1.8% from $3.41 in fiscal 2024. However, its bottom line is expected to grow by 4.5% annually to $3.50 per share in fiscal 2026.
Shares of Schlumberger have declined 37.1% over the past 52 weeks, notably lagging behind the S&P 500 Index's ($SPX) 3.2% gain and the Energy Select Sector SPDR Fund's (XLE) 19.3% dip during the same time frame.
SLB stock faced a turbulent ride over the past months, echoing the broader energy sector's challenges. The implementation of tariffs by President Trump has sparked a global trade war. This has led to a significant downturn in the U.S. stock market. The resulting economic uncertainty has dampened oil demand forecasts, contributing to a decline in oil prices. As a leading oilfield services company, Schlumberger's performance is closely tied to the health of the oil industry, making it susceptible to these broader market dynamics.
However, shares of Schlumberger climbed over 6% following its solid Q4 2024 results on Jan. 17. The company surpassed Wall Street expectations, generating revenue of $9.3 billion. Meanwhile, non-GAAP EPS rose 7% year over year to $0.92 and exceeded the projected $0.90 estimate. SLB’s Digital & Integration segment grew 6% sequentially and 10% annually, driven by key collaborations and the launch of its Lumi AI platform. Additionally, the company's move to raise its quarterly dividend by 3.6% further boosted investor sentiment.
Though SLB stock has lagged over the past year, analysts remain upbeat about its potential. It has a consensus rating of “Strong Buy” from the 25 analysts covering the stock. Out of that, 18 analysts suggest a "Strong Buy," three give a "Moderate Buy," and four analysts are playing it safe with a "Hold” rating. Its mean price target of $52.61 represents a 54.9% premium to current price levels.
On the date of publication, Sristi Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.