SLB Limited sees improvement, bets on data centers with Q4 revenue of $9.745B, EPS at 55 cents, net income $824M. Margins down YoY.

SLB Limited (NYSE: SLB) reported fourth-quarter results with revenue reaching $9.745 billion, a 5% increase from a year earlier, surpassing the $9.547 billion analyst expectation. Diluted GAAP earnings per share were 55 cents, down from 77 cents the previous year, while diluted EPS, excluding charges, stood at 78 cents, down from 92 cents a year before, but above the 74-cent estimate. Net income attributable to SLB amounted to $824 million, a decrease from $1.095 billion in the prior year. Adjusted EBITDA was $2.331 billion, lower than the $2.382 billion recorded the previous year. Despite lower margins year over year, there was a sequential improvement. The fourth-quarter cash flow from operations totaled $3.01 billion, and free cash flow amounted to $2.29 billion, which included $71 million of ChampionX acquisition-related payments. These results reflected an increase in global upstream activity stabilization, supported by growth in Production Systems and Digital, with strong year-end demand and contributions from the ChampionX acquisition.