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Core Laboratories Inc. — Third Quarter 2026 Earnings Summary

  • Revenue declined 2% year-over-year to $132.1 million (up 6% sequentially), while GAAP EPS fell 27% YoY to $0.12 (up 46% sequentially); operating income ex-items dropped 24% YoY to $12.6 million.
  • Q4 2026 guidance projects revenue between $128.5M and $134.5M and EPS between $0.12 and $0.20, assuming flat sequential revenue due to Middle East disruptions and U.S. seasonal moderation.
  • Net debt decreased by $200,000 to $93.4 million, maintaining a leverage ratio under 1.50, while the company repurchased $1.1 million in stock and declared a $0.01 quarterly dividend.
  • Long-term outlook remains positive for 2027 driven by global crude demand growth and easing supply disruptions, with specific momentum in Asia-Pacific offshore projects and new technology awards in the Middle East.
Company
CORE LABORATORIES INC
Sector
Energy
Industry
Oil & Gas Equipment & Services