Oilfield reservoir manager Core Labs Q3 revenue beats estimates on strong demand

Overview

• Core Labs Q3 revenue of $134.5 mln beats analyst expectations, per LSEG data

• Company repurchased 462,248 shares, valued at $5.0 mln

• Core Labs completed acquisition of Solintec, expanding Brazilian operations

Outlook

• Core Labs projects Q4 revenue between $132 mln and $136 mln

• Company expects Q4 2025 EPS of $0.18 to $0.22

• Reservoir Description Q4 revenue projected at $88 mln to $90 mln

Result Drivers

• GLOBAL DEMAND - Sequential revenue growth driven by global demand for proprietary services and products

• ASIA-PACIFIC PROGRAMS - Committed exploration and development programs in Asia-Pacific region contributed to results

• SOLINTEC ACQUISITION - Acquisition of Solintec expanded Brazilian operations and capabilities

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for Core Laboratories Inc is $14.00, about 14% above its October 21 closing price of $12.04

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nPnb5F1n0a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)