Schlumberger NV

NYSE:SLBUnited States

06:17 AM EDT, 04/29/2024 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contac...

(UNAUDITED)
Three Months Ended March 31, December 31, March 31, --------- -------------- ----------- (in thousands) 2024 2023 2023 --------- -------------- ----------- Production Chemical Technologies Segment operating profit $ 87,832 $ 102,179 $ 66,314 Non-GAAP adjustments 3,933 11,194 23,115 Depreciation and amortization 26,266 25,734 24,179 ------- --------- ------- Segment adjusted EBITDA $118,031 $ 139,107 $113,608 ======= ========= ======= Production & Automation Technologies Segment operating profit $ 28,470 $ 22,110 $ 34,792 Non-GAAP adjustments 2,076 1,231 914 Depreciation and amortization 29,794 29,459 24,237 ------- --------- ------- Segment adjusted EBITDA $ 60,340 $ 52,800 $ 59,943 ======= ========= ======= Drilling Technologies Segment operating profit $ 44,402 $ 8,679 $ 11,887 Non-GAAP adjustments (29,883) 109 -- Depreciation and amortization 1,555 1,573 1,576 ------- --------- ------- Segment adjusted EBITDA $ 16,074 $ 10,361 $ 13,463 ======= ========= ======= Reservoir Chemical Technologies Segment operating profit $ 3,746 $ 3,907 $ 1,987 Non-GAAP adjustments 16 4 810 Depreciation and amortization 1,584 1,590 1,617 ------- --------- ------- Segment adjusted EBITDA $ 5,346 $ 5,501 $ 4,414 ======= ========= ======= Corporate and other Segment operating profit $(24,694) $ (22,947) $(23,167) Non-GAAP adjustments 2,299 (839) (969) Depreciation and amortization 381 354 5,101 Interest expense, net 13,935 13,808 12,466 ------- --------- ------- Segment adjusted EBITDA $ (8,079) $ (9,624) $ (6,569) ======= ========= =======