Quarterly ResultApr 29, 2026, 04:54 PM
CLB Q1 Revenue $121.8M, GAAP Loss $0.02/share; Declares $0.01 Dividend
AI Summary
Core Laboratories Inc. reported first quarter 2026 revenue of $121.8 million, which was flat year-over-year but down 12% sequentially. The company posted a GAAP loss per diluted share of $0.02, with EPS ex-items at $0.06, significantly down from the prior quarter and year. Geopolitical instability in the Middle East and severe weather events negatively impacted operations and client activity. Core Lab also announced a Q2 2026 quarterly cash dividend of $0.01 per share and repurchased $0.9 million in common stock.
Key Highlights
- Q1 2026 revenue was $121.8 million, flat year-over-year and down 12% sequentially.
- Q1 2026 GAAP loss per diluted share was $0.02.
- Q1 2026 EPS ex-items was $0.06, down 58% year-over-year and 72% sequentially.
- Declares Q2 2026 quarterly cash dividend of $0.01 per share.
- Repurchased 51,781 shares of common stock for $0.9 million.
- Q1 2026 Free Cash Flow was $0.5 million.
- Reservoir Description revenue was $81.9 million, up slightly year-over-year.
- Production Enhancement revenue was $39.9 million, down 7% year-over-year.