SLB Q1 2026 Earnings Preview: Oilfield Services Giant Reports as Brent Hits $103 and Hormuz Burns

# SLB Q1 2026 Earnings Preview: Oilfield Services Giant Reports as Brent Hits $103 and Hormuz Burns

> **Quick answer:** SLB (Schlumberger) reports Q1 2026 earnings at 7am ET on April 24 with Wall Street expecting $0.52 EPS and $8.65B revenue. The company already pre-cut its outlook by 6-9 cents due to Middle East operational disruptions. With Brent crude at $103.68 and the Strait of Hormuz under military pressure, SLB faces the sharpest conflict paradox in the energy sector: high oil prices should be bullish for oilfield services, but active war is shutting down the actual operations that generate its revenue.

SLB Schlumberger Q1 2026 earnings drop at 7am ET Friday April 24 — and no earnings report today carries a more direct read-through to the Iran war than this one. The world's largest oilfield services company derives approximately 35% of its total revenue from the Middle East, making it a live instrument measuring exactly how much the Hormuz conflict is costing the global energy industry in operational terms.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## What Analysts Expect: The Numbers Under Pressure

Wall Street's Q1 2026 consensus for SLB: