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Core Laboratories Inc. (NYSE: CLB) delivers specialized reservoir optimization and production enhancement solutions for the global energy sector. This page aggregates official announcements, financial disclosures, and strategic developments from one of the oilfield services industry's most innovative technology providers.
Investors and industry professionals will find timely updates on CLB's proprietary technologies like RAPID™ data systems and STIMGUN™ well productivity solutions. The repository includes earnings reports, partnership announcements, and operational updates from CLB's 70+ global locations.
Key content categories cover reservoir analytics advancements, international project milestones, and sustainability initiatives including carbon capture applications. All materials are sourced directly from company communications to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to CLB's latest developments in hydrocarbon recovery optimization and energy efficiency technologies. Check regularly for updates impacting international oilfield services markets and enhanced oil recovery strategies.
Core Laboratories (NYSE: CLB) has announced its fourth quarter 2024 earnings conference call schedule. The call will take place on January 30, 2025, at 7:30 a.m. CST / 8:30 a.m. EST, featuring CEO Larry Bruno, CFO Chris Hill, and SVP Corporate Development Gwen Gresham. The earnings release will be published after market close on January 29, 2025.
The company will provide a listen-only webcast through their website, with replay and transcript available afterward. Core Laboratories operates as a leading provider of reservoir description and production enhancement services, maintaining over 70 offices across more than 50 countries, serving all major oil-producing regions globally.
Core Laboratories (NYSE: CLB) reported strong Q3 2024 results with revenue of $134.4 million, up 3% sequentially and 7% year-over-year. Operating income reached $19.8 million, with operating margins ex-items of 14%, up 100 basis points sequentially. The company achieved $0.25 EPS and generated $10.4 million in free cash flow. Net debt was reduced by $11.8 million, bringing the debt leverage ratio to 1.47. Reservoir Description revenue grew to $88.8 million, while Production Enhancement posted $45.6 million. The company continues to expand internationally and in Carbon Capture and Sequestration projects, despite some headwinds from geopolitical conflicts and weather-related delays.
Core Laboratories (NYSE: CLB) has announced its third quarter 2024 conference call, scheduled for October 24, 2024 at 7:30 a.m. CDT / 8:30 a.m. EDT. The webcast will feature Larry Bruno (Chairman and CEO), Chris Hill (CFO), and Gwen Gresham (SVP Corporate Development and Investor Relations) discussing financial and operational results. An earnings press release will be issued after market close on October 23rd.
Participants can access the live webcast through the company's website at www.corelab.com. A Podcast and replay will be available following the call. For telephone access, contact Lena Brennan at lena.brennan@corelab.com for dial-in information.
Core Laboratories is a leading provider of reservoir description and production enhancement services, with over 70 offices in more than 50 countries worldwide.
Core Laboratories Inc. (NYSE: CLB) reported Q2 2024 revenue of $130.6 million, up slightly sequentially and year-over-year. Operating income was $16.0 million, or $16.4 million ex-items, up 10% sequentially and 5% year-over-year. GAAP EPS was $0.19, or $0.22 ex-items, up 16% sequentially and 5% year-over-year. Free cash flow improved to $14.3 million, and net debt was reduced by $15.8 million.
Reservoir Description revenue grew 2% sequentially to $86.3 million, while Production Enhancement revenue slightly decreased to $44.3 million. The company maintains a constructive outlook on international upstream projects for 2024 and anticipates sustainable client activity growth in the years ahead.
Core Laboratories (NYSE: CLB) will host its second quarter 2024 conference call on July 25, 2024, at 7:30 a.m. CDT / 8:30 a.m. EDT. CEO Larry Bruno, CFO Chris Hill, and SVP Gwen Gresham will discuss the company's financial and operational results. The earnings press release will be available on Core's website after market close on July 24, 2024. To participate in the live webcast, visit www.corelab.com at least fifteen minutes before the call starts. A podcast and replay will be available on the company's website shortly after the call and will remain for 10 days. For phone access, contact Lena Brennan at lena.brennan@corelab.com for the dial-in number.
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