Core Laboratories reported October 28 that third-quarter revenue reached $132.1 million, increasing 6% from the preceding quarter but declining 2% from a year earlier.
The Houston-based provider of petroleum reservoir services and products reported operating income of $12.1 million and diluted earnings of 12 cents a share under U.S. accounting rules.
Excluding certain items, operating income was $12.6 million and earnings were 16 cents a share. Those adjusted measures improved from the previous quarter but remained below their year-earlier levels, according to the company.
Chief Executive Larry Bruno said revenue increased sequentially in both operating segments. He attributed the improvement to international demand for reservoir-description services and stronger U.S. product sales in the production-enhancement business.
For the fourth quarter, Core Laboratories forecast revenue of $128.5 million to $134.5 million and earnings of 12 cents to 20 cents a share. The forecast assumes a 25% effective tax rate and excludes foreign-exchange gains and losses.
The company also reported $1.7 million in third-quarter free cash flow and about $1.1 million spent on share repurchases.
Sources Core Laboratories third-quarter financial results, October 28, 2026.