# Core Laboratories Reports Sequential Revenue Growth, With Sales Below Last Year

The oilfield services company reported $132.1 million in third-quarter revenue and forecast roughly flat fourth-quarter sales.

By Will Langan | 24X7 News
Published: 2026-10-28T22:08:19.084Z
Updated: 2026-10-28T22:08:19.084Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/core-laboratories-third-quarter-results-october-28-2026

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.

## Sources
- Core Laboratories: Third-Quarter 2026 Results: https://www.prnewswire.com/news-releases/core-lab-reports-third-quarter-2026-results-302922668.html