The company said that, assuming no impact on activity in the Persian Gulf from the conflict, it still expects Q2 revenue to be flattish sequentially.

8-KRegulation FD DisclosureFiled Jun 24, 2025Period of report Jun 24, 2025Summary published (UTC) Oct 14, 2026

Key points

AI summary

The company said that, assuming no impact on activity in the Persian Gulf from the conflict, it still expects Q2 revenue to be flattish sequentially.
The company cited an unfavorable geographic activity mix as affecting margins, and said it now expects company-wide EBITDA, in dollar terms, to be flat sequentially. It said this outlook is slightly below the expectation it shared on its Q1 earnings call.
The company said activity in Saudi Arabia declined ahead of its expectations, with additional rig demobilizations and a pause in Jafurah unconventional activity, and that short-cycle activity in Latin America continued to decline. It said growth in parts of the Middle East and North Africa offset these declines.
The company said its commitment to return a minimum of $4 billion to shareholders in 2025 is unchanged. It said it will provide updated full-year guidance for the second half during its Q2 earnings call.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Revenue Outlook: Flat Sequentially

The company said that, assuming no impact on activity in the Persian Gulf from the conflict, it still expects Q2 revenue to be flattish sequentially.

Source · Based on the filing body and exhibits

Company-Wide EBITDA Flat in Dollar Terms, Slightly Below Outlook from Q1 Earnings Call

The company cited an unfavorable geographic activity mix as affecting margins, and said it now expects company-wide EBITDA, in dollar terms, to be flat sequentially. It said this outlook is slightly below the expectation it shared on its Q1 earnings call.

Source · Based on the filing body and exhibits

Activity Changes in Saudi Arabia and Latin America

The company said activity in Saudi Arabia declined ahead of its expectations, with additional rig demobilizations and a pause in Jafurah unconventional activity, and that short-cycle activity in Latin America continued to decline. It said growth in parts of the Middle East and North Africa offset these declines.

Source · Based on the filing body and exhibits

Minimum $4 billion Shareholder Return Commitment for 2025 Unchanged

The company said its commitment to return a minimum of $4 billion to shareholders in 2025 is unchanged. It said it will provide updated full-year guidance for the second half during its Q2 earnings call.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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