Oil States International Inc
XMUN:OI2

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Oil States International Inc Logo
Oil States International Inc
XMUN:OI2
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Price: 7.065 EUR -3.35% Market Closed
Market Cap: €450.7m

Oil States International Inc
Investor Relations

Oil States International makes equipment and services used in oil and gas drilling and offshore production. Its core products include specialized hardware for well construction, subsea equipment, and tools that help energy companies drill, complete, and support wells in tough environments. It also provides related services tied to installing and maintaining that equipment. Its main customers are oil and gas producers, drilling contractors, and offshore operators that need dependable equipment to build wells and keep them working. Oil States usually sells through direct contracts and service work, so it earns money when customers buy its equipment, rent certain products, or pay for installation and field support. What makes the business different is that it sits in a technical part of the energy supply chain. Instead of selling fuel, it sells the specialized parts and services that make drilling and offshore production possible. That gives it a role as a supplier to energy companies working in harsh, high-risk environments where reliability matters a lot.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 5, 2026
AI Summary
Q1 2026

Revenue: Oil States reported first-quarter revenue of $145 million and adjusted EBITDA of $17 million, with results pressured by seasonal timing, Middle East delays, and softer U.S. land activity.

Outlook: Management held full-year guidance steady but said the second quarter should improve to $157 million to $162 million of revenue and $18 million to $20 million of EBITDA.

Backlog: Offshore Manufactured Products backlog stayed near a decade high at $430 million, and management still expects full-year book-to-bill of 1x or greater.

Geopolitics: The Middle East conflict delayed awards and raised costs, but management said it reinforces the long-term case for offshore, international, LNG, and military markets.

Balance Sheet: The company ended the quarter with $59 million of cash and no borrowings under its credit agreement, then retired its remaining $53 million convertible notes after quarter-end.

Strategy: Management reiterated a shift toward offshore and international work, saying those markets now make up most of revenue and should support higher-margin, longer-cycle growth.

Key Financials
Revenue
$145 million
Adjusted EBITDA
$17 million
Net income
$1 million
Earnings per share
$0.02
Adjusted net income
$5 million
Adjusted earnings per share
$0.09
Offshore Manufactured Products revenue
$91 million
Offshore Manufactured Products adjusted segment EBITDA
$19 million
Offshore Manufactured Products adjusted segment EBITDA margin
20%
Offshore Manufactured Products backlog
$430 million
Offshore Manufactured Products bookings
$84 million
Offshore Manufactured Products book-to-bill ratio
0.9x
Completion and Production Services revenue
$21 million
Completion and Production Services adjusted segment EBITDA
$6 million
Completion and Production Services adjusted segment EBITDA margin
29%
Downhole Technologies revenue
$32 million
Downhole Technologies adjusted segment EBITDA
$1 million
Working capital investment
$13 million
Net CapEx
$3 million
Cash on hand
$59 million
Borrowings outstanding
$0
Letters of credit outstanding
$13 million
Available liquidity
$112 million
Convertible senior notes retired
$53 million
Earnings Call Recording
Other Earnings Calls

Management

Ms. Cynthia B. Taylor CPA
President, CEO & Executive Director
No Bio Available
Mr. Lloyd A. Hajdik CPA
Executive VP, CFO & Treasurer
No Bio Available
Mr. Philip S. Moses
Executive VP & COO
No Bio Available
Mr. Brian E. Taylor CPA
Senior VP, Controller & Chief Accounting Officer
No Bio Available
Patricia Gil
Director of Investor Relations
No Bio Available
Mr. William E. Maxwell
Corporate Secretary
No Bio Available
Ms. Ellen Pennington
Counsel & Assistant Corporate Secretary
No Bio Available

Contacts

Address
TEXAS
Houston
333 Clay St Ste 4620
Contacts
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