Earnings ·
Oil States International reported second quarter 2026 results with consolidated revenues of $156.7 million, an 8%…
OISOil States International, Inc
Oil States International reported second quarter 2026 results with consolidated revenues of $156.7 million, an 8% sequential increase, and net income of $5.9 million ($0.10 per share). Adjusted EBITDA rose 14% to $19.0 million sequentially. The Offshore Manufactured Products segment saw backlog grow 5% to a record $451 million, supported by $114 million in quarterly bookings and a 1.2x book-to-bill ratio. Downhole Technologies revenues reached $39.7 million, the highest level since Q2 2023. The company retired the remaining $52.7 million principal of its convertible senior notes on April 1, recognizing a $3.6 million loss on extinguishment, and repurchased $5.1 million of common stock during the quarter. Oil States International is a global provider of manufactured products and services to customers in the energy, military, and industrial sectors.