Earnings ·
Oil States reports Q3 net income of $0.05 per share on $170M revenue
OISOil States International, Inc
Oil States International reported third-quarter 2026 revenues of $169.8 million, an 8% sequential increase, driven by strong demand in its Offshore Manufactured Products and Downhole Technologies segments. The company posted net income of $3.1 million, or $0.05 per share, compared to $5.9 million, or $0.10 per share, in the prior quarter. Adjusted EBITDA reached $20.1 million, while adjusted net income was $8.5 million, or $0.15 per share. The Offshore Manufactured Products segment saw revenues rise 13% sequentially to $104.4 million, with backlog growing 7% to $482 million and a book-to-bill ratio of 1.3x. Corporate operating losses widened due to $5.5 million in charges related to executive transition costs and facility exits. The company also purchased $4 million of common stock and approved a new $50 million repurchase authorization expiring in October 2028. Oil States International is a global provider of manufactured products and services to customers in the energy, military, and industrial sectors.