James Rollyson

Stephen Gengaro

Sean Mitchell

Blake McLean

Charles Minervino

Jim Rollyson

John Daniel

Patrick Ouellette

- Oil States International reported **Q3 2025 revenues of $165 million** and **adjusted consolidated EBITDA of $21 million**, with **adjusted net income of $5 million** or **$0.08 per share**.  **[0001121484_2221409_3]** 
- The company generated **$31 million in cash flow from operations** (a **105% sequential increase**) and **$23 million in free cash flow** in Q3 2025, and anticipates annual cash flow from operations to exceed **$100 million**.  **[0001121484_2221409_1]** **[0001121484_2221409_3]** **[0001121484_2221409_4]** **[0001121484_2221409_10]** 
- **75% of consolidated revenues** were derived from offshore and international projects, contributing to a **$399 million backlog** in the Offshore Manufactured Products segment (the highest since June 2015) and a quarterly book-to-bill ratio of **1.3 times**.  **[0001121484_2221409_1]** 
- U.S. land completion activity declined, leading to a **$1 million adjusted segment EBITDA loss** in the Downhole Technologies segment, primarily due to higher tariff costs on imported gun steel.  **[0001121484_2221409_1]** **[0001121484_2221409_3]** **[0001121484_2221409_5]** 
- For **Q4 2025**, consolidated revenues are expected to increase **8% to 13% sequentially**, with adjusted EBITDA projected to range from **$21 million to $22 million**.  **[0001121484_2221409_4]**

Oil States International Reports Q3 2025 Results and Provides Q4 Outlook

- Oil States International reported **consolidated revenues of $165 million**, **net income of $2 million**, or **$0.03 per share**, and **Adjusted EBITDA of $21 million** for the third quarter of 2025.  **[1121484_78331b84788347cd9e0df1ee0c02d81c_0]** 
- The company generated **cash flows from operations of $31 million** and returned **$10 million** to stakeholders by purchasing **$6 million** of convertible senior notes and **$4 million** of common stock during the quarter.  **[1121484_78331b84788347cd9e0df1ee0c02d81c_0]** **[1121484_78331b84788347cd9e0df1ee0c02d81c_2]** 
- The Offshore Manufactured Products segment's backlog increased **10% sequentially** to **$399 million** as of September 30, 2025, with quarterly bookings of **$145 million** yielding a **book-to-bill ratio of 1.3x**.  **[1121484_78331b84788347cd9e0df1ee0c02d81c_0]** **[1121484_78331b84788347cd9e0df1ee0c02d81c_1]** 
- Revenues for the Offshore Manufactured Products segment increased **2% sequentially** to **$108.6 million**, while Completion and Production Services revenues decreased **6% sequentially** to **$27.5 million**, and Downhole Technologies revenues decreased **1% sequentially** to **$29.0 million**.  **[1121484_78331b84788347cd9e0df1ee0c02d81c_0]**

Oil States International Announces Third Quarter 2025 Results

- Oil States International, Inc. reported **consolidated revenues of $165 million** and **net income of $2 million**, or **$0.03 per share**, for the third quarter of 2025.  **[1121484_0001121484-25-000078_ois_20251031x991.htm:0]** 
- The company generated **$31 million in cash flows from operations** during the third quarter of 2025.  **[1121484_0001121484-25-000078_ois_20251031x991.htm:0]** **[1121484_0001121484-25-000078_ois_20251031x991.htm:1]** 
- In Q3 2025, Oil States purchased **$6 million** principal amount of convertible senior notes and **$4 million** of common stock.  **[1121484_0001121484-25-000078_ois_20251031x991.htm:0]** **[1121484_0001121484-25-000078_ois_20251031x991.htm:1]** **[1121484_0001121484-25-000078_ois_20251031x991.htm:2]** 
- The Offshore Manufactured Products segment's backlog increased **10% sequentially**, with quarterly bookings of **$145 million** yielding a **book-to-bill ratio of 1.3x**.  **[1121484_0001121484-25-000078_ois_20251031x991.htm:0]**  The segment's backlog totaled **$399 million** as of September 30, 2025, marking its highest level since June 2015.  **[1121484_0001121484-25-000078_ois_20251031x991.htm:1]** 
- Adjusted EBITDA for the third quarter of 2025 was **$21 million**.  **[1121484_0001121484-25-000078_ois_20251031x991.htm:0]**  The Completion and Production Services segment's Adjusted EBITDA margin expanded to **29%** in Q3 2025, up from 13% in Q3 2024, due to restructuring actions.  **[1121484_0001121484-25-000078_ois_20251031x991.htm:1]**

OIL STATES INTERNATIONAL (OIS)