Earnings summaries and quarterly performance for OIL STATES INTERNATIONAL.
Executive leadership at OIL STATES INTERNATIONAL.
Cindy Taylor
Detailed
Chief Executive Officer and President
CEO
BT
Brian Taylor
Detailed
Senior Vice President, Controller and Chief Accounting Officer
LH
Lloyd Hajdik
Detailed
Executive Vice President, Chief Financial Officer & Treasurer
SM
Scott Moses
Detailed
Executive Vice President and Chief Operating Officer
Board of directors at OIL STATES INTERNATIONAL.
Research analysts who have asked questions during OIL STATES INTERNATIONAL earnings calls.
JR
James Rollyson
Raymond James Financial, Inc.
3 questions for OIS
Also covers: AESI, AROC, HLX +8 more
Stephen Gengaro
Stifel Financial Corp.
3 questions for OIS
Also covers: ACDC, AESI, AMRC +24 more
Sean Mitchell
Daniel Energy Partners
2 questions for OIS
Also covers: AESI, ARIS, CLB +10 more
Blake McLean
Daniel Energy Partners
1 question for OIS
Also covers: AROC, DNOW, DTI +7 more
CM
Charles Minervino
Susquehanna International Group
1 question for OIS
Also covers: DNOW, MRC, RES
JR
Jim Rollyson
Raymond James Financial
1 question for OIS
Also covers: AESI, AROC, HLX +7 more
JD
John Daniel
Daniel Energy Partners
1 question for OIS
Also covers: ACDC, CLB, CVEO +19 more
Patrick Ouellette
Stifel Financial Corp.
1 question for OIS
Also covers: EOSE, EVGO, TTI
Recent press releases and 8-K filings for OIS.
Oil States International Enters New Credit Agreement
OIS
Debt Issuance
- Oil States International entered into an amended and restated credit agreement, the Cash Flow Credit Agreement, providing $125 million in total commitments, consisting of a $75 million revolving credit facility and a $50 million multi-draw term loan facility.
- The new credit agreement, which matures on January 28, 2030, replaces the company's existing $125 million asset-based revolving credit facility.
- Key covenants include maintaining an interest coverage ratio of at least 3.00 to 1.00 and a maximum total net leverage ratio of no greater than 2.50 to 1.00 (or 3.25 to 1.00 during certain periods).
- As of December 31, 2025, $53 million principal amount of 4.75% convertible senior notes due April 1, 2026, remained outstanding, which the company intends to extinguish using a combination of cash on-hand ($70 million as of December 31, 2025) and/or borrowings under the new credit agreement.
2 days ago
Oil States (OIS) Discusses Strategic Shift, Strong Free Cash Flow, and Debt Reduction
OIS
Guidance Update
Share Buyback
New Projects/Investments
- Oil States (OIS) reported a market capitalization of $372 million as of November 18 and its highest backlog in over a decade, totaling $399 million as of September 30.
- The company is strategically shifting its focus to offshore and international basins, high-grading its U.S. domestic business mix, and exiting commoditized business lines to enhance margins and free cash flow.
- Oil States anticipates strong free cash flow generation of likely north of $100 million this year, resulting in a TTM free cash flow yield of 19%.
- With net debt at $38 million as of September 30, the company expects to achieve net debt zero by year-end and is accelerating share repurchases.
- For Q4, the company guided to strong revenue growth in its Offshore Manufactured Products segment, projected to be up 13%-18% sequentially, with adjusted EBITDA of $21 million-$22 million.
Dec 10, 2025, 3:45 PM
Oil States (OIS) Highlights Strong Free Cash Flow, Strategic Shift to Offshore, and Record Backlog at Investor Conference
OIS
Guidance Update
Share Buyback
Revenue Acceleration/Inflection
- Oil States (OIS) anticipates generating over $100 million in free cash flow this year, expecting to reach net debt zero by year-end from $38 million as of September 30, and is accelerating share repurchases.
- The company is strategically refocusing on offshore and international markets, moving away from commoditized U.S. domestic business lines to drive more stable revenue, higher margins, and free cash flow.
- Oil States reported its highest backlog in over a decade, totaling $399 million as of September 30, and guides for strong Q4 revenue growth of 13%-18% sequentially in its Offshore Manufactured Products segment, with adjusted EBITDA of $21-$22 million.
- With a market capitalization of $372 million as of November 18, the company is trading at 5.2 times with a trailing twelve-month (TTM) free cash flow yield of 19%.
Dec 10, 2025, 3:45 PM
Oil States International Reports Q3 2025 Results, Highlights Strong Offshore Performance and Q4 Outlook
OIS
Earnings
Guidance Update
Demand Weakening
- Oil States International reported revenues of $165 million and adjusted consolidated EBITDA of $21 million for Q3 2025.
- The company generated $31 million in cash flow from operations, a 105% sequential increase, and $23 million in free cash flow. They also repurchased $4 million of common stock and $6 million of convertible senior notes.
- The Offshore Manufactured Products segment delivered strong performance with revenues increasing 2% sequentially, and backlog reaching $399 million, the highest since June 2015, driven by $145 million in bookings and a 1.3 times book-to-bill ratio.
- The Downhole Technologies segment experienced an adjusted EBITDA loss of $1 million due to tariffs and lower international activity, while 75% of consolidated revenues were generated from resilient offshore and international projects, reflecting a strategic shift.
- For Q4 2025, consolidated revenues are expected to increase 8% to 13% sequentially, with adjusted EBITDA projected between $21 million and $22 million. Annual cash flow from operations is anticipated to exceed $100 million.
Oct 31, 2025, 2:00 PM
Oil States Reports Q3 2025 Results and Provides Q4 Guidance
OIS
Earnings
Guidance Update
Share Buyback
- Oil States reported Q3 2025 revenues of $165 million and adjusted consolidated EBITDA of $21 million, with adjusted net income totaling $5 million, or $0.08 per share.
- The company generated $31 million in cash flow from operations, a 105% sequential increase, and $23 million in free cash flow. Full-year 2025 cash flow from operations is expected to exceed $100 million.
- 75% of consolidated revenues were generated from offshore and international projects, reflecting a strategic shift, with the Offshore Manufactured Products segment's backlog growing to $399 million and a quarterly book-to-bill ratio of 1.3x.
- For Q4 2025, consolidated revenues are expected to increase 8%-13% sequentially, and adjusted EBITDA is projected to range from $21 million-$22 million. The company also repurchased $4 million of common stock and $6 million of convertible senior notes.
Oct 31, 2025, 2:00 PM
Oil States International Reports Q3 2025 Results and Provides Q4 Outlook
OIS
Earnings
Guidance Update
Demand Weakening
- 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.
- 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.
- 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.
- 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.
- 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.
Oct 31, 2025, 2:00 PM
Oil States International Announces Third Quarter 2025 Results
OIS
Earnings
Share Buyback
New Projects/Investments
- 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.
- The company generated $31 million in cash flows from operations during the third quarter of 2025.
- In Q3 2025, Oil States purchased $6 million principal amount of convertible senior notes and $4 million of common stock.
- 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. The segment's backlog totaled $399 million as of September 30, 2025, marking its highest level since June 2015.
- Adjusted EBITDA for the third quarter of 2025 was $21 million. 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.
Oct 31, 2025, 11:01 AM
Oil States International Announces Third Quarter 2025 Results
OIS
Earnings
Share Buyback
Debt Issuance
- 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.
- 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.
- 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.
- 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.
Oct 31, 2025, 11:00 AM
Quarterly earnings call transcripts for OIL STATES INTERNATIONAL.
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