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SEC EDGAR 8-KJUL 304 min read$OIS

Oil States Announces Second Quarter 2026 Results

OIL STATES INTERNATIONAL, INC (OIS) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Oil States Announces Second Quarter 2026 Results • Consolidated revenues of $157 million increased 8%, sequentially • Net income of $6 million, or $0.10 per share • Adjusted net income totaled $8 million, or $0.14 per share, excluding charges and credits (a non-GAAP

Original reporting
SEC EDGAR 8-K
Published Jul 30, 2026, 11:02 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Jul 30, 2026, 11:32 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefEarnings
Primary signal
$OIS
Bullish
medium confidence
Mentioned
$OIS
Relevance
7/10
AlphAI data visualization · based on SEC EDGAR 8-K
Decision brief

The 30-second read

$OISBullishMed
01

Why it matters

Traders can update expectations for near-term revenue conversion and margin trajectory using the disclosed sequential improvements, backlog level, and book-to-bill ratio, while monitoring cash flow and debt-related cash usage.

02

Market read

The filing provides fresh quarterly earnings and operating metrics, including a backlog at the highest level in over a decade and a 1.2x quarterly book-to-bill ratio.

03

What to watch

Downhole Technologies showed sequential revenue growth but still had a weaker operating profile earlier in the year; also, the company used significant cash to settle convertible notes, which may affect near-term liquidity metrics.

Relevance 7/10Novelty 7/10Timing: pre-market today (SEC 8-K filed July 30, 2026)

Background

This is an SEC Form 8-K with Item 2.02, reporting Oil States International’s second quarter 2026 financial results and related operating metrics by segment.

Company-level read

Ticker impact

$OISBullishMedium confidence
Context

Oil States reported Q2 2026 results with revenues up 8% sequentially, Adjusted EBITDA up 14%, and backlog at $451M, highest in over a decade.

Expected impact

Likely modest positive bias for the stock as traders focus on backlog/book-to-bill and segment momentum, offset by working-capital cash use.

Evidence & confidence

The filing provides multiple fresh datapoints: sequential revenue and EBITDA improvement, quarterly bookings of $114M with 1.2x book-to-bill, and a $451M backlog. It also discloses cash used in operations ($6.3M) and cash used to settle notes ($50.5M), which can limit immediate enthusiasm.

Market effects

Sector

Signals continued investment appetite in offshore, international, and military markets for oilfield equipment and services.

Regional

Primarily impacts US-listed oilfield services/equipment sentiment; no direct regional macro linkage stated.

Global

Backlog strength suggests sustained global project activity, but the filing does not quantify global capex beyond segment commentary.

Counterpoint

What could challenge this read

Despite higher backlog and EBITDA, operating cash flow was negative and corporate charges were elevated, which could indicate earnings quality concerns.

Key entities

  • issuer
    Oil States International, Inc.

    NYSE-listed oilfield equipment and services company reporting Q2 2026 results, backlog, and cash flow details.

  • segment
    Offshore Manufactured Products segment

    Reported sequential revenue stability and improved operating metrics; backlog totaled $451M company-wide.

  • segment
    Downhole Technologies segment

    Reported sequential revenue growth to $39.7M and improved adjusted EBITDA to $4.2M.

Read at source← All news

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Oil States (OIS) reported Q3 2026 revenues of $170M and adjusted EBITDA of $20M, up 8% and 6% sequentially. Growth was driven by Offshore/Manufactured Products and Downhole Technologies segments. The company's backlog increased to $482M, its highest in 12 years. Oil States expects long-term growth from international markets and differentiated technologies. The company also announced a new $50M share repurchase authorization.

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