OIL STATES INTERNATIONAL, INC (OIS): Results of Operations and Financial Condition
OIL STATES INTERNATIONAL, INC (OIS) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ois_20260730x991.htm EX-99.1 Document 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 s
How this was made
The 30-second read
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.
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.
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.
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.
Ticker impact
Oil States reported Q2 2026 results with revenues up 8% sequentially, Adjusted EBITDA up 14%, and backlog at $451M, highest in over a decade.
Likely modest positive bias for the stock as traders focus on backlog/book-to-bill and segment momentum, offset by working-capital cash use.
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
Signals continued investment appetite in offshore, international, and military markets for oilfield equipment and services.
Primarily impacts US-listed oilfield services/equipment sentiment; no direct regional macro linkage stated.
Backlog strength suggests sustained global project activity, but the filing does not quantify global capex beyond segment commentary.
Counterpoint
Despite higher backlog and EBITDA, operating cash flow was negative and corporate charges were elevated, which could indicate earnings quality concerns.
Key entities
- issuerOil States International, Inc.
NYSE-listed oilfield equipment and services company reporting Q2 2026 results, backlog, and cash flow details.
- segmentOffshore Manufactured Products segment
Reported sequential revenue stability and improved operating metrics; backlog totaled $451M company-wide.
- segmentDownhole Technologies segment
Reported sequential revenue growth to $39.7M and improved adjusted EBITDA to $4.2M.
