Oil States posts Q3 earnings beat and raises visibility with record backlog
Oil States International reported Q3 2026 revenue of $169.76M and adjusted diluted EPS of $0.15, with revenue up 8% sequentially. Offshore Manufactured Products backlog reached $482M, supported by $135M of quarterly bookings and a 1.3x book-to-bill ratio. Management expects Q4 revenue of $172M-$184M and adjusted EBITDA of $20M-$23M, while authorizing an additional share-repurchase program.
Why it matters
The results increase near-term visibility through the record backlog and the company's Q4 outlook. The new authorization gives Oil States additional capacity to return capital to shareholders, while management says international activity and differentiated technologies should support longer-term growth.
Key facts
- 1Oil States reported Q3 revenue of $169.76M and net income of $3.12M. tradingview.com
- 2Adjusted diluted EPS was $0.15, compared with $0.14 in the prior quarter. tradingview.com
- 3Offshore Manufactured Products backlog stood at $482 million, with quarterly bookings of $135 million and a 1.3x book-to-bill ratio. tradingview.com
- 4The company forecast Q4 revenue of $172M-$184M and adjusted EBITDA of $20M-$23M. finance.yahoo.com
- 5Oil States repurchased $4 million of stock during the quarter and authorized a further $50 million repurchase program. tradingview.com
Open questions
- One material reports Q3 revenue of $65M, which conflicts with the approximately $170M revenue reported elsewhere and has no stated basis.
- One material says offshore revenue declined, while other materials describe sequential offshore growth; the comparison basis is not specified.
- Reported earnings beats range from $0.02 to $0.03 because the materials cite different estimate comparisons.
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.