Oil States International (OIS) investor relations material

Strategic transformation and market positioning

• Shifted focus to offshore and international markets, increasing revenue share from these segments to 74% as of June 2026, up from 54% in 2023.

• Leveraged advanced technologies and differentiated offerings to secure leading positions in specialized offshore and international markets.

• Maintained high-margin domestic product lines while de-emphasizing commoditized markets.

• Achieved #1 global market share (80-85%) in FlexJoint Connector technology for offshore floating production facilities.

• Expanded presence in Latin America, Middle East, and West Africa, driving international growth.

Financial performance and capital allocation

• 1H26 consolidated revenues reached $302 million with adjusted EBITDA of $36 million.

• Offshore Manufactured Products contributed 61% of 1H26 revenue and 67% of adjusted segment EBITDA.

• Backlog for Offshore Manufactured Products hit $451 million as of June 30, 2026, the highest in a decade, with a book-to-bill ratio of 1.1x.

• Cash on hand exceeded debt by $1 million as of June 30, 2026, reflecting a strong balance sheet.

• Repurchased $5 million in common stock and retired $53 million in convertible notes in 1H26.

Growth drivers and innovation

• Introduced new technologies such as MPD Systems, TowerLok Wind Tower Connector, and EPIC Perforating Systems, supporting incremental revenue streams.

• Expanded high-margin rental and service lines, especially in offshore and international markets.

• Developed emerging revenue opportunities in areas like floating wind platforms, geothermal, and carbon capture.

• Recognized with multiple industry awards for innovation, safety, and engineering excellence in 2025 and 2026.