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Oil States International (OIS) investor relations material
Oil States International Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was $169.8M, up 8% QoQ and 3% YoY; Adjusted EBITDA was $20.1M, up 6% QoQ, and net income was $3.1M, or $0.05/share.
Results exceeded July guidance; growth was led by Offshore Manufactured Products and Downhole Technologies.
Offshore Manufactured Products backlog reached $482M, its highest level since December 2014, with offshore and international projects driving bookings.
Financial highlights
Adjusted net income was $8.5M, or $0.15 diluted/share, versus $4.7M, or $0.08, a year earlier; Q3 included $5.5M of pre-tax charges.
9M revenue was $471.8M versus $490.5M; net income was $10.1M versus $7.9M, and Adjusted EBITDA was $55.8M versus $60.6M.
Q3 operating cash flow was $5.3M, including $9.6M of net working-capital investment; 9M operating cash flow used $2.8M, mainly reflecting working-capital investment.
9M capital expenditures were $10.4M and asset-sale proceeds were $13.1M.
Outlook and guidance
Q4 guidance: revenue of $172M–$184M and Adjusted EBITDA of $20M–$23M.
Q4 free cash flow is expected at $15M–$25M, with working-capital release anticipated subject to seasonal slowing in customer collections.
Management expects 2027 revenue and EBITDA growth broadly in line with market estimates, led by offshore and international markets; U.S. land spending is expected to rise modestly.
Explosive-powder access and raw-material cost pressures are expected to begin moderating in Q1–Q2 2027.
- Offshore growth lifted Q4 results as U.S. land-based activity weakened.OIS
Q4 2023 - Offshore and international focus drives record backlog, strong cash flow, and peer-leading innovation.OIS
Investor presentation - Revenues grew 8% sequentially, net income reached $5.9M, and backlog hit a decade high of $451M.OIS
Q2 2026 - Offshore-focused strategy, strong backlog, and disciplined capital allocation drive value creation.OIS
Planet MicroCap Las Vegas 2026 - Offshore and international growth, record backlog, and strong cash flow drive value upside.OIS
Investor presentation - Transformed to focus on offshore, tech-driven growth, strong cash flow, and robust backlog.OIS
Sidoti Micro-Cap Virtual Conference - Strong offshore growth and record backlog drove Q3 profit and robust cash flow.OIS
Q3 2025 - Q3 loss from restructuring offset by offshore strength and ongoing U.S. operational streamlining.OIS
Q3 2024 - Q4 2024 featured offshore-driven growth, facility sale gains, and 2025 margin improvement guidance.OIS
Q4 2024
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