Oil States (OIS) Reports Q1 2026 Earnings with Revenue Decline and Backlog Growth
Oil States (OIS) reported Q1 2026 earnings with total revenue of $145 million, a sequential decline attributed to seasonal factors, revenue recognition timing, Middle East-related delays, and soft U.S. land market conditions. The company noted a 20% increase in offshore/manufactured products backlog to $430 million, while offshore and international projects accounted for 72% of first-quarter revenue.
Topics: backlog earnings EBITDA net income revenue segment performance