Oil States International Reports Q2 2026 Earnings with Sequential Revenue Growth
Oil States International (OIS) reported second-quarter earnings for 2026 on July 30, showing consolidated revenue of $157 million, an 8% sequential increase driven by growth in Downhole Technologies and Completion and Production Services. Adjusted EBITDA rose to $19 million due to favorable product mix and disciplined execution. The company reported net income of $6 million or $0.10 per share after charges for note extinguishment, while adjusted net income was $8 million or $0.14 per share. The book-to-bill ratio stood at 1.2x with new bookings totaling $114 million in the quarter. Oil States also updated its full-year revenue guidance to between $640 million and $660 million, citing delays from project awards into 2027 due to Middle East conflicts. The company has retired $53 million of convertible senior notes and repurchased shares worth $5 million in Q2.
Tickers: $OIS
Topics: adjusted_ebitda backlog book-to-bill_ratio net_income revenue