Oil States International Reports Q2 2026 Earnings
Oil States International (OIS) reported second-quarter revenues of $157 million for the period ending July 30, 2026. This marks an 8% sequential increase compared to previous quarters and was driven by growth in its Downhole Technologies and Completion and Production Services segments. Adjusted EBITDA rose 14% year-over-year to $19 million due to favorable product mix and disciplined execution. Despite ongoing geopolitical tensions, particularly in the Middle East, which caused delays in contract awards, OIS maintained a book-to-bill ratio of 1.2x during Q2. The company noted that while near-term revenue conversion has been affected by market volatility and supply disruptions, long-term offshore and international opportunities remain intact. OIS expects continued demand for secure energy supplies to drive deepwater investment globally as national oil companies refocus on production capacity expansion post-Middle East stabilization.
Tickers: $OIS
Topics: energy financial results oil transcript