Quarterly ResultOct 30, 2026, 02:36 PM
Oil States International Q3 Revenue Up 3% to $170M; Net Income Rises to $3.1M
AI Summary
Oil States International, Inc. reported mixed financial results for the third quarter of 2026. While revenues saw a modest increase to $169.76 million and net income rose to $3.12 million ($0.05/share) from $1.90 million ($0.03/share) year-over-year, nine-month revenues declined to $471.79 million. The company also incurred $5.51 million in pre-tax charges related to executive transition and facility consolidation. Total assets and liabilities decreased, while stockholders' equity saw an increase.
Key Highlights
- Revenues for the three months ended September 30, 2026, were $169.76 million, an increase from $165.18 million in the prior year.
- Net income for the three months ended September 30, 2026, was $3.12 million, or $0.05 per diluted share, up from $1.90 million, or $0.03 per diluted share, in the prior year.
- For the nine months ended September 30, 2026, revenues were $471.79 million, a decrease from $490.52 million in the prior year.
- Net income for the nine months ended September 30, 2026, was $10.13 million, or $0.17 per diluted share, up from $7.87 million, or $0.13 per diluted share, in the prior year.
- Total assets decreased to $844.60 million as of September 30, 2026, from $883.43 million as of December 31, 2025.
- Total liabilities decreased to $261.02 million as of September 30, 2026, from $310.24 million as of December 31, 2025.
- Stockholders' equity increased to $583.58 million as of September 30, 2026, from $573.19 million as of December 31, 2025.
- The company recorded $5.51 million in pre-tax charges related to executive transition costs and facility consolidation in Q3 2026.
Price Impact
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