Quarterly ResultJul 30, 2026, 03:31 PM
Oil States Q2 Net Income Jumps 110% to $5.91M; EPS $0.10
AI Summary
Oil States International, Inc. reported a significant increase in net income and EPS for the second quarter of 2026, with net income jumping 110% to $5.91 million and basic EPS rising 100% to $0.10, despite a slight decrease in revenues to $156.66 million. The company also completed the retirement of its 2026 Notes, incurring a pre-tax loss of $3.6 million, and entered a new credit agreement, substantially reducing its total debt. Additionally, the company recognized costs associated with an executive transition and continued its share repurchase program.
Key Highlights
- Q2 2026 net income increased 110% to $5.91 million from $2.81 million year-over-year.
- Q2 2026 basic earnings per share rose 100% to $0.10 from $0.05 year-over-year.
- Q2 2026 revenues were $156.66 million, down from $165.41 million in Q2 2025.
- Retired $52.7 million of 2026 Notes on April 1, 2026, resulting in a $3.6 million pre-tax loss.
- Entered a new Cash Flow Credit Agreement, reducing total debt to $18.43 million by June 30, 2026.
- Recognized $1.7 million in costs related to CEO Cindy B. Taylor's transition to Senior Advisor.
- Repurchased 583,541 shares for $5.1 million during the first six months of 2026.
- Offshore Manufactured Products segment revenue was $92.72 million in Q2 2026.
Price Impact
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