| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 169.76 | 8.4% | 2.8% |
| Total Income | 169.76 | 8.4% | 2.8% |
| Expenditure | 163.43 | 12.8% | 1.9% |
| PBT | 5.25 | 33.7% | 57.2% |
| Net Profit | 3.12 | 47.2% | 64.2% |
| OPM | 3.73% | 3.74pp | 0.86pp |
| NPM | 1.83% | 1.94pp | 0.69pp |
| EPS | 0.05 | 50.0% | 66.7% |
Oil States International Reports Q3 2026 Results
30 Oct 2026 · 1d ago, 4:36 pm
Summary
Oil States International reported third quarter 2026 revenues of $169.8 million, an 8% increase sequentially, driven by strong performance in the Offshore Manufactured Products and Downhole Technologies segments. Net income was $3.1 million ($0.05 per share), with adjusted net income at $8.5 million ($0.15 per share). Adjusted EBITDA stood at $20.1 million. The company highlighted a growing backlog in its Offshore Manufactured Products segment, reaching its highest level since December 2014, and expressed confidence in benefiting from a constructive multi-year offshore and international investment cycle.
Key Highlights
- 1
Consolidated revenues of $169.8 million increased 8% sequentially.
- 2
Net income for the third quarter of 2026 was $3.1 million, or $0.05 per share.
- 3
Adjusted net income totaled $8.5 million, or $0.15 per share, excluding charges.
- 4
Adjusted EBITDA was $20.1 million for the third quarter of 2026.
- 5
Offshore Manufactured Products segment revenues increased 13% sequentially to $104.4 million.
- 6
Backlog in the Offshore Manufactured Products segment grew 7% sequentially to $482 million, the highest level since December 2014.
- 7
Downhole Technologies segment generated revenues of $42.2 million, a 6% sequential increase.
Management Comments
Lloyd Hajdik
Our third quarter results exceeded the guidance we provided back in July and reflect continued execution across our diversified portfolio and the resilience of our offshore and international operations. Revenues increased 8% sequentially, driven by strong demand within our Offshore Manufactured Products and Downhole Technologies segments. We generated Adjusted EBITDA of $20.1 million. Contract bookings in our Offshore Manufactured Products segment increased 18% sequentially to $135 million, resulting in a book-to-bill ratio of 1.3x and backlog reaching its highest level since December 2014. Looking ahead, we remain focused on expanding our backlog, delivering profitable growth and strong cash flows, and returning capital to stockholders through disciplined capital allocation. Backed by our global manufacturing, engineering and service capabilities, strong financial position and ongoing strategic initiatives, we believe Oil States is well positioned to benefit from a constructive multi-year offshore and international investment cycle. Our innovative, technologically advanced product and service offerings, combined with disciplined execution and selective growth investments, provide a strong foundation for sustainable long-term stockholder value creation.
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