OIL STATES INTERNATIONAL, INC

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.

Oil States International, Inc. reported strong second-quarter 2026 results, with consolidated revenues of $157 million, an 8% sequential increase. Net income surged to $6 million, or $0.10 per share, and Adjusted EBITDA rose 14% sequentially to $19 million. The company achieved a decade-high backlog of $451 million in its Offshore Manufactured Products segment and saw Downhole Technologies revenues reach their highest level since Q2 2023. Additionally, Oil States retired $53 million in convertible senior notes and purchased $5 million of its common stock.

Oil States International, Inc. and its President and CEO, Lloyd A. Hajdik, entered into an amendment to his Executive Agreement on July 9, 2026. This amendment restructures the calculation of severance benefits payable upon certain qualifying termination events. Under the revised terms, Mr. Hajdik would receive 3.0 times the sum of his Termination Base Salary and Target AICP if terminated within 24 months following a Change of Control, or 1.5 times if terminated without Cause outside that period.

Oil States International, Inc. reported a significant decline in its first-quarter 2026 financial results, with net income falling by 65% to $1.1 million and revenues decreasing by 9% to $145.4 million compared to the prior year. The company also completed the retirement of its $52.7 million 2026 Notes on April 1, 2026, utilizing a combination of cash, revolving credit, and common stock. Additionally, the company entered into a new $125 million Cash Flow Credit Agreement.

Oil States International reported Q1 2026 revenues of $145.4 million, net income of $1.1 million ($0.02 per share), and Adjusted EBITDA of $16.7 million. These results were tempered by geopolitical conflicts and project deferrals. The company strengthened its balance sheet by retiring $52.7 million in convertible senior notes and secured two 2026 Spotlight on New Technology ® awards for its GeoLok ™ Geothermal Wellhead and MPD Drill Ahead Tool.