Oil States International Q2 revenue rises 8%

Oil States International

30/07/2026 12:47

Overview
Energy equipment maker's Q2 revenue rose 8% sequentially but missed analyst expectations
Adjusted net income for Q2 totaled $8 mln, or $0.14 per share
Company repurchased $5 mln of stock and retired $53 mln in convertible notes

Outlook
Company cites strong backlog and improving activity in offshore, international and military markets
Oil States says it is in early stages of increased customer investment
Company remains focused on growing backlog, expanding margins and improving cash generation

Result Drivers
CUSTOMER AWARD TIMING - Co said Q2 revenue growth was tempered by timing of certain customer awards
BACKLOG GROWTH - Offshore Manufactured Products backlog rose to highest level since 2015, aided by a significant contract award
SEGMENT IMPROVEMENT - Downhole Technologies and Completion and Production Services segments reported sequential revenue gains

Company press release: ID:nBw8GYmcha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$157 mln
$159.64 mln (4 Analysts)
Q2 EPS
 
$0.10
 
Q2 Net Income
 
$6 mln
 
Q2 Adjusted EBITDA
 
$19 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy"
Wall Street's median 12-month price target for Oil States International Inc is $12.00, about 54.8% above its July 29 closing price of $7.75
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
July 29 - Oilfield equipment maker Cactus beats Q2 revenue estimates; hikes FY capex view
July 29 - Core Laboratories Q2 revenue falls as geopolitical disruptions weigh
July 27 - Baker Hughes flags lower spending by oil and gas producers in 2026

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)