Oil States International Q1 revenue falls 9%, misses estimates

Oil States International

05/05/2026 12:09

Overview

U.S. energy equipment maker's Q1 revenue fell 9% yr/yr, missing analyst expectations

Adjusted EPS for Q1 met analyst expectations

Company cites contract delays, higher costs from geopolitical conflict and project deferrals

Outlook

Company says ongoing geopolitical conflict and Middle East uncertainty may impact near-term activity

Oil States expects to face near-term volatility but says it is positioned for longer-term changes

Result Drivers

CONTRACT DELAYS & PROJECT DEFERRALS - Co said heightened geopolitical conflict and uncertainty in the Middle East contributed to contract award delays and transitory project deferrals, reducing revenue and increasing costs

HIGHER INPUT COSTS - Planned profitability improvements in Downhole Technologies were delayed by higher raw material and shipping costs

U.S. LAND EXIT & RESTRUCTURING - Co continued to exit certain U.S. land-based operations, incurring restructuring and asset impairment charges

Company press release: ID:nBw5WkDRRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$145.4 mln
$153.79 mln (4 Analysts)
Q1 Adjusted EPS
Meet
$0.09
$0.09 (4 Analysts)
Q1 EPS
$0.02
Q1 Net Income
$1.1 mln
Q1 Adjusted EBITDA
$17 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 $13.50, about 20.5% above its May 4 closing price of $11.20

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)