Oil States Q2 revenue misses expectations

Oil States International

31/07/2025 12:13

Overview

Oil States Q2 revenue rises 3% sequentially, misses analyst expectations

Adjusted EBITDA for Q2 at $21 mln, reflecting operational improvements

Co repurchased $7 mln of common stock and $15 mln of convertible notes

Outlook

Company notes ongoing U.S. land restructuring efforts impacting future revenue mix

Oil States sees strong offshore product backlog supporting future growth

Company highlights industry-wide reduction in U.S. land activity

Oil States investing in new manufacturing facility to enhance future capabilities

Result Drivers

OFFSHORE MANUFACTURED PRODUCTS - Segment revenues increased 15% sequentially, driven by strong demand and backlog growth

U.S. LAND CHALLENGES - Completion and Production Services and Downhole Technologies segments faced reduced activity, impacting revenues

RESTRUCTURING IMPACT - Ongoing U.S. land-focused restructuring efforts led to downsizing charges and a decline in U.S. land-driven revenue mix

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$165 mln
$171.10 mln (4 Analysts)
Q2 EPS
$0.05
Q2 Net Income
$3 mln
Q2 Adjusted EBITDA
$21 mln
Q2 Adjusted Free Cash Flow
$15 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 $6.50, about 13.4% above its July 30 closing price of $5.63

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw6hjb55a

(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.)