Oil States Q4 revenue misses estimates, adjusted EPS beats

Oil States International

20/02/2026 12:07

Corrects Q4 Adjusted Free Cash Flow in Key Details table to $53.6 mln, from $50 mln

Overview

Energy sector provider's Q4 revenue missed analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company purchased $50 mln principal amount of convertible senior notes

Outlook

Oil States entered new credit agreement for borrowings up to $125 mln

Backlog in Offshore Manufactured Products segment reached highest level since 2015

Result Drivers

OFFSHORE MANUFACTURED PRODUCTS - Revenue increased 13% sequentially due to strong bookings and backlog growth

COMPLETION AND PRODUCTION SERVICES - Revenue declined 16% due to restructuring efforts, but Adjusted EBITDA margins improved

DOWNHOLE TECHNOLOGIES - Significant asset impairments impacted operating results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$178 mln
$180.16 mln (3 Analysts)
Q4 Adjusted EPS
Beat
$0.13
$0.10 (3 Analysts)
Q4 EPS
-$2.04
Q4 Net Income
-$117.2 mln
Q4 Adjusted EBITDA
$23 mln
Q4 Adjusted Free Cash Flow
$53.6 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 $8.50, about 15% below its February 19 closing price of $10.00

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw8hTngNa

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.)