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Oil States International (OIS)
NYSE:OIS
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights substantial operational improvement: revenue and adjusted EBITDA growth, exceptional cash generation, a materially stronger backlog (decade-high), margin expansion in core segments, and strategic repositioning toward higher-margin offshore and international markets. These positives are tempered by a large GAAP net loss driven by a $112 million impairment in Downhole Technologies, ongoing restructuring and facility exits with associated costs, tariff-driven cost pressure on perforating, and near-term seasonality/working-capital headwinds. Management positioned the impairments and restructuring as largely nonrecurring and emphasized deleveraging, share repurchases, and a constructive 2026 guidance profile, indicating confidence in recovery and durable margins.Company Guidance
Revenue and EBITDA Growth in Q4
Consolidated revenues of $178 million in Q4 2025, up 8% sequentially and 8% year-over-year; adjusted consolidated EBITDA of $23 million, up 9% sequentially and at the top of the guided consolidated EBITDA range provided in Q3 2025.
Strong Cash Generation and Deleveraging
Generated $50 million of cash flow from operations in Q4 (up 63% sequentially); full-year cash flow from operations of $105 million (up 129% year-over-year) and free cash flow of $94 million (up 92% year-over-year). Cash on hand exceeded outstanding debt by $15 million at year-end.
Offshore Manufactured Products Surge and Backlog Strength
Offshore Manufactured Products (OMP) delivered revenues of $123 million and adjusted segment EBITDA of $25 million in Q4, with a 20% segment EBITDA margin. OMP reported a sequential increase in revenues and adjusted EBITDA of 1,312%, backlog of $435 million (highest since March 2015), bookings of $160 million, and a book-to-bill of 1.3x.
Improved Margins in Completion & Production Services
Completion & Production Services (CPS) posted $23 million of revenues and $7 million of adjusted segment EBITDA in Q4. Adjusted segment EBITDA margin expanded to 32% from 29% in Q3, reflecting benefits from 2025 restructuring and high-grading of technologies and service lines.
Downhole Technologies Early Recovery
Downhole Technologies revenues of $32 million in Q4, up 11% sequentially, and adjusted segment EBITDA grew to $1.3 million as revamped products and international expansion began contributing.
Notable Technology Deployments and Operational Wins
Multiple new contracts and advanced offshore technology deployments in 2025 including managed pressure drilling (MPD) adoption, first successful low-impact workover package deployment, and Merlin deep sea mineral riser system record deployment (>18,000 feet), demonstrating product differentiation and engineering capabilities.
Capital Allocation Actions and Balance Sheet Flexibility
Purchased $71 million principal of convertible senior notes in 2025 and repurchased $17 million of common stock (~5% of shares outstanding as of 01/01/2025). Entered a new four-year credit agreement (up to $75 million revolving and $50 million multidraw term loan) and intend to retire remaining convertible notes on or before 04/01/2026. 2026 guidance: revenues $680–700 million and EBITDA $90–95 million (both up meaningfully year-over-year); 2026 expected cash flow from operations $60–65 million and planned CapEx $20–25 million.
OIS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OIS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 20, 2026 | $10.00 | $12.53 | +25.30% |
Oct 31, 2025 | $6.78 | $5.97 | -11.95% |
Jul 31, 2025 | $5.63 | $4.99 | -11.37% |
May 01, 2025 | $3.51 | $4.32 | +23.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Oil States International (OIS) report earnings?
Oil States International (OIS) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Oil States International (OIS) earnings time?
Oil States International (OIS) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OIS EPS forecast?
OIS EPS forecast for the fiscal quarter 2026 (Q1) is 0.09.