Oil States International — Third Quarter 2026 Earnings Summary

Oil States International reported third-quarter 2026 consolidated revenues of $169.8 million, representing an 8% sequential increase, alongside net income of $3.1 million or $0.05 per share. Adjusted net income totaled $8.5 million, or $0.15 per share, while Adjusted EBITDA reached $20.1 million, driven by strong performance in the Offshore Manufactured Products and Downhole Technologies segments. The company's backlog grew 7% sequentially to $482 million, the highest level since December 2014, with a third-quarter book-to-bill ratio of 1.3x. Additionally, the Board approved a new $50 million common stock repurchase authorization expiring in October 2028, and the company purchased $4 million of its own stock during the quarter.