Oil States Q2 FY26 net income climbs to $5.91 million; revenue rises 8% quarter-on-quarter to $156.66 million

Reuters2026/07/30 11:17

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Oil States posted Q2 2026 net income of $5.9 million, or $0.10 per share, as revenue rose 8% sequentially to $156.7 million.
Adjusted EBITDA (non-GAAP) increased 14% from the prior quarter to $19 million.
Offshore Manufactured Products backlog climbed 5% sequentially; quarterly bookings reached $114 million, producing a 1.2x book-to-bill ratio.
Downhole Technologies revenue rose to $39.7 million, the highest level since Q2 2023.
Retired the remaining $52.7 million principal of its 4.75% convertible senior notes on April 1; bought back $5 million of common stock.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oil States International Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607300700BIZWIRE_USPR_____20260730_BW574417) on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Oil States Q2 FY26 net income climbs to $5.91 million; revenue rises 8% quarter-on-quarter to $156.66 million

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