Oil States International

Oil States International, Inc. engages in the provision of manufactured products and services used in the drilling, completion, subsea, production and infrastructure sectors of the oil and natural gas industry, as well as in the industrial and military sectors. It operates through the following segments: Well Site Services, Downhole Technologies and Offshore or Manufactured Products. The Well Site Services segment includes a broad range of equipment and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its life cycle. The Downhole Technologies segment provides oil and gas perforation systems and downhole tools in support of completion, intervention, wireline and abandonment operations. It also designs, manufactures and markets its consumable engineered products to oilfield service as well as exploration and production companies. The Offshore or Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels, along with short-cycle and other products. The company was founded in July 1995 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Oil States International (OIS) reports solid Q4 performance and strategic outlook

Oil States International (OIS) delivered a solid performance in Q4 2022, demonstrating financial stability, operational efficiency, and a focus on enhancing shareholder value.
While facing challenges in the Downhole Technology segment, the company showcased strengths in innovation, financial management, and commitment to shareholder returns.
By balancing share repurchases with smart investments and remaining open to opportunities, Oil States International (OIS) is well-positioned to navigate challenges and capitalize on growth prospects.
With a strategic approach to capital allocation and upcoming Investor Conferences, the company aims to sustain its positive momentum and drive long-term value for stakeholders.

Oil States International posts robust Q1 results amidst market challenges

Oil States International delivered strong Q1 2023 results across segments, showcasing operational resilience and financial stability.
While facing challenges in stock price reaction and free cash flow, the company's focus on innovation and safety sets a positive trajectory.
Analyst inquiries highlighted areas for improvement and growth, signaling a proactive approach to addressing market concerns.
Strategic guidance and market outlook discussions position Oil States International for continued success and market leadership.

Oil States International reports mixed Q2 results amid market recovery

Oil States International navigated mixed performance in Q2 2023, with revenue and EBITDA growth year-over-year but sequential declines due to operational challenges.
The company's focus on offshore and international drilling recovery, operational optimization, and global expansion underscores strategic resilience and adaptability.
Despite segment-specific challenges, Oil States International's strong cash flow, backlog growth, and market outlook signal potential for sustained growth and profitability.

Oil States International reports resilient Q3 performance and eyes growth opportunities

Oil States International's Q3 performance reflects resilience amid market challenges, with a strong focus on innovation and growth opportunities. Despite segment-specific challenges, the company remains optimistic about future profitability and market outlook.

Oil States International posts positive Q4 results amidst market challenges

Oil States International delivered a solid performance in Q4 2023, marked by revenue growth, positive income, and strategic initiatives.
While facing challenges such as U.S. land-based activity decline, the company remains focused on innovation and profitability.
With opportunities in international markets and new technologies, OIS is poised for revenue and earnings growth in 2024.

Oil States International (OIS) reports Q1 2024 earnings, focuses on growth strategies

Oil States International (OIS) navigated Q1 2024 with a focus on cost management, technology differentiation, and addressing challenges in specific business segments. The company aims to drive growth through strategic investments, market opportunities, and retaining key talent amidst challenging market conditions.

Oil States International posts strong Q2 results amid market opportunities

Oil States International delivered robust Q2 2024 results with notable revenue and EBITDA growth across key segments, underpinned by disciplined capital allocation strategies and a favorable market outlook.
While facing challenges in certain market segments, the company remains well-positioned to leverage opportunities in offshore field development, natural gas, and LNG demand.
By maintaining financial stability, focusing on growth initiatives, and adapting to market dynamics, Oil States International aims to drive sustainable value creation for shareholders amidst industry complexities.

Oil States International reports resilient Q3 performance amidst market challenges

Oil States International (OIS) demonstrated strong performance in the Offshore/Manufactured Products segment but faced challenges in other segments, mitigated by effective cash flow management and debt reduction.
Strategic collaborations and increased share repurchase authorization indicate a proactive approach to growth and enhancing shareholder value amidst market uncertainties.
With a focus on innovation and diversification into emerging energy sectors, Oil States International (OIS) is poised to navigate challenges, capitalize on opportunities, and drive long-term value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

HOUSTON, April 28, 2021 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss of $15.8 million, or $0.26 per share, for the first quarter of 2021, which included non-cash fixed asset impairment charges of $0.7 million ($0.5 million after-tax, or $0.01 per share), severance and restructuring charges of $3.4 million ($2.7 million after-tax, or $0.04 per share) and non-cash gains on extinguishment of convertible senior notes of $3.6 million ($2.9 million after-tax, or $0.05 per share).

Oil States Announces First Quarter 2021 Results of Operations

OIS reports earnings on April 29th. Revenue should grow Q/Q. The company is close to break-even. The added scale should allow OIS to improve margins.

Oil States International Should Benefit From Additional Scale

Thursday, April 29, 2021 at 9:00 a.m. Central Time Thursday, April 29, 2021 at 9:00 a.m. Central Time

Oil States Announces First Quarter 2021 Earnings Conference Call

Q4 revenue for OIS rose 2% sequentially. Rising oil prices and rising rig count imply oil markets could be turning the corner.

Oil States International Is A Hold

The oil-field services company is buying some time.

Why Oil States International Stock Is Slumping Today

HOUSTON, March 16, 2021 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) (the “Company”) announced that it has priced a private offering of $135 million principal amount of its 4.75% convertible senior notes due 2026 (the “Notes”). The Company also granted the initial purchasers the option to purchase, during a 13-day period beginning on, and including, the first date on which the Notes are issued, up to an additional $15 million aggregate principal amount of the Notes. The Notes were only offered to persons reasonably believed to be qualified institutional buyers (as defined in the Securities Act of 1933, as amended (the “Securities Act”)), pursuant to Rule 144A under the Securities Act. The closing of the transaction is subject to customary closing conditions, and the Notes are expected to be delivered and paid for on March 19, 2021.

Oil States Announces Pricing of $135 Million Principal Amount of Convertible Senior Notes Due 2026

HOUSTON, March 16, 2021 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) (the “Company”) announced today that it intends to offer, subject to market and other conditions, $135 million aggregate principal amount of convertible senior notes due 2026 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also expects to grant the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the first date on which the Notes are issued, up to an additional $15 million aggregate principal amount of the Notes.

Oil States Announces Offering of $135 Million Principal Amount of Convertible Senior Notes Due 2026

HOUSTON, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) announced today that Chris Cragg, Executive Vice President, Operations will depart the Company effective March 1, 2021 to pursue other opportunities. The Company has no plans to replace Mr. Cragg. Rather, Cindy Taylor, President and CEO of the Company will assume his duties.

Oil States Announces Executive Officer Departure

Energy Transfer LP Unit

Marathon Oil

Plains All American Pipeline

ProPetro Hld

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

5 Red-Hot Energy Stocks Under $10 With Substantial Upside Potential

Oil States International's (OIS) CEO Cindy Taylor on Q4 2020 Results - Earnings Call Transcript

Oil States International (OIS) delivered earnings and revenue surprises of 22.22% and -1.08%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Oil States International (OIS) Reports Q4 Loss, Misses Revenue Estimates

HOUSTON, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss for the fourth quarter of 2020 of $18.7 million, or $0.31 per share, which included non-cash asset impairment charges of $4.3 million ($3.4 million after-tax, or $0.06 per share) and severance and restructuring charges of $2.7 million ($2.2 million after-tax, or $0.04 per share).

Oil States Announces Fourth Quarter 2020 Results of Operations

On Wednesday, February 17, Oil States International (NYSE:OIS) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Oil States International Earnings Preview

HOUSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that it has entered into a new $125 million asset-based revolving credit agreement (the "Credit Agreement"). Wells Fargo Bank, National Association is the administrative agent for the Credit Agreement. In addition to Wells Fargo, lenders under the Credit Agreement include Bank of America, National Association, JPMorgan Chase Bank, N.A. and Royal Bank of Canada. Borrowing availability under the Credit Agreement is based on eligible U.S. receivables and inventory. The Credit Agreement replaces Oil States' existing $200 million revolving credit facility. The maturity date of the Credit Agreement is February 10, 2025.

Oil States Enters into New Bank Credit Agreement

Oil States International (OIS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Oil States International (OIS) Q4 Earnings Expected to Decline

Thursday, February 18, 2021 at 9:00 a.m. Central Time Thursday, February 18, 2021 at 9:00 a.m. Central Time

Oil States Announces Fourth Quarter 2020 Earnings Conference Call

Oil States International, Inc. (OIS) CEO Cindy Taylor on Q3 2020 Results - Earnings Call Transcript

Friday, October 30, 2020 at 10:00 a.m. Central Time Friday, October 30, 2020 at 10:00 a.m. Central Time

Oil States Announces Third Quarter 2020 Earnings Conference Call

Earnings Preview: Oil States International (OIS) Q3 Earnings Expected to Decline

Oil States International, Inc. (OIS) CEO Cindy Taylor on Q2 2020 Results - Earnings Call Transcript

Oil States International (OIS) delivered earnings and revenue surprises of 29.79% and -2.69%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Oil States International (OIS) Reports Q2 Loss, Misses Revenue Estimates

HOUSTON, July  29, 2020  (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss of $24.6 million, or $0.41 per share, for the second quarter of 2020, on revenues of $146.2 million. Consolidated EBITDA (Note A) was a loss of $4.5 million. Excluding $5.4 million of severance and downsizing charges incurred during the quarter, Consolidated EBITDA totaled $0.9 million. The reported second quarter 2020 net loss included the following more significant charges and gains, which resulted in a net charge of $4.6 million after-tax, or $0.08 per share:

Oil States Announces Second Quarter 2020 Results of Operations

Oil States International (OIS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Oil States International (OIS) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Thursday, July 30, 2020 at 10:00 a.m. Central Time Thursday, July 30, 2020 at 10:00 a.m. Central Time

Oil States Announces Second Quarter 2020 Earnings Conference Call

HOUSTON, June  17, 2020  (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that it has amended its credit agreement. Total lender commitments under the amended revolving credit facility are reduced to $200 million in exchange for the suspension of the existing financial covenants from July 1, 2020 through March 30, 2021. The maturity date of the amended credit agreement remains January 30, 2022.

News for Oil States International Stock (OIS)