Oil States International Inc

Oil States International reported second quarter 2026 revenue of $157 million and adjusted EBITDA of $19 million, representing sequential increases of 8% and 14% respectively. The company achieved a book-to-bill ratio of 1.2 times, with backlog reaching its highest level in over a decade at $451 million, supported by bookings of $114 million. Net income was $6 million, or $0.10 per share, while adjusted net income totaled $8 million, or $0.14 per share. The Offshore Manufactured Products segment generated $93 million in revenue with a segment EBITDA margin above 19%, and the Completion and Production Services segment posted $24 million in revenue with a margin of approximately 27%. The Downhole Technologies segment recorded its highest revenue since the second quarter of 2023 at $40 million, driven by stronger perforating and completion product demand. Full-year 2026 guidance calls for revenue between $640 million and $660 million and adjusted EBITDA between $77 million and $83 million, with third quarter revenue expected in the range of $157 million to $167 million and adjusted EBITDA of $18 million to $20 million.