What were Oil States International’s (NYSE:OIS) fourth-quarter results for 2025?

Oil States reported Q4 2025 consolidated revenue of $178 million, an 8% sequential increase, which landed at the high end of management’s prior guidance. Adjusted net income, excluding $125 million in restructuring and asset impairment charges, totaled $8 million ($0.13 per share), exceeding the $0.11 analyst consensus. Adjusted EBITDA also improved by 9% sequentially, reaching $23 million.

What contributed to Oil States’ strong Q4 performance?

The strong performance was driven by surging demand in offshore and international markets, which helped the company overcome challenges in the U.S. shale landscape. The Offshore Manufactured Products segment was a standout, with bookings reaching $160 million, resulting in a book-to-bill ratio of 1.3x and contributing to a 9% sequential increase in the segment’s backlog.

How did the Offshore Manufactured Products segment perform in Q4 2025?

The Offshore Manufactured Products segment had a particularly strong quarter, with bookings totaling $160 million. This contributed to a robust book-to-bill ratio of 1.3x and pushed the segment’s backlog up 9% sequentially, providing a significant revenue cushion for 2026.

How did Oil States’ U.S. land-based operations perform in Q4 2025?

Oil States’ U.S. land-based operations faced headwinds as domestic completion activity slowed due to lower crude price forecasts. This contrast with the strong offshore performance highlights the challenges in the U.S. shale sector, which continues to face pressure from fluctuating commodity prices.

What was the impact of impairment charges on Oil States’ Q4 results?

Despite reporting a GAAP net loss due to heavy non-cash impairment charges, Oil States’ adjusted results were strong. The company’s adjusted net income of $8 million and adjusted EBITDA of $23 million highlight the resilience of its operational core, even in the face of significant non-cash charges.

Image for illustrative purposes only. Not a real photo.

Oil States International posts sequential revenue and EBITDA growth in Q4

Written by Liezl GambePublished Feb 20, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:45 AM

Oil States International (NYSE:OIS) reported a resilient fourth quarter on Friday, as surging demand in offshore and international markets helped the Houston-based energy services provider navigate a cooling U.S. shale landscape.

Despite recording a GAAP net loss due to heavy non-cash impairment charges, the company’s operational core delivered its highest backlog in nearly a decade.

For the quarter ended December 31, 2025, Oil States reported consolidated revenue of $178 million, an 8% sequential increase that landed at the high end of management’s prior guidance.

Adjusted net income, which strips out $125 million in restructuring and asset impairment charges, totaled $8 million, or $0.13 per share—comfortably beating the $0.11 analyst consensus.

Adjusted EBITDA also saw a 9% sequential improvement, reaching $23 million.

The star of the quarter was the Offshore Manufactured Products segment, where bookings reached $160 million, resulting in a robust book-to-bill ratio of 1.3x.

This late-year surge pushed the total segment backlog up 9% sequentially, providing a significant revenue cushion for 2026.

Conversely, the company’s U.S. land-based operations continued to face headwinds as domestic completion activity slowed under lower crude price forecasts.

The company ended 2025 with a strong balance sheet, maintaining a net cash position of $15 million after repurchasing $50 million in convertible senior notes during the quarter.

Slug: oil-states-q4-2025-earnings-offshore-backlog

Meta Title: Oil States (OIS) Beats Adjusted Earnings as Offshore Backlog Surges

Oil States International posts sequential revenue and EBITDA growth in Q4

Perguntas frequentes

Ativos relacionados a notícia