Oil States International, Inc. experienced a challenging fourth quarter in 2025, reporting a significant net loss of $117.2 million, primarily due to asset impairments and restructuring charges. Despite the loss, the company saw an 8% sequential increase in revenues to $178.5 million and a 9% improvement in Adjusted EBITDA to $22.8 million. The Offshore Manufactured Products segment showed strength with a 13% sequential revenue increase and a 9% sequential increase in backlog, indicating positive future demand.

Oil States International reported a net income of $3.2 million and Adjusted EBITDA of $18.7 million in the first quarter of 2025, with revenues of $159.9 million. This represents a sequential decrease in revenue and net income compared to Q4 2024, but a significant improvement year-over-year in net income and operating income.

Oil States International, Inc. reported a net income of $15.2 million, or $0.24 per share, and Adjusted EBITDA of $18.7 million for Q4 2024 on revenues of $164.6 million. The results included a gain from a facility sale, offset by restructuring charges. Revenues decreased sequentially due to lower U.S. land-based activity and the exit of certain service lines.

Oil States International reported a net loss of $14.3 million for Q3 2024, impacted by $18.2 million in restructuring and other charges. Adjusted net income was $2.7 million, or $0.04 per share. Revenues decreased 6% sequentially to $174.3 million, driven by lower U.S. land activity and project delays in the Gulf of Mexico. The Offshore Manufactured Products segment showed strength, with revenues flat and Adjusted Segment EBITDA up 16%.

Oil States International, Inc. reported net income of $1.3 million, or $0.02 per share, and Adjusted EBITDA of $21.3 million for the second quarter of 2024 on revenues of $186.4 million. Second quarter consolidated revenues and Adjusted EBITDA increased 11% and 38% sequentially – driven by higher project-related activity within our Offshore Manufactured Products segment.

Oil States International reported a net loss of $13.4 million, or $0.21 per diluted share, for Q1 2024. Consolidated revenues decreased by 20% sequentially to $167.3 million, and Adjusted EBITDA was $15.5 million. The results were impacted by seasonality, the timing of revenue recognition in the Offshore Manufactured Products segment, and a non-cash goodwill impairment charge of $10.0 million.

Oil States International, Inc. reported a net income of $6.0 million, or $0.09 per share, and Adjusted EBITDA of $24.0 million for Q4 2023 on revenues of $208.3 million. The Offshore/Manufactured Products segment revenues grew 24% sequentially.

Oil States International, Inc. reported a net income of $4.2 million, or $0.07 per share, and Adjusted EBITDA of $23.4 million for Q3 2023 on revenues of $194.3 million. The results were boosted by higher offshore and international activity, particularly in the Offshore/Manufactured Products segment, which saw revenue increase by 18% sequentially.

Oil States International, Inc. reported net income of $0.6 million, or $0.01 per share, for the second quarter of 2023 on revenues of $183.5 million and Adjusted EBITDA of $19.0 million. The company's results reflect activity declines in U.S. shale basins offset by growth in offshore and international regions. They generated strong cash flow from operations of $44.7 million.

Oil States International, Inc. reported net income of $2.2 million, or $0.03 per share, for the first quarter of 2023 on revenues of $196.2 million and Adjusted EBITDA of $21.4 million. The company's operating results were fairly strong relative to industry benchmarks, with net income generation, EBITDA growth, improving margins and backlog growth.

Oil States International reported Q4 2022 results with revenue of $202.4 million, a net income of $2.9 million, or $0.05 per share, and Adjusted EBITDA of $20.5 million. The company's Offshore/Manufactured Products segment saw its backlog increase to $308 million, while the Well Site Services segment benefited from higher U.S. completion and production activity.

Oil States International, Inc. reported net income of $2.1 million, or $0.03 per share, for the third quarter of 2022. The company generated revenues of $189.4 million and Adjusted Consolidated EBITDA of $22.0 million. The results showed improvement compared to the second quarter of 2022, with positive net income and sequential improvements across all business segments.

Oil States International, Inc. reported a net loss of $5.1 million, or $0.08 per share, for the second quarter of 2022, with revenues of $181.8 million and Consolidated EBITDA of $17.0 million. The company saw sequential growth in revenues and EBITDA, driven by strong performance in the Offshore/Manufactured Products and Well Site Services segments, while also settling legal disputes and introducing new technologies.

Oil States International reported first quarter 2022 results with revenues of $164.0 million and a net loss of $9.4 million, or $0.16 per share. The company's consolidated revenues and EBITDA reached the highest level since the start of the pandemic, driven by improved commodity prices and a favorable sales mix in the Offshore/Manufactured Products segment. Backlog grew to $265 million, and the company acquired E-Flow Control Holdings Limited after the quarter ended.

Oil States International, Inc. reported Q4 2021 results with a net loss of $19.9 million, or $0.33 per share. Revenues were $161.3 million and Adjusted Consolidated EBITDA was $13.4 million. The company's Offshore/Manufactured Products segment led the growth, while the Well Site Services segment experienced a revenue decrease due to seasonal factors and hurricane recovery efforts.

Oil States International reported a net loss of $13.0 million, or $0.22 per share, for Q3 2021. Results were negatively impacted by Hurricane Ida and included a non-cash inventory impairment charge of $2.1 million and severance/restructuring charges of $0.7 million. Revenues were $140.5 million, and Adjusted Consolidated EBITDA was $8.5 million.

Oil States International reported a net loss of $15.3 million, or $0.25 per share, for the second quarter of 2021. Revenues increased by 16% sequentially to $145.7 million, and Adjusted Consolidated EBITDA grew 64% to $10.1 million. The company continues to focus on growth areas and rationalize non-performing product lines.

Oil States International reported a net loss of $15.8 million for Q1 2021, which included several non-cash charges and gains. Revenues were $125.6 million, and Adjusted Consolidated EBITDA was $6.1 million, benefiting from increased U.S. land-based completion activity.

Oil States International, Inc. reported a net loss of $18.7 million for Q4 2020, with revenues of $137.4 million. The results were positively influenced by increased U.S. land-based completion activity and improved commodity prices.

Oil States International, Inc. reported a net loss of $20.0 million, or $0.33 per share, for the third quarter of 2020, on revenues of $134.8 million. The company generated $87 million in cash flow from operations and reduced net debt by $92 million.

Oil States International, Inc. reported a net loss of $24.6 million for the second quarter of 2020, with revenues of $146.2 million. The company faced significant challenges due to the COVID-19 pandemic and the resulting decline in U.S. land-based drilling and completion activity. However, the Offshore/Manufactured Products segment showed resilience, and the company implemented cost reduction measures and managed its debt and cash flow.

Oil States International reported a net loss of $405.0 million, or $6.79 per share, on revenues of $219.7 million for the first quarter of 2020. The results were impacted by significant non-cash impairment charges. Despite these charges, the company's operational activity exceeded guidance, particularly in Completion Services and Downhole Technologies segments.

Oil States International, Inc. reported a net loss for the fourth quarter of 2019 of $175.6 million, or $2.95 per share, impacted by a non-cash goodwill impairment charge of $165.0 million. Revenues for the quarter were $238.4 million. The company generated strong free cash flow, which was used to further reduce debt.