Loading...
•
Mar 31, 2021
Oil States Q1 2021 Earnings Report
Reported a net loss due to fixed asset impairment, severance and restructuring charges, offset by gains on convertible senior notes.
Key Takeaways
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.
First quarter operating results benefited from increased U.S. land-based completion activity.
Severe winter weather in February adversely impacted results.
Downhole Technologies and Well Site Services segments increased revenues sequentially despite weather conditions.
Offshore/Manufactured Products segment decreased revenues but increased EBITDA margins.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...