Loading...
•
Dec 31, 2025
Oil States Q4 2025 Earnings Report
Oil States International, Inc. reported a net loss of $117.2 million on revenues of $178.5 million for the fourth quarter of 2025.
Key Takeaways
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.
Consolidated revenues increased 8% sequentially to $178.5 million.
Adjusted EBITDA improved 9% from the prior quarter to $22.8 million.
The company reported a net loss of $117.2 million, or $2.04 per share, primarily due to $124.9 million in asset impairments and restructuring charges.
Offshore Manufactured Products segment's backlog increased 9% sequentially, with quarterly bookings totaling $160 million, yielding a book-to-bill ratio of 1.3x.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company is poised for long-term growth, technology differentiation, and meaningful stockholder returns, having completed its U.S. land restructuring initiatives and secured a new credit agreement.
Positive Outlook
- Secured strong bookings in Q4 2025, driving meaningful backlog growth.
- Completed U.S. land restructuring initiatives, positioning for future growth.
- Entered into an amended and restated cash-flow based credit agreement, providing financial flexibility.
- Successfully deployed new technologies like the Low Impact Workover Package™ and Merlin™ Deepsea Mineral Riser System.
- Strong cash position at year-end, exceeding outstanding debt by $15 million.
Challenges Ahead
- Significant net loss in Q4 2025 due to asset impairments and restructuring charges.
- Continued impact of valuation allowances on deferred tax assets.
- Completion and Production Services segment experienced a sequential revenue decline.
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...