OIS

Image source: The Motley Fool. Tuesday, May 5, 2026 at 10 a.m. ET President and Chief Executive Officer — Lloyd A. Hajdik Senior Vice President and Chief Financial Officer — Matthew Autenrieth Lloyd Hajdik: Thanks, Ellen. Good morning, and thank you for joining our conference call today, where we'll discuss our first quarter 2026 results and provide our thoughts on market trends in addition to discussing our company-specific strategy and outlook for 2026. During the first quarter, the global energy backdrop shifted meaningfully due to escalating geopolitical tensions in the Middle East, leading to severe restrictions imposed on maritime vessels transiting through the Strait of Hormuz. These events introduced near-term volatility in commodity markets, leading to elevated supply and logistics challenges and increased costs overall. Longer term, these geopolitical events reinforce the strategic importance of energy security, supply diversification, and long-term offshore and international development. We saw commodity prices strengthen throughout the quarter, with crude oil prices increasing significantly late in the period, reflecting diminishing inventories and a growing supply risk premium. Our global customer base facing market uncertainty delayed existing projects and awards of new projects. During this volatile period, operators maintained capital discipline, prioritizing free cash flow generation and returns to shareholders over incremental activity. Given the recent drawdown in global inventories, the global oil and gas sector is poised for growth. During the quarter, we generated revenues of $145 million and adjusted EBITDA of $17 million. The sequential decline was attributable to seasonal factors, timing of revenue recognition for our percentage of completion projects, certain Middle East-related delays, and continued softness in U.S. land markets. The current conflict in the Middle East, along with ongoing market uncertainty, contributed to contract award delays, reduced revenues, and increased costs. These disruptions have not changed our strategy or offshore and international growth thesis. The macro drivers actually serve to further strengthen our primary markets as the need increases for energy security, demand for offshore and deepwater developments, LNG, military, and highly engineered technologies. We believe operators stand poised to increas...

Management attributed sequential revenue declines to seasonal factors, project timing, and logistics disruptions caused by Middle East maritime restrictions. The company successfully shifted its business mix, with 72% of Q1 revenue now derived from offshore and international projects, up from 66% a year ago. Geopolitical tensions in the Middle East have introduced near-term cost inflation and project award delays but are viewed as long-term catalysts for energy security and supply diversification. The Offshore Manufactured Products segment remains the primary growth engine, maintaining a decade-high backlog of $430 million despite macro volatility. Operators are currently prioritizing capital discipline and free cash flow over incremental activity, though global inventory drawdowns suggest a pending growth cycle. Strategic focus has shifted toward high-specification engineered solutions, including military products and subsea infrastructure, to capture more durable, higher-margin work. Full-year 2026 guidance remains unchanged but is contingent on an 'expedient resolution' to Middle East conflicts; a prolonged conflict is identified as a primary risk factor. Management expects a full-year book-to-bill ratio of 1.0x or greater, supported by strong visibility into offshore and military project awards. Free cash flow is projected to improve throughout 2026 as working capital normalizes and assets held for sale are monetized. The company anticipates a 50% to 60% backlog conversion rate over the next 12 months, slightly lower than historical norms due to the longer duration of new military contracts. Second quarter 2026 revenue is guided between $157 million and $162 million, with EBITDA expected in the $18 million to $20 million range. The company retired $53 million in convertible senior notes on April 1, 2026, using a mix of cash, revolving credit, and equity issuance. A non-cash impairment and facility exit charges were recorded in the corporate segment as part of an ongoing strategy to monetize underutilized assets. Higher raw material and shipping costs are currently impacting profitability within the Downhole Technologies segment. The company secured a new 4-year $125 million cash flow-based credit agreement, replacing its previous asset-based lending structure to enhance financial flexibility. Our analysts just identified a stock with the potential to be...

Oil States International (OIS) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +12.50%. A quarter ago, it was expected that this energy services company would post earnings of $0.11 per share when it actually produced earnings of $0.13, delivering a surprise of +18.18%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Oil States International, which belongs to the Zacks Oil and Gas - Mechanical and and Equipment industry, posted revenues of $145.36 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 4.98%. This compares to year-ago revenues of $159.94 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Oil States International shares have added about 65.4% since the beginning of the year versus the S&P 500's gain of 5.2%. While Oil States International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Oil States International was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperfor...

Consolidated revenues of $145 million Net income of $1 million, or $0.02 per share Adjusted net income totaled $5 million, or $0.09 per share, excluding restructuring and asset impairment charges (a non-GAAP measure(1)) Adjusted EBITDA (a non-GAAP measure(1)) of $17 million Cash on-hand exceeded outstanding debt by $4 million at quarter-end Entered into an amended and restated cash-flow based credit agreement in January 2026 providing for borrowings of up to: $75 million under a revolving credit facility and $50 million under a multi-draw term loan facility Retired remaining $53 million principal amount of our convertible senior notes on April 1 with a combination of cash on-hand, borrowings under the revolving credit facility and the issuance of common stock Received two 2026 Spotlight on New Technology® awards from the SPE Offshore Technology Conference for our GeoLok™ Geothermal Wellhead and MPD Drill Ahead Tool HOUSTON, May 05, 2026--(BUSINESS WIRE)--Oil States International, Inc. (NYSE: OIS): Oil States International, Inc. reported net income of $1.1 million, or $0.02 per share, and Adjusted EBITDA of $16.7 million for the first quarter of 2026 on revenues of $145.4 million. The first quarter 2026 net income included charges of $4.1 million ($4.1 million after-tax or $0.07 per share) associated with the continued exit of certain U.S. land-based operations and asset impairments. These results compare to revenues of $178.5 million, net loss of $117.2 million, or $2.04 per share, and Adjusted EBITDA of $22.8 million reported in the fourth quarter of 2025, which included charges of $124.9 million ($124.8 million after-tax or $2.17 per share) associated with asset impairments and U.S. land-based exit charges. Oil States’ President and Chief Executive Officer, Lloyd Hajdik, stated: "During the first quarter, our results were tempered by heightened geopolitical conflict and ongoing uncertainty in the Middle East, which contributed to contract award delays, reduced revenue and increased costs. Transitory project deferrals also impacted reported results in the quarter. While these factors weighed on near‑term activity, we remained focused on cost control, monetization of exited facilities and equipment and supporting our customers’ critical programs. We strengthened our balance sheet by reducing debt in early April, which enhances our financial flexibility. With...

HOUSTON (AP) — HOUSTON (AP) — Oil States International Inc. (OIS) on Tuesday reported earnings of $1.1 million in its first quarter. The Houston-based company said it had net income of 2 cents per share. Earnings, adjusted for non-recurring costs, were 9 cents per share. The energy services company posted revenue of $145.4 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OIS at https://www.zacks.com/ap/OIS

Forum Energy Technologies (FET) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.82%. A quarter ago, it was expected that this provider of manufactured technologies and applied products in the energy sector would post earnings of $0.36 per share when it actually produced earnings of $0.41, delivering a surprise of +13.89%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Forum Energy, which belongs to the Zacks Oil and Gas - Mechanical and and Equipment industry, posted revenues of $208.7 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.68%. This compares to year-ago revenues of $193.3 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Forum Energy shares have added about 74.7% since the beginning of the year versus the S&P 500's gain of 4.2%. While Forum Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Forum Energy was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to...

Wall Street expects a year-over-year increase in earnings on higher revenues when Kodiak Gas Services (KGS) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This provider of oil and gas infrastructure services is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of +28.6%. Revenues are expected to be $340.01 million, up 3.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 14.45% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power...

Nov Inc. (NOV) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -12.28%. A quarter ago, it was expected that this oil and gas industry supplier would post earnings of $0.25 per share when it actually produced earnings of $0.02, delivering a surprise of -92%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Nov Inc., which belongs to the Zacks Oil and Gas - Mechanical and and Equipment industry, posted revenues of $2.05 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.16%. This compares to year-ago revenues of $2.1 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Nov Inc. shares have added about 31.2% since the beginning of the year versus the S&P 500's gain of 4.7%. While Nov Inc. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Nov Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Za...

The market expects Oil States International (OIS) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on May 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This energy services company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +33.3%. Revenues are expected to be $152.98 million, down 4.4% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's pred...

HOUSTON, April 23, 2026--(BUSINESS WIRE)--Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its first quarter 2026 earnings conference call for Tuesday, May 5, 2026 at 9:00 a.m. Central Daylight Time. During the call, Oil States will discuss the results for the quarter ended March 31, 2026, which are expected to be released on Tuesday, May 5, 2026, before the markets open. This call is being webcast and can be accessed at Oil States’ website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (585) 542-9983 in the United States or by dialing +1 (833) 461-5787 internationally and using the passcode of 196865172. A replay of the conference call will be available approximately two hours after the completion of the call by clicking on the following link: First Quarter 2026 Earnings Conference Call Replay. About Oil States Oil States International, Inc. is a global provider of manufactured products and services to customers in the energy, military and industrial sectors. The Company’s manufactured products include highly engineered capital equipment and consumable products. Oil States is headquartered in Houston, Texas, with manufacturing and service facilities strategically located across the globe. Oil States is publicly traded on the New York Stock Exchange and NYSE Texas under the symbol "OIS". For more information on the Company, please visit Oil States International’s website at www.oilstatesintl.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260423647871/en/ Contacts Company Contact: Lloyd A. Hajdik Oil States International, Inc. Executive Vice President, Chief Financial Officer and Treasurer (713) 652-0582

Oil States International (OIS) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this energy services company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for Oil States International, as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $0.09 per share, which is a change of +50.0% from the year-ago reported number. The Zacks Consensus Estimate for Oil States International has increased 54.54% over the last 30 days, as two estimates have gone higher compared to no negative revisions. For the full year, the earnings estimate of $0.59 per share represents a change of +59.5% from the year-ago number. The revisions trend for the current year also appears quite promising for Oil States International, with two estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 20.62%. The promising estimate revisions have helped Oil States International earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperf...