OIL STATES INTERNATIONAL, INC — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Oil States reported Q2 2026 consolidated revenues of $156.7 million (up 8% sequentially), net income of $5.9 million ($0.10 per share), and adjusted EBITDA of $19.0 million (up 14% sequentially). On April 1, 2026, the company fully retired $52.7 million of convertible senior notes using $50.5 million cash and 529,428 shares (valued at $5.9 million). The Offshore Manufactured Products segment's backlog reached $451 million (highest since March 2015) with Q2 bookings of $114 million yielding a 1.2x book-to-bill ratio. Downhole Technologies revenues hit $39.7 million, the highest since Q2 2023.
Why this rating
Debt retirement strengthens balance (17.4% of market cap eliminated), backlog at 11-year high signals demand. YoY revenue down 5%; modest net income. Materially improves capital structure but execution risk remains given cyclical energy sector.
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