Oil States Announces First Quarter 2026 Results

Oil States International reported Q1 2026 revenue of $145.4 million, down 9% year-over-year, with net income of $1.1 million or $0.02 per share. Adjusted EBITDA was $16.7 million, as the company navigates geopolitical headwinds and contract delays in the Middle East that impacted near-term activity. The company strengthened its financial position by retiring $52.7 million of convertible senior notes in early April using cash, credit facility borrowings, and stock issuance. Cash on-hand of $59.0 million exceeded outstanding debt by $4.0 million at quarter-end.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.