Oil States (OIS) Q4 2025 Earnings Call Transcript

The Motley Fool

by newsfeedback@fool.com (Motley Fool Transcribing)

February 20, 2026

AI-Generated Deep Dive Summary

Oil States International (OIS) reported strong financial performance in its Q4 2025 earnings call, driven by robust revenue growth and improved profitability. The company achieved $178 million in consolidated revenues, a 8% sequential and year-over-year increase, fueled by strong demand from offshore and international markets. Adjusted EBITDA rose to $23 million, reflecting a 9% sequential gain and hitting the top of management’s guidance range. Despite reporting a net loss of $117 million due to noncash impairments, OIS demonstrated resilience with adjusted net income of $8 million. The company also highlighted its strong cash flow from operations, reaching $50 million for the quarter, up 63% sequentially, which allowed it to retire $50 million in convertible senior notes and end the year with a net cash position exceeding total debt by $15 million. The earnings call provided insights into OIS’s segment performance. Offshore Manufactured Products (OMP) led the way with $123 million in revenues and $25 million in adjusted EBITDA, supported by a 20% margin. The segment also saw its backlog reach $435 million—a record since March 2015—and achieved a quarterly book-to-bill ratio of 1.3 times. Meanwhile, the Completion and Production Services (CPS) segment reported $23 million in revenues and $7 million in adjusted EBITDA, with margins expanding to 32% due to restructuring efforts. The Downhole Technologies segment saw a 11% sequential increase in revenues to $32 million but faced challenges, including $112 million in noncash impairment charges related to older product technologies and intangibles. Looking ahead, OIS provided guidance for 2026, forecasting full-year revenues between $680 million and $700 million and EBITDA in the range of $90 million to $95 million. The company expects cash flow from operations to reach $60 million to $65 million for the year, down from 2025 due to anticipated working capital requirements. Capital expenditures are targeted at $20 million to $25 million for the year. While O

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Originally published on The Motley Fool on 2/20/2026