Oil States Q2 revenue rises 8% sequentially to $157 million; down 5% from year ago
Oil States International reported second-quarter 2026 revenue of $156.7 million, up 8% from the first quarter but down 5% from a year earlier. Net income was $5.9 million, or $0.10 per share, compared with $1.1 million, or $0.02 per share, in the first quarter and $2.8 million, or $0.05 per share, a year earlier. Adjusted EBITDA was $19.0 million, up 14% sequentially but down 10% year over year, and the company reported backlog of $451 million as of June 30, 2026.
Key points
- Revenue $156.7 million, up 8% sequentially and down 5% year over year
- Net income $5.9 million ($0.10 per share) versus $1.1 million ($0.02 per share) in Q1 2026
- Adjusted EBITDA $19.0 million, up 14% sequentially and down 10% year over year
- Backlog $451 million at June 30, 2026; quarterly bookings $114 million, book-to-bill 1.2x
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.