Q2 2025 Oil States International Inc Earnings Call Transcript

Jul 31, 2025 / 02:00 PM GMT

Release Date Price: $5.2

Transcript 10-Q8-K

Key Points

Positve

Oil States International Inc (OIS) achieved the midpoint of its guided EBITDA range for Q2 2025, driven by strong international and offshore activity.
The company's offshore manufactured products segment delivered strong performance with a 15% sequential revenue increase and an 18% rise in adjusted segment EBITDA.
Backlog increased to $363 million, the highest level since September 2015, with robust bookings of $112 million, indicating sustained demand.
OIS generated $8 million of free cash flow in Q2 2025, which was used to repurchase $7 million of common stock and $15 million of convertible senior notes.
The company received a 2025 Meritorious Engineering Award for its low impact workover package, highlighting its commitment to technology and innovation.

Negative

US land drilling and completion activity declined significantly, with rig count down 8% and frac spread count down 14% from March 31, 2025.
Completion and production services and downhole technology segments experienced sequential quarter revenue declines of 15% and 10%, respectively.
The company made the strategic decision to exit three additional land-based facilities and reduce its US land-focused workforce due to market conditions.
OIS's capital expenditures were elevated due to the construction of a new manufacturing facility in Bataan, Indonesia, impacting cash flow.
The company anticipates a reduction in full-year revenue guidance due to the streamlining of US land operations, lowering the range to $685 to $700 million.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OIS.N - Oil States International Inc
Q2 2025 Oil States International Inc Earnings Call
Jul 31, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Jay, and I will be a conference operator today. At this time, I would like to welcome everyone to the Oil state's 2nd quarter 2025 earnings call. All lines have been placed on me to prevent any background noise.

After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, followed by the number 1 on your telephone keypad. If you would like to withdraw your question, just press one again. I would now like to turn the conference over to Ellen Pennington, VP of Human Resources. You may begin.

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