Filing Flows › Oil States International (OIS) › Q1 2026
Oil States International (OIS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Oil States International (OIS) reported revenue of $145M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -19% from the quarter before. Operating margin was 2.9%, net earnings $1.1M (0.8% of revenue).
Oil States International, Q1 2026: revenue $145M (-9% year over year), operating margin 2.9%, net earnings $1.1M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $145M | -19% | -9% |
| Operating profit | $4.3M | — | -24% |
| Net earnings | $1.1M | — | -65% |
| Operating cash flow | −$1.9M | -104% | -120% |
What changed
Revenue was $145.4M in Q1 2026, down 9% year over year and down 19% from the previous quarter. Offshore Manufactured Products was the largest line at 63% of revenue. Completion and Production Services lost $13.0M year over year (down 38%), 89% of the total change.
Operating profit was $4.3M, a 2.9% margin (down 0.6 points year over year). Total costs fell 9% while revenue fell 9%. Net earnings were $1.1M, down 65% year over year. The effective tax rate was 65.9%.
Operating cash flow was −$1.9M. Non-cash charges added back $8.2M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $13.0M. Capital expenditures of $4.2M exceeded it, leaving free cash flow of −$6.1M.
Questions
What was Oil States International's revenue in the first quarter 2026?
Oil States International (OIS) reported revenue of $145M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -19% from the quarter before.
Was Oil States International profitable in the first quarter 2026?
Operating profit was $4.3M (2.9% of revenue) and net earnings $1.1M.