Filing Flows › Oil States International (OIS) › Q3 2026
Oil States International (OIS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Oil States International (OIS) reported revenue of $170M for the third quarter 2026 (Q3 2026), +3% from a year earlier and +8% from the quarter before. Operating margin was 3.7%, net earnings $3.1M (1.8% of revenue).
Oil States International, Q3 2026: revenue $170M (+3% year over year), operating margin 3.7%, net earnings $3.1M, operating cash flow $5.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $170M | +8% | +3% |
| Operating profit | $6.3M | -46% | +33% |
| Net earnings | $3.1M | -47% | +64% |
| Operating cash flow | $5.3M | — | -83% |
| Free cash flow | $2.1M | — | -91% |
What changed
Revenue was $169.8M in Q3 2026, up 3% year over year and up 8% from the previous quarter. Offshore Manufactured Products was the largest line at 61% of revenue. Downhole Technologies added $13.2M year over year (up 45%), 288% of the total change. Completion and Production Services declined 16%.
Operating profit was $6.3M, a 3.7% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 35% reached operating profit, above the 3% margin then. Total costs grew 2% against revenue growth of 3%. The fastest-growing cost line was SG&A (+16%). Net earnings were $3.1M, up 64% year over year. The effective tax rate was 40.7%.
Operating cash flow was $5.3M (down 83% year over year), 170% of net earnings. Non-cash charges added back $8.0M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $9.6M. Capital expenditures of $3.2M left free cash flow of $2.1M.
Questions
What was Oil States International's revenue in the third quarter 2026?
Oil States International (OIS) reported revenue of $170M for the third quarter 2026 (Q3 2026), +3% from a year earlier and +8% from the quarter before.
Was Oil States International profitable in the third quarter 2026?
Operating profit was $6.3M (3.7% of revenue) and net earnings $3.1M.