Oil States Posts $117M Q4 Loss, $178.5M Revenue; Adjusted EPS $0.13
Oil States reported a fourth-quarter GAAP net loss of $117.2 million (loss of $2.04/share) but delivered adjusted earnings of $0.13 per share, beating consensus of $0.11. Quarterly revenue was $178.5 million and full-year revenue reached $669 million, with a full-year net loss of $109.4 million ($1.86/share).
1. Fourth-Quarter Performance
Oil States International reported a fourth-quarter GAAP net loss of $117.2 million, or $2.04 per share, while delivering adjusted earnings of $0.13 per share, surpassing consensus estimates of $0.11.
2. Revenue Highlights
The energy services company generated $178.5 million in revenue during the fourth quarter and achieved $669 million in revenue for the full year.
3. Annual Results
For the full year, Oil States recorded a net loss of $109.4 million, or $1.86 per share, reflecting ongoing margin pressures in its service operations.