Oil States publishes investor presentation on offshore and international growth strategy

Oil States outlined a strategy centered on offshore and international growth, citing accelerating activity and a backlog near the highest level in a decade.

Offshore Manufactured Products backlog of USD 451 million as of June 30, 2026; year-to-date book-to-bill ratio of 1.1x.

First-half 2026 consolidated revenue of USD 302 million; adjusted EBITDA of USD 36 million.

Balance sheet showed USD 20 million cash; net cash of USD 1 million as of June 30, 2026.

Valuation metrics cited EV/2026 consensus EBITDA of 6.3x; 2026 consensus free cash flow yield of 7.3%.

Investor presentation highlights offshore and international growth strategy

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