Oil States Q2 FY26 net income climbs to $5.91 million; revenue rises 8% quarter-on-quarter to $156.66 million - OIS News | RalliesOil States Q2 FY26 net income climbs to $5.91 million; revenue rises 8% quarter-on-quarter to $156.66 million
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OIS• Quarterly results and operating metrics
- Oil States posted Q2 2026 net income of $5.9 million, or $0.10 per share, as revenue rose 8% sequentially to $156.7 million.
- Adjusted EBITDA (non-GAAP) increased 14% from the prior quarter to $19 million.
- Offshore Manufactured Products backlog climbed 5% sequentially; quarterly bookings reached $114 million, producing a 1.2x book-to-bill ratio.
- Downhole Technologies revenue rose to $39.7 million, the highest level since Q2 2023.
- The company retired the remaining $52.7 million principal of its 4.75% convertible senior notes on April 1 and bought back $5 million of common stock.
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