NYSE$OIS
Oil States International Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Oil States reported improved results driven by increased activity and demand, achieving net income positivity and strong cash flow.
Oil States International, Inc. reported net income of $2.1 million, or $0.03 per share, for the third quarter of 2022. The company generated revenues of $189.4 million and Adjusted Consolidated EBITDA of $22.0 million. The results showed improvement compared to the second quarter of 2022, with positive net income and sequential improvements across all business segments.
- Net income was positive for the quarter, with earnings of $2.1 million, or $0.03 per share.
- Revenues increased to $189.4 million, compared to $181.8 million in the previous quarter.
- Generated $29.0 million in cash flow from operations during the quarter.
- Backlog totaled $258 million as of September 30, with a quarterly book-to-bill ratio of 1.2x.
Headline financials
Revenue & EPS history
Oil States · Revenue · Quarterly
$189M
Revenue by segment
Oil States · $129M total across 2 segments · Q3 2022
- Offshore Manufactured Products$96M—74.5%
- Downhole Technologies$32.8M—25.5%
Forward guidance
The outlook for the business continues to be strong, despite macroeconomic challenges due to low global inventories of crude oil and related products. The company is focused on proactively managing supply chain and inflationary impacts to the business in order to support the growing needs of its customer base.
Tailwinds
- Strong business outlook despite macroeconomic challenges.
- Focus on managing supply chain and inflationary impacts.
- Commitment to supporting the growing needs of the customer base.
- Further deleveraging.
- Improving stockholder returns through prudent capital allocation.
Headwinds
- Macroeconomic challenges due to low global inventories of crude oil.
- Supply chain impacts.
- Inflationary impacts.
- Geopolitical tensions.
- Regulatory pressures related to environmental, social and governance considerations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+1.0%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.0%
Avg return
30 days after
53%
36 / 68 earnings
Positive
+25.0%
Q4 2025
Best reaction
-23.9%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -13.6% | -22.3% | -22.2% | |
| Q4 2025 | +25.0% | +34.3% | +21.6% | |
| Q3 2025 | +3.5% | -2.4% | -4.1% | |
| Q1 2025 | +23.1% | +18.8% | +23.9% | |
| Q4 2024 | -11.7% | -0.7% | -1.5% | |
| Q3 2024 | +13.2% | +12.9% | +31.6% | |
| Q2 2024 | +17.1% | +12.4% | +9.9% | |
| Q1 2024 | -23.9% | -24.2% | -14.3% | |
| Q4 2023 | -6.9% | -9.0% | +0.3% | |
| Q3 2023 | +4.6% | +1.0% | -3.8% | |
| Q2 2023 | -11.8% | -10.9% | -13.7% | |
| Q1 2023 | -5.6% | -8.4% | -7.8% | |
| Q4 2022 | +9.1% | +6.0% | -15.8% | |
| Q3 2022 | -0.9% | +13.5% | +11.8% | |
| Q2 2022 | -0.8% | +0.2% | +7.4% | |
| Q1 2022 | +4.3% | +5.4% | +19.9% | |
| Q4 2021 | -1.2% | -14.8% | +1.1% | |
| Q3 2021 | +1.3% | +12.5% | -20.8% | |
| Q2 2021 | -0.7% | -8.7% | -0.8% | |
| Q1 2021 | +6.6% | +3.9% | +14.6% | |
| Q4 2020 | -4.5% | +4.8% | -6.6% | |
| Q3 2020 | -1.2% | +13.9% | +89.3% | |
| Q2 2020 | -6.7% | -7.1% | -8.5% | |
| Q1 2020 | +20.7% | +14.4% | +48.8% | |
| Q4 2019 | -7.4% | -18.5% | -81.7% | |
| Q3 2019 | +7.3% | +11.2% | +16.0% | |
| Q2 2019 | +8.1% | +1.8% | -0.8% | |
| Q1 2019 | +1.8% | +4.6% | -13.0% | |
| Q4 2018 | -1.5% | +4.7% | -10.5% | |
| Q3 2018 | +0.9% | -2.1% | -2.0% | |
| Q2 2018 | +3.1% | -2.7% | +1.8% | |
| Q1 2018 | +12.6% | +8.9% | +6.1% | |
| Q4 2017 | -2.7% | -1.4% | -9.0% | |
| Q3 2017 | -4.6% | +2.0% | +0.7% | |
| Q2 2017 | -9.0% | -5.8% | -17.7% | |
| Q1 2017 | -8.3% | -11.0% | -10.0% | |
| Q4 2016 | -8.9% | -11.3% | -19.9% | |
| Q3 2016 | -4.5% | -6.9% | +5.6% | |
| Q2 2016 | +4.3% | +7.1% | +11.7% | |
| Q1 2016 | +4.2% | — | — | |
| Q4 2015 | -1.0% | — | — | |
| Q3 2015 | +2.0% | — | — | |
| Q2 2015 | +8.9% | — | — | |
| Q1 2015 | +9.5% | — | — | |
| Q4 2014 | -0.5% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | -2.2% | — | — | |
| Q1 2014 | -2.5% | — | — | |
| Q4 2013 | -2.8% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q2 2013 | +2.4% | — | — | |
| Q1 2013 | -3.3% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | -1.6% | — | — | |
| Q2 2012 | -1.7% | — | — | |
| Q1 2012 | +8.3% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2011 | +4.3% | — | — | |
| Q2 2011 | +1.8% | — | — | |
| Q1 2010 | +5.4% | — | — | |
| Q1 2011 | +2.4% | — | — | |
| Q4 2008 | -4.1% | — | — | |
| Q4 2010 | -4.1% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q3 2009 | +0.5% | — | — | |
| Q2 2010 | +2.9% | — | — | |
| Q2 2009 | +2.9% | — | — | |
| Q4 2009 | +2.9% | — | — |
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