NYSE$OIS

Oil States International Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Oil States' Q4 results showed improvement with expanding U.S. land-based completion activity.

Oil States International, Inc. reported a net loss of $18.7 million for Q4 2020, with revenues of $137.4 million. The results were positively influenced by increased U.S. land-based completion activity and improved commodity prices.

  • Downhole Technologies segment revenues increased 24% sequentially, with Adjusted Segment EBITDA of $2.0 million.
  • Well Site Services segment revenues increased 3% sequentially, with a 20% revenue increase excluding the Northeast region.
  • Offshore/Manufactured Products segment revenues declined 4% sequentially, with bookings totaling $65 million and a book-to-bill ratio of 0.9x.
  • The company generated $133 million of cash flow from operations in 2020 and reduced total net debt by $128 million.

Headline financials

Total Revenue

$137M

Previous: $238M-42.4%
EPS (adj)

-$0.21

Previous: -$0.16-31.2%
Book-to-bill Ratio

0.9

Previous: 0.9+0.0%
Capital Expenditures

$1.47M

Previous: $10.3M-85.7%
Free Cash Flow

$141K

Previous: $11.3M-98.7%
Net Income

-$18.7M

Previous: -$176M+89.4%
Operating Income

-$28.4M

Previous: -$170M+83.4%
Gross Profit

-$1.37M

Previous: $16.3M-108.4%
Cash & Equivalents

$72M

Previous: $8.5M+747.2%
Total Assets

$1.15B

Previous: $1.73B-33.3%
Stock-Based Comp

$3.09M

Previous: $3.95M-21.8%

Revenue & EPS history

Oil States · Revenue · Quarterly

$137M

Q4 2020-42.4%vs Q4 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Oil States · $134M total across 2 segments · Q3 2023

  • Offshore Manufactured Products
    $111M+15.7%
  • Downhole Technologies
    $23.4M-28.6%

Forward guidance

Oil States entered into a new $125 million asset-based bank credit facility on February 10, 2021, which together with cash on-hand provides ample liquidity. The management team will continue to align global operations to efficiently and effectively serve customers’ technically challenging requirements, while diligently managing costs and operating assets.

Tailwinds

  • New $125 million asset-based bank credit facility.
  • Ample liquidity to respond to challenges.
  • Focus on efficiently serving customers.
  • Diligently managing costs.
  • Operating assets.

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 Q4 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro