Oil States International, Inc. (OIS) SEC Filings & Earnings Calls

Middle East conflict disruption

“these evolving military actions have resulted in customer delays in project awards, cost increases and supply-chain and logistical constraints in the Middle East region, which have negatively impacted demand for our products and services in the area and limited our access to and increased the price of certain raw materials and other products used in our oper” · word for word

Strait of Hormuz disruption

“the restriction or cessation of maritime traffic through the Strait of Hormuz has significantly depressed global supply of oil and natural gas, resulting in increased volatility and overall elevated prices, as well as causing overall disruptions in global commodities markets.” · word for word

Tariff cost pressure

“If we encounter difficulty in procuring raw materials and component products, or if the prices we pay for these products remain at current levels or increase and we are unable to pass corresponding cost increases on to our customers, our financial position, cash flows and results of operations would be adversely affected.” · word for word

OPEC+ production increase

“increased oil and gas production from the UAE, along with any other country that may leave OPEC, could increase global oil and gas supply, resulting in lower oil and gas prices.” · word for word

Revenue declined 5% year-over-year; offshore segment revenue down 13% y/y

“Consolidated revenues $156.7M vs $165.4M y/y; Offshore Manufactured Products revenue down 13% y/y”

Middle East conflict disruption

“These evolving military actions have resulted in customer delays in project awards, cost increases and supply-chain and logistical constraints in the Middle East region, which have negatively impacted demand for our products and services in the area and limited our access to and increased the price of explosive powders used in our perforating operations duri” · word for word

Tariff cost pass-through risk

“If we encounter difficulty in procuring raw materials and component products, or if the prices we pay for these products remain at current levels or increase and we are unable to pass corresponding cost increases on to our customers, our financial position, cash flows and results of operations would be adversely affected.” · word for word

OPEC+ supply increase risk

“increased oil and gas production from the UAE, along with any other country that may leave OPEC, could increase global oil and gas supply, resulting in lower oil and gas prices.” · word for word

Geopolitical conflict in Middle East causing contract delays and cost increases

“CEO: 'heightened geopolitical conflict and ongoing uncertainty in the Middle East, which contributed to contract award delays, reduced revenue and increased costs'”

Continued exit of U.S. land-based operations with restructuring charges

“Charges of $4.1 million associated with the continued exit of certain U.S. land-based operations and asset impairments”

Revenue decline across all segments, particularly Completion and Production Services (-38% YoY)

“Completion and Production Services revenues $21.5M vs $34.5M YoY”

Downhole Technologies segment impairment risk

“During 2025, events and circumstances also indicated that the long-lived tangible and intangible assets (totaling $132.1 million as of December 1, 2025) of an asset group within the Downhole Technologies segment may not be recoverable.” · word for word

Oil and gas industry concentration risk

“Based on the nature of its customer base, the Company does not believe that it has any significant concentrations of credit risk other than its concentration in the worldwide oil and gas industry.” · word for word

Debt maturity risk

“The outstanding principal amount of the 2026 Notes was $52.7 million as of December 31, 2025 and $123.5 million as of December 31, 2024.” · word for word

Leadership transition risk without details on successors or strategic direction.

“Leadership changes announced but no details provided.”

U.S. Land Activity Decline

“Our results of operations for 2025 reflect the impact of increased capital investments by our offshore and international customers, offset by a decline in U.S. land-based investments, competitive market conditions, increased U.S. trade tariffs and management’s decision to exit certain underperforming locations, service lines and product offerings in the Unit” · word for word

Tariff Cost Pressure

“During 2025, we recognized non-cash long-lived asset and inventory impairment charges totaling $112.7 million due to the decline in U.S. activity levels, competitive market conditions, increased U.S. tariffs on imported goods and the exit of certain product offerings and technologies.” · word for word

Downhole Technologies Impairment Risk

“During 2025, we performed a fair value assessment of the long-lived assets of an asset group within the Downhole Technologies segment and recognized a non-cash impairment charge of $91.0 million.” · word for word

Restructuring charges and asset impairments of $124.9M in Q4 2025, primarily from U.S. land-based operations, indicating ongoing operational challenges in that segment.

“Fourth quarter 2025 net loss included charges of $124.9 million ($124.8 million after-tax or $2.17 per share) primarily associated with asset impairments and the continued restructuring of certain U.S. land-based operations and facilities.” · word for word

Completion and Production Services segment revenue declined 23% YoY and 16% sequentially, reflecting exit from commoditized offerings and restructuring.

“Completion and Production Services revenues of $23.1 million, compared to $27.5 million in Q3 2025 and $30.1 million in Q4 2024.”

Covenant requirements may restrict financial flexibility.

“Requires interest coverage ratio of not less than 3.00 to 1.00 and total net leverage ratio of no more than 2.50 to 1.00.”

Commodity price risk

“The third quarter 2025 average spot price of WTI crude oil declined 8% from the first quarter 2025 average.” · word for word

Supply chain disruption

“On October 10, 2025, an explosion occurred at one of the facilities of a major U.S. supplier of explosive powders to the perforating industry.” · word for word

Tariff risk

“U.S. tariffs on certain steel and other metal components we import from China substantially increased the cost of those products.” · word for word

Restructuring risk

“During the first nine months of 2025, we made the strategic decision to exit three additional service facilities... incurring $8.1 million of associated pre-tax charges.” · word for word

U.S. land operations face headwinds from lower commodity prices and tariff costs, leading to revenue decline and restructuring charges.

“headwinds in the United States created by lower commodity prices, falling U.S. activity levels and increasing costs associated with tariffs on imported goods” · word for word