Oil States Q3 net income rises 64% year-over-year to $3.12 million
Bitget2026/10/30 11:02- Oil States International’s third-quarter 2026 net income fell 47% from the previous quarter to $3.12 million.
- Revenues rose 8% from the previous quarter to $169.76 million, driven by strong demand in Offshore Manufactured Products and Downhole Technologies.
- Offshore Manufactured Products backlog grew 7% sequentially to $482 million, its highest level since December 2014.
- The board authorized a new $50 million common stock repurchase plan October 29, 2026, extending through October 2028.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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