Oil States International (OIS) Q2 2026 Earnings Call Transcript

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DATE

Thursday, July 30, 2026, astatine 10 a.m. ET

CALL PARTICIPANTS

• Senior Counsel and Vice President of HR - Ellen Pennington

• President and Chief Executive Officer - Lloyd Hajdik

• Executive Vice President and Chief Financial Officer - Matthew Autenrieth

Full Conference Call Transcript

Operator: Hello, everyone. Thank you for joining us, and invited to the Oil States 2Q '26 net call. [Operator Instructions] I volition present crook the league implicit to Ellen Pennington, Senior Counsel and Vice President of HR. Ellen, delight spell ahead.

Ellen Pennington: Thank you, Trevor. Good morning, and invited to Oil States' 2nd 4th 2026 net league call. Our telephone contiguous volition beryllium led by our President and CEO, Lloyd Hajdik, and Matt Autenrieth, Oil States' Executive Vice President and Chief Financial Officer. Before we begin, we would similar to caution listeners regarding forward-looking statements. To the grade that our remarks contiguous incorporate accusation different than humanities information, delight enactment that we are relying connected the harmless harbor protections afforded by national law. No 1 should presume that these forward-looking statements stay valid aboriginal successful the 4th oregon beyond.

Any specified remarks should beryllium weighed successful the discourse of the galore factors that impact our business, including those risks disclosed successful our 2025 Form 10-K and Form 10-K/A, on with different caller SEC filings. This telephone is being webcast and tin beryllium accessed astatine Oil States' website. A replay of the league telephone volition beryllium disposable 2 hours aft the completion of this telephone and volition proceed to beryllium disposable for 12 months. I'll present crook the telephone implicit to Lloyd.

Lloyd Hajdik: Thanks, Ellen, and bully morning, everyone. Thank you for joining our league telephone today, wherever we volition sermon our 2nd 4th of 2026 results and supply our thoughts connected marketplace trends, successful summation to discussing our company-specific strategy and outlook for the remainder of the year. As we advancement done 2026, our extremity markets proceed to beryllium influenced by a operation of constructive semipermanent fundamentals and ongoing near-term uncertainty. During the 2nd quarter, commodity prices remained volatile, driven mostly by geopolitical developments, proviso disruptions, and moderated expectations for planetary economical growth. Conflict successful the Middle East portion continues to interaction our operations and again contributed to definite declaration grant delays.

Notwithstanding these and different grant delays, we achieved a book-to-bill ratio of 1.2x. While these dynamics person tempered near-term gross conversion successful our project-driven businesses, they bash not alteration our semipermanent offshore and planetary accidental set. The request for unafraid and diversified vigor proviso continues to thrust longer-cycle deepwater concern arsenic good arsenic incremental land-based enactment levels. We judge that nationalist lipid companies and large operators volition refocus connected expanding accumulation capacity, making multi-year investments to conscionable planetary vigor request erstwhile the Middle East disruptions settee down. In the United States, lawsuit enactment roseate modestly arsenic operators continued to show superior subject and prioritize operational ratio and instrumentality of superior to stockholders.