Workflow
Oil States International(OIS)
icon
Search documents
Oil States International(OIS) - 2021 Q1 - Quarterly Report
2021-04-29 20:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-16337 OIL STATES INTERNATIONAL, INC. (Exact name of registrant as ...
Oil States International (OIS) Investor Presentation - Slideshow
2021-03-08 10:04
March 2021 Investor Presentation Forward-looking Statements This presentation and other statements we make contain certain "forward–looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of important factors, including incorrect or changed assumptions, the level of supply and demand for oil and natural gas, ...
Oil States International(OIS) - 2020 Q4 - Annual Report
2021-02-22 22:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ Form 10-K ____________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file no. 001-16337 Oil States International, Inc. (Exact name of registrant as specified in its charter) D ...
Oil States International(OIS) - 2020 Q4 - Earnings Call Transcript
2021-02-18 20:03
Financial Data and Key Metrics Changes - For Q4 2020, the company generated revenues of $137 million, a 2% sequential increase, but reported a net loss of $19 million or $0.31 per share [15][10] - Adjusted consolidated EBITDA improved significantly due to better cost absorption in U.S. businesses [15] - The company generated $133 million of cash flow from operations in 2020, reducing total net debt by $128 million [13][17] Business Line Data and Key Metrics Changes - **Well Site Services**: Revenues increased 3% sequentially, with Adjusted Segment EBITDA margins improving [11] - **Completion Services**: Incremental adjusted EBITDA margins reached 89% [11] - **Downhole Technology**: Revenues increased 24% sequentially, with Adjusted Segment EBITDA margins also improving significantly [11][26] - **Offshore/Manufactured Products**: Revenues decreased 4% sequentially due to weaker connector product sales, with a segment backlog of $219 million [12][23] Market Data and Key Metrics Changes - The average U.S. rig count for Q4 2020 was 311 rigs, up 22% sequentially, while the average U.S. frac spread count increased by 67% sequentially [31] - As of early Q1 2021, the average frac spread count increased by about 20% since Q4 2020, indicating a favorable setup for U.S. shale-driven products and services [32] Company Strategy and Development Direction - The company is focused on enhancing operational efficiencies and developing new technologies in response to customer needs [41][42] - There is a strategic emphasis on maintaining liquidity and managing costs while exploring M&A opportunities that are highly strategic and capital-light [60][61] - The company aims to leverage its expertise in offshore fixed platform installations to bid on emerging opportunities in offshore wind and subsea mining [63][64] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2020 due to COVID-19 and the subsequent recovery in the oil and gas market [7][8] - The outlook for 2021 suggests flat or modestly declining consolidated revenue, with expectations of EBITDA growth driven by cost mitigation efforts [34][35] - Management expressed optimism about the first quarter of 2021, despite recent severe weather impacting operations [78] Other Important Information - The company entered into a new $125 million asset-based revolving credit agreement, enhancing liquidity [18][21] - The company expects to invest approximately $15 million in total CapEx during 2021, flat compared to 2020 spending levels [21] Q&A Session Summary Question: Focus on new completion technology - Management detailed their focus on Downhole Technology and operational efficiencies in Well Site Services, highlighting investments in integrated gun systems and valve technology [40][41][42] Question: Order book for subsea mining and wind opportunities - Management indicated that these are early-stage developments with limited bookings in 2020, but they are optimistic about future contributions [45][46] Question: Strategies to boost EBITDA and cash flow - Management emphasized a focus on return on net capital employed and cautious capital allocation, with potential M&A opportunities being highly strategic [58][60] Question: Competitive landscape for emerging opportunities - Management highlighted their expertise in fixed platform installations as a competitive advantage in bidding for offshore wind and subsea mining projects [63][64] Question: Year-over-year revenue growth expectations - Management expects Well Site Services to grow year-over-year by 5% to 10%, while Downhole Technologies could see growth of 20% to 30% [83][84] Question: Pricing improvement and margin normalization - Management stated that higher top-line revenue is needed for margin improvement, with some expectations for pricing increases in the U.S. land market [88][90]
Oil States International(OIS) - 2020 Q3 - Earnings Call Transcript
2020-10-31 02:49
Financial Data and Key Metrics Changes - The company reported its third quarter 2020 earnings, with specific financial metrics to be discussed by the management team [3][5]. Business Line Data and Key Metrics Changes - Detailed performance across various business lines will be provided during the call, highlighting any significant changes in revenue or operational efficiency [3][5]. Market Data and Key Metrics Changes - The management will address market conditions and any shifts in demand that may have impacted the company's performance during the quarter [3][5]. Company Strategy and Development Direction and Industry Competition - The company’s strategic direction and competitive landscape will be outlined, focusing on how it plans to navigate the current economic environment [3][5]. Management's Comments on Operating Environment and Future Outlook - Management will provide insights into the operating environment and their outlook for the future, including any anticipated challenges or opportunities [3][5]. Other Important Information - The call will include forward-looking statements and cautionary notes regarding the risks associated with such statements, emphasizing the importance of considering various factors affecting the business [4]. Q&A Session Summary Question: What are the expectations for the upcoming quarters? - Management will likely address expectations for future performance and any strategic initiatives planned to enhance growth [3][5].
Oil States International(OIS) - 2020 Q3 - Quarterly Report
2020-10-30 18:38
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-16337 OIL STATES INTERNATIONAL, INC. ______________ (Exact name of registrant as specified in ...
Oil States International(OIS) - 2020 Q2 - Earnings Call Transcript
2020-08-01 23:23
Oil States International, Inc. (NYSE:OIS) Q2 2020 Results Conference Call July 30, 2020 11:00 AM ET Company Participants Ellen Pennington - Counsel and Assistant Corporate Secretary Cindy Taylor - President and Chief Executive Officer Lloyd Hajdik - EVP and Chief Financial Officer Conference Call Participants Sean Meakim - JP Morgan Stephen Gengaro - Stifel George O'Leary - Tudor, Pickering, Holt & Company Kurt Hallead - RBC Capital Markets Connor Lynagh - Morgan Stanley John Daniel - Daniel Energy Operator ...
Oil States International(OIS) - 2020 Q2 - Quarterly Report
2020-07-30 22:43
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-16337 OIL STATES INTERNATIONAL, INC. | ______________ | | | | --- | --- | --- | | (Exact name of r ...
Oil States International(OIS) - 2020 Q1 - Earnings Call Transcript
2020-05-02 01:26
Oil States International, Inc. (NYSE:OIS) Q1 2020 Earnings Conference Call April 30, 2020 11:00 AM ET Company Participants Ellen Pennington – Counsel and Assistant Corporate Secretary Cindy Taylor – President and Chief Executive Officer Lloyd Hajdik – EVP and Chief Financial Officer Conference Call Participants George O'Leary – Tudor, Pickering, Holt & Co. Stephen Gengaro – Stifel Sean Meakim – J.P. Morgan Kurt Hallead – RBC Capital Markets Operator Welcome to the Oil States International 1Q 2020 Earnings C ...
Oil States International(OIS) - 2020 Q1 - Quarterly Report
2020-04-30 23:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q | (Mark One) | | --- | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the quarterly period ended March 31, 2020 | | OR | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the transition period from _____ to _____ | | Commission file number: 001-16337 | | OIL STATES INTERNATIONAL, INC. | | ______________ | | ...