OIL STATES INTERNATIONAL, INC

Oil States International, Inc. (NYSE: OIL) operates as a global provider of manufactured products and services to customers in the energy, military, and industrial sectors. The company maintains its website at www.oilstatesintl.com and is headquartered in Houston, Texas with manufacturing and service facilities strategically positioned across the globe.

The company operates through three primary business segments. The Offshore Manufactured Products segment, which generated 64 percent of consolidated revenue, provides technology-driven, highly-engineered products and services for offshore oil and natural gas production systems and facilities. This segment offers FlexJoint technology, advanced connector systems, high-pressure riser systems, managed pressure drilling systems, compact valves, deepwater mooring systems, cranes, subsea pipeline products, and offshore installation and inspection services. The segment also serves non-traditional energy customers with subsea mineral gathering systems, offshore wind designs, geothermal products, and naval military applications. The Completion and Production Services segment contributed 17 percent of revenue and includes equipment and services used to establish and maintain oil and natural gas flow throughout a well's lifecycle, primarily serving onshore and offshore applications. The Downhole Technologies segment accounted for 18 percent of revenue and provides oil and gas perforation systems, downhole tools, and services supporting completion, intervention, wireline, and well abandonment operations.

As of December 31, 2025, Oil States employed 2,172 full-time employees distributed across its three segments and corporate headquarters. The company serves a diverse customer base including national oil and natural gas companies, major and independent oil and natural gas companies, offshore drilling companies, and other oilfield service, defense, and industrial companies. No single customer represented more than 10 percent of consolidated revenue across any segment.

The company's backlog in its Offshore Manufactured Products segment reached $435 million as of December 31, 2025, with approximately 50 percent expected to be recognized as revenue during 2026. Oil States maintains various patents covering technology in connector and valve product lines, as well as downhole extended-reach technology. The company's business is cyclical and substantially dependent upon activity levels in the oil and natural gas industry and customer capital spending programs based on commodity price outlooks.