1213 ET - The Supreme Court's rejection of President Trump's tariffs is "welcome news" that could provide more stability for companies, Oil States International Chief Executive Cindy Taylor says on an analyst call. Oil States, which manufactures engineered equipment and provides field services for the oil and gas industry, will have a more predictable cost structure and regain some of its competitive edge with the absence of tariffs, Taylor says. The tariff rate on certain Oil States goods increased from 25% to 98% in mid-2025, she says. "With weaker market in the US and a lot of competition that came into the market, it was very hard to pass those costs on to our customers," says Taylor. Oil States International surges 13%.(katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

February 20, 2026 12:14 ET (17:14 GMT)

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