Oil States International, Inc. reported its financial results for the second quarter of 2025, showing a net income of $2.8 million, or $0.05 per share, and Adjusted EBITDA of $21.1 million on revenues of $165.4 million. This compares to revenues of $159.9 million and net income of $3.2 million, or $0.05 per share, in the first quarter of 2025. The second quarter net income included charges and credits totaling $3.3 million, primarily linked to the exit of U.S. land-based facilities and personnel reductions. The Offshore Manufactured Products segment saw a 15% sequential increase in revenues, totaling $107 million, with Adjusted Segment EBITDA up 18% to $21 million. However, the Completion and Production Services and Downhole Technologies segments faced challenges due to a reduction in U.S. land completion-related activity, resulting in a 13% decline in combined revenues and a 12% decrease in Adjusted EBITDA from the first quarter of 2025. The company's restructuring efforts in the U.S. land segment led to its revenue mix decreasing from 36% of total revenues in the second quarter of 2024 to 28% in the current quarter. Additionally, Oil States International received a 2025 Meritorious Engineering award from Hart Energy for its Low Impact Workover Package, which improves plug and abandonment operations.
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