May 17, 2018 - 7:00 AM EDT
Print Email Article Font Down Font Up Charts

Free Post Earnings Research Report: Oil States' Q1 Results Beat Estimates

Stock Monitor: CSI Compressco Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 17, 2018 / If you want access to our free earnings report on Oil States International, Inc. (NYSE: OIS) (''Oil States''), all you need to do is sign up now by clicking the following link The Company released its financial results on April 25, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Houston, Texas-based Company's total revenues grew on a y-o-y basis, outperforming market consensus estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below: is currently working on the research report for CSI Compressco LP (NASDAQ: CCLP), which also belongs to the Basic Materials sector as the Company Oil States Intl. Do not miss out and become a member today for free to access this upcoming report at: is focused on giving you timely information and the inside line on companies that matter to you. This morning, Oil States International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

Earnings Highlights and Summary

For Q1 FY18, Oil States' total revenues rose to $253.58 million from the $151.47 million recorded at the end of Q1 FY17. The Company's total revenue numbers for Q1 FY18 topped market consensus estimates of $227 million. The Company reported product revenues of $128.83 million, up from $73.18 million in the last year's same quarter. The Company's service revenues also increased to $124.75 million in the reported quarter from $78.29 million in Q1 FY17.

The energy services Company reported a net loss of $3.49 million, or $0.06 loss per diluted share, in Q1 FY18 compared to a net loss of $17.68 million, or $0.35 loss per diluted share, in Q1 FY17. The Company's net loss, excluding non-recurring items, stood at $0.8 million, or $0.01 loss per diluted share, in Q1 FY18 compared to Wall Street's net loss expectations of $0.14 loss per diluted share.

Operating Metrics

During the reported quarter, Oil States' product costs were $92.98 million versus $50.35 million in the prior year's comparable period. The Company's service costs increased to $96.91 million at the end Q1 FY18 from $68.56 million at the end of Q1 FY17. The Company's selling, general, and administrative expenses (SG&A) also grew to $34.20 million in Q1 FY18 from $27.73 million in Q1 FY17. The Company's total costs and expenses rose to $254.49 million in Q1 FY18 compared to $174.79 million in Q1 FY17. The Company's operating loss also narrowed to $0.91 million during the reported quarter from $23.32 million in Q1 FY17. Furthermore, the Company reported an adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $32.29 million in Q1 FY18 versus $5.43 million in Q1 FY17.

Segment Results

Oil States' Well Site Services segment's revenues came in at $100.40 million in Q1 FY18 compared to $60.15 million in the year ago corresponding quarter. The segment's Floater's operating loss amounted to $6.78 million in Q1 FY18, lower than $20.70 million in Q1 FY17. Additionally, the segment's adjusted EBITDA increased to $13.11 million during Q1 FY18 from $1.12 million in Q1 FY17.

For Q1 FY18, the Company's Downhole Technologies segment's revenues were $45.78 million, with a net income of $8.05 million. Furthermore, the segment reported an adjusted EBITDA of $12.14 million in Q1 FY18.

The Company's Offshore/Manufactured Products segment's revenues were $107.40 million in Q1 FY18 compared to $91.31 million in Q1 FY17. The segment's operating income stood at $12.45 million in the reported quarter versus $9.46 million in the last year's comparable quarter. Moreover, the segment's adjusted EBITDA also increased to $19.07 million in Q1 FY18 from $16.14 million in Q1 FY17.

Balance Sheet

For the quarter ended March 31, 2018, Oil States used cash in its operating activities of $12.25 million compared to net cash flows provided by operating activities of $31.56 million in the previous year's same quarter. As on March 31, 2018, the Company had a cash and cash equivalents balance of $25.15 million compared to $53.46 million as on December 31, 2017. Furthermore, the Company reported a long-term debt and capitalized leases balance of $377.95 million as on March 31, 2018, compared to $4.87 million as on December 31, 2017.

Stock Performance Snapshot

May 16, 2018 - At Wednesday's closing bell, Oil States International's stock slightly rose 0.27%, ending the trading session at $36.80.

Volume traded for the day: 606.65 thousand shares.

Stock performance in the last month - up 18.71%; previous three-month period - up 28.00%; past twelve-month period - up 23.28%; and year-to-date - up 30.04%

After yesterday's close, Oil States International's market cap was at $2.21 billion.

The stock is part of the Basic Materials sector, categorized under the Oil & Gas Equipment & Services industry. This sector was up 0.5% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the ''Author'') and is fact checked and reviewed by a third-party research service company (the ''Reviewer'') represented by a credentialed financial analyst. For further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the ''Sponsor''), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

Source: ACCESSWIRE Investor Awareness (May 17, 2018 - 7:00 AM EDT)

News by QuoteMedia

Legal Notice