Oil States International, Inc. Files 10-Q for Period Ending March 31, 2024
Ticker: OIS · Form: 10-Q · Filed: 2024-04-26T00:00:00.000Z
Sentiment: neutral
Topics: Oil & Gas Equipment, 10-Q Filing, Revenue Breakdown, Financial Performance, Net Loss
TL;DR
<b>Oil States International, Inc. reported Q1 2024 revenues of $168.7 million, with a net loss for the period.</b>
AI Summary
OIL STATES INTERNATIONAL, INC (OIS) filed a Quarterly Report (10-Q) with the SEC on April 26, 2024. Total revenue for the first quarter of 2024 was $168.7 million. Revenue from Offshore Manufactured Products was $57.5 million for Q1 2024. Revenue from Well Site Services was $71.1 million for Q1 2024. Revenue from Downhole Technologies was $40.1 million for Q1 2024. The company reported a net loss for the period.
Why It Matters
For investors and stakeholders tracking OIL STATES INTERNATIONAL, INC, this filing contains several important signals. The filing provides a detailed breakdown of revenue by segment, allowing investors to track performance in key business areas. The net loss indicates potential challenges or ongoing investments impacting profitability in the current quarter.
Risk Assessment
Risk Level: medium — OIL STATES INTERNATIONAL, INC shows moderate risk based on this filing. The company reported a net loss, which could indicate financial pressures or strategic investments impacting short-term profitability.
Analyst Insight
Monitor the company's ability to return to profitability in subsequent quarters and analyze the drivers of the net loss.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Offshore Manufactured Products | 57.5 | |
| Well Site Services | 71.1 | |
| Downhole Technologies | 40.1 |
Key Numbers
- 168.7 — Total Revenue (Q1 2024)
- 57.5 — Offshore Manufactured Products Revenue (Q1 2024)
- 71.1 — Well Site Services Revenue (Q1 2024)
- 40.1 — Downhole Technologies Revenue (Q1 2024)
Key Players & Entities
- OIL STATES INTERNATIONAL, INC (company) — Filer
- 2024-03-31 (date) — Period of Report
- 2024-04-26 (date) — Filing Date
- THREE ALLEN CENTER (location) — Business Address
- HOUSTON (location) — Business Address City
FAQ
When did OIL STATES INTERNATIONAL, INC file this 10-Q?
OIL STATES INTERNATIONAL, INC filed this Quarterly Report (10-Q) with the SEC on April 26, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by OIL STATES INTERNATIONAL, INC (OIS).
Where can I read the original 10-Q filing from OIL STATES INTERNATIONAL, INC?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by OIL STATES INTERNATIONAL, INC.
What are the key takeaways from OIL STATES INTERNATIONAL, INC's 10-Q?
OIL STATES INTERNATIONAL, INC filed this 10-Q on April 26, 2024. Key takeaways: Total revenue for the first quarter of 2024 was $168.7 million.. Revenue from Offshore Manufactured Products was $57.5 million for Q1 2024.. Revenue from Well Site Services was $71.1 million for Q1 2024..
Is OIL STATES INTERNATIONAL, INC a risky investment based on this filing?
Based on this 10-Q, OIL STATES INTERNATIONAL, INC presents a moderate-risk profile. The company reported a net loss, which could indicate financial pressures or strategic investments impacting short-term profitability.
What should investors do after reading OIL STATES INTERNATIONAL, INC's 10-Q?
Monitor the company's ability to return to profitability in subsequent quarters and analyze the drivers of the net loss. The overall sentiment from this filing is neutral.
How does OIL STATES INTERNATIONAL, INC compare to its industry peers?
Oil States International operates in the oil and gas industry, providing manufactured products and services to the energy sector.
Are there regulatory concerns for OIL STATES INTERNATIONAL, INC?
The filing is a 10-Q, a quarterly report required by the SEC for publicly traded companies.
Industry Context
Oil States International operates in the oil and gas industry, providing manufactured products and services to the energy sector.
Regulatory Implications
The filing is a 10-Q, a quarterly report required by the SEC for publicly traded companies.
What Investors Should Do
- Analyze the specific reasons for the net loss reported in Q1 2024.
- Compare segment revenues to prior periods to identify growth or decline trends.
- Review management's discussion and analysis for insights into future outlook and strategies.
Key Dates
- 2024-03-31: Quarter End — Reporting period for the 10-Q
- 2024-04-26: Filing Date — Date the 10-Q was submitted to the SEC
Year-Over-Year Comparison
This is the Q1 2024 filing, providing updated financial information compared to the previous quarter's filings.
From the Filing
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