Oil States International, Inc. Files Amendment to 2025 Annual Report: Key Investor Takeaways

Summary of the Filing

Oil States International, Inc. (“Oil States” or the “Company”) has filed Amendment No. 1 to its Annual Report on Form 10-K for the year ended December 31, 2025. This amendment (Form 10-K/A) was filed with the U.S. Securities and Exchange Commission (SEC) on March 26, 2026.

Key Points for Investors and Shareholders

• Nature of the Amendment: The amendment is solely to correct a clerical error in the “Report of Independent Registered Public Accounting Firm” from Ernst & Young LLP. The original 10-K filing included an incorrect date in the audit report. The Company has confirmed that this correction does not alter any financial information, disclosures, or management discussion or analysis contained in the original 2025 Form 10-K.
• Financial Statements and Auditor’s Opinion: The amendment contains the complete Item 8 (Financial Statements and Supplementary Data), Item 15 (Exhibits and Financial Statement Schedules), and relevant certifications from the CEO and CFO. Importantly, the auditor’s opinion remains unqualified—meaning the financial statements are presented fairly, in all material respects, in conformity with U.S. generally accepted accounting principles (GAAP).
• Internal Controls: Ernst & Young LLP also provided an unqualified opinion on Oil States’ internal control over financial reporting as of December 31, 2025. The audit was conducted in accordance with PCAOB standards, and the Company’s controls were found effective.
• Share Count: As of February 20, 2026, Oil States had 60,206,305 shares of common stock outstanding.
• Trading Information: Oil States’ common stock trades on the New York Stock Exchange (NYSE) under the symbol OIS.
• Issuer Status: Oil States is classified as an Accelerated Filer and is not a shell company, smaller reporting company, or emerging growth company. The Company is a seasoned issuer but not a well-known seasoned issuer.
• No Restatement or Financial Error: The amendment explicitly states that there are no corrections of errors in previously issued financial statements and no restatements that would require recovery analysis of incentive-based compensation for executive officers.
• Critical Audit Matters: The auditor identified key audit areas, including:
  • Revenue Recognition: Especially for product revenues recognized over time on project-driven contracts, involving subjective estimates of total costs and profit. The audit team tested the effectiveness of controls and management’s estimates.
  • Impairment Analysis: The assessment of long-lived assets, especially in the Downhole Technologies segment, due to the use of management estimates for future cash flows, discount rates, and market conditions. The audit included thorough review and challenge of these estimates with the assistance of fair value specialists.
• Financial Results – Headlines:
  • Revenues (2025): \$931,123,000
  • Total Costs and Expenses (2025): \$766,959,000
  • Operating Income (2025): \$164,164,000
  • Interest Income (2025): \$1,861,000
  • Other Income, Net (2025): \$1,291,000

  These figures are consistent with previously reported data and reflect continued operational profitability and cash generation.

• Exhibits and Certifications: The amendment includes up-to-date certifications from both the CEO (Cindy B. Taylor) and the CFO, as well as the consent of the independent auditor, and a full list of all significant exhibits, contracts, and plans.

Potentially Price-Sensitive Information

There is no new material information, financial restatement, or adverse audit finding disclosed in this amendment. The correction is administrative and does not impact financial performance or outlook. Therefore, this filing is unlikely to materially affect Oil States’ share price.

Conclusion for Shareholders

Shareholders should note that Oil States International, Inc. remains in compliance with all SEC filing requirements, its financial statements have been reaffirmed as accurate and in accordance with U.S. GAAP, and internal controls have been validated by the independent auditor. No new, adverse, or previously undisclosed financial, legal, or operational risks have been introduced by this amendment.

Disclaimer: This article is a summary interpretation of Oil States International, Inc.’s 2025 Form 10-K/A as filed with the U.S. SEC. It is intended for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. Investors should review the full filing and consult with their financial advisor before making investment decisions.

View OIL STATES INTERNATIONAL, INC Historical chart here