Oil States International (OIS) has experienced a notable surge in its stock value, recording a 33.30% increase between February 13 and February 20, 2026. This impressive performance places OIS among the top-gaining energy stocks of the week. The company's robust fourth-quarter results for 2025 were the primary catalyst, showcasing better-than-expected adjusted earnings per share and significant revenue growth. A strategic realignment, emphasizing offshore and international operations, has played a crucial role in this success, leading to enhanced financial health and an optimistic outlook for the coming year. The company also demonstrated strong cash flow generation and a growing backlog, underscoring its operational efficiency and market position.
The recent upward trajectory of Oil States International's stock is largely attributable to its outstanding financial disclosures for the final quarter of 2025. On February 20, the company announced an adjusted EPS of $0.13, exceeding analyst predictions by $0.03. Furthermore, OIS's revenue saw an 8% sequential increase and an 8.4% year-over-year rise. This growth was not incidental but a direct outcome of deliberate strategic decisions, particularly the divestment from certain underperforming land-based operations within the United States. This pivot has fundamentally altered the company's revenue composition, with offshore and international markets now contributing 77% of total revenues, a noticeable increase from 72% in the corresponding period of the previous year.
A significant highlight of OIS's Q4 2025 performance was its exceptional cash generation. The company reported a historic high in quarterly cash flow from operations, reaching $50 million, which represents a 63% increase from the prior quarter. For the entirety of 2025, operating cash flows totaled $105.1 million, with free cash flow nearly hitting $94.2 million. This strong financial discipline enabled OIS to conclude the year with a cash reserve that surpassed its outstanding debt by $15 million, signaling a very healthy balance sheet.
Moreover, Oil States International's operational achievements extended to its order book, with bookings amounting to $160 million during the fourth quarter. This contributed to an impressive year-end backlog of $435 million, marking its highest level since March 2015. Looking ahead, the company has provided an encouraging forecast for the full year 2026, projecting revenues between $680 million and $700 million, and EBITDA in the range of $90 million to $95 million. These projections indicate substantial growth compared to the previous year, further solidifying investor confidence.
The company's stock has already appreciated by over 77% since the start of 2026, building on the momentum from its strategic shifts and strong financial results. This significant ascent reflects a positive market reception to OIS's operational improvements and future growth prospects in the energy sector. While its recent gains are commendable, the continued focus on high-growth segments and efficient resource management positions Oil States International favorably within the competitive energy landscape.