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Oil States International : OIS Investor Presentation May 2026
Oil States International : OIS Investor Presentation May
About this update from Oil States International, Inc.
[{"type":"text","content":"\n Oil States Investor Presentation\n \n \n Offshore and International Growth, Cash Generation and Value Upside\n \n \n \n May 2026\n \n \n \n ©2026 Oil States. All Rights Reserved.\n \n \n Oil States - Offshore and International Growth Drivers at a Discount\n \n \n Company Snapshot- Oil States International, Inc.\n \n \n NYSE/NYSE TX: OIS | Sector: Oil & Gas Equipment and Services\n \n \n HQ: Houston, TX\n \n \n Market Capitalization (as of May 18, 2026)(1) : ~$553 million\n \n \n Positioning: Technology-driven, cash-generative offshore and international growth story\n \n \n Investment Thesis\n \n \n Offshore and international growth accelerating with backlog near the highest level in a decade\n \n \n High-graded domestic business mix to more stable and cash-generative activities\n \n \n Attractive FCF yield\n \n \n Valuation discount relative to peers\n \n \n Key Catalysts\n \n \n Growing presence in Latin America, Middle East, West Africa\n \n \n Margin uplift with increasing offshore and international mix\n \n \n Technology-led differentiation\n \n \n Focus on stockholder returns via share repurchases\n \n \n Valuation Discount (as of May 18, 2026)\n \n \n EV/ 2026 Consensus EBITDA(1): ~6.4x vs. Proxy peer average\n \n \n ~13.2x → ~52% discount\n Cash Generation Strength\n \n \n 2026 Bloomberg Consensus FCF Yield (FCF/Market Cap)(2): 7.2%\n \n \n (vs. 2.2% Proxy Peer Average 2026 FCF Yield)\n \n \n Market capitalization, Enterprise Value (\"EV\") and 2026 consensus EBITDA metrics were retrieved from Bloomberg for the Company and our proxy peer group as of May 18, 2026.\n \n \n Free cash flow is defined as cash flow from operations less capex. FCF yields based on May 18, 2026, Bloomberg consensus data.\n \n \n Oil States - A Compelling Investment Opportunity\n \n \n Offshore and International Growth, Robust Free Cash Flow, and Value Upside\n \n Long-term Macro, Driving Demand:\n \n \n Global demand, regional supply disruption, driving offshore investment in lower-risk basins\n \n \n Strategically Transformed the Business Mix:\n \n \n Allocating capital to most profitable business lines\n \n \n Leading Market Positions, Strong Free Cash Flow:\n \n \n Higher margins with limited capex driving free cash flow\n \n \n Superb Balance Sheet, Unlocking Equity Value:\n \n \n Cash on hand exceeds debt and returning cash to stockhol...