Oil States International, Inc. (OIS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Pennington, VP of Human Resources. You may begin. Thank you, JL. Good morning and welcome to Oil State's second quarter 2025 earnings conference call. Our call today will be led by our President and CEO, Cindy Taylor, Lloyd Hodgick, Oil State's Executive Vice President and Chief Financial Officer, and Scott Moses, our Executive Vice President and Chief Operating Officer. Before we begin, we would like to please note that we are relying on the safe harbor protections afforded by federal law. No one should assume that these forward-looking statements remain valid later in the quarter or beyond. Any such remarks should be weighed in the context of the many factors that affect our business, including those risks disclosed in our 2024 Form 10-K, along with other recent SEC filings. This call is being webcast and can be accessed at Oil State's website. A replay of the conference call will be available two hours after the completion of this call and will continue to be available for 12 months. I will now turn the call over to Cindy. Thank you, Ellen. Good morning and thank you for joining our conference call today. We're going to be discussing our second quarter 2025 results and provide our thoughts on market trends in addition to discussing our company-specific strategy and outlook. In a quarter marked by geopolitical instability, lower crude oil prices, and fluctuating U.S. trade policies, offshore and international markets demonstrated resilience. With this backdrop, the company performed well, achieving the midpoint of our guided EBITDA range for the second quarter of 2025 due to our product and service mix. Our consolidated results in the second quarter were driven by continued strength of international and offshore activity supported by backlog growth over recent quar...