Oil States International announced that its common stock will be listed on the newly launched NYSE Texas exchange, in addition to its primary listing on the New York Stock Exchange. The company will trade under the ticker symbol OIS on both venues, a move that broadens its investor base and enhances liquidity for shareholders.
Founded in 1942, Oil States has long been rooted in Texas, where it operates a significant portion of its manufacturing and service facilities. The dual listing underscores the company’s commitment to the state and its role as a key player in the regional energy sector.
NYSE Texas, which opened for business on March 31, 2025, is the first fully electronic equities exchange headquartered in Dallas. The launch adds competition to the Texas‑based exchange landscape, which will also see Nasdaq Texas and the Texas Stock Exchange in 2026. By listing on NYSE Texas, Oil States positions itself to attract investors who prefer a Texas‑centric platform while maintaining access to the broader NYSE network.
Oil States is pursuing a strategic pivot toward higher‑margin offshore and international projects while streamlining its U.S. land‑based operations. The company’s Completion and Production Services segment has improved margins through cost‑cutting and the exit of underperforming U.S. land‑based services, while its Offshore Manufactured Products division continues to grow demand for technologies such as the TowerLok™ Wind Tower Connector.
In its most recent quarterly report, Oil States reported earnings per share of $0.08, missing analyst expectations of $0.10, and revenue of $165 million, slightly below the forecast of $167.68 million. The miss reflects a combination of modest demand weakness in the U.S. land‑based segment and higher input costs that eroded profitability, offsetting gains in the offshore business.
Segment‑level data show that Offshore Manufactured Products generated $X million in revenue, up Y% from the prior quarter, driven by strong orders for offshore wind and deep‑water production equipment. Completion and Production Services posted a 15% increase in revenue, with margins expanding to Z% as the company shed lower‑margin contracts. Downhole Technologies, however, experienced a decline in revenue and margin compression due to competitive pricing and limited demand for its legacy products.
CEO Cindy B. Taylor emphasized that the dual listing is a “strategic milestone” that deepens ties to Texas and signals confidence in the company’s long‑term growth trajectory. She highlighted the company’s focus on high‑margin offshore projects and its disciplined approach to cost management as key drivers of future profitability.
Oil States faces headwinds from U.S. trade tariff disputes and oil price volatility, which have pressured margins in some segments. The company is mitigating these risks through investments in managed‑pressure drilling technology and by expanding manufacturing capacity in Indonesia to capture international growth opportunities.
The dual listing enhances Oil States’ capital‑markets profile and provides a platform for future financing and shareholder return initiatives. While the recent earnings miss signals short‑term challenges, the company’s strategic focus on offshore and international projects, coupled with its commitment to cost discipline, positions it for sustained long‑term value creation.
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