Resilience of Offshore and International Markets Amid Geopolitical Instability
Oil States highlighted the resilience of offshore and international markets despite geopolitical instability, lower crude oil prices, and fluctuating U.S. trade policies.
The company achieved the midpoint of its EBITDA guidance due to strong product and service mix, driven by offshore activity and backlog growth.
Management emphasized that offshore project visibility is high, with projects being multi-year and multi-decade developments, less impacted by short-term macroeconomic issues.
Market Outlook and Future Growth Drivers in Natural Gas and International Markets
Natural gas activity in the U.S. is expected to recover further, supported by LNG exports and increased rig count in gas basins.
The international markets, especially in the Middle East, are poised for growth with new rig awards and deployment schedules.
The company remains cautiously optimistic about stabilization in the U.S. oil market and potential upticks in gas drilling, which could positively impact future revenues.
Dafinchi