Oil States International Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenues of $179,006,000 compared to $258,886,000 a year ago. Operating loss was $15,626,000 compared to income of $6,646,000 a year ago. Loss from continuing operations before income taxes was $16,839,000 compared to income of $5,659,000 a year ago. Net loss from continuing operations was $10,818,000 or $0.22 per basic and diluted share compared to income of $1,706,000 or $0.03 per basic and diluted share a year ago. Net loss attributable to the company was $10,818,000 or $0.22 per basic and diluted share compared to income of $1,729,000 or $0.03 per basic and diluted share a year ago. Consolidated EBITDA was $14,254,000 compared to $38,777,000 a year ago. Adjusted consolidated EBITDA was $16,206,000 compared to $39,497,000 a year ago. The company invested $5.5 million in capital expenditures during the third quarter of 2016. Capital expenditures made during the third quarter included expansionary investments for certain offshore products facilities along with maintenance capital spent on completion services equipment. The company generated $26 million of cash flow from operations and $20 million of free cash flow during the quarter.

For the nine months, the company reported revenues of $524,510,000 compared to $865,503,000 a year ago. Operating loss was $52,892,000 compared to income of $49,130,000 a year ago. Loss from continuing operations before income taxes was $56,233,000 compared to income of $45,903,000 a year ago. Net loss from continuing operations was $35,759,000 or $0.71 per basic and diluted share compared to income of $27,257,000 or $0.53 per basic and diluted share a year ago. Net loss attributable to the company was $35,763,000 or $0.71 per basic and diluted share compared to income of $27,481,000 or $0.53 per basic and diluted share a year ago. Consolidated EBITDA was $37,236,000 compared to $147,093,000 a year ago. Adjusted consolidated EBITDA was $41,869,000 compared to $151,630,000 a year ago. Net cash flows provided by operating activities were $107,782,000 compared to $252,827,000 a year ago. Capital expenditures were $23,893,000 compared to $92,314,000 a year ago.

For the fourth quarter 2016 consolidated guidance, The company expects depreciation and amortization expense to total $29 million, net interest expense to total $1.2 million and corporate costs to total approximately $11 million. The company's fourth quarter 2016 consolidated tax rate benefit is expected to average approximately 36%.

Capital expenditures for the full year 2016 are anticipated to range between $35 million and $40 million, inclusive of the $24 million spent through September 30, 2016. The company's full year 2016 consolidated tax rate benefit is expected to average approximately 36%.