Headquartered in Houston, Texas, Oceaneering International, Inc., established in 1964, is a global provider of specialized engineering services, innovative products, and advanced ...
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Est. EPS $0.52
Est. EPS $2.05 · Revenue $2.95B · 1 analysts
Est. EPS $2.36 · Revenue $3.07B · 2 analysts
Est. EPS $0.72 · Revenue $864.94M · 1 analysts
EPS $0.49 · Revenue $674.52M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.8B | +4.6% | +10.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $353.8M | +139.9% | +80.1% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +20.4% | +11.9% | +11.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +10.9% | +18.2% | +37.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +12.7% | +129.3% | +62.3% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $207.8M | +116.3% | +141.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +7.5% | +106.8% | +137.7% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 45.5% | -61.8% | -8.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.99x | +14.0% | +4.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.7B | +14.2% | +1.7% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 3.49 vs 1.86 | +87.5% | 0.65 vs 0.72 | -9.1% |
| Revenue Surprise | $2.8B vs $2.8B | -0.3% | $768.2M vs $864.9M | -11.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | MURPHY PAUL B JR | director | Common Stock | D | 10,000 | $48.37 |
| Jul 30, 2026 | DYER CHRISTOPHER J | officer: SVP, OPGroup | Common Stock | D | 1,200 | $47.65 |
| Jul 30, 2026 | MCEVOY M KEVIN | director | Common Stock | D | 3,000 | $47.92 |
| Jul 30, 2026 | Childress Earl | officer: SVP, Chief Commercial Ofc. | Common Stock | D | 12,701 | $46.71 |
| Jun 30, 2026 | GOODWIN DEANNA L | director | Common Stock | D | 7,000 | $40.69 |
Operator: With that, I will now turn the call over to Hilary Frisbie, Oceaneering's Senior Director of Investor Relations. Hilary Frisbie: Thanks, Rob. Good morning and welcome to Oceaneering's second quarter 2026 results conference call. Today's call is being webcast and a replay will be available on our website. With me today are Rod Larson, President and Chief Executive Officer, and Mike Summerall, Senior Vice President and Chief Financial Officer. Rod and Mike will provide our prepared remarks. Then we'll take your questions. Before we begin, please note that statements made on this call about our future financial performance, business strategy, plans for future operations, and industry conditions are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Our remarks also include non-GAAP financial measures. Additional details and reconciliations to the most directly comparable GAAP financial measures are included in our second quarter press release, which is available on our website. With that, I'll turn the call over to Rod. Rod Larson: Good morning. Thanks for joining the call today. Our second quarter results, which exceeded the high end of our EBITDA guidance range, reflected strong operational execution across our diversified portfolio. Our adjusted EBITDA of $115 million represented our highest quarterly level since the third quarter of 2015, underscoring the momentum that we're building across the business. The Offshore Projects Group, or OPG, led our year-over-year improvements and was the largest contributor to our second quarter EBITDA outperformance. Those results were driven by a favorable project mix of international intervention and installation projects. These projects included ongoing light well intervention services in the Caspian Sea and an installation project in offshore Egypt. In Subsea Robotics, or SSR, the Ocean Intervention II entered service following significant upgrades in 2025 and is now performing survey projects that are expected to keep the vessel utilized through most of the remainder of the year. We expect to conduct a Simultaneous Operations, or SIMOPS, project from the vessel later this year, enabling multiple survey activities to be performed concurrently and improving overall operational efficiency for our customers. We also continue to secure contract awards and extensions across our energy segments, including a recently announced award for ROV services in Brazil that improves our visibility into future demand. In ADTech, we secured new contract awards across a range of defense and subsea applications, including subsea robotics, subsea systems, submarine rescue, and submarine maintenance, construction, and installation services. Among these awards was a joint contract from the Defense Innovation Unit to support development of an Extra-Large Unmanned Underwater Vehicle. This award highlights the continued evolution of our strategy …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Roderick A. Larson | President, Chief Executive Officer & Director | USD 5,707,874 | Male | 1967 | Active |
Michael W. Sumruld | Senior Vice President & Chief Financial Officer | USD 1,915,002 | Male | 1971 | Active |
Jennifer Fremont Simons | Senior Vice President, Chief Legal Officer & Secretary | USD 1,516,620 | Female | 1977 | Active |
Benjamin Laura | Senior Vice President & Chief Operating Officer | USD 1,460,030 | Male | 1979 | Active |
Martin J. McDonald | Senior Vice President of Subsea Robotics | USD 1,281,197 | Male | 1964 | Active |
Earl F. Childress | Senior Vice President & Chief Commercial Officer | USD 1,123,144 | Male | 1967 | Active |
Shaun R. Roedel | Senior Vice President of Manufactured Products | — | Male | 1969 | Active |
Holly D. Kriendler | Senior Vice President & Chief Human Resources Officer | — | Female | 1966 | Active |
Catherine E. Dunn | Vice President, Chief Accounting Officer & Corporate Controller | — | Female | 1979 | Active |
Hilary Frisbie | Senior Director of Investor Relations | — | Female | — | Active |
OII is expanding beyond offshore energy with defense, robotics and digital businesses, but cyclical risks and project timing still shape its outlook.
Dimensional Fund Advisors LP decreased its position in Oceaneering International, Inc. (NYSE: OII) by 0.4% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,461,749 shares of the oil and gas company's stock after selling 15,319 shares during the
Shares of Oceaneering International, Inc. (NYSE: OII - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Barclays raised their price target on the stock from $39.00 to $47.00. Barclays currently has an equal weight rating on the stock. Oceaneering International traded as high as $53.98 and last traded at $53.97,
Fifth Third Bancorp grew its stake in Oceaneering International, Inc. (NYSE: OII) by 6,782.5% during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,526 shares of the oil and gas company's stock after acquiring an additional 29,097 shares during the quarter. Fifth
OII expects consolidated revenues to increase in the third quarter of 2026, with EBITDA projected in the range of $115 million to $125 million.
