Oceaneering (OII) Misses Q1 EPS by 2c, provides guidance

Oceaneering (NYSE: OII) reported Q1 EPS of $0.30, $0.02 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $692 million versus the consensus estimate of $670.93 million.

For the second quarter of 2026:

SSR revenue is expected to increase while operating income is expected to be flat.
Manufactured Products revenue and operating income are forecasted to increase.
OPG revenue is expected to be relatively flat and operating income is expected to decrease slightly on changes in project mix.
IMDS revenue and operating income are projected to decrease due to lower volumes in West Africa and Australia and uncertainty in Middle East volumes.
ADTech is expected to generate increased operating income on significantly higher revenue.
Unallocated Expenses are expected to be in the $50 million range.

For earnings history and earnings-related data on Oceaneering (OII) click here.

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