Oceaneering (OII) Tops Q2 EPS by 19c

Oceaneering (NYSE: OII) reported Q2 EPS of $0.65, $0.19 better than the analyst estimate of $0.46. Revenue for the quarter came in at $768 million versus the consensus estimate of $732.5 million.

Guidance

Full-year 2026 consolidated and segment guidance remains the same except as follows:

Consolidated adjusted EBITDA is expected to be in the range of $400 million to $440 million.
IMDS operating income is expected to decrease significantly with operating income margin expected to be in the low-single-digit percentage range.

As compared to the third quarter of 2025:

Consolidated third quarter 2026 revenue is projected to increase and EBITDA is expected to be in the range of $115 million to $125 million.

At the segment level, for the third quarter of 2026:

SSR revenue and operating income are expected to increase.
Manufactured Products revenue and operating income are expected to slightly decrease.
OPG revenue and operating income are expected to increase.
IMDS revenue is expected to increase and operating income is expected to be relatively flat.
ADTech revenue and operating income are expected to increase.
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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