Oceaneering (OII) Tops Q2 EPS by 14c, Beats on Revenue; Offers FY25 Guidance

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Go back to Oceaneering (OII) Tops Q2 EPS by 14c, Beats on Revenue; Offers FY25 Guidance

Oceaneering Reports Second Quarter 2025 Results

July 23, 2025 5:01 PM EDT

HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) today reported second quarter 2025 results.

As compared to the second quarter of 2024: Revenue increased 4% to $698 million; Operating income increased 31% to $79.2 million; Net income increased 56% to $54.4 million; and Adjusted EBITDA increased 20% to $103 million. Cash flow provided by operating activities was $77.2 million and free cash flow was $46.9 million, with an ending cash position of $434 million. Shares repurchased were 471,759 for approximately $10.0 million.

Rod Larson, Oceaneering's President and Chief Executive... More