OCEANEERING INTERNATIONAL INC (OII) Form 8-K — Oct 21, 2026
Oceaneering International reported Q3 2026 revenue of $785 million, up 6% year over year, with operating income up 7% to $92.2 million and adjusted EBITDA up 7% to $119 million, in line with guidance and consensus estimates.
Key figures
- Eps
- 0.52
- Revenue
- 784554000
- Guidance
- Q4 2026 EBITDA $85-95 million; initial full-year 2027 EBITDA guidance $430-480 million; 2027 free cash flow expected to exceed 2026; 2026 free cash flow $100-120 million.
- Net Income
- 52618000
- Total Debt
- 491417000
- Revenue Yoy
- 6%
- Total Assets
- 2775446000
- Cash Position
- 735000000
- Revolver
- $345 million commitments, maturity extended to July 2031
- Liquidity
- more than $1.0 billion
- Book to bill
- 0.77 for 12 months ended Sep 30, 2026
- Free cash flow
- $142 million in Q3
- Adjusted ebitda
- $119 million (+7% YoY)
- Rov utilization
- 65%
- Operating income
- $92.2 million (+7% YoY)
- Rv revenue per day
- $11,781 ROV revenue per day utilized
- Shares repurchased
- 101,038 shares for ~$5.0 million
- Operating cash flow
- $163 million in Q3
- Senior notes issued
- $500 million of 6.875% Senior Notes due 2034
- Loss on debt extinguishment
- $19.0 million
- Manufactured products backlog
- $435 million
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