OCEANEERING INTERNATIONAL INC (OII) Form 10-Q — Oct 22, 2026
Oceaneering International reported Q3 2026 revenue of $784.6 million, up 6% year-over-year, but diluted EPS fell to $0.52 from $0.71, weighed down by a $19.0 million loss on extinguishment of debt from its July refinancing. Operating income rose 7% to $92.2 million on strength in Subsea Robotics and Offshore Projects Group, while IMDS and ADTech lagged. Manufactured Products backlog declined to $435 million from $568 million a year ago, with a trailing 12-month book-to-bill of 0.77.
Key figures
- Eps
- 0.52
- Revenue
- 784554000
- Net Income
- 52562000
- Total Debt
- 491417000
- Revenue Yoy
- 6% increase in Q3; 9-month revenue $2.245B vs $2.116B prior year
- Total Assets
- 2775446000
- Cash Position
- 734941000
- Shares Outstanding
- 99428607
- Capex guidance 2026
- $105-115 million
- Revolver commitments
- $345 million, maturity extended to July 2031
- New 2034 senior notes
- $500 million at 6.875%
- Nine month eps diluted
- 1.53
- Rov fleet utilization q3
- 65%
- Q3 prior year eps diluted
- 0.71
- Trailing 12m book to bill
- 0.77
- Loss on debt extinguishment
- $19.0 million
- Manufactured products backlog
- $435 million (vs $568 million a year ago)
- Operating cash flow nine months
- 159122000
- Performance obligations remaining
- $415 million
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