For the second quarter of fiscal 2026 ended June 30, 2026, Oceaneering International reported revenue of $768.2 million, up 10.0% year-over-year. Net income was $65.0 million, a 19.4% increase, and diluted EPS rose 20.4% to $0.65. Operating income grew 11.4% to $88.2 million. The company had cash of $688.9 million, equity of $1,164.2 million, and long-term debt of $490.2 million.
•Revenue increased 10.0% YoY to $768.2 million.
•Net income rose 19.4% YoY to $65.0 million.
•Diluted EPS grew 20.4% to $0.65.
•Operating income up 11.4% to $88.2 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Oceaneering International provides engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries globally. Its business is organized into five segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies. The Subsea Robotics segment offers remotely operated vehicles (ROVs) for drill support and vessel-based services
Including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair. Its portfolio also includes ROV tooling, and survey services comprising hydrographic survey and positioning services and autonomous underwater vehicles for geoscience. Its Manufactured Products segment provides distribution and connection systems, such as production control umbilicals and field development hardware and pipeline connection and repair systems.
Its portfolio also includes connectors and subsea and topside control valves primarily to the energy industry, and autonomous mobile robotic technology to various industries. The Offshore Projects Group segment offers subsea installation and intervention, including riserless light well intervention services, inspection, maintenance and repair services.
Its portfolio also includes installation and workover control systems and ROV workover control systems, diving services, project management and engineering, and drill pipe riser services and systems and wellhead load relief solutions.
Its Integrity Management & Digital Solution segment provides asset integrity management services, as well as software, digital, and connectivity solutions for the energy industry.
Oceaneering International provides engineered services and products, as well as robotic solutions, to industries such as offshore energy, defense, aerospace, and manufacturing worldwide. The company operates through five segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies. The Subsea Robotics segment offers remotely operated vehicles (ROVs) for drill support, subsea hardware installation, construction, pipeline inspection, and survey services. Manufactured Products provides distribution and connection systems, including production control umbilicals and subsea connectors. Offshore Projects Group delivers subsea installation and intervention services, including riserless light well intervention and inspection, maintenance, and repair. Integrity Management & Digital Solutions focuses on asset integrity and digital technologies, while Aerospace and Defense Technologies serves defense and aerospace clients.
Where is Oceaneering International (OII) listed and what currency does it trade in?
Oceaneering International is listed on the New York Stock Exchange (NYSE) under the ticker symbol OII. The company trades in US Dollars (USD), as it is headquartered in the United States. Being listed on a major US exchange provides liquidity and access to a broad investor base. The NYSE listing also requires adherence to strict regulatory standards, ensuring transparency and corporate governance. Investors can buy and sell shares of OII during regular trading hours on the NYSE, and the stock is denominated in USD, making it accessible primarily to investors using US currency, though international investors can also trade it through currency conversion.
What sector and industry does Oceaneering International (OII) belong to?
Oceaneering International operates in the Energy sector, specifically within the Oil & Gas Equipment & Services industry. This industry classification indicates that the company provides equipment, services, and technology solutions to oil and gas exploration and production companies. As part of this industry, Oceaneering competes with other firms that supply subsea robotics, drilling support, and offshore installation services. The Energy sector encompasses companies involved in the production and distribution of energy, including oil, gas, and renewable sources. Oceaneering's focus on offshore energy, particularly deepwater operations, positions it as a key player in supporting oil and gas companies with specialized equipment and services for subsea activities.
What are the main segments of Oceaneering International (OII) and how do they generate revenue?
Oceaneering International operates through five segments that generate revenue from different activities. The Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support, subsea hardware installation, construction, pipeline inspection, and survey services, including hydrographic surveys and autonomous underwater vehicles. The Manufactured Products segment produces distribution and connection systems such as production control umbilicals, field development hardware, pipeline connection and repair systems, connectors, and subsea and topside control valves, primarily for the energy industry, as well as autonomous mobile robotic technology for various industries. The Offshore Projects Group offers subsea installation and intervention services, including riserless light well intervention, inspection, maintenance, and repair, as well as diving services and project management. Integrity Management & Digital Solutions focuses on asset integrity and digital technologies. Aerospace and Defense Technologies serves defense and aerospace clients with specialized solutions. Revenue is generated through service contracts, product sales, and long-term agreements with customers in offshore energy, defense, and other sectors.
Which industries and regions does Oceaneering International (OII) serve?
Oceaneering International serves a diverse range of industries globally, including offshore energy, defense, aerospace, and manufacturing. The company's primary focus is on the offshore oil and gas industry, where it provides subsea robotics, manufactured products, and offshore project services. Additionally, it serves the defense sector with aerospace and defense technologies, and the manufacturing industry with autonomous mobile robotic technology. Geographically, Oceaneering operates worldwide, with a strong presence in regions such as the Gulf of Mexico, the North Sea, West Africa, Brazil, and Asia-Pacific. The company's global footprint allows it to support clients in major offshore energy basins and other industrial markets. By serving multiple industries and regions, Oceaneering diversifies its revenue streams and reduces dependence on any single market.
The Aerospace and Defense Technologies segment offers services and products, such as engineering and related manufacturing in defense and space exploration activities. Founded in 1964, the company is headquartered in Houston, Texas.