Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) to customers in the energy industry for drilling support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance and repair. As of December 31, 2020, this segment owned 250 work-class ROVs. Its Manufactured Products segment provides production control umbilicals and connection systems; and program management, engineering design, fabrication/assembly, and installation to the commercial theme park industry, as well as mobile robotics solutions, including AGV technology to various industries. The company's Projects Group segment offers subsea installation and intervention, including riserless light well intervention services and inspection, and maintenance and repair services; installation and workover control systems, and ROV workover control systems; project management and engineering; and seabed preparation, route clearance, and trenching services for submarine cables for the renewable energy markets. Its Integrity Management & Digital Solutions segment provides asset integrity management, corrosion management, and inspection and non-destructive testing services to customers in the oil and gas, power generation, and petrochemical industries; software, digital, and connectivity solution for the energy industry; and software and analytical solutions for the bulk cargo maritime industry. The company's Aerospace and Defense Technologies segment offers government services and products, including engineering and related manufacturing in defense and space exploration activities principally to U.S. government agencies and their prime contractors. The company was founded in 1964 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: oceaneering.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2026 | $34.00 → $36.00 | Hold | TD Cowen |
| 3/3/2026 | $28.00 → $34.00 | Hold | TD Cowen |
| 11/3/2025 | $25.00 → $27.00 | Hold | TD Cowen |
| 4/2/2025 | Underperform → Neutral | Pickering Energy Partners | |
| 1/10/2025 | $30.00 | Buy → Neutral | Citigroup |
| 12/18/2024 | $22.00 → $26.00 | Underweight → Equal Weight | Barclays |
| 1/19/2023 | $25.00 | Buy | The Benchmark Company |
| 10/6/2022 | $15.00 → $10.00 | Overweight → Equal Weight | Barclays |
| 3/7/2022 | $21.00 → $22.50 | Overweight | Piper Sandler |
| 2/1/2022 | $17.00 → $21.00 | Neutral → Overweight | Piper Sandler |
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4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
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TD Cowen reiterated coverage of Oceaneering Intl with a rating of Hold and set a new price target of $36.00 from $34.00 previously
TD Cowen reiterated coverage of Oceaneering Intl with a rating of Hold and set a new price target of $34.00 from $28.00 previously
TD Cowen reiterated coverage of Oceaneering Intl with a rating of Hold and set a new price target of $27.00 from $25.00 previously
Pickering Energy Partners upgraded Oceaneering Intl from Underperform to Neutral
Citigroup downgraded Oceaneering Intl from Buy to Neutral and set a new price target of $30.00
Barclays upgraded Oceaneering Intl from Underweight to Equal Weight and set a new price target of $26.00 from $22.00 previously
The Benchmark Company initiated coverage of Oceaneering Intl with a rating of Buy and set a new price target of $25.00
Barclays downgraded Oceaneering Intl from Overweight to Equal Weight and set a new price target of $10.00 from $15.00 previously
Piper Sandler reiterated coverage of Oceaneering International with a rating of Overweight and set a new price target of $22.50 from $21.00 previously
Piper Sandler upgraded Oceaneering Intl from Neutral to Overweight and set a new price target of $21.00 from $17.00 previously
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KONGSBERG and Oceaneering International, Inc. (OCEANEERING) (NYSE:OII) today announced their selection by the U.S. Department of War’s Defense Innovation Unit (DIU) to support the Combat Autonomous Maritime Platform (CAMP) program, focused on the development of an Extra-Large Uncrewed Undersea Vehicle (XLUUV) for future U.S. Navy missions. The CAMP program accelerates the transition of mature commercial and defense technologies into operational naval capabilities. This collaboration will focus on concept definition, system architecture, and design trade studies, emphasizing modularity, interoperability, and rapid integration. Mission-ready Being selected by DIU for the CAMP program un
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that it has entered into an amendment to its senior secured revolving credit facility ("Credit Facility") to, among other things, increase the commitments from $215 million to $345 million and extend the maturity date from April 2027 to July 2031. The Credit Facility includes the ability to upsize by an additional $85 million and letter of credit availability of $150 million. Mike Sumruld, Oceaneering’s Senior Vice President and Chief Financial Officer, stated, "We are pleased to announce this amendment to our revolving credit facility, which provides additional financial flexibility to support our ongoing operatio
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today the expiration and results of the previously announced cash tender offer (the "Offer") to purchase any and all of its outstanding 6.000% Senior Notes due 2028 (the "Notes"). The Offer was announced on June 24, 2026 and was made pursuant to the Offer to Purchase dated June 24, 2026 (the "Offer to Purchase") and the related Notice of Guaranteed Delivery (together, the "Tender Offer Documents"). According to information received from Global Bondholder Services Corporation, the Depositary and Information Agent for the Offer, as of 5:00 p.m., New York City time, on June 30, 2026 (the "Expiration Time"), valid tenders ha
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today the pricing terms of the previously announced cash tender offer (the "Offer") to purchase any and all of its outstanding 6.000% Senior Notes due 2028 (the "Notes") for the consideration described below. The Offer was announced on June 24, 2026 and was made pursuant to the Offer to Purchase dated June 24, 2026 (the "Offer to Purchase") and the related Notice of Guaranteed Delivery. Title of Security CUSIP Numbers(2) Aggregate Principal Amount Outstanding U.S. Treasury Reference Security Reference Yield Bloomberg Reference Page Fixed Spread (basis points) Purchase Price per
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today the pricing of its previously announced offering of $500,000,000 aggregate principal amount of 6.875% Senior Notes due 2034 (the "2034 Notes") in a private placement to eligible purchasers at par, plus accrued interest, if any, from July 6, 2026. The 2034 Notes will mature on July 15, 2034. The offering is expected to close on July 6, 2026, subject to customary closing conditions. Oceaneering intends to use the net proceeds from the offering, together with cash on hand, if necessary, to fund the purchase of any and all of its 6.000% Senior Notes due 2028 (the "Tender Notes") validly tendered and accepted for purcha
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 6.000% Senior Notes due 2028 (the "Notes") for the consideration described below. Title of Security CUSIP Numbers(2) Aggregate Principal Amount Outstanding U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread (basis points) 6.000% Senior Notes due 2028(1) 675232 AB8 675232 AD4 $500,000,000 3.50% UST due October 31, 2027 FIT4 40 _______________ (1) In addition to the consideration per $1,000 set forth above per p
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that it intends to offer $500,000,000 aggregate principal amount of Senior Notes due 2034 (the "2034 Notes") in a private placement to eligible purchasers. Oceaneering intends to use the net proceeds from the proposed offering, together with cash on hand, if necessary, to fund the purchase of any and all of its 6.000% Senior Notes due 2028 (the "Tender Notes") validly tendered and accepted for purchase in the concurrent cash tender offer announced today (the "Tender Offer"). If the Tender Offer is not consummated or the net proceeds from the offering exceed the total consideration payable in the Tender Offer, Ocean
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) will report its second quarter 2026 financial results on Wednesday, July 22, 2026, after the close of trading on the New York Stock Exchange. Oceaneering will host a conference call and webcast to discuss the results on Thursday, July 23, 2026, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The earnings release and a link to the webcast will be posted on Oceaneering's Investor Relations website. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit oceaneerin
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) President and Chief Executive Officer Rod Larson will participate in a fireside chat at the J.P. Morgan Natural Resources Conference in New York on Tuesday, June 23, 2026. Mr. Larson and Senior Director, Investor Relations Hilary Frisbie will also host meetings with institutional investors. Oceaneering's most recent presentation is available on the Investor Relations page of Oceaneering's website at www.oceaneering.com. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, pleas
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that its Offshore Projects Group has been awarded an integrated offshore installation contract at the West Delta Deep Marine (WDDM) gas field development project offshore Egypt from Burullus Gas Company. The contract is expected to generate meaningful revenue in 2026. Under the scope of work, Oceaneering will provide an integrated solution to support the transportation, offshore installation, and commissioning of a refurbished subsea umbilical and a 2,000-meter replacement thermoplastic composite pipe (TCP) flowline, including procurement and integration of the TCP. Work to refurbish the umbilical was carried out at Ocea
Live Leadership Updates
Oceaneering International, Inc. (NYSE:OII) ("Oceaneering") today announced that Michael W. Sumruld will be appointed Senior Vice President and Chief Financial Officer effective January 1, 2026. He succeeds Alan R. Curtis, who will retire from his role on the same date. Mr. Curtis will continue to assist in an advisory capacity to ensure a smooth transition. Rod Larson, Oceaneering's President and Chief Executive Officer, said, "Alan's expertise and dedication have shaped Oceaneering's financial foundation. We are thankful for his leadership over the years. Mike has already integrated with our leadership team and is actively engaged with our operations to ensure a seamless transition and t
Oceaneering International, Inc. (NYSE:OII) ("Oceaneering") today announced that Mr. Roger Jenkins has been elected to its Board of Directors as an independent, non-executive director in Class III, effective January 1, 2026. His initial term will extend until Oceaneering's Annual Meeting of Shareholders in 2028. Mr. Jenkins has extensive governance experience in the energy and financial sectors. Most recently, Mr. Jenkins served as President and Chief Executive Officer of Murphy Oil Corporation ("Murphy") from 2013 until his retirement in 2024. Prior to joining Murphy in 2001, Mr. Jenkins spent 17 years with Texaco Inc. (now part of Chevron Corporation) from 1984 to 2001, serving in variou
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced the appointment of William Merz to succeed Philip Beierl as Senior Vice President, Aerospace and Defense Technologies ("ADTech"), effective January 1, 2025. In his new role, Mr. Merz will have global responsibility for Oceaneering's ADTech business segment. Mr. Merz joined Oceaneering in January 2024 as Vice President of Operations, Aerospace and Defense Technologies. Prior to joining Oceaneering, Mr. Merz had a distinguished career in the U.S. Navy that included command of the U.S. Seventh Fleet and senior financial, requirements, and operations positions at the Pentagon. Mr. Merz currently serves on the Center for Nava
Oceaneering International, Inc. (NYSE:OII) announced today that it has acquired Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services. This acquisition is a key step in Oceaneering's strategy to advance its digital capabilities and broaden the solutions available to its global clients. As the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images, GDi brings advanced algorithms and data solutions that, when combined with Oceaneering's engineering expertise, will strengthen Oceaneering's ability to optimize asset management for clients in industries incl
Oceaneering International, Inc. (NYSE:OII) today announced that Ms. Reema Poddar has been elected to its Board of Directors as an independent, non-executive director in Class I, effective as of February 22, 2024. Ms. Poddar has also been appointed to the Nominating, Corporate Governance and Sustainability Committee of the Board. Her initial term of office will extend until Oceaneering's Annual Meeting of Shareholders in 2026. Ms. Poddar has 30 years of software industry experience, including product strategy, product development and digital business transformation. She has been recognized as a leader in data analytics, machine learning, artificial intelligence, cloud services, cyber secur
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that Hilary Frisbie has been appointed to succeed Mark Peterson as Senior Director, Investor Relations, effective January 10, 2024. Ms. Frisbie joined Oceaneering's legal department in 2011 and has served most recently as Associate General Counsel. She has led Oceaneering's global contracting programs, including initiatives on contract risk management, market entry, and compliance. Prior to joining Oceaneering, she practiced law with a private law firm. Ms. Frisbie received her law degree from The University of Texas School of Law and holds a Bachelor's degree from The University of Texas at Austin. Mr. Peterson has no
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced the appointment of Jennifer Simons to succeed David Lawrence as Senior Vice President, Chief Legal Officer and Secretary, effective upon Ms. Simons' commencement of employment with Oceaneering, which is expected on or about January 1, 2023. In this role, Ms. Simons will be responsible for Oceaneering's global legal function. Ms. Simons has worked for Parker Wellbore since 2010, serving in roles of increasing seniority and responsibility. She most recently served as Senior Vice President, Chief Administration Officer, General Counsel and Corporate Secretary, a role held since 2020, and Vice President, General Counsel and C
HOUSTON, Jan. 27, 2021 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) today announced that Ms. Karen H. Beachy and Dr. Kavitha Velusamy have joined Oceaneering's Board of Directors as independent, non-executive directors in Classes II and III, respectively. Ms. Beachy's and Dr. Velusamy's initial terms of office extend until Oceaneering's Annual Meeting of Shareholders in 2021 and 2022, respectively. Ms. Beachy has been appointed to the Compensation Committee of the Board and Dr. Velusamy has been appointed to the Audit Committee of the Board. Ms. Beachy has over 25 years of corporate strategy, operations management and consulting experience with energy and utilities busi
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Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) will report its second quarter 2026 financial results on Wednesday, July 22, 2026, after the close of trading on the New York Stock Exchange. Oceaneering will host a conference call and webcast to discuss the results on Thursday, July 23, 2026, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The earnings release and a link to the webcast will be posted on Oceaneering's Investor Relations website. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit oceaneerin
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported first quarter 2026 results. First Quarter 2026 Results As compared to the first quarter of 2025: Revenue was $692 million, an increase of 3%. Operating income was $57.8 million, a decrease of 21%. Net income was $36.1 million, a decrease of 28%. Adjusted EBITDA was $83.7 million, a decrease of 13%. Cash Flow Cash flow used in operating activities was $(59.1) million. Free cash flow was $(76.5) million. Quarter-end cash and cash equivalents totaled $607 million, compared to $382 million at the end of the same period last year. Rod Larson, Oceaneering's President and Chief Executive O
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) will report its first quarter 2026 financial results on Wednesday, April 22, 2026, after the close of trading on the New York Stock Exchange. Oceaneering will host a conference call and webcast to discuss the results on Thursday, April 23, 2026, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The earnings release and a link to the webcast will be posted on Oceaneering's Investor Relations website. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit oceaneeri
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported fourth quarter and full year 2025 results. Fourth Quarter 2025 Results As compared to the fourth quarter of 2024: Revenue was $669 million, a decrease of 6%. Operating income was $65.4 million, a decrease of 16%. Net income was $178 million, an increase of 217%, which included a discrete tax benefit due to the release of valuation allowances for deferred tax assets. Adjusted EBITDA was $90.5 million, a decrease of 11%. Cash Flow and Share Repurchases Cash flow provided by operating activities was $221 million. Free cash flow was $191 million. Shares repurchased were 419,005 for approximat
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) will report its fourth quarter and full year 2025 financial results on Wednesday, February 18, 2026, after the close of trading on the New York Stock Exchange. Oceaneering will host a conference call and webcast to discuss the results on Thursday, February 19, 2026 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The earnings release and a link to the webcast will be posted on Oceaneering's Investor Relations website. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information on
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported third quarter 2025 results. As compared to the third quarter of 2024: Revenue increased 9% to $743 million; Operating income increased 21% to $86.5 million; Net income increased 73% to $71.3 million; and Adjusted EBITDA increased 13% to $111 million. Cash flow provided by operating activities was $101 million and free cash flow was $77.0 million, with an ending cash position of $506 million. Shares repurchased were 440,814 for approximately $10.1 million. Rod Larson, Oceaneering's President and Chief Executive Officer, stated, "Our team continues to deliver positive results in a dynamic marke
Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) announces that it will report financial results for the third quarter of 2025 on Wednesday, October 22, 2025, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering's website at oceaneering.com. Oceaneering has also scheduled a conference call and webcast related to its third quarter results for Thursday, October 23, 2025, at 10:00 a.m. Central Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of Oceaneering's website. A replay of the conference call will be made available on the website approximately two hours
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 Officer, stated, "I am pleased to report another strong quarter, in which we del
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announces that it will report financial results for the second quarter of 2025 on Wednesday, July 23, 2025, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering's website at oceaneering.com. Oceaneering has scheduled a conference call and webcast related to its second quarter results for Thursday, July 24, 2025, at 10:00 a.m. Central Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of Oceaneering's website. A replay of the conference call will be made available on the website approximately two hours following
Acquisition Accelerates Growth of Falcon's Attractions Division with Industry-Leading IP, Technology, Talent, Capabilities, and Facilities Falcon's Beyond Global, Inc. (NASDAQ:FBYD) ("Falcon's Beyond", "Falcon's" or the "Company"), a visionary leader in innovative and immersive storytelling announced today that Falcon's has acquired Oceaneering Entertainment Systems (OES), a division of Oceaneering International Inc. (NYSE:OII) ("OII"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250515196508/en/Falcon's Beyond team In the transaction, Falcon's purchased OES's global portfolio of patented technologies, proprietary engineering
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