OII

HOUSTON, July 01, 2026--(BUSINESS WIRE)--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 had been received at the expiration of the Offer in the amount and percentage set forth in the table below. Subject to the completion of Oceaneering’s 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, which is expected to close on July 6, 2026, subject to customary closing conditions, Oceaneering expects to accept for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and all Notes properly delivered pursuant to guaranteed delivery procedures and expects to make payment for all such Notes on July 6, 2026. Oceaneering intends to redeem all remaining outstanding Notes. In connection with the Offer, Oceaneering issued a conditional notice of full redemption to redeem any and all Notes that remain outstanding following the Offer on or around July 25, 2026 pursuant to the indenture governing the Notes. This press release does not constitute a notice of redemption or an offer to purchase the Notes not purchased in the Offer. J.P. Morgan Securities LLC acted as dealer manager (the "Dealer Manager") for the Offer. Global Bondholder Services Corporation served as the Depositary and Information Agent for the Offer. This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Offer is being made only by, and pursuant to the terms of, the Offer to Purchase and the related Notice of Guaranteed Delivery. The Offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blu...

HOUSTON, June 18, 2026--(BUSINESS WIRE)--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 oceaneering.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260618309505/en/ Contacts Hilary FrisbieSenior Director, Investor [email protected]

It has been about a month since the last earnings report for Archrock Inc. (AROC). Shares have lost about 12.5% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Archrock Inc. due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. Archrock reported first-quarter 2026 adjusted earnings of 42 cents per share, which missed the Zacks Consensus Estimate of 47 cents by 10.6%. The bottom line remained flat year over year. The Houston, TX-based oil and gas equipment and services company generated total quarterly revenues of $373.8 million, up 7.7% year over year from $347.2 million reported in the year-ago quarter, reflecting higher contract operations activity and increased pricing. The figure missed the Zacks Consensus Estimate of $376.7 million by 0.8%. The lower-than-expected quarterly results were driven by higher selling, general and administrative (SG&A) costs and a non-cash impairment charge. Contract operations remained the primary growth engine. Segment revenues increased 10% year over year to $330.9 million from $300.4 in the year-ago quarter, supported by higher operating horsepower and pricing. Average operating horsepower at the quarter-end was 4.5 million compared with 4.3 million a year ago, while utilization is at 95% compared with the year-ago period’s figure of 96%, underscoring the durability of demand for its compression services. Profitability in the segment also improved on a year-ago basis. Contract operations adjusted gross margin increased 13% to $237.6 million from $210.6 million recorded in the prior-year period. Contract operations adjusted gross margin percentage expanded to 72% from 70% in the year-ago period, reflecting operating execution and pricing carryover. Aftermarket services were weaker year over year. Segment revenues were $42.9 million, down from $46.8 million recorded in the first quarter of 2025, reflecting lower service activity and a seasonal slowdown. Margins compressed modestly as well. Aftermarket services adjusted gross margin was $9.8 million compared with $11.5 million a year ago. The aftermarket services adjusted gross margin percentage declined to...

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the oilfield services industry, including Oceaneering (NYSE:OII) and its peers. Oilfield services companies provide equipment, technology, and services enabling exploration and production activities, including drilling, completion, well intervention, and reservoir evaluation. Their fortunes closely track upstream capital spending cycles. Tailwinds include increased drilling activity during favorable commodity environments, demand for efficiency-enhancing technologies, and growing offshore and unconventional resource development. Headwinds include significant revenue volatility tied to oil and gas price swings and producer spending discipline. Intense competition pressures pricing and margins, while the energy transition may structurally reduce long-term demand. Workforce availability and technological disruption require continuous adaptation. The 26 oilfield services stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 3.8%. While some oilfield services stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.7% since the latest earnings results. Deploying a fleet of 250 tethered underwater robots around the globe, Oceaneering International (NYSE:OII) provides remotely operated underwater vehicles and subsea equipment for offshore energy exploration. Oceaneering reported revenues of $692.4 million, up 2.7% year on year. This print exceeded analysts’ expectations by 3.5%. Despite the top-line beat, it was still a slower quarter for the company with a miss of analysts’ EBITDA and EPS estimates. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $38.13. Read our full report on Oceaneering here, it’s free. Managing over 24 billion barrels of produced water annually across major U.S. shale plays, Select Water Solutions (NYSE:WTTR) provides water sourcing, recycling, disposal, and treatment services for oil and gas producers. Select Water Solutions reported revenues of $366 million, down 2.3% year on year, outperforming analysts’ expectations by 6.8%. The business had an incredible quarter with a beat of analysts’ EPS estimates and EBITDA estimates. The market seems content with the results as...

It has been about a month since the last earnings report for Core Laboratories (CLB). Shares have lost about 4.9% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Core Laboratories due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Core Laboratories reported first-quarter 2026 adjusted earnings of 6 cents per share, which were in line with the Zacks Consensus Estimate. However, the bottom line decreased from the year-ago quarter’s reported figure of 8 cents due to the underperformance of both Reservoir Description and Production Enhancement segments. This oilfield service provider reported first-quarter operating revenues of $121.8 million, missing the Zacks Consensus Estimate of $123 million and decreasing from the earlier-year quarter’s reported figure of $124 million. This can be attributed to the closure of many client offices in the Middle East that resulted in project delays and the suspension of hydrocarbon production. During the first quarter, the company repurchased 51,781shares of common stock for a total of $0.9 million. CLB’s debt leverage ratio was at 1.20 and net debt increased by $3.9 million. Reservoir Description: Revenues in this segment increased 1.3% from the year-ago quarter to $81.9 million. Moreover, the top line beat our estimation of $81 million. Operating income decreased from $2.3 million in the year-ago period to $1.1 million and missed our estimate of $14.5 million, caused by two primary factors: the conflict in the Middle East and severe weather events across North America and the Mediterranean region, which also disrupted client operations and the demand for laboratory services in the quarter. Production Enhancement: This segment’s revenues decreased 6.6% to $39.9 million from $42.7 million in the prior-year quarter. Moreover, the top line missed our estimate of $42.05 million. Operating income decreased from $1.5 million in the year-ago period to $0.8 million. Moreover, the operating income from this segment missed our estimate of $3.7 million. The underperformance in the Production Enhancement segment can be attributed to low U.S. land drilling and...

Oceaneering has been on fire lately. In the past six months alone, the company’s stock price has rocketed 57.4%, reaching $38.68 per share. This performance may have investors wondering how to approach the situation. Is now the time to buy Oceaneering, or should you be careful about including it in your portfolio? See what our analysts have to say in our full research report, it’s free. We’re glad investors have benefited from the price increase, but we're swiping left on Oceaneering for now. Here are three reasons there are better opportunities than OII and a stock we'd rather own. Cyclical sectors like Energy often flatter weaker operators during favorable price environments, but a longer-term lens separates those from businesses that can consistently perform across market cycles. Over the last five years, Oceaneering grew its sales at a decent 10.1% compounded annual growth rate. Its growth was slightly above the average energy upstream and integrated energy company and shows its offerings resonate with customers. In a single quarter or year, gross margins in the sector can swing wildly due to commodity prices, hedging, or changes in labor costs. Over a multi-year period across different points in the cycle, gross margin differences can signal whether a company is a structurally-advantaged producer (“rock” quality, takeaway, operating costs) or not. Oceaneering, which averaged 17.4% gross margin over the last five years, exhibiting bottom-tier unit economics in the sector. It means the company will struggle at higher commodity prices than peers with better gross margins. Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. Oceaneering has shown weak cash profitability relative to peers over the last five years, giving the company fewer opportunities to return capital to shareholders. Its free cash flow margin averaged 4.7%, below what we’d expect for an upstream and integrated energy business. Oceaneering doesn’t pass our quality test. Following the recent surge, the stock trades at $38.68 per share (or a forward price-to-sales ratio of 1.3×). The market typically values companies like Oceaneering based on their anticipated profits for the next 12 months, but there aren’t enough publi...

A month has gone by since the last earnings report for Oceaneering International (OII). Shares have added about 1.2% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Oceaneering International due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Oceaneering International, Inc. before we dive into how investors and analysts have reacted as of late. Oceaneering International reported an adjusted profit of 30 cents per share for the first quarter of 2026, missing the Zacks Consensus Estimate of 35 cents. Moreover, the bottom line decreased from 43 cents in the year-ago quarter. This was due to lower operating income from its Offshore Projects Group and Integrity Management & Digital Solutions segments. Total revenues were $692.4 million, which beat the Zacks Consensus Estimate of $664 million and increased approximately 2.7% from the year-ago quarter’s $674.5 million, driven by higher revenues in the company’s Subsea Robotics, Manufactured Products and Aerospace and Defense Technologies segments. In the first quarter of 2026, the Houston, TX-based oil and gas equipment and services company reported adjusted EBITDA of $83.7 million, a 13.4% decrease year over year. Subsea Robotics (SSR): The unit provides remotely operated submersible vehicles for drill support, vessel-based inspection, subsea hardware installation, pipeline surveys and maintenance services. Revenues totaled $214.3 million compared with the year-ago quarter’s $206 million. The segment also reported an operating income of $55.5 million compared with $59.6 million a year ago. The company’s segment delivered an EBITDA margin of 32% in the first quarter of 2026, decreasing from the prior-year period’s 35%. Revenue per day for remotely operated vehicles (“ROVs”) rose to $12,401, while ROV fleet utilization declined to 61%. Manufactured Products: The segment focuses on the manufactured products business, theme park entertainment systems and automated guided vehicles. Revenues totaled $143.6 million compared with the year-ago quarter’s $135 million. The segment posted an operating profit of $26.1 million in the first quarter, up from the year-ago quarter’s $8.7 million. The backlog tota...

Solaris Energy Infrastructure SEI posted first-quarter 2026 adjusted earnings of 44 cents per share, up 120% year over year and ahead of the Zacks Consensus Estimate by 69.2%. The oilfield equipment and mobile power solutions provider’s revenues were $196.2 million, up 55.3% from the year-ago quarter and above the consensus by 8.5%. Leasing revenues rose to $105.4 million, while service revenues were $90.9 million, reflecting higher scale across operations. By segment, Power Solutions revenues increased to $128.5 million, while Logistics Solutions delivered $67.7 million. The quarter reflected stronger activity in both businesses, with Power Solutions averaging about 910 MW of capacity earning revenues and Logistics running 104 fully utilized systems. Management also highlighted continued contracting momentum tied to behind-the-meter data center power demand. Net income was $32.1 million in the quarter. On a non-GAAP basis, adjusted EBITDA was $83.6 million, up from $46.9 million in the year-ago period, driven primarily by higher Power Solutions activity levels and a modest lift in Logistics profitability. Solaris Energy Infrastructure, Inc. price-consensus-eps-surprise-chart | Solaris Energy Infrastructure, Inc. Quote A central theme in the quarter was Solaris’ push toward longer-term behind-the-meter power arrangements for large technology customers. Subsequent to the quarter, on April 24, 2026, the company entered into an agreement to provide more than 600 MW of capacity, including balance of plant, for a 10-year term with a five-year extension option, with deployments expected to begin in late 2026 and scale through 2028. In its investor materials, Solaris framed its contracted power base as exceeding 2,000 MW across multi-year partnerships with global technology leaders and highlighted a pro forma fleet of 3.1 GW expected to be delivered by the end of 2029. Beyond just supplying power capacity, management highlighted a “turnkey” approach that includes not only generation but also supporting equipment and services. Recent long-term contracts cover a wider range of needs, such as distribution, storage and other infrastructure. This allows the company to invest more per project and potentially earn higher returns over the life of the contract. Supporting this outlook, SEI has a strong pipeline of additional projects worth roughly $800 million to over $1 bi...

Image source: The Motley Fool. Thursday, April 23, 2026 at 11 a.m. ET Chief Executive Officer — Roderick A. Larson Senior Vice President and Chief Financial Officer — Michael L. Sumruld Roderick A. Larson: Good morning, and thanks for joining the call today. I am pleased with our first quarter results, which reinforce our confidence in the year ahead. We generated consolidated revenue and adjusted EBITDA consistent with our guidance, and drove strong commercial momentum, capturing new awards and extensions across the portfolio. At the segment level, Aerospace and Defense Technologies, or AdTech, posted significant year-over-year revenue growth as expected, indicating steady demand across our defense portfolio. Despite softer energy sector activity, Subsea Robotics, or SSR, and Manufactured Products both delivered year-over-year increases in revenue, demonstrating the resilience of our portfolio. Overall, this positions us well to deliver on our full-year guidance. Importantly, we further solidified our outlook with a strong first quarter order intake of approximately $1 billion, one of the healthiest intakes since 2020, which resulted in a constructive first quarter book-to-bill ratio. SSR awards totaled approximately $300 million, including projects extending to 2031, which improves our visibility into utilization levels across the next several years. In addition, we secured multiple survey contracts for the Ocean Intervention II that will keep the vessel highly utilized for the next three quarters and showcase its range of capabilities, including simultaneous operations. AdTech added approximately $175 million in new contract awards, exercised options, and increases to existing contract values. We also progressed on the technology front. As we shared on our last earnings call, we formally introduced Momentum, our next-generation electric work-class ROV, which delivers improvements in supervised autonomy, endurance, and reliability. We expect to mobilize it on one of our U.S. Gulf vessels during the second quarter. We continue to develop our autonomous systems portfolio, including our Freedom platform. One commercial unit is currently operating in West Africa, and we are moving towards testing and customer demonstration of a specialized Freedom vehicle for the Defense Innovation Unit, or DIU, which reinforces our position as a provider of dual-use technolog...

Oceaneering reported Q1 revenue of $692 million (up 3%) with adjusted EBITDA of $83.7 million and net income of $36 million, results management said were consistent with guidance as ADTECH growth offset softer energy activity. Management highlighted roughly $1 billion of Q1 order intake—one of its strongest quarters since 2020—including about $300 million of multi‑year SSR awards that improve utilization visibility, while rolling out new ROV and autonomous technologies (Momentum and Freedom). The company reaffirmed full‑year 2026 guidance (low‑ to mid‑single‑digit revenue growth and EBITDA of $390–$440 million) and expects Q2 EBITDA of $100–$110 million, though it flagged the Middle East conflict as a modest but ongoing uncertainty. Interested in Oceaneering International, Inc.? Here are five stocks we like better. 3 Swing Trades for Q3 Earnings Season Oceaneering International (NYSE:OII) reported first-quarter 2026 results that management said were consistent with prior guidance, as strength in its Aerospace and Defense Technologies segment offset softer energy-related activity. Executives also highlighted roughly $1 billion of first-quarter order intake—one of the company’s strongest quarterly intakes since 2020—while noting modest operational disruption tied to ongoing conflict in the Middle East. President and CEO Rod Larson said the company generated consolidated revenue and adjusted EBITDA “consistent with our guidance” and saw “strong commercial momentum” from new awards and contract extensions. He pointed to significant year-over-year growth in Aerospace and Defense Technologies (ADTECH) revenue, while Subsea Robotics (SSR) and Manufactured Products also increased revenue year over year despite “softer energy sector activity.” → GE Vernova Beats Earnings by 790% as Data Center Demand Explodes Senior Vice President and CFO Mike Sumruld said first-quarter revenue was $692 million, up 3% from the prior-year quarter. Operating income was $57.8 million, down 21%, while net income was $36 million, or $0.36 per share, down 28%. Adjusted EBITDA was $83.7 million, down 13%. Sumruld said the year-over-year comparisons were “materially impacted” by what he described as a record first quarter in 2025 for the Offshore Projects Group (OPG). → STMicronelectronics Sends Industrial Chips Into Overdrive Sumruld said Oceaneering used $59.1 million of cash for operating...

This article first appeared on GuruFocus. Revenue: $692 million, a 3% year-over-year increase. Operating Income: $57.8 million, down 21% year-over-year. Net Income: $36 million or $0.36 per share, down 28% year-over-year. Adjusted EBITDA: $83.7 million, down 13% year-over-year. Cash Flow from Operations: Utilized $59.1 million, primarily for performance-based incentive compensation and increased customer receivables. Capital Expenditures: $17.4 million, with 54% for growth and 46% for maintenance. Free Cash Flow: Negative $76.5 million, an improvement of $30 million compared to the first quarter of 2025. Cash Balance: $607 million at the end of the quarter. Total Liquidity: $822 million, including $215 million available under the secured revolving credit facility. SSR Operating Income: $55.5 million, down 7% year-over-year. Average ROV Revenue per Day Utilized: Increased from $10,788 to $12,401. SSR EBITDA Margin: 32%, impacted by lower ROV utilization. Manufactured Products Revenue: Increased 6% year-over-year. Manufactured Products Operating Income: $26.1 million, up 37% excluding a prior inventory reserve. Backlog: $492 million, down $51 million from the first quarter of 2025. OPG Revenue: $135 million with a 14% operating margin. AdTech Revenue: Increased to $131 million. Unallocated Expenses: $49.3 million, increased due to wage inflation, foreign exchange impacts, and IT costs. Warning! GuruFocus has detected 5 Warning Signs with CNOB. Is OII fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Oceaneering International Inc (NYSE:OII) reported consolidated revenue and adjusted EBITDA consistent with their guidance, indicating strong commercial momentum. The Aerospace and Defense Technologies (AdTech) segment posted significant year-over-year revenue growth, reflecting steady demand across the defense portfolio. The company secured a strong first-quarter order intake of approximately $1 billion, one of the healthiest since 2020, improving visibility into future utilization levels. Oceaneering International Inc (NYSE:OII) introduced Momentum, a next-generation electric work-class ROV, expected to enhance supervised autonomy, endurance, and reliability. The company maintained a healthy balance sheet with a cash balance...

Oceaneering International, Inc. OII reported an adjusted profit of 30 cents per share for the first quarter of 2026, missing the Zacks Consensus Estimate of 35 cents. Moreover, the bottom line decreased from 43 cents in the year-ago quarter. This was due to lower operating income from its Offshore Projects Group and Integrity Management & Digital Solutions segments. Total revenues were $692.4 million, which beat the Zacks Consensus Estimate of $664 million and increased approximately 2.7% from the year-ago quarter’s $674.5 million, driven by higher revenues in the company’s Subsea Robotics, Manufactured Products and Aerospace and Defense Technologies segments. In the first quarter of 2026, the Houston, TX-based oil and gas equipment and services company reported adjusted EBITDA of $83.7 million, a 13.4% decrease year over year. Oceaneering International, Inc. price-consensus-eps-surprise-chart | Oceaneering International, Inc. Quote Subsea Robotics (SSR): The unit provides remotely operated submersible vehicles for drill support, vessel-based inspection, subsea hardware installation, pipeline surveys and maintenance services. Revenues totaled $214.3 million compared with the year-ago quarter’s $206 million. The segment also reported an operating income of $55.5 million compared with $59.6 million a year ago. The company’s segment delivered an EBITDA margin of 32% in the first quarter of 2026, decreasing from the prior-year period’s 35%. Revenue per day for remotely operated vehicles (“ROVs”) rose to $12,401, while ROV fleet utilization declined to 61%. Manufactured Products: The segment focuses on the manufactured products business, theme park entertainment systems and automated guided vehicles. Revenues totaled $143.6 million compared with the year-ago quarter’s $135 million. The segment posted an operating profit of $26.1 million in the first quarter, up from the year-ago quarter’s $8.7 million. The backlog totaled $492 million as of March 31, 2026, down 9.4% from the same time in 2025. For the 12 months ending March 31, 2026, the book-to-bill ratio was 0.91. Offshore Projects Group (OPG): This segment involves Oceaneering’s former Subsea Projects unit, excluding survey services and global data solutions, the service and rental business and ROV tooling. Revenues decreased about 17.9% to $135.4 million from $164.9 million in the year-ago quarter. The unit’s...