Oceaneering International Inc

OII

Equity

ISIN null / Valor 958626

New York Stock Exchange, Inc (2025-11-21)

USD 24.15+3.29%

Oceaneering International Inc
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About company

Oceaneering International Inc, established in 1964 as a Gulf of Mexico diving company by Mike Hughes and Johnny Johnson, has evolved significantly over the decades. Initially focused on diving services, the company expanded its offerings and merged with two other diving companies in 1969, marking the birth of Oceaneering International Inc. Today, it stands as a global provider of engineered products and services, catering primarily to the offshore energy industry. The company's operations encompass a broad spectrum of services throughout the lifecycle of an offshore oilfield, including drilling, maintenance, and decommissioning. Oceaneering boasts the world's premier fleet of work class remotely operated vehicles (ROVs), and it is recognized as a leader in offshore oilfield maintenance services, umbilicals, subsea hardware, and tooling. Beyond its core focus on the offshore energy sector, Oceaneering has diversified its expertise to serve industries such as defense, entertainment, material handling, aerospace, science, and renewable energy, leveraging its technology and engineering capabilities to meet a wide range of client needs.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Oceaneering International Inc achieved a 4% increase in revenue, reaching $698 million in the second quarter of 2025 compared to the same period in 2024.

Operating and Net Income

Operating income rose by 31% to $79.2 million, while net income surged by 56% to $54.4 million year-over-year.

Adjusted EBITDA

Adjusted EBITDA increased by 20%, totaling $103 million for the second quarter of 2025.

Cash Flow and Share Repurchase

The company generated $77.2 million in cash flow from operating activities and $46.9 million in free cash flow, ending the quarter with a cash position of $434 million. Additionally, Oceaneering repurchased 471,759 shares for approximately $10.0 million.

Segment Performance

All operating segments reported year-over-year improvements in revenue and operating income. Notably, the Subsea Robotics segment saw a 4% increase in operating income to $64.5 million, while the ADTech segment's operating income surged by 125% to $16.3 million.

Summarized from source with an LLMView Source

Key figures

-16.2%1Y

65.3%3Y

279%5Y

Performance

45.1%1Y

45.3%3Y

56.3%5Y

Volatility