Oceaneering Q4 revenue falls

-0.93%

Oceaneering International, Inc.

OII

37.10

-0.93%

Overview

Global technology firm's Q4 revenue fell 6% yr/yr, missing analyst expectations
Net income surged 217% due to a discrete tax benefit
Company repurchased 419,005 shares for $10.1 mln

Outlook

Oceaneering expects full-year 2026 net income between $178 mln and $203 mln
Company projects 2026 consolidated EBITDA between $390 mln and $440 mln
Oceaneering forecasts 2026 free cash flow between $100 mln and $120 mln

Result Drivers

OPG DECLINE - Revenue and operating income in the Offshore Projects Group fell due to fewer high-margin international projects compared to Q4 2024
FREE CASH FLOW - Strong free cash flow of $191 mln was driven by the timing of customer collections, according to CEO Rod Larson

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Miss	$669 mln	$681.22 mln (3 Analysts)
Q4 Net Income		$178 mln

Press Release: ID:nBw7gB5TMa

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