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Oceaneering International OII Q3 2026 earnings

Reported October 21, 2026 · After market close

Revenue$784.6MBeat by $8.6M
EPS$0.50Miss by $0.09
Revenue estimate$775.9M
EPS estimate$0.59
“Our third-quarter results were in line with our guidance and consensus estimates. Subsea Robotics (SSR) delivered improved year-over-year results, while Offshore Projects Group (OPG) continued to perform well. We generated significant free cash flow during the quarter as a result of improved operational cash and lower tax payments and capital spend. We expect free cash flow generation to moderate in the fourth quarter, but we remain on track to achieve the top end of our full-year guidance.”
Rod Larson

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$784.6M+5.6%
Gross profit$164.6M+7.7%
Operating income$92.2M+6.5%
Net income$52.6M-26.2%
EPS (diluted)$0.52-26.8%

Balance sheet

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Cash & equivalents$734.9M+45.2%
Total debt$795.6M-11.6%
Total equity$1.2B+34.7%
Total assets$2.8B+9.3%

Cash flow

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Operating cash flow$163.0M+61.0%
CapEx$21.1M-12.8%
Free cash flow$141.9M+84.2%

Valuation & ratios

Valuation

as of 11/02/26
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Market cap$4.07B+68.7%
Enterprise value$4.13B+47.2%
P/E12.3×+1.9×
P/S1.4×+0.5×

Profitability

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Gross margin19.9%-0.5pp
Operating margin10.4%-0.8pp
Net margin11.4%+3.2pp

Returns & leverage

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Return on equity31.1%+2.2pp
Debt / equity0.7×-0.3×
Current ratio2.2×+0.2×

Segments

By segment

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Subsea Robotics Member$233.0M+6.5%
Offshore Projects Group$172.5M+0.9%
Manufactured Products Member$168.2M+7.5%
Integrity Managements & Digital Solutions Member$75.8M+7.1%

FAQ

When did Oceaneering International report Q3 2026 earnings?
Oceaneering International (OII) reported Q3 2026 earnings on October 21, 2026 after market close.
What were Oceaneering International's Q3 2026 revenue and EPS?
Oceaneering International reported revenue of $784.6M and eps of $0.50 for Q3 2026.
Did Oceaneering International beat estimates in Q3 2026?
Revenue beat the consensus estimate of $775.9M by $8.6M. EPS missed the consensus estimate of $0.59 by $0.09.
How did Oceaneering International's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.6% from $742.9M a year earlier and eps declined 9.1% from $0.55.
Where can I find Oceaneering International's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000073756-26-000152) and the 10-Q periodic report (0000073756-26-000154) directly on SEC EDGAR. The filing index links above go to sec.gov.