OII
Oceaneering International Inc (OII) Q2 2026 Earnings Call Highlights: Record EBITDA and ...
Article Summary
BUY- Oceaneering International Inc. (NYSE: OII) reported record Q2 2026 EBITDA as the Offshore Projects Group (OPG) and Subsea Robotics (SSR) delivered year-over-year growth driven by increased rig utilization and higher average ROV revenue per day.
- Oceaneering International, secured new contract awards across various segments, including a significant ROV services award in Brazil, strengthening future demand visibility.
- OII strengthened its capital structure by extending debt maturities and increasing the size of its credit facility, providing additional financial flexibility.
- Management reaffirmed its focus on organic growth first, followed by inorganic growth, and returning capital to shareholders through share buybacks.
- Guidance calls for continued growth in energy, defense, and ROVs, with OPG expected to benefit from stronger project activity in the United States Gulf and West Africa.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 3.8% | 25% | 20.0 ptsMinimal (3.8%) - Very weak |
| EPS Growth Next 5Y ? | 9.9% | 25% | 20.0 ptsWeak (9.9%) - Low expectations |
| Target Price Upside ? | 24.0% above | 20% | 0.0 ptsAbove Target (24.0% above) - Target: $36.50 vs Current: $48.02 |
| Gross Margin % ? | 19.8% | 15% | 20.0 ptsThin (19.8%) - Low-margin business |
| Drawdown from 52-Wk High ? | 4.6% | 15% | 20.0 ptsBarely a Dip (4.6%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About OII
- Oceaneering International, Inc. provides engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries in the United States, Africa, the United Kingdom, Norway, Brazil, Asia, Australia, and internationally.
- It operates through five segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies.
- The Subsea Robotics segment offers remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair; ROV tooling; and survey services comprising hydrographic survey and positioning services and autonomous underwater vehicles for geoscience.
- Its Manufactured Products segment provides distribution and connection systems, such as production control umbilicals and field development hardware and pipeline connection and repair systems; connectors and subsea and topside control valves primarily to the energy industry; and autonomous mobile robotic technology to various industries.
- The Offshore Projects Group segment offers subsea installation and intervention, including riserless light well intervention services, inspection, maintenance and repair services; installation and workover control systems and ROV workover control systems; diving services; project management and engineering; and drill pipe riser services and systems and wellhead load relief solutions.
- Its Integrity Management & Digital Solution segment provides asset integrity management services, as well as software, digital, and connectivity solutions for the energy industry.
- The Aerospace and Defense Technologies segment offers services and products, such as engineering and related manufacturing in defense and space exploration activities.
- The company was founded in 1964 and is headquartered in Houston, Texas.