---
schema_version: "secwatch.filing_event.v1"
accession: "0000073756-23-000007"
form_type: "8-K"
ticker: "OII"
cik: "0000073756"
company_name: "OCEANEERING INTERNATIONAL INC"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:34:29.787432+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oceaneering Q4 net income $23.1M; guides 2023 EBITDA $260-310M

## Summary
- Q4 2022 net income $23.1M ($0.23 EPS) on revenue $536M; adjusted net income $6.4M ($0.06 EPS).
- Full-year 2022 adjusted EBITDA $233M above guidance midpoint; revenue $2.07B (+11% YoY).
- 2023 guidance: net income $75-90M, adjusted EBITDA $260-310M, free cash flow $75-125M, capex $90-110M.
- Q4 free cash flow $134M; cash $569M; consolidated backlog $1.95B; ROV utilization 62% at $8,967/day.
- CEO cites fourth consecutive year of improved adjusted EBITDA; expects >10% revenue growth in 2023.

## SEC filing metadata
- accession: 0000073756-23-000007
- form_type: 8-K
- ticker: OII
- cik: 0000073756
- company_name: OCEANEERING INTERNATIONAL INC
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73756/000007375623000007/0000073756-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73756/000007375623000007/oii-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073756-23-000007
- JSON: https://secwatch.observer/filing/0000073756-23-000007.json
- Plain text: https://secwatch.observer/filing/0000073756-23-000007.txt

## Key facts
- Earnings Releases
  OCEANEERING INTERNATIONAL INC reported year ending December 31, 2023 results: net income $75 million to $90 million. Guidance initiated.
  - Period: year ending December 31, 2023
  - Net income: $75 million to $90 million
  - Guidance: initiated
  - Result: guidance update
  source text: Guidance for 2023: • Net income is expected in the range of $75 million to $90 million and consolidated adjusted EBITDA is expected in the range of $260 million to $310 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/73756/000007375623000007/0000073756-23-000007-index.htm
- Earnings Releases
  OCEANEERING INTERNATIONAL INC reported three months ended December 31, 2022 results: revenue $536 million, net income $23.1 million, EPS $0.23.
  - Period: three months ended December 31, 2022
  - Revenue: $536 million
  - Net income: $23.1 million
  - EPS: $0.23
  - Result: reported results
  source text: OCEANEERING International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $23.1 million, or $0.23 per share, on revenue of $536 million for the three months ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/73756/000007375623000007/0000073756-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.