---
schema_version: "secwatch.filing_event.v1"
accession: "0000073756-24-000005"
form_type: "8-K"
ticker: "OII"
cik: "0000073756"
company_name: "OCEANEERING INTERNATIONAL INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:19:56.086857+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Oceaneering Q4 net income $44.5M, 2023 revenue up 17% to $2.42B, guides 2024 EBITDA $330M-$380M

## Summary
- Q4 net income $44.5M ($0.43 diluted EPS); adjusted net income $19.4M ($0.19 EPS).
- Full-year 2023 revenue $2.42B (+17% YoY), adjusted EBITDA $289M, free cash flow $109M.
- Eliminated 2024 debt maturity; nearest debt now $500M due Feb 2028; ending cash $462M.
- ROV fleet 250, utilization 68%, avg revenue per day on hire $9,618.
- 2024 guidance: net income $125M-$155M, EBITDA $330M-$380M, free cash flow $110M-$150M.

## SEC filing metadata
- accession: 0000073756-24-000005
- form_type: 8-K
- ticker: OII
- cik: 0000073756
- company_name: OCEANEERING INTERNATIONAL INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73756/000007375624000005/0000073756-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73756/000007375624000005/oii-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073756-24-000005
- JSON: https://secwatch.observer/filing/0000073756-24-000005.json
- Plain text: https://secwatch.observer/filing/0000073756-24-000005.txt

## Key facts
- Earnings Releases
  OCEANEERING INTERNATIONAL INC reported the three months ended December 31, 2023 results: revenue $655 million, net income $44.5 million, or $0.43 per share, EPS $0.43 per share.
  - Period: the three months ended December 31, 2023
  - Revenue: $655 million
  - Net income: $44.5 million, or $0.43 per share
  - EPS: $0.43 per share
  - Result: reported results
  source text: Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $44.5 million, or $0.43 per share, on revenue of $655 million for the three months ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/73756/000007375624000005/0000073756-24-000005-index.htm

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