earnings
confidence high
sentiment negative
materiality 0.72
Oceaneering Q1 net income down 28% to $36.1M; adj. EBITDA within guidance
OCEANEERING INTERNATIONAL INC
2026-Q1 EPS reported
$0.36
revenue$692,429,000
- Revenue $692M (+3% YoY); operating income $57.8M (-21%); net income $36.1M (-28%).
- Adjusted EBITDA $83.7M (-13%); free cash flow $(76.5)M; cash at period-end $607M.
- SSR ROV utilization fell to 61% from 67% YoY; revenue per day utilized rose to $12,401.
- ADTech revenue +35% to $131M but operating income fell 24% on contract dispute accrual.
- FY 2026 EBITDA guidance reaffirmed at $390M–$440M; Q2 EBITDA guided $100M–$110M.
item 2.02item 9.01