---
schema_version: "secwatch.filing_event.v1"
accession: "0000073756-26-000080"
form_type: "8-K"
ticker: "OII"
cik: "0000073756"
company_name: "OCEANEERING INTERNATIONAL INC"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:58:39.942220+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Oceaneering Q1 net income down 28% to $36.1M; adj. EBITDA within guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0000073756-26-000080
- form_type: 8-K
- ticker: OII
- cik: 0000073756
- company_name: OCEANEERING INTERNATIONAL INC
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73756/000007375626000080/0000073756-26-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73756/000007375626000080/oii-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073756-26-000080
- JSON: https://secwatch.observer/filing/0000073756-26-000080.json
- Plain text: https://secwatch.observer/filing/0000073756-26-000080.txt

## Key facts
- Earnings Releases
  OCEANEERING INTERNATIONAL INC reported first quarter 2026 results: revenue $692 million, net income $36.1 million. Guidance reaffirmed.
  - Period: first quarter 2026
  - Revenue: $692 million
  - Net income: $36.1 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: International, Inc. ("Oceaneering") (NYSE:OII) today reported first quarter 2026 results . First Quarter 2026 Results • As compared to the first quarter of 2025: ◦ Revenue was $692 million, an increase of 3%. ◦ Operating income was $57.8 million, a decrease of 21%. ◦ Net income was $36.1 million, a decrease of 28%. ◦ Adjusted EBITDA was $83.7 million, a decrease of
  evidence_url: https://www.sec.gov/Archives/edgar/data/73756/000007375626000080/0000073756-26-000080-index.htm

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