secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000073756-26-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375626000080/0000073756-26-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375626000080/oii-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000073756-26-000080

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