secwatch.observer — SEC 8-K summary
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Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2026-07-22T21:01:50+00:00
Accession:  0000073756-26-000134
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oceaneering Q2 revenue up 10% to $768M, adjusted EBITDA $115M beats guidance; FY outlook raised
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- Net income $65.0M (+19% YoY); adjusted EBITDA $115M (+11% YoY), above top end of guidance.
- Full-year 2026 adjusted EBITDA guidance raised to $400M-$440M; Q3 EBITDA guided $115M-$125M.
- Issued $500M of 6.875% senior notes due 2034; amended credit facility to $345M, extended to July 2031.
- Subsea Robotics revenue $232M; OPG revenue +22%; ADTech revenue +22%; IMDS revenue -6%.
- Free cash flow $32M; quarter-end cash $629M; repurchased 263,335 shares for ~$10M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375626000134/0000073756-26-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375626000134/oii-20260722.htm
  HTML page:      https://secwatch.observer/filing/0000073756-26-000134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer