---
schema_version: "secwatch.filing_event.v1"
accession: "0000073756-26-000152"
form_type: "8-K"
ticker: "OII"
cik: "0000073756"
company_name: "OCEANEERING INTERNATIONAL INC"
filed_at: "2026-10-21T21:01:52+00:00"
generated_at: "2026-10-21T21:04:06.142883+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Oceaneering Q3 revenue rises 6% to $785M; net income falls 26%; initiates 2027 EBITDA guide $430-480M

## Summary
- Revenue $785M (+6% YoY); operating income $92.2M (+7%); net income $52.6M (-26%); adjusted EBITDA $119M (+7%).
- Cash flow from operations $163M; free cash flow $142M; cash $735M vs $506M a year ago; repurchased 101,038 shares for ~$5.0M.
- SSR revenue $233M, operating income $75.4M (+16%), EBITDA margin 39%; ROV revenue/day $11,781; fleet utilization 65%.
- Manufactured Products revenue +8%, operating income $25.1M, margin 15%, backlog $435M, book-to-bill 0.77; ADTech revenue $135M (+7%), operating income $14.7M.
- Q4 2026 EBITDA guidance $85-95M; initial FY2027 EBITDA guidance $430-480M; issued $500M 6.875% senior notes due 2034, revolver expanded to $345M through July 2031.

## SEC filing metadata
- accession: 0000073756-26-000152
- form_type: 8-K
- ticker: OII
- cik: 0000073756
- company_name: OCEANEERING INTERNATIONAL INC
- filed_at: 2026-10-21T21:01:52+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73756/000007375626000152/0000073756-26-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73756/000007375626000152/oii-20261021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073756-26-000152
- JSON: https://secwatch.observer/filing/0000073756-26-000152.json
- Plain text: https://secwatch.observer/filing/0000073756-26-000152.txt

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