The earnings call reflected a strong performance in revenue and adjusted EBITDA growth, driven by robust results in key business segments like ADTech and OPG. However, there were concerns regarding survey vessel utilization and muted bookings in Manufactured Products. Overall, the positive aspects outweigh the lowlights, suggesting a resilient business outlook.

Company Guidance

In the second quarter of 2025, Oceaneering International exceeded its adjusted EBITDA guidance by delivering a 20% increase, marking eight consecutive quarters of meeting or exceeding guidance. The company's consolidated revenue rose to $698 million, a 4% increase from the previous year, with net income reaching $54.4 million, or $0.54 per share. Operating income improved by 31% to $79.2 million, while consolidated adjusted EBITDA grew to $103 million. The company generated $77.2 million from operating activities and repurchased $10 million in common stock. Notably, the average daily revenue for Remotely Operated Vehicles (ROV) increased earlier than expected to $11,265. Looking ahead to the third quarter, Oceaneering projects an increase in consolidated EBITDA to between $100 million and $110 million, with full-year 2025 EBITDA expected in the range of $390 million to $420 million. The company anticipates sustained growth across its segments, particularly in Aerospace and Defense Technologies, benefiting from increased defense contracts and favorable legislative impacts.

Strong Adjusted EBITDA Performance

Oceaneering delivered a 20% increase in consolidated adjusted EBITDA, exceeding their projected year-over-year increase of 16%. This marks 8 straight quarters of meeting or exceeding adjusted EBITDA guidance.

Consistent Revenue and Income Growth

Consolidated revenue increased to $698 million, a 4% rise over the second quarter of 2024. Consolidated operating income rose by 31% to $79.2 million.

Impressive Performance in ADTech and OPG

ADTech operating income increased by 125% to $16.3 million on a 13% revenue increase. OPG operating income improved significantly to $21.7 million with a 4% increase in revenue.

Positive Cash Flow and Share Repurchase

Generated $77.2 million in operating activities and repurchased approximately $10 million worth of shares for the fourth consecutive quarter.

Robust Performance in ROV Business

Average ROV revenue per day increased to $11,265, surpassing expectations, contributing to a 4% improvement in operating income for Subsea Robotics.

Oceaneering International (OII) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

OII Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.43 / -	0.36	―	―	―
Jul 23, 2025	2025 (Q2)	0.40 / 0.49	0.28	75.00% (+0.21)	―
Apr 23, 2025	2025 (Q1)	0.30 / 0.43	0.14	207.14% (+0.29)	―
Feb 19, 2025	2024 (Q4)	0.40 / 0.37	0.19	94.74% (+0.18)	―
Oct 23, 2024	2024 (Q3)	0.43 / 0.36	0.38	-5.26% (-0.02)	―
Jul 24, 2024	2024 (Q2)	0.32 / 0.28	0.18	55.56% (+0.10)	―
Apr 24, 2024	2024 (Q1)	0.07 / 0.14	0.05	180.00% (+0.09)	―
Feb 22, 2024	2023 (Q4)	0.25 / 0.19	0.06	216.67% (+0.13)	―
Oct 25, 2023	2023 (Q3)	0.32 / 0.38	0.23	65.22% (+0.15)	―
Jul 26, 2023	2023 (Q2)	0.29 / 0.18	0.07	157.14% (+0.11)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

OII Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$22.43	$23.95	+6.78%
Apr 23, 2025	$17.27	$17.92	+3.76%
Feb 19, 2025	$25.18	$24.15	-4.09%
Oct 23, 2024	$23.23	$24.63	+6.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Oceaneering International (OII) report earnings?

Oceaneering International (OII) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Oceaneering International (OII) earnings time?

Oceaneering International (OII) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is OII EPS forecast?

OII EPS forecast for the fiscal quarter 2025 (Q3) is 0.43.

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