UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10945 ____________________________________________ OCEANEERING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter ...

Financial Data and Key Metrics Changes - Oceaneering reported its third quarter 2022 results, with a focus on future financial performance and business strategy [4][5] - The company provided initial thoughts on its 2023 outlook during the call [7] Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content Market Data and Key Metrics Changes - Information on market data and key metrics changes was not included in the available content Company Strategy and Development Direction and Industry Competition - Oceaneering is initiating discussions about its 2023 outlook, indicating a proactive approach to future planning [7] Management's Comments on Operating Environment and Future Prospects - Management emphasized the importance of forward-looking statements regarding financial performance and industry conditions [4] Other Important Information - The call included a reminder about the use of non-GAAP financial measures, with additional details available in the press release [5] Q&A Session All Questions and Answers - No specific questions and answers from the Q&A session were provided in the available content

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10945 ____________________________________________ OCEANEERING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) (St ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $53.5 million for Q2 2022, reflecting a significant increase compared to Q1 2022, with a sequential revenue growth of 17% [13][16] - Cash balance declined by $70 million to $368 million, primarily due to an increase in receivables, but the company expects positive free cash flow generation for 2022, revising guidance to $25 million to $75 million [15][49] - Adjusted EBITDA guidance for the full year 2022 has been updated to a range of $210 million to $240 million [10][50] Business Segment Data and Key Metrics Changes - Subsea Robotics (SSR) segment saw significant revenue and operating income increases, with an EBITDA margin of 28%, up from the previous quarter [18][19] - The Offshore Project Group (OPG) segment also reported significant revenue and operating income growth, with operating income margin increasing from 1% in Q1 to 15% in Q2 2022 [24][25] - The Aerospace and Defense Technologies (ADTech) segment experienced a decline in operating income margin from 15% in Q1 to 10% in Q2, despite a 5% increase in revenue [27] Market Data and Key Metrics Changes - The company noted strong market dynamics supporting robust activity in offshore markets, particularly in the Gulf of Mexico, with expectations for high seasonal IMR and installation activity [30][41] - ROV days on hire increased to 14,631 in Q2 from 11,842 in Q1, with fleet utilization rising to 64% from 53% [20][21] - The company maintained a 58% market share for ROV contracts on floating rigs, an improvement from 55% in the previous quarter [22] Company Strategy and Development Direction - The company is focused on energy transition and transforming its businesses to thrive in evolving market conditions, with expectations for increased activity levels over the next several years [51] - The company aims to retain and attract top talent, ensure appropriate pricing, and deliver value-added solutions with high quality and safety [52] - The company is reducing its estimates for 2022 organic capital expenditures to align with free cash flow expectations, indicating a focus on financial prudence [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the returning offshore industry, emphasizing the importance of energy security and dependable energy sources [11][50] - The company anticipates a significant increase in revenue and operating results for OPG, with operating margins expected to remain in the mid-teens range [30][41] - Management acknowledged inflationary pressures on direct costs but is working to mitigate margin deterioration through cost improvements and contractual price increases [43] Other Important Information - The company entered into a new revolving credit facility in Q2 2022, providing substantial liquidity through April 2026 [48] - The anticipated entertainment-related product sale is now projected to conclude in the second half of 2022, potentially impacting Q4 results positively [39] Q&A Session Summary Question: Subsea Robotics margin guidance and pricing opportunities - Management clarified that the margin guidance for SSR remains in the high 20% range, with pricing adjustments being more immediate in OPG compared to ROV, which is tied to longer contracts [56][57] Question: Fourth quarter EBITDA expectations - Management explained that improvements in ADTech projects and a longer season in OPG contribute to the stronger Q4 expectations, alongside anticipated ROV pricing improvements [59][60] Question: Concerns regarding receivables and potential write-downs - Management indicated that the issues with receivables are more about timing and processing rather than credit risk, assuring that customers have the cash to pay [66][69]

Financial Data and Key Metrics Changes - For Q1 2022, the company reported a net loss of $19.2 million or $0.19 per share on revenue of $446 million, with an adjusted net loss of $6.4 million or $0.06 per share [8][9] - Consolidated adjusted EBITDA for Q1 2022 was $31.5 million, a significant decrease from the prior quarter [10] - The company maintained its original EBITDA guidance of $225 million to $275 million for the full year of 2022 [6][31] Business Segment Data and Key Metrics Changes - Subsea Robotics (SSR) operating income was significantly lower with a modest decrease in revenue, resulting in an EBITDA margin of 24% for Q1 2022 [11] - Manufactured Products segment saw a 20% decrease in revenue, with operating income margin declining to 3% from 9% in the previous quarter [14] - Offshore Projects Group (OPG) operating income margin declined to 1% in Q1 2022 from 8% in the previous quarter due to cost overruns [15] - Aerospace and Defense Technologies (AdTech) operating income margin improved to 15% from 13% in the previous quarter despite slightly lower revenue [16] Market Data and Key Metrics Changes - ROV days on hire were 11,842 in Q1 2022, down from 12,747 in Q4 2021, with fleet utilization at 53%, slightly down from 55% [12][13] - The book-to-bill ratio was 1.2 for the trailing 12 months, compared to 1.1 for the year ended December 31, 2021 [15] Company Strategy and Development Direction - The company is focused on increasing activity levels and pricing improvements, with expectations for a robust ramp-up in activity throughout 2022 [6][31] - There is a continued emphasis on expanding into new geographies and adding new customers, particularly in the IMBS segment [26] - The company is pursuing opportunities in energy transition and non-energy markets to support sustainable growth [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the macro drivers supporting increased activity and pricing improvements, with expectations for significant improvement in Q2 2022 [6][18] - The company anticipates higher revenue and operating results across various segments, particularly in SSR and OPG, due to seasonal activity increases [20][21] - Management acknowledged challenges such as inflation, hiring, and supply chain issues but emphasized effective management of these challenges [32] Other Important Information - The company reported a cash reduction of $100 million in Q1 2022, ending the quarter with $438 million in cash and cash equivalents [17][29] - The company replaced its credit facility with a new $215 million senior secured revolving credit facility, enhancing financial flexibility [29] Q&A Session Summary - No questions were raised during the Q&A session, and the call concluded without further inquiries [34][35]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10945 ____________________________________________ OCEANEERING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) De ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10945 ____________________________________________ OCEANEERING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delawar ...

Financial Data and Key Metrics Changes - For the full year 2021, the company achieved adjusted EBITDA of $211 million, exceeding the guidance midpoint by 14% [5][19] - The cash position increased by $86 million to $538 million by the end of 2021, with $126 million of free cash flow generated in Q4 2021 [5][19] - The net debt-to-adjusted EBITDA ratio decreased from 1.9 at the end of 2020 to 0.8 at the end of 2021 [25] Business Segment Data and Key Metrics Changes - Subsea Robotics (SSR) operating income improved sequentially despite lower revenue, with an EBITDA margin of 31% in Q4 2021, up from 29% in Q3 2021 [10][11] - Manufactured Products revenue for Q4 2021 was $103 million, a 37% increase from Q3 2021, with an adjusted operating income margin of 9% [13] - Offshore Projects Group (OPG) revenue declined by 11% in Q4 2021 due to seasonality, but operating income margin remained consistent at 8% [14] - Integrity Management and Digital Solutions (IMDS) saw an increase in operating income margin to 10% in Q4 2021 from 9% in Q3 2021 [15] - Aerospace and Defense Technologies (ADTech) experienced a decline in operating income margin to 13% due to changes in project mix [16] Market Data and Key Metrics Changes - Brent pricing forecasted to reach nearly $90 per barrel in 2022, supporting increased E&P, OpEx, and CapEx spending [29][30] - Rystad forecasts a 55% increase in tree awards in 2022, indicating growing demand in the offshore sector [29] - Offshore wind CapEx and OpEx spending projected to average around $50 billion per year in 2022 and 2023, an 85% increase from previous years [30] Company Strategy and Development Direction - The company aims to generate positive free cash flow of $75 million to $125 million in 2022, with EBITDA projected between $225 million and $275 million [6][33] - Focus on developing technologies for cleaner and safer hydrocarbon production while increasing investments in new markets, including energy transition and digital asset management [33] - The company plans to maintain capital discipline with organic capital expenditures projected between $70 million and $90 million for 2022 [34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market fundamentals driving increased activity across all segments in 2022 [5][6] - The first quarter of 2022 is expected to be significantly lower compared to Q4 2021 due to seasonality and uncertainties regarding U.S. government appropriations [31][40] - Management highlighted the importance of maintaining competitive advantages in ROV services through reverse compatibility and efficient capital use [52] Other Important Information - The company reported a total recordable incident rate (TRIR) of 0.4 for 2021, consistent with record performance in 2020 [24] - Sustainability initiatives include hiring an environmental consulting firm to gather greenhouse gas emissions data and establishing a baseline for future emissions reductions [26][27] Q&A Session Summary Question: How realistic is the guidance given the macro environment? - Management acknowledged potential upside if oil prices remain high, but noted challenges related to equipment availability [50] Question: What is the capital intensity of maintaining competitive dominance in ROV services? - Management emphasized the ability to upgrade existing ROVs at lower costs due to high levels of equipment reuse [52] Question: What is the outlook for shareholder distributions? - Management indicated that decisions on shareholder distributions are currently TBD, focusing on growth opportunities first [62] Question: Will more discrete contract project work be needed for OPG to meet 2022 outlook? - Management stated that both speculative work and discrete opportunities are necessary for robust activity in OPG [65]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10945 OCEANEERING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Financial Data and Key Metrics Changes - For Q3 2021, consolidated EBITDA was $50.3 million, a decrease from Q2 2021 but within the guidance range [9] - Cash flow from operations was $36.5 million, and free cash flow was $24 million [10] - The cash balance at the end of Q3 2021 was $448 million, slightly down due to repurchases of senior notes [10][27] - The company initiated 2022 EBITDA guidance in the range of $225 million to $275 million, representing a 16% increase from the 2021 adjusted EBITDA midpoint of $215 million [7] Business Segment Performance Changes - Subsea Robotics (SSR) revenue increased slightly, but operating income declined due to lower margins in ROV services [12] - Manufactured Products revenue was $75.4 million, with a backlog of $334 million, improving from $315 million in Q2 2021 [14] - Offshore Projects Group (OPG) revenue declined by 11%, but operating income margin improved from 7% to 8% [15] - Aerospace and Defense Technologies (ADTech) operating income declined by 15%, with an operating income margin of 16% [17] Market Data and Key Metrics Changes - The Gulf of Mexico operations were impacted by Hurricane Ida, affecting overall activity levels [11] - The company maintained a 58% drill support market share with ROV contracts on 77 of the 133 floating rigs [13] - The book-to-bill ratio was 1.3 for the first nine months of 2021, indicating a healthy order intake [14] Company Strategy and Industry Competition - The company is focusing on growth in energy transition markets, including offshore wind, while maintaining a balanced approach to capital allocation [28][36] - There is an emphasis on reducing carbon footprints in oil and gas operations, with investments in autonomous vehicles and new technologies [36] - The company expects to generate positive free cash flow similar to 2021 levels while addressing its 2024 debt maturity [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the energy services industry and anticipated growth in offshore oil and gas markets [28] - The company expects improved operating performance across segments in 2022, particularly in Subsea Robotics and offshore projects [29] - Management highlighted the importance of addressing inflation and supply chain issues while attracting and retaining talent [30] Other Important Information - Unallocated expenses for Q4 2021 are expected to be in the mid-$30 million range due to increased IT spending [25] - The company is narrowing its adjusted EBITDA guidance for the full year 2021 to a range of $210 million to $220 million [30] Q&A Session Summary Question: What is the outlook for OPG in 2022? - Management noted that improved contracting activity and customer signals are framing the outlook for OPG [33] Question: Where are the best opportunities for growth capital allocation? - Management indicated that 90% of new product development is targeted at non-oil and gas markets, with a focus on carbon reduction technologies [36] Question: What are the promising offshore deepwater basins for growth? - Management highlighted South America, particularly Brazil and Guyana, as strong growth areas, along with sustained activity in Norway and West Africa [40] Question: What is the company's approach to returning cash via dividends or buybacks? - Management stated that while growth opportunities are prioritized, they remain open to discussing dividends or buybacks in the future [42] Question: How is the company managing staffing challenges for ROVs? - Management confirmed that they have been effective in rehiring technicians and leveraging their global footprint to address staffing needs [45]