Industry Challenges - The company reported significant uncertainties in the energy industry, including fluctuations in global oil and natural gas prices, which could impact future performance [81]. - The management highlighted the ongoing transition to alternative energy sources as a critical factor affecting business conditions and growth expectations [81]. - The company has identified potential risks including fluctuations in oil prices and regulatory changes that could impact future performance [82]. Operational Efficiency - There are risks associated with the availability and increased costs of chartered vessels, which could affect operational efficiency [86]. - The company is committed to maintaining compliance with evolving environmental regulations, which may impact operational costs and strategies [86]. - The management is aware of the competitive nature of the industry and is strategizing to mitigate risks associated with contract cancellations and changes [86]. Financial Performance - The company reported a significant increase in revenue, with a year-over-year growth of 15% to $1.2 billion in the last quarter [81]. - Future financial performance will be influenced by the availability and terms of capital deployment, as well as currency exchange rate fluctuations [81]. - The company expects revenue growth to continue, projecting a 10% increase for the next quarter, driven by new product launches [81]. Technology and Innovation - The company is focused on enhancing its mobile robotics technology products, aiming to capture a larger market share in this segment [81]. - Investment in new technologies is set to increase by 25% in the upcoming fiscal year, focusing on mobile robotics and subsea solutions [81]. Market Expansion - The company plans to expand its market presence in Asia, targeting a 30% increase in sales in that region over the next two years [81]. - A strategic acquisition of a smaller competitor is anticipated to close by Q3 2026, expected to enhance service capabilities and market share [81]. Leadership and Governance - The executive team includes experienced leaders, such as Roderick A. Larson, who has been with the company since 2012 and serves as President and CEO [87]. - The executive team has undergone changes, with new appointments aimed at strengthening leadership in key operational areas [87]. - Catherine E. Dunn was appointed Vice President and Chief Accounting Officer in 2023, having joined Oceaneering in 2002 and served as Corporate Controller since 2012 [100]. - The board of directors includes M. Kevin McEvoy as Chair, with a diverse range of experience across various industries [101]. - Roderick A. Larson has been the President and CEO of Oceaneering since 2017, indicating stability in leadership [101]. - The company has a total of 15 directors as of February 13, 2026, reflecting a robust governance structure [102]. Cybersecurity - The company is enhancing its cybersecurity measures in response to increasing threats, with a budget increase of 15% allocated for this purpose [86]. Credit Market Monitoring - The company is actively monitoring credit market volatility, which could affect its financial stability and growth prospects [86].

Key Takeaways OII Q4 EPS beat estimates, driven by Subsea Robotics and ADTech strength.Revenues fell 6.3% on weaker energy activity; Offshore Projects slid 29%.OII sees softer Q1 2026 sales, but guides for modest full-year revenue growth.Oceaneering International, Inc. (OII) reported an adjusted profit of 45 cents per share for the fourth quarter of 2025, beating the Zacks Consensus Estimate of 44 cents. Moreover, the bottom line surpassed the year-ago quarter’s reported figure of 37 cents. This was driven ...

Oceaneering Announces Participation at First Quarter 2026 Investor Conferences-# Oceaneering Announces Participation at First Quarter 2026 Investor ConferencesShare---HOUSTON--([BUSINESS WIRE])-- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced its participation at upcoming investor conferences during the first quarter of 2026.- THRIVE Energy Conference Houston, TX – February 26, 2026 Michael Sumruld, Chief Financial Officer, Benjamin Laura, Chief Operating Officer, and Hilary Frisbie, S ...

Shares of Oceaneering International (OII) have been strong performers lately, with the stock up 27.2% over the past month. The stock hit a new 52-week high of $36.41 in the previous session. Oceaneering International has gained 50.6% since the start of the year compared to the 20.1% gain for the Zacks Oils-Energy sector and the 33.6% return for the Zacks Oil and Gas - Field Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed o ...

Oceaneering International (NYSE:OII) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsHilary Frisbie - Senior Director of Investor RelationsKeith Beckman - VPMike Sumruld - SVP and CFORod Larson - President and CEOConference Call ParticipantsJosh James - AnalystNone - AnalystOperatorHello, and welcome to Oceaneering's fourth quarter and full year 2025 earnings conference call. My name is Sarah, and I will be your conference operator. All lines have been placed on mute to prevent any b ...

Financial Data and Key Metrics Changes - The company closed 2025 with a cash balance of $689 million, a 38% increase compared to the end of 2024 [3][8] - Consolidated revenue for 2025 increased by 5% to $2.8 billion, marking the fifth consecutive year of revenue growth [14] - Consolidated operating income improved by $58 million, or 24%, to $305 million, while adjusted EBITDA increased by $54 million, or 16%, to $401 million [15] - Free cash flow for 2025 was $208 million, compared to $96.1 million in 2024 [15] Business Line Data and Key Metrics Changes - Aerospace and Defense Technologies (AdTech) saw a 29% increase in revenue, with operating income rising by 43% [12][13] - Subsea Robotics (SSR) operating income increased by 7% on relatively flat revenue, with EBITDA margins improving to 38% from 36% [9] - Manufactured Products revenue decreased by 7% year-over-year, but operating income margin increased to 15% due to high-margin backlog conversion [10][11] - Offshore Projects Group (OPG) revenue decreased by 29% compared to the same quarter last year, primarily due to the absence of large international projects [12] Market Data and Key Metrics Changes - The company generated order intake of $3.7 billion in 2025, resulting in a book-to-bill ratio of 1.33, up from 1.1 in 2024 [3] - The U.S. defense environment is expected to be well-funded, with steady activity in subsea critical infrastructure protection and increased allied spending [16] - Brent crude oil prices are projected to average in the mid-$50 to low-$60 range in 2026, which is expected to support deepwater activity [17] Company Strategy and Development Direction - The company aims to leverage its offshore knowledge and capabilities to grow the AdTech segment, which is expected to be the primary growth driver in 2026 [16][19] - There is a focus on integrating new technologies and expanding digital and engineering services within the Integrity Management and Digital Solutions (IMDS) segment [42][26] - The company plans to maintain a strong balance sheet and is open to pursuing bolt-on acquisitions that enhance technology and market participation [46][48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of AdTech due to increased defense spending and a strong backlog [16][19] - The company anticipates flat offshore activity levels in the first half of 2026, with an expected increase in the second half [17] - Management highlighted the importance of final investment decisions (FIDs) for deepwater projects as key indicators for future offshore activity [18] Other Important Information - The company repurchased approximately 1.8 million shares for $40 million during the year [4] - A record-low total recordable incident rate (TRIR) of 0.22 was achieved in 2025, emphasizing the company's commitment to safety [4] Q&A Session Summary Question: What is the typical lead time for government services projects? - Management indicated that lead times vary significantly depending on whether the projects involve existing products or new developments, with some ramping up quickly while others require extensive engineering studies [33][34] Question: How do other segments support AdTech growth? - Management noted that expertise in offshore operations and mechanical hull repair contributes to AdTech's growth, leveraging skills from various segments [35][36] Question: What is the future outlook for IMDS and digital offerings? - Management highlighted the integration of machine learning and AI in IMDS, which enhances inspection capabilities and creates demand for ROVs and vessels [41][43] Question: Is there a shift in M&A strategy? - Management remains cautious about large industry consolidation but is open to bolt-on acquisitions that enhance technology and market presence, supported by a strong balance sheet [46][48]

Oceaneering International (NYSE:OII) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Speaker5Hello, and welcome to Oceaneering's fourth quarter and full year 2025 earnings conference call. My name is Sarah, and I will be your conference operator. All lines have been placed on mute to prevent any background noise. There will be a question-and-answer period after the speaker's remarks. With that, I will now turn the call over to Hilary Frisbie, Oceaneering's Senior Director of Investor Relations.Speaker1T ...

Core Viewpoint - Oceaneering International (OII) reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.44 per share, and showing an increase from $0.37 per share a year ago, indicating a positive earnings surprise of +3.45% [1] Financial Performance - The company achieved revenues of $668.57 million for the quarter ended December 2025, which fell short of the Zacks Consensus Estimate by 5.97% and decreased from $713.45 million year-over-year [2] - Oceaneering International has surpassed consensus EPS estimates in all four of the last quarters [2] Stock Performance - Shares of Oceaneering International have increased approximately 34.7% since the beginning of the year, contrasting with the S&P 500's zero return [3] Future Outlook - The company's earnings outlook will be crucial for determining the sustainability of its stock price movement, with current consensus EPS estimates at $0.40 for the upcoming quarter and $1.86 for the current fiscal year [4][7] - The Zacks Rank for Oceaneering International is currently 2 (Buy), suggesting that the stock is expected to outperform the market in the near future [6] Industry Context - The Oil and Gas - Field Services industry, to which Oceaneering International belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Exhibit 99.1 Rod Larson, Oceaneering's President and Chief Executive Officer, commented, "Our team concluded 2025 with strong operational execution, delivering fourth quarter adjusted EBITDA at the high end of our guidance range. We generated robust free cash flow of $191 million, driven primarily by the timing of customer collections. As expected, revenue and adjusted EBITDA declined compared to the fourth quarter of 2024 due to the unusually high level of international intervention and installation projec ...

HOUSTON--(BUSINESS WIRE)--Oceaneering Reports Fourth Quarter and Full Year 2025 Results. ...