Overview

* Oceaneering Q3 2025 revenue grows 9% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 2025 beats consensus, reflecting solid segment performance

* Company repurchased 440,814 shares for $10.1 mln, indicating confidence in future prospects

Outlook

* Company projects Q4 2025 EBITDA between $80 mln and $90 mln

* Oceaneering ( OII ) forecasts 2026 EBITDA between $390 mln and $440 mln

* Company expects 2026 free cash flow to match 2025 levels

Result Drivers

* MANUFACTURED PRODUCTS - Higher-margin backlog conversion drove improved operating income and margin expansion

* OFFSHORE PROJECTS - Favorable project mix and steady vessel utilization supported segment performance

* SUBSEA ROBOTICS - Increased ROV revenue per day utilized despite flat revenue and operating income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $743 mln $712.48

Revenue mln (3

Analysts

)

Q3 Beat $0.55 $0.42 (4

Adjusted Analysts

EPS )

Q3 EPS $0.71

Q3 Net $71.30

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy."

* Wall Street's median 12-month price target for Oceaneering International Inc ( OII ) is $23.50, about 0.6% below its October 21 closing price of $23.64

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)