Quarterly ResultJul 23, 2026, 04:38 PM
Oceaneering Q2 Revenue $768.2M, EPS $0.65
AI Summary
Oceaneering International Inc. reported a strong second quarter for 2026, with revenue increasing to $768.2 million and net income attributable to Oceaneering rising to $65.0 million, resulting in diluted EPS of $0.65. However, year-to-date net income slightly decreased, and the company continued to report negative cash flow from operating activities. The company also noted improved inventory write-downs and reduced projected contract losses compared to the prior year.
Key Highlights
- Q2 2026 revenue increased to $768.2 million from $698.2 million in Q2 2025.
- Q2 2026 net income attributable to Oceaneering rose to $65.0 million from $54.4 million in Q2 2025.
- Q2 2026 diluted EPS was $0.65, up from $0.54 in Q2 2025.
- Net cash used in operating activities for H1 2026 was $3.9 million, compared to $3.5 million used in H1 2025.
- H1 2026 Energy segment revenue was $1,195.9 million, up from $1,165.9 million in H1 2025.
- H1 2026 Aerospace and Defense Technologies revenue grew to $264.7 million from $206.7 million in H1 2025.
- Treasury stock purchases for H1 2026 totaled $10.1 million, down from $20.1 million in H1 2025.
- Inventory write-downs for H1 2026 decreased to $8.3 million from $15.0 million in H1 2025.
Price Impact
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