Quarterly ResultOct 22, 2026, 04:37 PM
Oceaneering Q3 Revenue Rises 5.6% to $784.6M; Net Income Declines
AI Summary
Oceaneering International reported its third-quarter financial results, with revenue increasing by 5.6% year-over-year to $784.6 million. However, net income saw a decline to $52.6 million from $71.3 million in the same period last year, resulting in diluted EPS of $0.52, down from $0.71. For the nine-month period, revenue grew to $2.25 billion, but net income decreased to $153.7 million. The company saw growth in its Subsea Robotics and Aerospace and Defense Technologies segments.
Key Highlights
- Oceaneering International reported Q3 revenue of $784.6 million, up 5.6% year-over-year.
- Net income for Q3 was $52.6 million, a decrease from $71.3 million in the prior year.
- Diluted EPS for Q3 was $0.52, down from $0.71 in Q3 2025.
- Nine-month revenue reached $2.25 billion, an increase from $2.12 billion in the prior year.
- Nine-month net income was $153.7 million, down from $176.1 million in the prior year.
- Subsea Robotics segment revenue increased to $233.0 million in Q3.
- Aerospace and Defense Technologies segment revenue increased to $135.1 million in Q3.
Price Impact
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