Oceaneering Q2 FY26 net income rises 19% to $65 million; revenue increases 10% to $768 million

Reuters2026/07/22 21:02

By:Reuters

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Oceaneering posted Q2 2026 revenue up 10% to $768 million from a year earlier; operating income rose 11% to $88.2 million.
Net income attributable to shareholders climbed 19% to $65 million; diluted EPS increased to $0.65.
Adjusted EBITDA (non-GAAP) rose 11% to $115 million; free cash flow was $32 million, with operating cash flow at $55.2 million.
Cash and cash equivalents totaled $629 million at quarter-end; the company repurchased 263,335 shares for about $10 million.
Full-year adjusted EBITDA (non-GAAP) guidance was updated to $400 million-$440 million; Q3 EBITDA is forecast at $115 million-$125 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oceaneering International Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260722420851) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Oceaneering Q2 FY26 net income rises 19% to $65 million; revenue increases 10% to $768 million

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