Q4 2025 Oceaneering International Inc Earnings Call Transcript

Feb 19, 2026 / 04:00 PM GMT

Release Date Price: $36.22 (+8.39%)

Transcript 10-K8-K

Key Points

Positve

Oceaneering International Inc (OII) achieved a record low total recordable incident rate (TRIR) of 0.22 in 2025, highlighting their commitment to safety.
The company reported a significant increase in net income to $178 million, a 217% year-over-year improvement, largely due to a $156 million discrete tax benefit.
Oceaneering International Inc (OII) generated a strong order intake of $3.7 billion in 2025, with a book-to-bill ratio of 1.33, indicating robust demand for their services.
The company expanded adjusted EBITDA margins by 140 basis points, with improvements across all operating segments.
Oceaneering International Inc (OII) increased their cash balance by $191 million, ending the year with $689 million, enhancing their financial flexibility.

Negative

Consolidated revenue for the fourth quarter of 2025 declined by 6% compared to the same period in 2024, primarily due to lower revenue in energy-focused businesses.
Operating income for the fourth quarter decreased year-over-year, with significant declines in the Offshore Projects Group (OPG) segment.
The company's manufactured products segment experienced a 15% decrease in year-end backlog compared to December 31, 2024.
Oceaneering International Inc (OII) anticipates a reduction in free cash flow for 2026, primarily due to early receipt of customer payments in 2025.
The company expects a decrease in revenue and operating income for the Offshore Projects Group (OPG) in 2026, driven by lower vessel utilization and changes in project mix.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OII.N - Oceaneering International Inc
Q4 2025 Oceaneering International Inc Earnings Call
Feb 19, 2026 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to Oceaneering's 4th 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 Hillary Frisbee, Oceaneering's senior director of Investor relations.

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Unidentified_2 [2]
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Thanks, Sarah. Good morning and welcome to Oceaneering's 4th quarter and full year 2025 earnings conference call. Today's

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