Oceaneering Q4 revenue falls

Oceaneering International

18/02/2026 22:08

Overview

Global technology firm's Q4 revenue fell 6% yr/yr, missing analyst expectations

Net income surged 217% due to a discrete tax benefit

Company repurchased 419,005 shares for $10.1 mln

Outlook

Oceaneering expects full-year 2026 net income between $178 mln and $203 mln

Company projects 2026 consolidated EBITDA between $390 mln and $440 mln

Oceaneering forecasts 2026 free cash flow between $100 mln and $120 mln

Result Drivers

OPG DECLINE - Revenue and operating income in the Offshore Projects Group fell due to fewer high-margin international projects compared to Q4 2024

FREE CASH FLOW - Strong free cash flow of $191 mln was driven by the timing of customer collections, according to CEO Rod Larson

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$669 mln
$681.22 mln (3 Analysts)
Q4 Net Income
$178 mln


Press Release: ID:nBw7gB5TMa

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(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.)