oilfield services provider Oceaneering beats Q3 revenue estimates

Oceaneering International

22/10/2025 22:10

Overview

Oceaneering Q3 2025 revenue grows 9% yr/yr, beating analyst expectations

Adjusted EPS for Q3 2025 beats consensus, reflecting solid segment performance

Company repurchased 440,814 shares for $10.1 mln, indicating confidence in future prospects

Outlook

Company projects Q4 2025 EBITDA between $80 mln and $90 mln

Oceaneering forecasts 2026 EBITDA between $390 mln and $440 mln

Company expects 2026 free cash flow to match 2025 levels

Result Drivers

MANUFACTURED PRODUCTS - Higher-margin backlog conversion drove improved operating income and margin expansion

OFFSHORE PROJECTS - Favorable project mix and steady vessel utilization supported segment performance

SUBSEA ROBOTICS - Increased ROV revenue per day utilized despite flat revenue and operating income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$743 mln
$712.48 mln (3 Analysts)
Q3 Adjusted EPS
Beat
$0.55
$0.42 (4 Analysts)
Q3 EPS
$0.71
Q3 Net Income
$71.30 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy."

Wall Street's median 12-month price target for Oceaneering International Inc is $23.50, about 0.6% below its October 21 closing price of $23.64

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBwTRTWFa

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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.)