Oceaneering International, Inc. (OII)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
$51.40-0.73%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · OII
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within energy on a research-validated quality screen. As of 2026-09-04.
The screen ranks OII against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Energy names rated neutral grew net income 57% of the time over the next year (vs 56% for the rest of the cohort, n=2314).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue disciplined capital allocation including refinancing debt, issuing senior notes, and share repurchases to improve capital structure and maintain financial flexibility.
Stated as a priority in 3 of last 3 quarters. Management executed a $500 million senior notes issuance in Q2 2026 and repurchased shares for approximately $10 million in the same quarter, continuing share repurchase activity from prior quarters. These actions improved capital structure and liquidity, matching management's stated disciplined capital allocation approach and delivering on refinancing and buyback commitments.
“During Q2, we initiated refinancing transactions including issuance of $500 million senior notes and repurchased shares for approximately $10 million.”
“No shares were repurchased during the quarter; share purchase activity expected to continue in 2026.”
“Shares repurchased were 419,005 for approximately $10.1 million; share repurchase activity expected to continue.”
Focus on achieving consolidated adjusted EBITDA within the guided range of $390 million to $440 million for full year 2026.
Stated as a priority in 4 of last 4 quarters. Consolidated adjusted EBITDA grew to $115 million in Q2 2026, an 11% increase year-over-year, supporting management's maintained full-year guidance range of $390 million to $440 million. The trajectory shows delivering growth consistent with management's repeated guidance and outlook.
Leverage backlog and market conditions to grow ADTech revenue and operating income as primary growth driver in 2026.
Stated as a priority in 4 of last 4 quarters. ADTech revenue grew from $109.6 million in Q1 2026 to $133.5 million in Q2 2026 (+22%), with operating income stable around $16 million. Management consistently identifies ADTech as the primary growth driver, and the financials show delivering growth and stable profitability in this segment.
Enhance OPG operating income and margin through favorable project mix and increased international installation and intervention projects.
Stated as a priority in 3 of last 3 quarters. OPG operating income increased significantly from $18.3 million in Q1 2026 to $30.0 million in Q2 2026, with revenue rising from $135.4 million to $182.8 million. Management attributes improvement to favorable project mix and international projects, showing delivering progress after prior declines.
Maintain and improve earnings results as reflected in quarterly earnings beats and manage market expectations.
Over the trailing year it converted -0.39x of net income into operating cash flow. Historically, Energy names rated fragile grew net income 36% of the time over the next year (vs 47% for the rest of the cohort, n=996).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
5 material management or governance events in the past 24 months, led by executive changes. Historically, Energy names rated stable grew net income 59% of the time over the next year (vs 56% for the rest of the cohort, n=627).
Not investment advice. As of 2026-09-04.
“Updated full-year consolidated adjusted EBITDA guidance range to $400 million to $440 million.”
“Maintained full-year EBITDA guidance range of $390 million to $440 million.”
“Initiated full-year 2026 consolidated EBITDA guidance in the range of $390 million to $440 million.”
“Initiating full-year 2026 consolidated EBITDA guidance in the range of $390 million to $440 million.”
“ADTech revenue increased 22% to $133 million; operating income increased slightly to $16.4 million.”
“ADTech revenue increased 35% to $131 million; operating income decreased 24% to $8.1 million.”
“ADTech operating income increased 43% to $14.2 million on a 29% increase in revenue.”
“ADTech operating income of $16.6 million represented an increase of 36% on a 27% increase in revenue.”
“OPG operating income increased to $30.0 million and margin improved to 16% on a 22% increase in revenue.”
“OPG operating income of $18.3 million was lower and margin declined to 14% on an 18% decrease in revenue.”
“OPG operating income of $15.0 million represented a year-over-year decrease of 62% on a 29% decrease in revenue.”