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
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 15.7% |
| Our one-year growth estimate | diamond | 5.1% |
Growth built into the price is above our model estimate.
The price assumes 10.6 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Model as of 2026-09-04 · Compared with 32 industry peers
OII — debt issuance
Dated 2026-06-26
Other Events. On June 25, 2026, Oceaneering provided a notice of conditional full redemption to holders of the Company’s 6.000% Senior Notes due 2028 (the “2028 Notes”) for the conditional redemption in full of the 2028 Notes outstanding on the Redemption Date (as defined below), pursuant to the Indenture. The redemption is conditioned on the completion of an offering of senior notes in an aggregate principal amount that results in gross proceeds to Oceaneering of at least $500 million, which…
Why it matters: Stable IMDS income shows recovery from recent drops. It is key for overall profit.
Watch forIMDS operating income stays about the same in Q3 2026.
Also watch forIMDS operating income goes down more in Q3 2026.
Why it matters: A growing backlog shows strong demand and possible future revenue.
Supportive ifBacklog for Subsea Robotics grows from $300 million to over $350 million.
Worry ifBacklog for Subsea Robotics decreases or remains flat.
Why it matters: Better cash flow is key for funding operations and growth.
Supportive ifCash from operations turns positive in Q2 2026.
Worry ifNegative cash from operations shows that problems are still happening.
Why it matters: Completing the Tender Offer shows good capital management. It also strengthens the balance sheet.
Supportive ifCompletion of the Tender Offer for the 2028 Senior Notes is confirmed.
Worry ifThe Tender Offer is not completed by the expected closing date.
Why it matters: Growth in OPG is important for profit. It shows operational success.
Supportive ifOPG revenue and operating income both increase in Q3 2026.
Worry ifOPG revenue or operating income decreases in Q3 2026.
Why it matters: Successful completion of the debt issuance and tender offer would strengthen the balance sheet.
Supportive ifThe company issued $500 million in senior notes. They also made a tender offer for 2028 notes.
Worry ifFailure to complete the debt issuance or tender offer.
Why it matters: More buybacks show that management believes in the company's value and future cash.
Supportive ifManagement announces a big increase in share buybacks in Q2 2026.
Worry ifNo share buybacks happen, showing possible cash flow worries.
Why it matters: Better sector performance could mean a recovery in the energy market. This may help Oceaneering.
Supportive ifSector performance improves to a positive score in June. This shows a recovery.
Worry ifSector performance goes down again. This adds more challenges for Oceaneering.
Why it matters: Strong revenue growth signals that Oceaneering is improving its market position. This is key for future success.
Supportive ifQ2 revenue growth exceeds 6% year over year.
Worry ifQ2 revenue growth is below 6% year over year.
Why it matters: Better operating income shows better cost management. This helps the company make more money.
Supportive ifOperating income is better than last quarter.
Worry ifOperating income is worse than last quarter.
Why it matters: Ongoing growth in ADTech shows strong demand. It helps the company overall.
Supportive ifADTech revenue increases beyond $133 million in Q3 2026.
Worry ifADTech revenue declines below $133 million in Q3 2026.
Why it matters: Meeting or exceeding the EBITDA guidance shows good performance. This could help investor trust.
Supportive ifQ3 2026 EBITDA is between $115 million and $125 million.
Worry ifQ3 2026 EBITDA is less than $115 million.
Why it matters: Completing this offering will help with cash flow and extend debt deadlines. It shows stability.
Supportive ifThe offering closes on July 6, 2026, and proceeds are used as planned.
Worry ifThe offering fails to close or proceeds are not used for debt refinancing.
Why it matters: A growing backlog shows strong future revenue. It shows demand for Oceaneering's services.
Supportive ifBacklog grows from $445 million with more orders expected.
Worry ifBacklog declines or remains stagnant in the second half of 2026.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$139 on $10,000 · ±1.4% | How much price usually moves either way. |
| Bad day | $429 loss on $10,000 · 4.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,527 loss on $10,000 · 15.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.