Oceaneering International Inc. (OII) stock falls on Q1 2026 Earnings

Oceaneering International Inc. (OII) reported first-quarter 2026 results with revenue of $692.4 million and diluted earnings per share of $0.36.

Revenue: $692.4 million (up 2.65% year-over-year)

Gross profit: $127.3 million (down 5.73% year-over-year)

Operating profit: $57.8 million (down 21.35% year-over-year)

Net income attributable to common shareholders: $36.1 million (down 28.33% year-over-year)

Diluted EPS: $0.36 (down 26.53% year-over-year)

The company topped analyst expectations for the quarter: revenue exceeded the estimate of $677.6 million, and EPS beat the estimate of $0.32.

Operating cash flow: $221.1 million (down 373.95% year-over-year)

Purchases of property, plant and equipment: $30.4 million (up 16.68% year-over-year)

Cash and cash equivalents: $688.9 million (up 80.34% year-over-year)

Total liabilities: $1.53 billion (up 2.31% year-over-year)

Shares were down 2.68% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Oceaneering International Inc. Insider Trading Activity

Oceaneering International Inc. insiders have traded $OII stock on the open market 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.

Here’s a breakdown of recent trading of $OII stock by insiders over the last 6 months:

BENJAMIN LAURA (SVP & Chief Operating Officer) has made 0 purchases and 2 sales selling 38,282 shares for an estimated $1,432,774.
JENNIFER FREMONT SIMONS (SVP, CLO and Secretary) has made 0 purchases and 3 sales selling 39,439 shares for an estimated $1,168,754.
HOLLY KRIENDLER (SVP, Chief H.R. Officer) has made 0 purchases and 2 sales selling 24,805 shares for an estimated $933,457.
M KEVIN MCEVOY sold 25,678 shares for an estimated $905,663
EARL CHILDRESS (SVP, Chief Commercial Ofc.) sold 22,518 shares for an estimated $842,398
LEONARDO P GRANATO (SVP, IMDS) has made 0 purchases and 3 sales selling 9,853 shares for an estimated $368,584.
KAREN H BEACHY sold 9,800 shares for an estimated $366,617
CATHERINE E DUNN (VP, Chief Accounting Officer) has made 0 purchases and 2 sales selling 9,070 shares for an estimated $341,581.
CHRISTOPHER J DYER (SVP, OPGroup) sold 6,000 shares for an estimated $228,480

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Oceaneering International Inc. Hedge Fund Activity

We have seen 161 institutional investors add shares of Oceaneering International Inc. stock to their portfolio, and 139 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MORGAN STANLEY INSTITUTIONAL INVESTMENT ADVISORS LLC added 3,947,022 shares (+inf%) to their portfolio in Q4 2025, for an estimated $94,846,938
POINT72 ASSET MANAGEMENT, L.P. added 581,712 shares (+495.1%) to their portfolio in Q4 2025, for an estimated $13,978,539
QUBE RESEARCH & TECHNOLOGIES LTD added 466,556 shares (+66.7%) to their portfolio in Q4 2025, for an estimated $11,211,340
ARISTOTLE CAPITAL BOSTON, LLC removed 393,487 shares (-46.6%) from their portfolio in Q4 2025, for an estimated $9,455,492
AGF MANAGEMENT LTD added 374,718 shares (+inf%) to their portfolio in Q4 2025, for an estimated $9,004,473
BLACKROCK, INC. added 334,417 shares (+2.1%) to their portfolio in Q4 2025, for an estimated $8,036,040
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ removed 330,610 shares (-38.6%) from their portfolio in Q1 2026, for an estimated $11,726,736

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Oceaneering International Inc. Government Contracts

We have seen $79,268,950 of award payments to $OII over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

ENGINEERING AND TECHNICAL SERVICES: $20,088,797
SUBMARINE RESCUE OPERATIONS AND MAINTENANCE CONTRACTOR (SROMC): $12,514,823
FIELD CHANGE: $9,911,386
NEW HAMPSHIRE (AMP) WORK PACKAGE AT NNSY - SUBSAFE: $6,523,348
TETRA II DEVELOPMENT SERVICES - BASE YEAR: $6,305,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Oceaneering International Inc. Price Targets

Multiple analysts have issued price targets for $OII recently. We have seen 3 analysts offer price targets for $OII in the last 6 months, with a median target of $32.0.

Here are some recent targets:

Scott Gruber from Citigroup set a target price of $35.0 on 03/10/2026
David Anderson from Barclays set a target price of $32.0 on 02/23/2026
Marc Bianchi from TD Cowen set a target price of $27.0 on 11/03/2025