Oceaneering International (NYSE:OII) reported third-quarter 2026 revenue of $784.6 million, up 6% from a year earlier. Net income attributable to Oceaneering was $52.6 million, down 26% year over year, while diluted earnings per share were $0.52.
The company generated $163.0 million of operating cash flow and $141.9 million of free cash flow during the quarter. Oceaneering expects fourth-quarter EBITDA of $85 million to $95 million and initiated 2027 EBITDA guidance of $430 million to $480 million.
- Third-quarter operating income was $92.2 million, versus $86.5 million a year earlier.
- Cash and cash equivalents totaled approximately $735 million at September 30, 2026.
- Subsea Robotics revenue rose to $233.0 million; Aerospace and Defense Technologies revenue increased to $135.1 million.
- Oceaneering repurchased 101,038 shares for approximately $5.0 million during the quarter.
- Manufactured Products backlog was $435 million at September 30, 2026.
$OII Insider Trading Activity
$OII insiders have traded $OII stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $OII stock by insiders over the last 6 months:
- MARTIN J MCDONALD (SVP, Subsea Robotics) has made 0 purchases and 2 sales selling 70,000 shares for an estimated $2,690,131.
- EARL CHILDRESS (SVP, Chief Commercial Ofc.) sold 12,701 shares for an estimated $593,314
- PAUL B JR MURPHY sold 10,000 shares for an estimated $483,690
- RODERICK A. LARSON (President and CEO) has made 0 purchases and 3 sales selling 11,000 shares for an estimated $456,321.
- DEANNA L GOODWIN sold 7,000 shares for an estimated $284,830
- M KEVIN MCEVOY sold 3,000 shares for an estimated $143,775
- CHRISTOPHER J DYER (SVP, OPGroup) sold 1,200 shares for an estimated $57,180
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$OII Hedge Fund Activity
We have seen 194 institutional investors add shares of $OII stock to their portfolio, and 163 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FRANKLIN RESOURCES INC added 2,232,589 shares (+269.5%) to their portfolio in Q2 2026, for an estimated $90,464,506
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,339,591 shares (+inf%) to their portfolio in Q2 2026, for an estimated $54,280,227
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added 1,330,080 shares (+inf%) to their portfolio in Q2 2026, for an estimated $53,894,841
- BOSTON PARTNERS removed 854,941 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $34,642,209
- BARROW HANLEY MEWHINNEY & STRAUSS LLC added 851,995 shares (+60.0%) to their portfolio in Q2 2026, for an estimated $34,522,837
- BROWN ADVISORY INC removed 821,294 shares (-14.2%) from their portfolio in Q2 2026, for an estimated $33,278,832
- QUBE RESEARCH & TECHNOLOGIES LTD removed 588,323 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $23,838,847
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
