Oceaneering reports Q2 revenue up 10% to $768M, raises full-year EBITDA guidance to $400M-$440M

Filed July 22, 2026 · Period ending July 22, 2026 · ~1 min read

Key Changes

• high

  Q2 revenue rose 10% to $768M, operating income up 11% to $88.2M, and net income up 19% to $65.0M; adjusted EBITDA of $115M exceeded guidance and grew 11% year-over-year.

  Exhibit 99.1 view on EDGAR →
• high

  Full-year 2026 adjusted EBITDA guidance raised to $400M-$440M based on strong first-half performance and positive expectations for the remainder of the year.

  Exhibit 99.1 view on EDGAR →
• high

  Issued $500M of 6.875% senior notes due 2034, tendered for 2028 notes, and expanded revolving credit facility from $215M to $345M with maturity extended to July 2031; transactions complete in Q3.

  Exhibit 99.1 view on EDGAR →