Welcome to our dedicated page for Oceaneering Intl news (Ticker: OII), a resource for investors and traders seeking the latest updates and insights on Oceaneering Intl stock.
Oceaneering International Inc. (OII) delivers advanced engineered solutions for subsea robotics, offshore energy, and aerospace industries. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological innovations.
Track official press releases, strategic partnerships, and operational milestones across Oceaneering's core segments. Key updates include subsea robotics advancements, offshore project executions, aerospace/defense contracts, and integrity management solutions. All content is sourced directly from company filings and verified industry publications.
Bookmark this page for consolidated access to earnings reports, product launches, and market positioning updates. Our neutral presentation ensures you receive factual information without promotional bias, supporting informed analysis of OII's evolving role in complex engineering sectors.
Oceaneering (NYSE:OII) has secured a significant IDIQ contract from NAVSUP WSS for the U.S. Navy's Corporate Component Repair Program. The contract, valued at up to $86 million, focuses on repairing valves and actuators for Virginia-class and Los Angeles-class submarines.
The agreement includes a two-year initial term with three additional option years. Oceaneering, one of three suppliers selected, will continue its eight-year track record of supporting the CCRP program, performing work at its facilities. The contract will be funded through Navy Working Capital Funds.
Oceaneering (NYSE:OII) reported strong Q2 2025 results with significant year-over-year improvements. Revenue increased 4% to $698 million, operating income grew 31% to $79.2 million, and net income surged 56% to $54.4 million. The company generated $77.2 million in operating cash flow and maintained a robust cash position of $434 million.
All operating segments showed improvements, with notable performance in ADTech and OPG. ROV fleet utilization was 67% with day rates increasing to $11,265. The company's Manufactured Products segment maintained a substantial backlog of $516 million. For Q3 2025, Oceaneering expects increased consolidated revenue and EBITDA of $100-110 million.
Oceaneering International (NYSE:OII) has secured a significant contract renewal with Esso Exploration Angola for offshore operations support in Angola Block 15. The three-year contract, which began July 1, 2025, is valued between $80-90 million and was awarded through a competitive bidding process.
The comprehensive service package includes multiple work-class ROVs, ROV tooling, intervention workover control systems, satellite communication systems, and various subsea services. These services will be deployed from Esso-supplied facilities, intervention vessels, and drilling rigs, strengthening Oceaneering's position in Angola's offshore energy sector.
Oceaneering (NYSE:OII) has scheduled its second quarter 2025 earnings release and conference call. The company will release its financial results on Wednesday, July 23, 2025, after the NYSE market close. A conference call and webcast discussing the results will be held on Thursday, July 24, 2025, at 10:00 a.m. Central Time.
The earnings release will be accessible on Oceaneering's website, and interested parties can join the conference call through a webcast link in the Investor Relations section. A replay will be available approximately two hours after the live call concludes.
Oceaneering (NYSE:OII) has secured a follow-on IDIQ contract from the Naval Surface Warfare Center Philadelphia Division to manufacture Virginia Class Submarine support equipment. The contract, commencing in June 2025, involves manufacturing work platforms for submarine sail and vertical payload tube maintenance.
The contract has a potential value of $33 million if all options are exercised over the five-year ordering period. This award was secured through Oceaneering's Aerospace and Defense Technologies (ADTech) segment following a competitive bidding process.
Falcon's Beyond (NASDAQ: FBYD) has acquired Oceaneering Entertainment Systems (OES), a division of Oceaneering International (NYSE: OII), significantly strengthening its position in the themed entertainment industry. The acquisition includes OES's global portfolio of patented technologies, engineering processes, and a 106,000+ square-foot facility. OES, a 25-year veteran in theme park development, brings an impressive track record with 12 Thea Awards for attractions like Spider-Man and Transformers rides at Universal Orlando.
The strategic acquisition enhances Falcon's Attractions division as a vertically integrated provider of entertainment systems and is expected to be accretive to future earnings. The company has also hired key OES team members and secured an option to acquire certain OES inventory by July 23, 2025. Falcon's will maintain support for all legacy OES products, ensuring continuity with the same personnel and technology.
Oceaneering International (NYSE:OII) announced its participation in Citi's Spotlight on SMID Energy Day, scheduled for May 22, 2025, in New York. The company will be represented by Senior VP and CFO Alan R. Curtis and Senior Investor Relations Director Hilary Frisbie, who will engage with institutional investors. The company's first quarter 2025 Investor Presentation will be made available on their website after market close on May 19, 2025.
Oceaneering is a global technology company that provides engineered services, products, and robotic solutions to various sectors including offshore energy, defense, aerospace, and manufacturing industries.
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