NYSE$OII

Oceaneering International · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Oceaneering reported Q1 2025 revenue of $638.0M with net income of $49.0M and diluted EPS of $0.49.

Revenue was $638.0 million for the quarter ended March 31, 2025, across offshore energy services and robotics. Net income was $49.0 million ($0.49 diluted EPS). Subsea projects, ROV utilization, and energy capital spending drive the offshore outlook.

  • Q1 revenue $638.0M; net income $49.0M.
  • Diluted EPS $0.49.
  • Offshore energy activity supports services demand.
  • Project timing and oil prices affect backlog conversion.

Headline financials

Total Revenue

$675M

Previous: $599M+12.6%
EPS (adj)

$0.49

Previous: $0.15+226.7%
Adjusted EBITDA

$96.7M

Previous: $61.7M+56.6%
Operating Income Margin

11.0%

Previous: 6.0%+83.3%
ROV Fleet Utilization

67.0%

No prior period
ROV Revenue Per Day Utilized

$10.8K

No prior period
Shares Repurchased

$10M

No prior period
Manufactured Products Backlog

$543M

Previous: $597M-9.0%
Manufactured Products Book-to-Bill Ratio

0.9

No prior period
Capital Expenditures

-$26.1M

Previous: -$25.5M-2.2%
Net Income

$50.4M

Previous: $15.1M+232.9%
Operating Income

$73.5M

Previous: $36.7M+100.2%
Gross Profit

$135M

Previous: $92.4M+46.1%

Revenue & EPS history

Oceaneering · Revenue · Quarterly

$675M

Q1 2025+12.6%vs Q1 2024
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

Oceaneering · $635M total across 5 segments · Q3 2023

  • Subsea Robotics
    $197M+16.5%
  • Offshore Projects Group
    $150M-1.8%
  • Manufactured Products
    $123M+30.7%
  • Aerospace and Defense Technologies
    $98.6M+16.4%
  • Integrity Management & Digital Solutions
    $66.1M+13.0%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.4%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+0.3%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+22.5%

Q3 2022

Best reaction

-20.6%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.3%-2.4%+0.7%
Q4 2025+9.2%+17.3%+5.7%
Q3 2025-3.6%-6.1%-2.2%
Q2 2025+0.2%+0.9%+8.6%
Q1 2025+3.8%+7.1%+10.0%
Q4 2024-4.1%-11.8%-14.6%
Q3 2024+3.2%+4.3%+25.8%
Q2 2024+10.5%+10.9%+2.4%
Q1 2024+5.8%+5.0%+0.2%
Q4 2023+0.2%-2.5%+3.3%
Q3 2023-10.9%-9.1%-15.7%
Q2 2023-10.9%-5.1%-9.3%
Q1 2023+0.9%+0.8%-4.4%
Q4 2022+6.9%+12.9%-12.5%
Q3 2022+22.5%+31.0%+39.0%
Q2 2022-4.3%-2.2%-11.1%
Q1 2022-8.2%-11.3%-0.3%
Q4 2021-3.3%-4.1%+10.9%
Q3 2021-9.6%-11.1%-28.9%
Q2 2021+6.5%-0.2%-2.1%
Q1 2021+5.4%+6.1%+35.0%
Q4 2020+13.7%+26.3%+15.5%
Q3 2020-0.3%+9.6%+74.1%
Q2 2020-1.0%-4.0%-5.2%
Q1 2020-2.3%+18.0%+43.2%
Q4 2019-14.3%-18.7%-69.9%
Q3 2019+1.2%+6.4%-4.1%
Q2 2019-17.1%-20.6%-33.5%
Q1 2019+11.4%+11.1%-1.9%
Q4 2018+5.6%+9.1%+3.6%
Q3 2018-14.1%-20.9%-25.8%
Q2 2018-2.0%+2.6%+3.7%
Q1 2018+1.9%+3.1%+11.2%
Q4 2017+6.5%+0.0%+3.3%
Q3 2017-20.6%-19.1%-22.0%
Q2 2017+0.9%+4.1%-9.6%
Q1 2017+0.2%-1.4%-6.1%
Q4 2016-0.3%+1.8%-3.2%
Q3 2016-6.0%-5.3%+1.1%
Q2 2016-4.6%-8.6%-2.1%
Q1 2016-7.5%
Q4 2015-6.3%
Q3 2015-3.5%
Q2 2015-2.7%
Q1 2015+0.8%
Q4 2014-8.9%
Q3 2014+2.7%
Q2 2014-3.7%
Q1 2014+3.4%
Q4 2013+0.6%
Q3 2013+3.3%
Q2 2013+3.0%
Q1 2013+9.8%
Q4 2012+2.9%
Q3 2012-0.2%
Q2 2012+1.7%
Q1 2012-0.5%
Q4 2010-2.7%
Q4 2011-2.7%
Q3 2011+7.5%
Q2 2011-8.9%
Q1 2010-2.1%
Q1 2011+2.7%
Q4 2008+7.4%
Q3 2009+1.3%
Q3 2010+1.3%
Q4 2009-1.4%
Q2 2009-1.4%
Q2 2010-1.4%

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