$OII

Oceaneering International [OII] reported $2.8B revenue in 2025, highlighting strong cash flow and global operations. The company specializes in subsea robotics, automation, and software for energy, defense, and industrial markets, according to its slides release.

Riverwater Partners' Q2 2026 investor letter revealed a new position in Oceaneering International (OII), a subsea engineering and offshore services company. The stock has gained 112.92% over the past year, closing at $51.76 on August 31, 2026. The firm sees potential in offshore energy spending recovery and added OII to its portfolio, funded partly by exiting CNX Resources (CNX).

The U.S. Navy has adopted the Freedom underwater drone, initially developed by Oceaneering International for oil companies. The drone, used by TotalEnergies to inspect pipelines, combines AUV/ROV capabilities and reduces inspection time and emissions. The Defense Innovation Unit ordered the system, signaling a trend of commercial tech for military use. Oceaneering's revenue has grown due to its subsea robotics business.

Oceaneering International's 49-foot drone, Freedom, inspected 74.6 miles of North Sea pipeline in one pass, recharged on a seabed dock, and was purchased by the U.S. Navy in October 2024. The drone reduces inspection time and emissions by 50% compared to conventional methods. Oceaneering reported Q2 2026 revenue of $768.2 million, with its Subsea Robotics segment contributing $232 million. The company is also involved in a Navy program for autonomous undersea vehicles.

Chinese container liners, including Cosco Shipping Holdings and Orient Overseas International, are expected to see significant earnings growth due to surging freight rates, which reached a two-year high of $4,639 per 40-foot container. The increase is driven by geopolitical tensions, early peak cargo season, and shipping disruptions. Analysts predict these companies will follow the strong earnings growth seen in Taiwanese and South Korean liners.

Oceaneering International (OII) is now an authorized reseller of Starlink, expanding its digital solutions for offshore and industrial customers. This partnership aims to enhance connectivity in remote environments, supporting data access, remote collaboration, and operational visibility. Oceaneering combines its expertise in digital solutions, subsea robotics, and offshore services to offer comprehensive connectivity options.

Oceaneering International (OII) reported Q2 2026 revenues of $487.1M, up 12.5% YoY. Segments showed mixed results: OPG revenues +22.5%, IMDS -6.1%, ADTech +22.4%. OII expects Q3 revenues to increase with EBITDA between $115M-$125M. Full-year adjusted EBITDA outlook raised to $400M-$440M. The company repurchased shares and issued senior notes. Management expresses confidence in offshore activity strengthening.

Oceaneering International secured a four-year contract from Petrobras for ROV services in Brazil, starting in 2027. The deal includes supplying ROV systems and support services via a subsea vessel. Oceaneering's local team will execute the work, building on its long-term relationship with Petrobras.

Shares of Matador Resources (MTDR), Oceaneering (OII), Northern Oil and Gas (NOG) and Talos Energy (TALO) rose after Iran said it would not extend a 60-day US memorandum on Hormuz. Reuters and CNBC cited higher risk of reduced crude supply. Talos was up 3.3% to about $16.41, near its 52-week high.

Oceaneering International (OII) shares hit a 52-week high of $53.98 and trade around $53.90, valuing the company at about $5.36B. The article cites Q2 2026 results: EPS $0.65 vs $0.46 estimate, revenue $768M vs $698.2M, and adjusted EBITDA guidance raised to $400M-$440M. It also notes $500M debt refinanced, resumed $10M buybacks, and InvestingPro flags the stock as overvalued.