8/1014 sources · 7 publishersUpdated Oct 23, 01:47 UTC
Oceaneering posts Q3 revenue growth, EPS miss and 2027 EBITDA guidance
Oceaneering reported third-quarter 2026 revenue of $784.6M, up 6% year-on-year, while adjusted EPS was 50 cents and adjusted EBITDA was $119.4M. Net income fell 26% to $52.6M, partly reflecting a debt-refinancing loss. The company forecast fourth-quarter EBITDA of $85M to $95M and initiated 2027 consolidated EBITDA guidance of $430M to $480M.
Why it matters
The adjusted EPS shortfall and lower fourth-quarter EBITDA outlook create a weaker near-term earnings setup despite revenue and adjusted EBITDA growth in the quarter. Oceaneering expects fourth-quarter free cash flow to moderate and plans to continue share repurchases.
Key facts
- 1Net income attributable to Oceaneering decreased 26% to $52.6 million in the quarter. stocktitan.net
- 2Operating cash flow was $163 million and free cash flow was $142 million. stocktitan.net
- 3Oceaneering repurchased 101,038 shares for approximately $5.0 million during the quarter. stocktitan.net
- 4Subsea Robotics generated $233 million of revenue and $75.4 million of operating income. ibtimes.com.au
Open questions
- Materials 2 and 8 report different quarter-end cash balances, with $506 million in material 2 and $735 million in material 8.
- Material 12 alone reports 2026 capital spending guidance of $105M to $115M, which is not provided in the other materials.
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.