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Oceaneering International Inc. reports developments in engineered services, products, and robotic solutions for the offshore energy, defense, aerospace, and manufacturing markets. News about OII commonly centers on quarterly results, segment guidance, customer orders, contract awards, backlog, and operating trends across Subsea Robotics, Integrity Management and Digital Solutions, Manufactured Products, Offshore Projects Group, and Aerospace and Defense Technologies.
Company updates also cover remotely operated vehicle activity, vessel-based services, underwater survey and tooling work, autonomous systems such as the Freedom platform, and dual-use technology serving energy and defense applications. Governance and investor-relations announcements include earnings calls, investor-conference participation, board changes, and finance leadership transitions.
Oceaneering (NYSE:OII) amended its senior secured revolving credit facility, increasing total commitments from $215 million to $345 million and extending the maturity to July 2031 from April 2027.
The facility allows an additional $85 million upsizing and includes $150 million in letter of credit availability, supporting operations and growth initiatives.
Oceaneering (NYSE:OII) announced the expiration and results of its cash tender offer for any and all of its 6.000% Senior Notes due 2028. Holders tendered $399.774 million of the $500 million outstanding, representing 79.95% of principal, plus $2.888 million subject to guaranteed delivery.
Subject to closing a $500 million private offering of 6.875% Senior Notes due 2034 on July 6, 2026, the company expects to purchase all tendered notes on that date and has issued a conditional notice to redeem any remaining 2028 notes on or around July 25, 2026.
Oceaneering (NYSE:OII) set pricing terms for its cash tender offer to purchase any and all of its outstanding 6.000% Senior Notes due 2028.
The offer covers $500 million principal at $1,018.46 per $1,000 plus accrued interest, expires June 30, 2026, and is expected to settle July 6, 2026. Remaining notes are targeted for full redemption around July 25, 2026.
Oceaneering (NYSE:OII) priced a private offering of $500 million aggregate principal amount of 6.875% Senior Notes due 2034 at par, with maturity on July 15, 2034. Closing is expected July 6, 2026, subject to customary conditions.
According to Oceaneering, net proceeds, with cash on hand if needed, will fund a concurrent cash tender offer for its 6.000% Senior Notes due 2028. Any remaining proceeds will support general corporate purposes, including potential repayment, redemption, or repurchase of other debt.
Oceaneering (NYSE: OII) launched a cash tender offer to purchase any and all of its outstanding 6.000% Senior Notes due 2028, with $500 million aggregate principal amount outstanding.
The Purchase Price per $1,000 will be set June 30, 2026 using a 40 bps fixed spread over the 3.50% UST due October 31, 2027. The offer expires at 5:00 p.m. New York City time on June 30, 2026, with settlement expected July 6, 2026. The offer is conditional on completion of one or more debt financings and has no minimum tender condition. Holders will receive accrued and unpaid interest to, but excluding, the Settlement Date.
Oceaneering (NYSE: OII) plans a private offering of $500 million Senior Notes due 2034. The company expects to use net proceeds, with cash on hand if needed, to fund a cash tender offer for its 6.000% Senior Notes due 2028 and for general corporate purposes.
Oceaneering International (NYSE:OII) will release its second quarter 2026 earnings on Wednesday, July 22, 2026, after the NYSE close.
A conference call and webcast to discuss results is scheduled for Thursday, July 23, 2026, at 10:00 a.m. CT (11:00 a.m. ET), accessible via the company’s investor relations website.
Oceaneering (NYSE:OII) announced that President and CEO Rod Larson will join a fireside chat at the J.P. Morgan Natural Resources Conference in New York on June 23, 2026. Larson and Senior Director of Investor Relations Hilary Frisbie will also meet with institutional investors, and the latest investor presentation is available on Oceaneering’s website.
Oceaneering (NYSE:OII) was awarded an integrated offshore installation contract for the West Delta Deep Marine gas field offshore Egypt by Burullus Gas Company.
The scope includes transport, offshore installation, and commissioning of a refurbished subsea umbilical and a 2,000-meter TCP flowline, plus ROV and survey services, with revenue expected in 2026.
Oceaneering (NYSE:OII) reported Q1 2026 results: revenue $692.4M (+3% YoY), operating income $57.8M (−21% YoY), and net income $36.1M (−28% YoY). Adjusted EBITDA was $83.7M, within guidance. Cash and cash equivalents totaled $607M at quarter end. Orders totaled ~$1.0B, backlog was $492M. Management reaffirmed full‑year EBITDA guidance of $390M–$440M, while noting IMDS operating income growth will be lower than previously anticipated.