Oceaneering Worldwide, Inc. OII reported an adjusted revenue of 55 cents per share for the third quarter of 2025, beating the Zacks Consensus Estimate of 42 cents. Furthermore, the underside line surpassed the year-ago quarter’s reported determine of 36 cents. This was resulting from robust year-over-year working earnings from its Manufactured Merchandise, Offshore Initiatives Group, Integrity Administration & Digital Options and Aerospace and Protection Applied sciences segments.
Whole revenues had been $742.9 million, which beat the Zacks Consensus Estimate of $710 million and elevated roughly 9.3% from the year-ago quarter’s $679.8 million, as a result of robust income contribution from OII’s Subsea Robotics, Manufactured Merchandise, Offshore Initiatives Group and Aerospace and Protection Applied sciences segments.
Within the third quarter of 2025, Houston, TX-based oil and gasoline gear and providers firm reported adjusted EBITDA of $111.1 million, a 13.2% improve yr over yr.
The corporate additionally repurchased 440,814 shares for about $10.1 million within the third quarter of 2025.
Oceaneering Worldwide, Inc. Value, Consensus and EPS Shock
Oceaneering Worldwide, Inc. price-consensus-eps-surprise-chart | Oceaneering Worldwide, Inc. Quote
Segmental Data of Oceaneering
Subsea Robotics: The unit supplies remotely operated submersible automobiles for drill help, vessel-based inspection, subsea {hardware} set up, pipeline surveys and upkeep providers.
Revenues totaled $218.8 million in contrast with the year-ago quarter’s $215.7 million. Nevertheless, the highest line missed our estimate of $226.4 million.
The section additionally reported an working earnings of $65.1 million in contrast with $65.7 million a yr in the past. Nevertheless, the determine missed our estimate of $67.3 million.
The corporate’s section delivered an EBITDA margin of 36% within the third quarter of 2025, remaining largely unchanged from the prior interval. Income per day for remotely operated automobiles (“ROVs”) rose 6% to $11,254, whereas ROV fleet utilization declined to 65%.
Manufactured Merchandise: The section focuses on the manufactured merchandise enterprise, theme park leisure techniques and automatic guided automobiles.
Revenues totaled $156.4 million in contrast with the year-ago quarter’s $143.7 million. Moreover, the highest line beat our estimate of $152.8 million.
The section posted an working revenue of $24.7 million within the third quarter, up from the year-ago quarter’s $11.3 million. Furthermore, the reported determine beat our estimate of $16.6 million.
The backlog totaled $568 million as of Sept. 30, 2025, down 15% from the identical time in 2024. For the 12 months ending Sept. 30, 2025, the book-to-bill ratio was 0.82.
Offshore Initiatives Group: This section includes Oceaneering’s former Subsea Initiatives unit, excluding survey providers and world knowledge options, the service and rental enterprise and ROV tooling.
Revenues elevated about 15.9% to $171 million from $147.5 million within the year-ago quarter. Furthermore, the determine beat our estimate of $147.7 million.
The unit’s working earnings totaled $23.7 million in contrast with the prior-year quarter’s $20.3 million. The determine additionally beat our estimate of $18.4 million. The corporate’s working earnings margin held regular at 14%.
Integrity Administration & Digital Options: This section covers Oceaneering’s Asset Integrity unit, together with its world knowledge options enterprise.
Revenues of $70.8 million decreased from the year-ago quarter’s $73.6 million. The determine additionally missed our estimate of $73.7 million.
The section reported an working earnings of $2.8 million, up from the prior-year quarter’s $0.7 million. Nevertheless, the determine additionally missed our projection of $5.6 million.
Aerospace and Protection Applied sciences: The section is engaged in Oceaneering’s authorities enterprise, which focuses on protection subsea applied sciences, marine providers and house techniques.
Revenues totaled $125.9 million, up from $99.2 million recorded within the third quarter of 2024. Moreover, the determine beat our estimate of $109.4 million.
The working earnings elevated to $16.6 million from $12.2 million within the year-ago quarter. Nevertheless, it missed our estimate of $18.5 million. Working earnings margin improved to 13%, demonstrating strong profitability.
OII’s Capital Expenditure & Stability Sheet
The capital expenditure within the third quarter, together with acquisitions, totaled $31.4 million.
As of Sept. 30, OII had money and money equivalents value $506 million and $497.5 million, respectively, together with a long-term debt of about $486 million. The debt-to-total capital was 34.7%.
Outlook of Oceaneering
This Zacks Rank #3 (Maintain) firm anticipates decrease revenues within the fourth quarter of 2025 in contrast with the identical interval in 2024. It is because enhancements in Subsea Robotics (“SSR”) and ADTech will solely partially offset the decline in worldwide Offshore Initiatives Group (“OPG”) initiatives. The corporate anticipates consolidated EBITDA can be between $80 million and $90 million.
For SSR, the corporate expects elevated revenues and working earnings, with the EBITDA margin anticipated to be within the mid-to-upper 30% vary. This enchancment relies on increased ROV income per day and higher utilization within the survey group, with initiatives beginning within the U.S. Gulf, Europe and West Africa.
For Manufactured merchandise, the corporate expects considerably increased working earnings regardless of decrease revenues. This is because of higher conversion of higher-margin backlog and price reductions in non-energy merchandise.
For OPG, the corporate anticipates a major lower in revenues and working earnings. It is because there can be no large-scale worldwide intervention or set up initiatives like within the fourth quarter of 2024. Decrease vessel exercise ranges within the U.S. Gulf and adjustments in challenge timing may even contribute to the decline. The corporate expects one constitution within the worldwide market to run out in the course of the quarter and doesn’t plan to resume it resulting from anticipated decrease exercise.
For IMDS, the corporate expects each revenues and working earnings to lower considerably resulting from decrease exercise ranges.
For ADTech, OII anticipates a major improve in each revenues and working earnings, pushed by increased exercise within the Protection enterprise. The corporate expects unallocated bills to be round $45 million.
For the total yr of 2025, the corporate anticipates producing adjusted EBITDA between $391 million and $401 million. Primarily based on robust free money circulate within the third quarter, the corporate is assured in sustaining the full-year guided vary of $110 million to $130 million.
The corporate expects consolidated EBITDA for the total yr 2026 to be between $390 million and $440 million. OII anticipates free money circulate technology to stay according to 2025 ranges. Moreover, the corporate expects share repurchase exercise to proceed.
Oceaneeringexpects Subsea Robotics to expertise steady ROV utilization with improved pricing and a rise in survey quantity. For Manufactured Merchandise, the corporate anticipates improved working earnings and margins, regardless of a lower in revenues, because of backlog conversion and price efficiencies. Within the Offshore Initiatives Group, the corporate expects a lower in each revenues and working earnings, pushed by challenge combine and timing. For IMDS, Oceaneeringexpects each revenues and working earnings to extend.
Lastly, in ADTech, the corporate anticipates vital development in each revenues and working earnings, with steady margins, largely pushed by large-scale protection initiatives and worldwide alternatives.
You’ll be able to see the whole record of at the moment’s Zacks #1 Rank (Robust Purchase) shares right here.
Vital Earnings at a Look
Whereas we’ve mentioned OII’s third-quarter ends in element, allow us to check out three different key stories on this house.
Denver, CO-based oil and gasoline gear and providers firm, Liberty Vitality Inc. LBRT, posted a third-quarter 2025 adjusted web lack of 6 cents per share, wider than the Zacks Consensus Estimate of a lack of 1 cent. Furthermore, the underside line decreased sharply from the year-ago quarter’s revenue of 45 cents. The corporate’s underperformance could be attributed to macroeconomic headwinds accompanied by a slowdown within the trade’s frac exercise and market pricing stress.
As of Sept. 30, Liberty Vitality had roughly $13.4 million in money and money equivalents. The stress pumper’s long-term debt of $253 million represented a debt-to-capitalization of 10.9%.
San Antonio, TX-based oil and gasoline refining and advertising and marketing firm,Valero Vitality Company VLO, posted third-quarter 2025 adjusted earnings of $3.66 per share, which beat the Zacks Consensus Estimate of $2.95. The underside line improved from the year-ago quarter’s degree of $1.16 per share. Higher-than-expected quarterly outcomes could be primarily attributed to a rise in refining margins, increased ethanol margins and decrease whole value of gross sales.
The corporate had money and money equivalents of $4.8 billion on the finish of the third quarter. As of Sept. 30, 2025, it had a complete debt of $8.4 billion and finance-lease obligations of $2.2 billion.
Houston, TX-based oil and gasoline gear and providers firm, Halliburton Firm HAL, posted third-quarter 2025 adjusted web earnings per share of 58 cents, beating the Zacks Consensus Estimate of fifty cents. The outperformance primarily displays profitable value discount initiatives. Nevertheless, the underside line fell from the year-ago adjusted revenue of 73 cents resulting from softer exercise in North America.
As of Sept. 30, 2025, the corporate had roughly $2 billion in money/money equivalents and $7.2 billion in long-term debt, representing a debt-to-capitalization ratio of 41.1.
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Halliburton Firm (HAL) : Free Inventory Evaluation Report
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Liberty Vitality Inc. (LBRT) : Free Inventory Evaluation Report
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