OII news

Oceaneering International reported higher third-quarter revenue and cash generation, though net income declined year-over-year. The company initiated mixed 2027 EBITDA guidance.

Oceaneering reported strong Q2 2026 revenue growth of 10% and upgraded full-year consolidated adjusted EBITDA guidance to between $400M and $440M. The company also initiated debt refinancing transactions to extend debt maturities and increase liquidity.

Oceaneering International filed a Fourth Supplemental Indenture to issue 6.875% Senior Notes due 2034. This action authorizes the public sale of new long-term debt to strengthen the company’s capital structure.

Oceaneering intends to offer $500M of senior notes to fund a tender offer for its 2028 debt and for general corporate purposes. This transaction extends the company's debt maturity profile and improves liquidity.