Oceaneering Q3 2026 net income falls 26% year over year to $52.6 million
OII•Oceaneering International’s third-quarter 2026 net income attributable to shareholders fell 26% year over year to $52.6 million. Revenue rose 6% to $785 million, and operating cash flow climbed 61% to $163.03 million.
1. Quarterly results
Oceaneering International reported third-quarter 2026 net income attributable to shareholders of $52.6 million, down 26% year over year. Revenue rose 6% to $785 million, while operating cash flow increased 61% to $163.03 million. Bookings included meaningful awards across Subsea Robotics, Manufactured Products, and Aerospace and Defense Technologies; management expects typical seasonality and changes in geographic and project mix in the fourth quarter.
