Oceaneering International, Inc. (NYSE: OII), a global technology company providing engineered services and robotic solutions to offshore energy, defense, aerospace, and manufacturing sectors, announced its schedule for upcoming investor conferences during the third quarter of 2026. The engagements aim to provide institutional investors with direct access to executive leadership regarding the company’s strategic outlook and operational performance across its key business segments.

The company’s management team will participate in a series of panel discussions and one-on-one meetings over three weeks in September 2026. Rod Larson, President and Chief Executive Officer, will lead presentations at two events, while Mike Sumruld, Chief Financial Officer, and Hilary Frisbie, Senior Director of Investor Relations, will support investor outreach throughout the quarter.

Conference Schedule

Oceaneering’s executives will attend the following events:

At the Barclays Energy-Power Conference in New York, Larson will participate in a panel discussion, followed by meetings with institutional investors alongside Sumruld and Frisbie. The next day, at the Gabelli Aerospace & Defense Symposium, also in New York, Larson will present specifically on Oceaneering’s Aerospace and Defense Technologies segment before joining Sumruld and Frisbie for further investor meetings.

Later in the month, the focus shifts to Austin, Texas. At the TD Cowen Energy Conference on September 24, 2026, Sumruld and Frisbie will meet with institutional investors. This is followed by the PEP Energy Conference on September 29, 2026, where Sumruld and Frisbie will again engage with investors.

Investor Resources

Oceaneering’s most recent presentation materials are available on its Investor Relations website for reference ahead of these events. The company continues to prioritize transparency and direct engagement with its shareholder base through these scheduled interactions.

Oceaneering International, Inc. reported second quarter 2026 financial results that surpassed the top end of its guidance range, driven by strong execution across most business segments. Consolidated revenue increased 10% year-over-year to $768 million, while net income attributable to Oceaneering rose 19% to $65.0 million. The company also updated its full-year 2026 consolidated adjusted EBITDA guidance to a range of $400 million to $440 million.

Second Quarter 2026 Consolidated Highlights

The following table summarizes key consolidated financial metrics for the second quarter of 2026 compared to the second quarter of 2025.

Rod Larson, Oceaneering's President and Chief Executive Officer, stated that the company delivered a strong second quarter, with consolidated adjusted EBITDA of $115 million exceeding the top end of guidance. He attributed the positive results to overperformance from the Offshore Projects Group, where favorable project mix and operational execution drove better-than-expected revenue and profitability. Larson noted that all segments generated increased revenue and operating income except for Integrity Management and Digital Solutions (IMDS), which was partially impacted by the ongoing Middle East conflict.

Second Quarter 2026 Segment Performance

The following table presents segment-level revenue and operating income for the three months ended June 30, 2026, compared to the three months ended June 30, 2025.

Subsea Robotics (SSR): Revenue increased to $232 million, operating income increased 3% to $66.3 million, and EBITDA margin remained flat at 35%. Results were attributable to higher ROV revenue per day utilized and increased Survey activity, as the Ocean Intervention II commenced operations. ROV revenue per day utilized increased to $11,894, while ROV fleet utilization decreased slightly to 66% from 67%, with solid activity levels in Europe and Africa largely offsetting lower activity in the U.S. Gulf.

Manufactured Products: Operating income increased to $21.9 million and margin expanded to 15% on a 3% increase in revenue. These improvements were driven by increased profitability in the umbilicals business and improved results in mobility solutions. As of June 30, 2026, backlog was $445 million. The book-to-bill ratio was 0.88 for the 12-month period ending on June 30, 2026.

Offshore Projects Group (OPG): Operating income increased to $30.0 million and margin improved to 16% on a 22% increase in revenue, benefiting from a favorable project mix including additional international installation and intervention projects.

Integrity Management and Digital Solutions (IMDS): Revenue decreased by 6% on lower volume in West Africa, and operating income decreased by $4.5 million. The decrease was primarily due to lower activity levels and related cost absorption, as well as increased personnel-related costs, in West Africa and the Middle East.

Aerospace and Defense Technologies (ADTech): Revenue increased 22% to $133 million and operating income increased slightly to $16.4 million, while margin declined to 12%, primarily due to program cost mix and timing.

Unallocated Expenses were essentially flat at $46.6 million, consistent with expectations.

Capital Structure and Liquidity

During the second quarter, Oceaneering initiated a series of financing transactions to address the maturity of its 2028 senior notes. These transactions, which will be completed during the third quarter, included the issuance of $500 million aggregate principal amount of 6.875% senior notes due 2034, the completion of a tender offer for the outstanding 2028 senior notes, and an amendment to the senior secured revolving credit facility. The amendment increased commitments from $215 million to $345 million and extended the facility's maturity to July 2031. Together, these actions extended Oceaneering's debt maturity profile while preserving substantial liquidity and financial flexibility.

Updated 2026 Guidance and Third Quarter Outlook

Based on first-half 2026 performance and expectations for the balance of the year, Oceaneering updated its full-year 2026 consolidated adjusted EBITDA guidance range to $400 million to $440 million. IMDS operating income is expected to decrease significantly, with operating income margin expected to be in the low-single-digit percentage range for the full year.

For the third quarter of 2026, consolidated revenue is projected to increase and EBITDA is expected to be in the range of $115 million to $125 million compared to the third quarter of 2025. At the segment level:

• SSR: Revenue and operating income are expected to increase.
• Manufactured Products: Revenue and operating income are expected to slightly decrease.
• OPG: Revenue and operating income are expected to increase.
• IMDS: Revenue is expected to increase and operating income is expected to be relatively flat.
• ADTech: Revenue and operating income are expected to increase.
• Unallocated Expenses: Expected to be in the $50 million range.

Oceaneering has scheduled a conference call and webcast on Thursday, July 23, 2026 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to discuss its second quarter 2026 results and guidance for the third quarter and full year of 2026.