Petrobras and Solstad Ink $84 Million Offshore Vessel Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2025
0mins
Should l Buy OII?
Source: NASDAQ.COM
New Contract Agreement: Petrobras has signed an $84 million contract with Solstad Offshore for the AHTS vessel Normand Turquesa, ensuring its service from February 2026 to February 2030, which reinforces Petrobras' operational capabilities in Brazil's offshore oil and gas sector.
Strategic Importance: The agreement highlights the essential role of advanced AHTS vessels in Petrobras’ exploration activities, showcasing a commitment to enhancing offshore logistics and supporting long-term projects in Brazil’s pre-salt regions.
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Analyst Views on OII
Wall Street analysts forecast OII stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 37.350
Low
23.00
Averages
25.50
High
28.00
Current: 37.350
Low
23.00
Averages
25.50
High
28.00
About OII
Oceaneering International, Inc. is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. Its Subsea Robotics segment includes remotely operated vehicles (ROVs), survey services and ROV tooling businesses. The Manufactured Products segment provides distribution systems, such as production control umbilicals and connection systems made up of specialty subsea hardware, along with clamp connectors and subsea and topside control valves. The Offshore Projects Group segment provides a portfolio of integrated subsea project capabilities and solutions. The Integrity Management & Digital Solutions segment provides asset integrity management, corrosion management, inspection and nondestructive testing services. The Aerospace and Defense Technologies segment provides services and products, including engineering and related manufacturing in defense and space exploration activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Oceaneering International Q1 2026 Earnings Call Highlights
- Strong Order Growth: Oceaneering reported approximately $1 billion in order intake for Q1 2026, marking the healthiest intake since 2020, which not only boosts market confidence but also lays a solid foundation for future revenue growth.
- Stable Financial Performance: The company achieved revenues of $692 million and net income of $36 million, or $0.36 per share, demonstrating resilience in a volatile market despite uncertainties in the Middle East, as results aligned with expectations.
- EBITDA Guidance Reaffirmed: Management reaffirmed its EBITDA guidance for 2026 to be between $390 million and $440 million, indicating optimism about revenue growth in the coming months while reflecting a keen awareness of market dynamics.
- ROV Market Share Maintained: As of March 31, 2026, Oceaneering held contracts for ROVs on 83 of 143 floating rigs, achieving a 58% market share, which not only solidifies its leadership position in the industry but also provides strong support for future business expansion.
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- Decline in Profitability: Despite revenue growth, operating income fell to $57.8 million, a 21% decrease, highlighting challenges in cost control and profitability.
- Net Income Drop: The company reported a net income of $36.1 million, down 28% year-over-year, reflecting weakened overall profitability that may impact investor confidence.
- Cash Flow Situation: Q1 cash flow from operating activities was negative $59.1 million, with free cash flow at negative $76.5 million; although cash and cash equivalents totaled $607 million at quarter-end, the ongoing negative cash flow could pressure future investments.
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- IBM Performance Outlook: International Business Machines Corporation (IBM) will also report earnings on Wednesday, with investors focusing on growth potential in its cloud computing and AI segments, which are expected to significantly impact its stock price.
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- Earnings Season Calendar: Seeking Alpha offers a comprehensive earnings season calendar, allowing investors to access specific release times and expected data for more companies' earnings reports.
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Oceaneering Scheduled to Announce Q1 Earnings
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- Historical Performance Review: Over the past two years, OII has beaten EPS estimates 38% of the time and revenue estimates 63% of the time, indicating a degree of stability in the company's financial performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have also experienced two upward revisions and one downward revision, reflecting market divergence and adjustments regarding OII's future performance.
- Future Outlook: Oceaneering projects EBITDA for 2026 to be between $390 million and $440 million, primarily driven by ADTech's multiyear growth, indicating the company's potential for growth in the coming years.
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Wall Street Earnings Season Faces Major Test
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- Capital One Performance Focus: Capital One is scheduled to report earnings on Tuesday, with market attention on its consumer health metrics and the progress of its acquisitions of Discover and Brex, particularly amid rising economic uncertainties.
- Boeing Earnings Outlook: Boeing is expected to release its earnings report on Wednesday, with market focus on order volumes in both its commercial and defense sectors, as well as free cash flow performance, especially after previous unexpected losses.
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Oceaneering Reports Q4 Earnings with Mixed Results
- Earnings Performance: Oceaneering reported Q4 revenues of $668.6 million, down 6.3% year-on-year, which fell short of analyst expectations; however, it exceeded EPS and EBITDA estimates, demonstrating resilience in challenging conditions.
- Market Reaction: Despite the revenue decline, Oceaneering's stock has risen 11.9% since the earnings report, currently trading at $37.03, indicating market confidence in its future growth potential.
- Industry Trends: The oilfield services sector performed strongly overall, with 26 tracked companies exceeding analyst revenue expectations by 3.7% in Q4, reflecting increased demand in favorable commodity environments.
- Competitive Pressures: While Oceaneering faces challenges from oil and gas price volatility and producer spending discipline, its technological advantages in deepwater energy exploration continue to provide a competitive edge.
See More
Oceaneering International Q1 2026 Earnings Call Highlights
- Strong Order Growth: Oceaneering reported approximately $1 billion in order intake for Q1 2026, marking the healthiest intake since 2020, which not only boosts market confidence but also lays a solid foundation for future revenue growth.
- Stable Financial Performance: The company achieved revenues of $692 million and net income of $36 million, or $0.36 per share, demonstrating resilience in a volatile market despite uncertainties in the Middle East, as results aligned with expectations.
- EBITDA Guidance Reaffirmed: Management reaffirmed its EBITDA guidance for 2026 to be between $390 million and $440 million, indicating optimism about revenue growth in the coming months while reflecting a keen awareness of market dynamics.
- ROV Market Share Maintained: As of March 31, 2026, Oceaneering held contracts for ROVs on 83 of 143 floating rigs, achieving a 58% market share, which not only solidifies its leadership position in the industry but also provides strong support for future business expansion.
See More
Oceaneering Q1 Earnings: Revenue Beats Expectations
- Revenue Growth: Oceaneering's Q1 revenue reached $692 million, reflecting a 2.6% year-over-year increase, exceeding market expectations by $20.65 million, indicating the company's stability and growth potential in the market.
- Decline in Profitability: Despite revenue growth, operating income fell to $57.8 million, a 21% decrease, highlighting challenges in cost control and profitability.
- Net Income Drop: The company reported a net income of $36.1 million, down 28% year-over-year, reflecting weakened overall profitability that may impact investor confidence.
- Cash Flow Situation: Q1 cash flow from operating activities was negative $59.1 million, with free cash flow at negative $76.5 million; although cash and cash equivalents totaled $607 million at quarter-end, the ongoing negative cash flow could pressure future investments.
See More
Major Earnings Reports Expected After Bell on Wednesday
- Tesla Earnings: Tesla (TSLA) is set to release its earnings report after Wednesday's close, with market participants eager for updates on vehicle sales and profitability to assess its leadership in the global EV market.
- IBM Performance Outlook: International Business Machines Corporation (IBM) will also report earnings on Wednesday, with investors focusing on growth potential in its cloud computing and AI segments, which are expected to significantly impact its stock price.
- Other Company Reports: Following the market close on Wednesday, several other companies, including Kinder Morgan (KMI) and Texas Instruments (TXN), will release their earnings, and the market will closely monitor their performance and implications for their respective industries.
- Earnings Season Calendar: Seeking Alpha offers a comprehensive earnings season calendar, allowing investors to access specific release times and expected data for more companies' earnings reports.
See More
Oceaneering Scheduled to Announce Q1 Earnings
- Earnings Announcement Date: Oceaneering (OII) is set to release its Q1 2023 earnings report on April 22 after market close, with consensus EPS estimate at $0.33, reflecting a 23.3% year-over-year decline, and revenue estimate at $671.35 million, down 0.5% year-over-year.
- Historical Performance Review: Over the past two years, OII has beaten EPS estimates 38% of the time and revenue estimates 63% of the time, indicating a degree of stability in the company's financial performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have also experienced two upward revisions and one downward revision, reflecting market divergence and adjustments regarding OII's future performance.
- Future Outlook: Oceaneering projects EBITDA for 2026 to be between $390 million and $440 million, primarily driven by ADTech's multiyear growth, indicating the company's potential for growth in the coming years.
See More
Wall Street Earnings Season Faces Major Test
- Earnings Season Significance: Wall Street is set for a packed earnings season featuring key companies like Capital One and Boeing, with investors eager to glean insights into the economic impact of the Iran war from these reports.
- Capital One Performance Focus: Capital One is scheduled to report earnings on Tuesday, with market attention on its consumer health metrics and the progress of its acquisitions of Discover and Brex, particularly amid rising economic uncertainties.
- Boeing Earnings Outlook: Boeing is expected to release its earnings report on Wednesday, with market focus on order volumes in both its commercial and defense sectors, as well as free cash flow performance, especially after previous unexpected losses.
- GE Vernova Order Growth: GE Vernova will report alongside Boeing, with first-quarter new orders anticipated to reach $14.4 billion, reflecting a 65% year-over-year increase, indicating strong market performance amid rising electricity demand.
See More
Oceaneering Reports Q4 Earnings with Mixed Results
- Earnings Performance: Oceaneering reported Q4 revenues of $668.6 million, down 6.3% year-on-year, which fell short of analyst expectations; however, it exceeded EPS and EBITDA estimates, demonstrating resilience in challenging conditions.
- Market Reaction: Despite the revenue decline, Oceaneering's stock has risen 11.9% since the earnings report, currently trading at $37.03, indicating market confidence in its future growth potential.
- Industry Trends: The oilfield services sector performed strongly overall, with 26 tracked companies exceeding analyst revenue expectations by 3.7% in Q4, reflecting increased demand in favorable commodity environments.
- Competitive Pressures: While Oceaneering faces challenges from oil and gas price volatility and producer spending discipline, its technological advantages in deepwater energy exploration continue to provide a competitive edge.
See More
