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Close of Nov 06, 2026 · end-of-day data
OII 8-K filings in 2025
Every material Form 8-K Oceaneering International filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Oceaneering's board appointed Michael W. Sumruld as Senior Vice President and Chief Financial Officer, effective January 1, 2026, succeeding Alan R. Curtis, who is retiring. The board also elected Roger Jenkins, former CEO of Murphy Oil Corporation, as an independent, non-executive director, effective the same day. The filing discloses Sumruld's compensation package and that Curtis will remain in a supporting role during a transition period.
Michael W. Sumruld becomes Senior Vice President and CFO on January 1, 2026, replacing Alan R. Curtis, who retires at the end of 2025.
Sumruld's 2026 annual base salary is $505,000, with a long-term incentive award of $1,515,000 and a 2026 annual bonus target of 90% of base salary.
Roger Jenkins is elected as an independent, non-executive Class III director effective January 1, 2026, with a term extending to the 2028 Annual Meeting of Shareholders.
Sumruld joined Oceaneering in September 2025 as Senior Vice President, Finance, after serving as CFO of Parker Drilling Company.
Oceaneering reported third quarter 2025 results, with revenue up 9% to $743 million and net income up 73% to $71.3 million, or $0.71 per diluted share, versus $0.40 a year earlier. The company also gave fourth quarter 2025 consolidated EBITDA guidance of $80 million to $90 million, expects fourth quarter revenue to be lower than a year earlier, and initiated full-year 2026 consolidated EBITDA guidance of $390 million to $440 million.
Q3 2025 revenue rose 9% to $743 million; operating income rose 21% to $86.5 million
Net income was $71.3 million, or $0.71 per diluted share, compared with $0.40 in Q3 2024
Q4 2025 consolidated EBITDA is forecast at $80 million to $90 million, with revenue expected to be lower than Q4 2024
Initial 2026 consolidated EBITDA guidance is $390 million to $440 million; a conference call is set for October 23, 2025 at 10:00 a.m. Central Time
Oceaneering reported second quarter 2025 results, with revenue up 4% to $698 million, operating income up 31% to $79.2 million, and net income up 56% to $54.4 million, or $0.54 per diluted share versus $0.34 a year earlier. The company also gave third quarter guidance of $100 million to $110 million in consolidated EBITDA and updated its full-year 2025 consolidated adjusted EBITDA range to $390 million to $420 million, while lowering its Subsea Robotics revenue outlook to mid-single digit growth due to weaker-than-expected Survey business contributions.
Q2 2025 revenue was $698 million, up 4% from $668.8 million in Q2 2024; net income was $54.4 million, up from $35.0 million.
Adjusted EBITDA rose 20% to $103 million; free cash flow was $46.9 million and ending cash was $434 million.
Third quarter 2025 consolidated EBITDA is forecast at $100 million to $110 million, with Unallocated Expenses of $45 million to $50 million.
Full-year 2025 consolidated adjusted EBITDA is expected to be $390 million to $420 million; the company will hold a conference call on July 24, 2025 at 10:00 a.m. Central Time.
Oceaneering International said its Senior Vice President and Chief Financial Officer, Alan R. Curtis, will retire effective January 1, 2026. Michael W. Sumruld, former CFO of Parker Drilling, will join as Senior Vice President of Finance on September 1, 2025, and is expected to succeed Curtis as CFO. The filing gives no financial results, so the change is a leadership transition rather than a change in company performance.
Alan R. Curtis retires as CFO effective January 1, 2026, and will serve in a supporting role during a transition period if required.
Michael W. Sumruld joins as Senior Vice President of Finance on September 1, 2025, and is expected to succeed Curtis as CFO.
Sumruld was CFO of Parker Drilling Company from October 2017 until its sale to Nabors Industries Ltd. in March 2025.
Curtis joined Oceaneering in 1995 and has been CFO since 2015.
Oceaneering reported first quarter 2025 revenue of $675 million, up 13% from a year earlier, and net income of $50.4 million, or $0.49 per diluted share, versus $15.1 million, or $0.15, a year earlier. The company reiterated its full-year 2025 EBITDA guidance of $380 million to $430 million and projected second quarter 2025 EBITDA of $95 million to $105 million.
Q1 2025 revenue $675 million, up 13% year over year; operating income $73.5 million, up 100%
Adjusted EBITDA $96.7 million, up 57%; this figure does not reflect a $10.4 million inventory reserve in Manufactured Products
Free cash flow was negative $106.8 million in the quarter; ending cash was $382 million
Full-year 2025 EBITDA guidance of $380 million to $430 million reiterated; Q2 2025 EBITDA projected at $95 million to $105 million
Oceaneering reported fourth quarter 2024 revenue of $713 million, up 9% from a year earlier, and net income of $56.1 million, or $0.55 per diluted share, versus $0.43 a year earlier. For full year 2024, revenue was $2.7 billion, up 10%, and net income was $147 million, up 51%. The company also adjusted the lower end of its 2025 EBITDA guidance, citing potential impacts of geopolitical uncertainties, while its 2025 consolidated EBITDA range is $380 million to $430 million.
Q4 2024 revenue of $713 million, up 9% year over year; net income of $56.1 million, up 26%; diluted EPS of $0.55 versus $0.43
Full year 2024 revenue of $2.7 billion, up 10%; net income of $147 million, up 51%
2025 guidance: net income of $160 million to $190 million and consolidated EBITDA of $380 million to $430 million, with the lower end of the EBITDA range adjusted
Conference call and webcast scheduled for Thursday, February 20, 2025 at 10:00 a.m. Central Time
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Oceaneering International filing is on SEC EDGAR ↗. 8-K briefs of other companies →