Oceaneering International, Inc. (NYSE:OII) Q1 2024 Earnings Call Transcript

The other thing I’d like to talk about when we talk about it is we want to talk about low points to high points in our interim business versus percentages because the rig rates went down a higher percentage than ROVE rates. And so when we bring them back up with frigates double, for example, ROV rates aren’t going to double from the bottom. But we do expect to get very close, and if not exceed the ROE rates we’ve seen in the past.

Kurt Hallead: Got you. great. Thank you.

Operator: Thank you. And there are no further questions at this time. I would like to turn it back to Rod Larson for closing remarks.

Rod Larson: Hey, thank you. And my apologies for the interruption in the middle of the broadcast. Thank you very much for everyone who stuck with us and dealt with maybe a little bit of repetition. But since there are no more questions, I’m going to thank Mark, one more time. Mark has been a great run. Thanks for all your help and just thank you all for joining the call. This concludes our first quarter 2024 conference call. Have a great day.

Operator: Thank you, presenters. Ladies and gentlemen, this concludes today’s conference call. Thank you for participating. You may now disconnect.