Mergers & Acquisitions ·
Helix Energy Solutions Group, Inc. reported second quarter 2026 net income of $22.7 million, or $0.15 per diluted…
HLXHornbeck Offshore Services, Inc.
Helix Energy Solutions Group, Inc. reported second quarter 2026 net income of $22.7 million, or $0.15 per diluted share, compared to a net loss of $13.4 million in the first quarter and a net loss of $2.6 million in the prior year period. Adjusted EBITDA reached $69.9 million for the quarter, up from $32.3 million in Q1 2026 and $42.4 million in Q2 2025. Revenues totaled $304.0 million, driven by strong performance in Well Intervention and Production Facilities segments following the recommencement of production at the Thunder Hawk field. The company holds $652.2 million in cash and $717 million in total liquidity. Helix is advancing its pending merger with Hornbeck Offshore Services, Inc., which received board approval from both companies; the transaction is expected to close on September 1, 2026, subject to shareholder approval at a special meeting scheduled for August 31, 2026. Due to the merger, Helix withdrew its annual guidance and will not host an earnings conference call. Helix Energy Solutions Group operates in the offshore energy services industry, providing well intervention, robotics, and decommissioning services.