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Recent Updates — HLX

September 8, 2026View Source ↗

Hornbeck Offshore Services, Inc., formerly Helix Energy Solutions Group, filed an amendment to its Current Report on Form 8-K to provide unaudited pro forma financial information required by Item 9.01(b) of Form 8-K that was omitted from the original filing dated September 1, 2026. The filing details the pro forma condensed combined balance sheet as of June 30, 2026, and statements of operations for the six months ended June 30, 2026, and the year ended December 31, 2025, reflecting the business combination with Legacy Hornbeck Offshore Services, Inc. completed on September 1, 2026. The transaction was accounted for as a reverse acquisition where Legacy Hornbeck is the accounting acquirer, resulting in combined pro forma net revenues of $926.2 million and $1.8 billion for the respective periods presented. This amendment supplements disclosures regarding the merger, name change to Hornbeck Offshore Services, Inc., and ticker symbol HOS on the New York Stock Exchange. The company operates in the offshore marine transportation and construction industry.

September 4, 2026View Source ↗

Hornbeck Offshore Services, Inc. completed its merger with Helix Energy Solutions Group, Inc., on September 1, 2026, resulting in Helix converting to a Delaware corporation and renaming itself Hornbeck Offshore Services, Inc. The filing details compensatory arrangements adopted in connection with the transaction, including employment agreements for CEO Todd M. Hornbeck and five executive vice presidents. Key terms include an annual base salary of $875,000 for Mr. Hornbeck and severance packages equal to 2.5 times base salary plus target bonus upon qualifying termination. The Board adopted a 2026 Omnibus Inducement Incentive Plan reserving 1,500,000 shares of common stock. Additionally, the Company granted Mr. Hornbeck performance-based restricted stock units covering up to 1,500,000 shares and equity awards valued at $4,500,000 for Mr. Hornbeck and smaller amounts for other executives. The company operates in the offshore marine services industry.

September 3, 2026View Source ↗

Hornbeck Offshore Services, Inc. filed a Form 8-K to furnish investor presentation materials regarding its completed merger with Helix Energy Solutions Group, which closed on September 1, 2026. The combination creates an integrated offshore services leader with approximately $3.4 billion in market capitalization and ~$551 million in pro forma LTM Adjusted EBITDA as of June 30, 2026. The combined entity operates a fleet of 85 vessels, including 57 U.S. Jones Act-qualified offshore supply vessels, and maintains a conservative net leverage ratio of 0.4x. Hornbeck Offshore Services, Inc. provides integrated marine transportation, subsea services, and well intervention solutions to the deepwater oilfield, defense, and renewables industries.

September 2, 2026View Source ↗

Hornbeck Offshore Services, Inc., formerly Helix Energy Solutions Group, completed its business combination with Legacy Hornbeck on September 1, 2026, converting to a Delaware corporation and changing its name. Concurrently, the audit committee dismissed KPMG LLP as independent registered public accounting firm effective September 2, 2026, and appointed Ernst & Young LLP (EY) as the new auditor. The filing confirms that KPMG’s prior audit reports contained no adverse opinions or disagreements regarding accounting principles, financial disclosures, or auditing scope. This corporate restructuring and change in external auditors are standard procedural outcomes of the merger transaction. Hornbeck Offshore Services operates in the offshore marine energy industry, providing vessel-based services to oil and gas exploration and production companies.

September 1, 2026View Source ↗

Helix Energy Solutions Group completed its merger with Hornbeck Offshore Services on September 1, 2026. Helix converted to a Delaware corporation and merged into Hornbeck, which survived as a wholly owned subsidiary before merging into a Helix subsidiary. The combined entity was renamed Hornbeck Offshore Services, Inc., trading under ticker HOS starting September 2, 2026. Each share of Legacy Hornbeck common stock converted into 10.27167 shares of the new Common Stock. The revolving credit facility increased to $125 million. Former Helix executives Owen Kratz, Erik Staffeldt, and Ken Neikirk departed, while Todd M. Hornbeck was appointed President and CEO. This company operates in the offshore marine transportation industry.

August 31, 2026View Source ↗

Helix Energy Solutions Group shareholders approved key proposals to finalize its all-stock merger with Hornbeck Offshore Services, including the conversion of Helix to a Delaware corporation and an increase in authorized stock. The transaction is expected to close on September 1, 2026, creating a combined entity where Hornbeck securityholders will own approximately 55% and Helix shareholders will own approximately 45%. The new company will operate under the name Hornbeck Offshore Services, Inc., trading on the NYSE as HOS. Helix Energy Solutions Group is an international offshore energy services company providing specialty well intervention, robotics, and decommissioning operations.