04/23/2026
Today, we announced that Hornbeck Offshore has entered into an agreement to merge with Helix Energy Solutions, creating a premier integrated offshore services company.
Together, Hornbeck Offshore and Helix will bring complementary capabilities to form a recognized leader in offshore operations that will be capable of servicing markets such as oil and gas, renewables, military defense, scientific research, and other complex marine applications and emerging technologies.
Our combined Company is expected to feature a diversified, high‑specification fleet of specialty vessels, enhanced by subsea robotics, well intervention, and technical service capabilities—including subsea pipeline and cable trenching.
With a global footprint, strong balance sheet, and projected substantial free cash flow generation, the combined company is well positioned to deliver innovative, integrated subsea and marine transportation solutions while creating long‑term value for shareholders.
Following the close of the transaction, the combined company will operate as Hornbeck Offshore Services and trade on the New York Stock Exchange under the ticker symbol HOS. The combined company’s headquarters will be in Covington, Louisiana, and Houston, Texas, with Todd M. Hornbeck serving as President and CEO.
We look forward to working together with the Helix team to drive growth and support customers worldwide with our expanded capabilities and deep operational expertise of over a combined 75 years.
HORNBECK OFFSHORE®
Helix Energy Solutions Group
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