---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-380897"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2026-09-03T10:15:10+00:00"
generated_at: "2026-09-03T10:20:10.283392+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Hornbeck completes Helix merger, creating integrated offshore services leader

## Summary
- Merger with Helix completed Sept 1, 2026; combined company operates 85 vessels incl. 57 OSVs and 15 MPSVs.
- Pro forma backlog $2.0B; LTM Adj. EBITDA $551M; market cap ~$3.4B based on ~327M shares and Helix close of $10.30.
- Fleet includes 22 ultra high-spec OSVs, 7 well intervention vessels, 41 work-class ROVs, and 6 subsea trenching systems.
- Two newbuild MPSVs expected in 2027 and 2028; net debt/LTM Adj. EBITDA 0.4x as of 2Q2026.

## SEC filing metadata
- accession: 0001193125-26-380897
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2026-09-03T10:15:10+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866829/000119312526380897/0001193125-26-380897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000119312526380897/d138666d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-380897
- JSON: https://secwatch.observer/filing/0001193125-26-380897.json
- Plain text: https://secwatch.observer/filing/0001193125-26-380897.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.