M&A
confidence high
sentiment neutral
materiality 0.80
Hornbeck Offshore (f/k/a Helix) files pro forma financials for reverse merger with Legacy Hornbeck
HELIX ENERGY SOLUTIONS GROUP INC
- Reverse acquisition completed Sep 1, 2026; Legacy Hornbeck is accounting acquirer, holding ~55% of combined company.
- Pro forma combined assets $3.72B; net income $56.2M for 1H26 and $164.4M for FY25.
- Preliminary purchase price consideration $1.573B; $195.4M goodwill recognized.
- Legacy Helix securityholders own ~45%; exchange ratio 10.27167 HOS shares per Legacy Hornbeck share.