Highest-materiality recent filing
Hornbeck Offshore (f/k/a Helix) files pro forma financials for reverse merger with Legacy Hornbeck
Reverse acquisition completed Sep 1, 2026; Legacy Hornbeck is accounting acquirer, holding ~55% of combined company.
Hornbeck completes Helix merger, creating integrated offshore services leader
Merger with Helix completed Sept 1, 2026; combined company operates 85 vessels incl. 57 OSVs and 15 MPSVs.
Helix-Hornbeck merger completes; combined company to trade as HOS on NYSE
Merger completed: Helix converted to Delaware, merged with Legacy Hornbeck; new company renamed Hornbeck Offshore Services, Inc.
Helix shareholders approve all-stock merger with Hornbeck; close set for Sept 1
Special meeting votes: 126.7M for stock issuance, 117.9M for second merger approval.
Helix Q2 net income $22.7M, revenue up 21% YoY; merger with Hornbeck on track for Sept 1
Net income of $22.7M ($0.15 diluted EPS) vs net loss of $2.6M in Q2 2025; revenue $304M, up 21% YoY.
Helix sells Shallow Water Abandonment business to Chouest Group for $107.5M cash
Sold Gulf of America shallow water abandonment business to C-Dive (Chouest) for $107.5M cash at closing, adjusted for working capital.
Helix shareholders will own ~45%, Hornbeck shareholders ~55% of the combined company post-merger.
Helix Q1 2026 net loss of $13.4M vs year-ago profit; revenue up but costs weigh
Diluted EPS of ($0.09) vs $0.02 in Q1 2025; net loss of $13.4M vs net income of $3.1M a year ago.
Helix-Hornbeck all-stock merger: Hornbeck owners get 55%, Helix 45% - $75M annual synergies
Fixed exchange ratio: 10.27167 Helix shares per Hornbeck share; pro forma ownership 55% Hornbeck, 45% Helix.
Helix Q4 net income $8.3M, down 63% QoQ; $18.1M impairment; cash $445M
Q4 net income $8.3M ($0.06 diluted) vs Q3 $22.1M ($0.15) and Q4 2024 $20.1M ($0.13). Full year 2025 net income $30.8M ($0.21) vs 2024 $55.6M ($0.36).
Helix Energy CEO Owen Kratz to retire; will continue until successor named
Owen Kratz informed Board on Dec 17, 2025 of his intention to retire as President & CEO.
Helix Q3 net income $22.1M ($0.15 EPS), Adj. EBITDA $103.7M; raises FY2025 guidance
Net income $22.1M ($0.15 diluted EPS) vs Q2 loss $2.6M; Adj. EBITDA $103.7M, highest quarterly since 2014.
Helix posts Q2 net loss of $2.6M; revenue down 17% YoY to $302M
Diluted EPS loss of ($0.02) vs $0.21 profit in Q2 2024; adjusted EBITDA $42.4M (down 56% YoY).
Helix reports Q1 net income $3.1M, down 85% from Q4; revenue $278M, down 22% sequentially
Net income $3.1M ($0.02 diluted) vs $20.1M ($0.13) in Q4 2024 and net loss $26.3M in Q1 2024.
Helix Q4 net income $20.1M ($0.13); FY free cash flow highest in two decades at $163.2M
Q4 2024 net income $20.1M ($0.13 diluted EPS) vs $29.5M ($0.19) in Q3 2024 and net loss of $28.3M in Q4 2023.
Helix Q3 net income $29.5M ($0.19/diluted); backlog up >$800M on three contracts
Revenue $342.4M, down 13% YoY; net income $29.5M vs $15.6M in Q3 2023.
Helix extends ABL Facility maturity to August 2029, ups LC basket to $55M
Maturity of ABL Facility extended from Sep 30, 2026 to Aug 2, 2029.
Helix swings to Q2 net income $32.3M; revenue $364.8M up 18% YoY
Net income $32.3M ($0.21/diluted) vs Q1 loss $26.3M and Q2 2023 income $7.1M.
Helix Q1 2024 net loss $26.3M ($0.17/diluted); revenue $296.2M, up 18% YoY
Revenue $296.2M (+18% YoY); adjusted EBITDA $47.0M vs $35.1M a year ago.
Helix Energy retires all 6.75% convertible notes due 2026; pays $60.2M in cash
Redeemed $0.3M principal & settled conversions of $39.9M principal at $1,127.78 per $1,000 note.
Helix Q4 net loss $28.3M on $37.3M debt repurchase loss; FY adj. EBITDA up 126% to $273M
Q4 2023 net loss $28.3M ($0.19 diluted EPS) vs Q3 net income $15.6M ($0.10); revenue $335.2M, down 15% sequentially.
Helix repurchases $160M of 6.75% convertible notes due 2026 for cash and stock
Repurchased and exchanged $160M aggregate principal of 2026 Notes for 1.5M shares and $218M cash (net of $16M from capped call unwind).
Helix repurchases $141M of 6.75% convertible notes due 2026; pays cash and shares
Repurchased $141M aggregate principal of 6.75% Convertible Senior Notes due 2026; settlement expected by Dec 27, 2023.
Helix Energy issues $300M of 9.750% Senior Notes due 2029 to refinance convertibles
$300M aggregate principal, 9.750% coupon, maturity March 1, 2029; interest payable March 1 and Sept 1.
Helix prices $300M 9.750% Senior Notes due 2029 to refinance 2026 convertibles
$300M aggregate principal, 9.750% coupon, matures March 1, 2029.
Helix to offer $300M senior notes due 2029, refinance 6.75% convertible notes due 2026
Announced intention to offer $300M Senior Notes due 2029 in a private placement.
Helix Q3 net income $15.6M, revenue $395.7M, highest quarterly EBITDA since 2014
Q3 net income $15.6M ($0.10/diluted) vs Q2 $7.1M and year-ago loss $18.8M; adjusted EBITDA $96.4M.
Helix Q2 net income $7.1M vs prior loss; revenue $309M (+90% YoY); guides 2023 higher
Net income of $7.1M ($0.05 diluted EPS) vs Q1 loss of $5.2M and Q2 2022 loss of $29.7M.
Helix Q1 net loss $5.2M, EPS -$0.03; revenue $250M, down 13% QoQ
Net loss $5.2M ($0.03 diluted EPS) versus net income $2.7M ($0.02) in Q4 2022.
Helix Q4 net income $2.7M; full-year net loss $87.8M; board authorizes $200M buyback
Q4 2022 net income $2.7M ($0.02 diluted EPS) vs Q3 loss $18.8M and Q4 2021 loss $25.9M.
Helix Q3 net loss narrows to $18.8M; revenue up 51% YoY to $272.5M
Net loss of $18.8M ($0.12/share) improved from $29.7M in Q2 and $19.0M in Q3 2021; revenue $272.5M (+51% YoY, +68% QoQ).
On August 27, 2024, Amerino Gatti notified the Board of Directors (the “Board”) of Helix Energy Solutions Group, Inc. (“Helix” or the “Company”) of his intention to resign as a director of the Company effective as of August 30, 2024.
the Board of Directors (the “Board”) of Helix Energy Solutions Group, Inc. (“Helix”), pursuant to Helix’s By-Laws, increased the size of the Helix Board from six to eight directors, and also elected each of Diana Glassman and Paula Harris as a director, both effective as of September 20, 2022.
the Board of Directors (the “Board”) of Helix Energy Solutions Group, Inc. (“Helix”), pursuant to Helix’s By-Laws, increased the size of the Helix Board from six to eight directors, and also elected each of Diana Glassman and Paula Harris as a director, both effective as of September 20, 2022.
Following certification of the vote of the Company’s 2022 Annual Meeting of Shareholders, in accordance with the Guidelines on May 18, 2022 Jan Rask tendered his offer of resignation.
Effective December 8, 2021, Brent Arriaga was appointed Chief Accounting Officer and Corporate Controller of Helix and designated as its “principal accounting officer”
increased the size of the Helix Board from six to seven directors, and also elected T. Mitch Little as a director, both effective as of July 22, 2021.
Max materiality 0.90 · Median 0.68 · Most common event earnings