Hornbeck Offshore swings to Q3 2026 net loss of $85.69 million from year-earlier profit
HOS•Hornbeck Offshore reported a third-quarter 2026 net loss of $85.69 million, compared with net income of $51.93 million a year earlier. Revenue rose 60% from the second quarter to $293.34 million, primarily reflecting the incremental contribution from legacy Helix operations.
1. Quarterly results
Hornbeck Offshore swung to a third-quarter 2026 net loss of $85.69 million from net income of $51.93 million a year earlier. Revenue increased 60% from the second quarter to $293.34 million, primarily reflecting the incremental contribution from legacy Helix operations. The results included three months of legacy Hornbeck operations and one month of legacy Helix operations following the merger closing on September 1.
2. Shell agreements
Five-year integrated services agreements with Shell in the U.S. Gulf of America will commence in 2027.
