Helix Energy Solutions Group Reports Q1 2026 Results and Announces Merger with Hornbeck Offshore Services
Helix Energy Solutions Group reported Q1 2026 revenue of $288 million and a net loss of $13 million, but maintained its 2026 guidance. The company also announced a merger with Hornbeck Offshore Services, creating a combined entity with a pro forma fleet of 73 vessels and $2 billion in backlog. The merger is expected to close in the second half of 2026 and is projected to generate $75 million in annual synergies.
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Topics: Corporate Strategy Earnings Reports Financial Performance Mergers & Acquisitions