Helix Energy Solutions Announces All-Stock Merger with Hornbeck, Anticipates $75M+ Synergies
Helix Energy Solutions Group has announced an all-stock merger with Hornbeck Offshore Services, expected to close in 2H 2026. The deal is projected to generate $75 million in annual synergies within three years and create a combined company with a $2.8 billion vessel fleet. Helix reported Q1 2026 revenue of $288 million and reiterated its 2026 financial guidance.
Tickers: $HLX
Topics: Company Combination M&A Q1 Results Strategic Rationale Synergies