Hornbeck Offshore Reports Q3 2026 Results Following Merger Integration
Hornbeck Offshore (HOS) reported its third-quarter 2026 financial results, marking the first full three months of combined operations following its recent merger. The company achieved adjusted revenue of $503 million and an adjusted EBITDA of $155 million, representing a 31% margin. Strong performance was noted in the Well Intervention segment, which saw 91% utilization and high average dayrates. Looking ahead, management provided optimistic guidance for 2027 with an expected adjusted EBITDA between $500 million and $550 million. However, the company cautioned that the first quarter of 2027 will face operational headwinds due to 407 days of scheduled regulatory dry dock downtime. The company is also investing in fleet expansion, including new ROV systems and two U.S.-flagged MPSVs expected to enter service through 2028.
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Topics: backlog earnings report EBITDA financial guidance revenue
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