Welcome to our dedicated page for Helix Energy Solutions Grp SEC filings (Ticker: HLX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Helix Energy Solutions Group, Inc. filings document material events, operating results and governance matters for an offshore energy services issuer with NYSE-listed common stock. Form 8-K reports furnish earnings releases, Regulation FD presentation materials and capital-structure details, including the company’s common stock registration and exchange listing.
Helix’s filings also include definitive proxy materials for annual meeting votes on directors, independent auditor ratification and executive compensation. Other material-event filings document agreements related to integrated subsea well intervention equipment and services, as well as executive succession and other governance disclosures.
Helix Energy Solutions Group posted a weak first quarter but remains financially strong and is pursuing a transformative merger. Net revenues rose to $287.9M, up 4%, but higher costs drove a net loss of $13.4M, or $(0.09) per share, versus a $3.1M profit a year earlier. Adjusted EBITDA fell to $32.3M from $52.0M, mainly from lower margins in Well Intervention and a swing to loss in Production Facilities after Thunder Hawk workover costs.
Despite softer earnings, operations generated strong cash. Free Cash Flow jumped to $59.0M from $12.0M, lifting cash and equivalents to $501.3M. Long-term debt including current maturities was $303.8M, leaving Net Debt at a net cash position of $(197.5M) and liquidity of $611.7M, including $113.0M of undrawn ABL capacity.
Backlog was about $1.2B, with $551M expected in 2026. Helix agreed to merge with Hornbeck Offshore Services, after converting to a Delaware corporation, with current Helix shareholders expected to own about 45% of the combined company and Hornbeck holders about 55%. The company also suspended buybacks under its $200M repurchase program, leaving $128.4M authorized but inactive.
Helix Energy Solutions Group, Inc. has agreed to merge with Hornbeck Offshore Services, Inc. in a stock-for-stock transaction using a two-step merger structure. Helix will first convert from a Minnesota to a Delaware corporation, with each existing Helix share becoming one share of new Delaware common stock. At closing, each Hornbeck share will convert into the right to receive 10.27167 shares of converted Helix common stock. After the transaction, Helix shareholders are expected to own about 45% and Hornbeck shareholders about 55% of the combined company, which will be renamed Hornbeck Offshore Services, Inc. and remain listed on the NYSE. The combined board will have seven members, four designated by Hornbeck and three by Helix, with William L. Transier serving as chairman. Closing is subject to Helix shareholder approvals, regulatory and antitrust clearances, NYSE listing of the new shares, effectiveness of a Form S-4, and customary accuracy and covenant conditions, including an opinion that the deal qualifies as a tax-free reorganization. The merger agreement includes mutual termination rights, with specified circumstances triggering a $40.5 million fee from Helix or a $49.5 million fee from Hornbeck, and capped expense reimbursements if certain approvals are not obtained. Related registration rights and securityholders agreements provide resale registration, a 180-day lock-up for certain holders, board nomination rights for key shareholders, and multi‑year standstill and transfer restrictions.
Helix Energy Solutions Group, Inc. shared an all-employee message from Hornbeck Offshore leadership announcing a proposed merger to combine Helix and Hornbeck Offshore into a larger, high-spec offshore services company. Helix says it will file a Form S-4 to register Helix common stock to be issued in the transaction; closing is expected in the second half of 2026, subject to a number of approvals and customary closing conditions. The communication describes complementary capabilities across well intervention, decommissioning, robotics, trenching, subsea services, flotel and marine transportation, and identifies integration planning underway between the companies. The release includes standard solicitation disclosures, lists where SEC filings and the proxy statement/prospectus will be available, and contains customary forward-looking statement cautionary language.
Helix Energy Solutions Group, Inc. announced an agreement to combine with Hornbeck Offshore Services to form a single, integrated offshore services company. The combined company will operate under the Hornbeck Offshore Services name with headquarters in Houston, Texas and Covington, Louisiana. Todd Hornbeck is expected to serve as President and CEO and Bill Transier as Chairman.
The companies expect to complete the transaction in the second half of 2026, subject to a number of approvals and customary conditions. Helix intends to file a registration statement on Form S-4 that will include a proxy statement/prospectus; definitive materials will be mailed after effectiveness.
Helix Energy Solutions Group, Inc. announced a proposed combination with Hornbeck Offshore to create an integrated offshore services company with an expanded high-specification fleet, subsea robotics, well intervention and trenching capabilities. Helix intends to file a Form S-4 to register Helix common stock to be issued in the proposed transaction.
The companies describe a stronger balance sheet and projected substantial free cash flow generation as objectives and note that completion is subject to customary conditions, including regulatory and shareholder approvals. The communication contains forward-looking statements and directs shareholders to the registration statement, the proxy statement/prospectus, and Helix SEC filings (including the Form 10-K for the year ended December 31, 2025) for important details.
Helix Energy Solutions Group announced a definitive agreement to combine with Hornbeck Offshore Services to create an integrated offshore services company. The transaction is expected to close in the second half of 2026, subject to Helix shareholder approval, regulatory approvals, and customary closing conditions.
Helix intends to file a registration statement on Form S-4 to register the Helix common stock to be issued in the merger and will mail a definitive proxy statement/prospectus to Helix shareholders after effectiveness. Until closing, both companies will operate independently and continue current operations.
Helix Energy Solutions Group and Hornbeck Offshore have agreed to merge to form a combined company that will operate as Hornbeck Offshore Services (NYSE: HOS). The transaction will be effected through a merger and Helix intends to file a Form S-4 registration statement that includes a proxy statement/prospectus for Helix Shares. The combined company will be headquartered in Covington, Louisiana, and Houston, Texas, with Todd M. Hornbeck serving as President and CEO. The announcement highlights a diversified high-specification vessel fleet, subsea robotics and well intervention capabilities, and an asserted history of over 75 years of combined operational experience. Helix and Hornbeck note that completion is subject to customary conditions, regulatory and shareholder approvals, and that risks and forward-looking statements are described in Helix’s SEC filings, including its Annual Report for the fiscal year ended December 31, 2025.
Helix Energy Solutions Group announces a definitive all-stock agreement to combine with Hornbeck Offshore Services. The companies say the transaction will create an integrated offshore services company and will be discussed on a joint conference call at 7:00 a.m. Central / 8:00 a.m. Eastern. Helix intends to file a Form S-4 registration statement to register Helix common stock to be issued in the transaction and will include a proxy statement/prospectus. The communication urges shareholders to read the registration statement, the proxy statement/prospectus and other filings with the SEC for material details and risks.
Helix Energy Solutions (HLX) announced an all‑stock combination with Hornbeck Offshore to create a scaled, integrated offshore services company expected to trade as HOS on the NYSE. At closing Helix shareholders are projected to own ~45% and Hornbeck shareholders ~55%, subject to Helix shareholder approval, regulatory approvals and customary closing conditions.
Helix reported Q1 2026 results: $288 million revenue, $9 million gross profit, $32 million adjusted EBITDA and a $13 million net loss, with $501 million cash and $612 million liquidity. The companies expect at least $75 million of annual synergies within three years and describe a combined fleet, expanded geographic footprint, and pro forma scale that management says will increase revenue and EBITDA materially.
Helix Energy Solutions Group, Inc. entered into a definitive agreement to combine with Hornbeck Offshore Services in an all‑stock merger to form a single integrated offshore services company.
Under the agreement Hornbeck shareholders would own approximately 55% and Helix shareholders approximately 45% of the combined company on a fully diluted basis. The parties expect the transaction to close in the second half of 2026, subject to shareholder and regulatory approvals, and estimate $75 million+ of annual revenue and cost synergies within three years following close. The combined company is expected to operate under the Hornbeck Offshore Services name and trade on the NYSE under the ticker HOS.