HORNBECK OFFSHORE SERVICES, INC. — Form 8-K/A
Filed September 8, 2026 · analyzed by the 8-K Agent
8-K/A
— Neutral
significance 72/100
What the filing says
On September 1, 2026, Legacy Helix Energy Solutions Group, Inc. and Legacy Hornbeck Offshore Services, Inc. completed a merger accounted for as a reverse acquisition, with Legacy Hornbeck as the accounting acquirer. The combined company operates as Hornbeck Offshore Services, Inc. (ticker HOS). Legacy Helix shareholders own ~45% and Legacy Hornbeck shareholders ~55% on fully diluted basis; Legacy Hornbeck common shareholders received 10.27167 shares of combined company per share held. Preliminary purchase price consideration was $1,573.1M ($1,561M in stock consideration plus $12.2M in share-based awards). Pro forma combined six-month H1 2026 revenues were $926.2M with $56.2M net income; full-year 2025 pro forma revenues $1,811M with $164.4M net income.
Why this rating
Material ~$1.6B transaction equals ~188% of company's ~$855M market cap, reshaping capital structure and ownership. Completed merger now past, pro forma figures are historical. Moderate execution risk remains (purchase accounting finalization, integration completion), but transformation is substantially done.
Price action (we called it neutral)
before filing · preread $9.23 ▲ 0.33% | at our read · unknown $9.20 | +10 min · unknown $9.20 ▲ 0.00% | +30 min · unknown $9.20 ▲ 0.00% | +1 hr · unknown $9.20 ▲ 0.00% | +4 hrs pending |
The stock had already moved -0.33% between hitting EDGAR and our read finishing — deltas above are measured from our read.
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