Hornbeck Offshore posts Q3 2026 results and lifts 2027 adjusted EBITDA guidance after Helix merger
Hornbeck Offshore Services reported third‑quarter 2026 revenue of $293.3 million and an adjusted EBITDA of $106 million, while posting a net loss of $85.7 million. The company announced new multi‑year contracts with Shell and a North Sea decommissioning deal, and said it has realized $20 million of annualized cost savings. It reaffirmed guidance for Q4 2026 adjusted EBITDA of $90‑$100 million and raised full‑year 2027 adjusted EBITDA guidance to $500‑$550 million, citing synergies from the September 1 merger with Helix.
Why it matters
The company expects the Helix combination to drive significant EBITDA growth, targeting $500‑$550 million in 2027, which could improve cash generation and valuation. Investors will watch whether the announced contracts and cost‑saving initiatives translate into the projected synergies.
Key facts
- 1Q3 2026 revenue was $293.3 million. prnewswire.com
- 2Adjusted EBITDA for the quarter was $106 million. prnewswire.com
- 3Net loss for the quarter was $85.7 million. prnewswire.com
- 4Adjusted EBITDA guidance for Q4 2026 is $90‑$100 million. tradingview.com
- 5Full‑year 2027 adjusted EBITDA guidance is $500‑$550 million. tradingview.com
- 6The merger with Helix closed on September 1 2026. prnewswire.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.