Offshore Firms Helix and Hornbeck Plan All-Stock Combination

Helix Energy Solutions Group and Hornbeck Offshore Services have reached a definitive agreement to merge through an all-stock transaction. This strategic move aims to establish a premier integrated offshore services company, with Hornbeck shareholders set to own approximately 55% of the combined entity. The merger, which is subject to shareholder and regulatory approvals, is anticipated to conclude in the second half of 2026. It is projected to generate over $75 million in annual revenue and cost synergies within three years.