Filing Flows › Energy › Hornbeck Offshore Services (HOS)
Hornbeck Offshore Services (HOS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Hornbeck Offshore Services (HOS) Q2 2026 earnings results →
Q2 2026 Revenue up 21% year over year to $304M · 7¢ of every $1 of revenue kept as net profit · operating margin 8.8%
Hornbeck Offshore Services made $304M in Q2 2026 (+21% Y/Y): Decommissioning $139M, Production maximization $115M, Renewables $47.5M. Operating margin 8.8%, net earnings $22.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $304.0M in Q2 2026, up 21% year over year and up 6% from the previous quarter. Decommissioning was the largest line at 46% of revenue. Production maximization added $42.1M year over year (up 58%), 81% of the total change. Other declined 60%.
Gross margin was 18.5%, up 13.1 points from Q2 2025. Operating profit was $26.7M, a 8.8% margin (up 10.0 points year over year). Operating expenses grew 79% against revenue growth of 21%. Net earnings were $22.7M. The effective tax rate was 23.9%.
Operating cash flow was $53.9M, 237% of net earnings. Non-cash charges added back $39.5M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $9.7M. Capital expenditures of $7.2M left free cash flow of $46.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $304M | +21% | 8.8% | $22.7M | $53.9M |
| Q1 2026 | 10-Q | Apr 24, 2026 | $288M | +4% | -4.6% | −$13.4M | $61.8M |
| Q4 2025 | 10-K | Feb 26, 2026 | $334M | -6% | 3.7% | $8.3M | $113M |
| Q3 2025 | 10-Q | Oct 23, 2025 | $377M | +10% | 12.7% | $22.1M | $24.3M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $302M | -17% | -1.0% | −$2.6M | −$17.1M |
| Q1 2025 | 10-Q | Apr 24, 2025 | $278M | -6% | 2.9% | $3.1M | $16.4M |
| Q4 2024 | 10-K | Feb 27, 2025 | $355M | +6% | 8.7% | $20.1M | $78.0M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
Customers and suppliers named in filings
Sells to
- SHEL — 18% of its revenue · Stated in 10-K (XBRL) · source
About Hornbeck Offshore Services
Helix Energy Solutions Group, Inc. (together with its subsidiaries, unless context requires otherwise, “Helix,” the “Company,” “we,” “us” or “our”) was incorporated in 1979 and in 1983 was re-incorporated in the state of Minnesota. We are an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations. Our services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields and supporting renewable energy developments. See “Our Operations” below for additional information regarding business operations.
In its own words, from its 10-K, filed Feb 26, 2026.
Hornbeck Offshore Services against its Oil & Gas Field Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +21% against the peers' median +7%. Operating margin: 8.8% against the peers' median 8.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HOS Hornbeck Offshore Services | Q2 2026 | $304M | +21% | 8.8% |
| SLB SLB Limited | Q3 2026 | $9.4B | +6% | 10.8% |
| HAL Halliburton | Q3 2026 | $5.7B | +2% | 10.9% |
| LBRT Liberty Energy | Q3 2026 | $1.2B | +26% | 1.6% |
| OII Oceaneering International | Q3 2026 | $785M | +6% | 11.7% |
| NESR National Energy Services Reunited | Q2 2026 | $521M | +59% | 12.5% |
| ACDC ProFrac Holding | Q3 2026 | $511M | +27% | -6.7% |
| RES RPC | Q3 2026 | $468M | +5% | -11.5% |
| XPRO Expro | Q3 2026 | $440M | +7% | 1.1% |
Source: Hornbeck Offshore Services 10-Q on SEC EDGAR · CIK 866829 · Oil & Gas Field Services, NEC
13F: who owns HOS and who is buying
More on HOS
- How Hornbeck Offshore Services makes money: revenue by segment
- Hornbeck Offshore Services next earnings date and what analysts expect
- Hornbeck Offshore Services stock forecast, price target and fair value
- Who owns Hornbeck Offshore Services stock: holders, funds and Congress trades
- Hornbeck Offshore Services guidance and outlook
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
- Hornbeck Offshore Services guidance history: guided vs reported
- Hornbeck Offshore Services gross margin by quarter
- Hornbeck Offshore Services operating margin by quarter
- Hornbeck Offshore Services net income by quarter
- Hornbeck Offshore Services free cash flow by quarter
- Hornbeck Offshore Services capital expenditures by quarter
- Hornbeck Offshore Services Decommissioning revenue by quarter
- Hornbeck Offshore Services Production maximization revenue by quarter
- Hornbeck Offshore Services Renewables revenue by quarter