Filing Flows › Hornbeck Offshore Services (HOS) › Q1 2026 › vs Q1 2025
Hornbeck Offshore Services (HOS) Q1 2026 vs Q1 2025 (year over year)
Hornbeck Offshore Services's revenue rose $9.9M (+4%) from $278M in Q1 2025 to $288M in Q1 2026. The biggest changes: Production maximization −$59.1M (-43%); Decommissioning +$46.6M (+40%); Renewables +$19.9M (+118%).
Hornbeck Offshore Services, Q1 2026: revenue $288M (+4% year over year), operating margin -4.6%, net loss $13.4M, operating cash flow $61.8M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 20.5% | 4.3% | +16.2 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Decommissioning | $163M | $116M | $46.6M | +40% |
| Production maximization | $79.5M | $139M | −$59.1M | -43% |
| Renewables | $36.8M | $16.9M | $19.9M | +118% |
| Other | $8.7M | $6.3M | $2.4M | +39% |
| Revenue | $288M | $278M | $9.9M | +4% |
| Income tax benefit | $3.2M | −$453K | $3.6M | — |
| Net loss | $13.4M | −$3.1M | $16.5M | — |
| Costs & expenses | $305M | $278M | $26.4M | +10% |
| Operating costs | $301M | $270M | $31.4M | +12% |
| Interest & other, net | $3.2M | $4.6M | −$1.4M | -30% |
| Cost of revenue | $279M | $251M | $28.6M | +11% |
| Operating expenses | $22.1M | $19.4M | $2.8M | +14% |
| Operating cash sources | $75.2M | $13.4M | $61.8M | +462% |
| Depreciation & amortization | $43.9M | $42.5M | $1.4M | +3% |
| Share-based compensation | $1.4M | $1.7M | −$288K | -17% |
| Working capital & other | $30.0M | −$30.8M | $60.7M | — |
| Net loss absorbed | $13.4M | −$3.1M | $16.5M | — |
| Operating cash flow | $61.8M | $16.4M | $45.3M | +276% |
| Free Cash Flow (company-reported) | $59.0M | $12.0M | $47.0M | +393% |
| Capital expenditures, net of proceeds from asset sales | $2.8M | $4.5M | −$1.7M | -37% |
Questions
How much did Hornbeck Offshore Services's revenue grow year over year in Q1 2026?
Hornbeck Offshore Services's revenue rose $9.9M (+4%) from $278M in Q1 2025 to $288M in Q1 2026.
What drove Hornbeck Offshore Services's revenue change in Q1 2026?
Production maximization −$59.1M (-43%); Decommissioning +$46.6M (+40%); Renewables +$19.9M (+118%).