Filing Flows › Hornbeck Offshore Services (HOS) › Q1 2026 › vs Q4 2025
Hornbeck Offshore Services (HOS) Q1 2026 vs Q4 2025 (quarter over quarter)
Hornbeck Offshore Services's revenue fell $46.2M (-14%) from $334M in Q4 2025 to $288M in Q1 2026. The biggest changes: Decommissioning −$52.0M (-24%); Production maximization +$17.1M (+27%); Renewables −$11.6M (-24%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Decommissioning | $163M | $215M | −$52.0M | -24% |
| Production maximization | $79.5M | $62.4M | $17.1M | +27% |
| Renewables | $36.8M | $48.4M | −$11.6M | -24% |
| Other | $8.7M | $8.5M | $226K | +3% |
| Revenue | $288M | $334M | −$46.2M | -14% |
| Income tax benefit | $3.2M | $2.0M | $1.2M | +60% |
| Net loss | $13.4M | −$8.3M | $21.7M | — |
| Costs & expenses | $305M | $336M | −$31.6M | -9% |
| Operating costs | $301M | $322M | −$20.6M | -6% |
| Interest & other, net | $3.2M | $6.0M | −$2.7M | -46% |
| Cost of revenue | $279M | $284M | −$4.4M | -2% |
| Operating expenses | $22.1M | $38.4M | −$16.2M | -42% |
| Operating cash sources | $75.2M | $105M | −$29.7M | -28% |
| Depreciation & amortization | $43.9M | $43.9M | $14K | 0% |
| Share-based compensation | $1.4M | $1.6M | −$264K | -16% |
| Working capital & other | $30.0M | $59.4M | −$29.5M | -50% |
| Net loss absorbed | $13.4M | −$8.3M | $21.7M | — |
| Operating cash flow | $61.8M | $113M | −$51.4M | -45% |
Questions
How much did Hornbeck Offshore Services's revenue grow quarter over quarter in Q1 2026?
Hornbeck Offshore Services's revenue fell $46.2M (-14%) from $334M in Q4 2025 to $288M in Q1 2026.
What drove Hornbeck Offshore Services's revenue change in Q1 2026?
Decommissioning −$52.0M (-24%); Production maximization +$17.1M (+27%); Renewables −$11.6M (-24%).