Filing Flows › Hornbeck Offshore Services (HOS) › Q2 2026 › vs Q1 2026
Hornbeck Offshore Services (HOS) Q2 2026 vs Q1 2026 (quarter over quarter)
Hornbeck Offshore Services's revenue rose $16.1M (+6%) from $288M in Q1 2026 to $304M in Q2 2026. The biggest changes: Production maximization +$35.3M (+44%); Decommissioning −$24.3M (-15%); Renewables +$10.7M (+29%). Gross margin 18.5% against 3.1% (+15.4 pts).
Hornbeck Offshore Services, Q2 2026: revenue $304M (+21% year over year), operating margin 8.8%, net earnings $22.7M, operating cash flow $53.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 18.5% | 3.1% | +15.4 pts |
| Operating margin | 8.8% | -4.6% | +13.4 pts |
| Net margin | 7.5% | -4.7% | +12.1 pts |
| Free cash flow margin | 15.4% | 20.5% | -5.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Decommissioning | $139M | $163M | −$24.3M | -15% |
| Production maximization | $115M | $79.5M | $35.3M | +44% |
| Renewables | $47.5M | $36.8M | $10.7M | +29% |
| Other | $3.0M | $8.7M | −$5.7M | -65% |
| Revenue | $304M | $288M | $16.1M | +6% |
| Gross profit | $56.2M | $8.8M | $47.4M | +537% |
| Cost of revenue | $248M | $279M | −$31.3M | -11% |
| Other income, net | $3.1M | −$3.2M | $6.4M | — |
| Operating profit | $26.7M | −$13.3M | $40.0M | — |
| Operating expenses | $29.5M | $22.1M | $7.3M | +33% |
| Pre-tax earnings | $29.9M | −$16.6M | $46.4M | — |
| Net earnings | $22.7M | −$13.4M | $36.1M | — |
| Income tax | $7.1M | −$3.2M | $10.3M | — |
| Depreciation & amortization | $39.5M | $43.9M | −$4.4M | -10% |
| Share-based compensation | $1.4M | $1.4M | $46K | +3% |
| Working capital & other | $9.7M | −$30.0M | $39.7M | — |
| Operating cash flow | $53.9M | $61.8M | −$7.9M | -13% |
| Free cash flow (OCF − capex) | $46.7M | $59.0M | −$12.3M | -21% |
| Capital expenditures | $7.2M | $2.8M | $4.4M | +155% |
Questions
How much did Hornbeck Offshore Services's revenue grow quarter over quarter in Q2 2026?
Hornbeck Offshore Services's revenue rose $16.1M (+6%) from $288M in Q1 2026 to $304M in Q2 2026.
What drove Hornbeck Offshore Services's revenue change in Q2 2026?
Production maximization +$35.3M (+44%); Decommissioning −$24.3M (-15%); Renewables +$10.7M (+29%).