Filing Flows › Hornbeck Offshore Services (HOS) › Q2 2026 › vs Q2 2025
Hornbeck Offshore Services (HOS) Q2 2026 vs Q2 2025 (year over year)
Hornbeck Offshore Services's revenue rose $52.3M (+21%) from $252M in Q2 2025 to $304M in Q2 2026. The biggest changes: Production maximization +$42.1M (+58%); Decommissioning +$9.3M (+7%); Renewables +$5.5M (+13%). Gross margin 18.5% against 5.3% (+13.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 18.5% | 5.3% | +13.1 pts |
| Operating margin | 8.8% | -1.2% | +10.0 pts |
| Net margin | 7.5% | -1.0% | +8.5 pts |
| Free cash flow margin | 15.4% | -8.4% | +23.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Decommissioning | $139M | $129M | $9.3M | +7% |
| Production maximization | $115M | $72.7M | $42.1M | +58% |
| Renewables | $47.5M | $42.0M | $5.5M | +13% |
| Other | $3.0M | $7.6M | −$4.6M | -60% |
| Revenue | $304M | $252M | $52.3M | +21% |
| Gross profit | $56.2M | $13.5M | $42.7M | +318% |
| Cost of revenue | $248M | $238M | $9.6M | +4% |
| Other income, net | $3.1M | −$3.3M | $6.4M | — |
| Operating profit | $26.7M | −$3.0M | $29.8M | — |
| Operating expenses | $29.5M | $16.5M | $13.0M | +79% |
| Pre-tax earnings | $29.9M | −$6.3M | $36.2M | — |
| Net earnings | $22.7M | −$2.6M | $25.3M | — |
| Income tax | $7.1M | −$3.7M | $10.9M | — |
| Depreciation & amortization | $39.5M | $39.5M | −$22K | -0.1% |
| Share-based compensation | $1.4M | $1.6M | −$214K | -13% |
| Working capital & other | $9.7M | $55.6M | −$45.9M | -83% |
| Operating cash flow | $53.9M | −$17.1M | $71.0M | — |
| Free cash flow (OCF − capex) | $46.7M | −$21.2M | $67.9M | — |
| Capital expenditures | $7.2M | $4.1M | $3.1M | +75% |
Questions
How much did Hornbeck Offshore Services's revenue grow year over year in Q2 2026?
Hornbeck Offshore Services's revenue rose $52.3M (+21%) from $252M in Q2 2025 to $304M in Q2 2026.
What drove Hornbeck Offshore Services's revenue change in Q2 2026?
Production maximization +$42.1M (+58%); Decommissioning +$9.3M (+7%); Renewables +$5.5M (+13%).