Filing Flows › Hornbeck Offshore Services (HOS) › Q2 2026
Hornbeck Offshore Services (HOS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Hornbeck Offshore Services (HOS) reported revenue of $304M for the second quarter 2026 (Q2 2026), +21% from a year earlier and +6% from the quarter before. Operating margin was 8.8%, net earnings $22.7M (7.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $304M | +6% | +21% |
| Gross profit | $56.2M | +537% | +318% |
| Operating profit | $26.7M | — | — |
| Net earnings | $22.7M | — | — |
| Operating cash flow | $53.9M | -13% | — |
| Free cash flow | $46.7M | -21% | — |
What changed
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.
Questions
What was Hornbeck Offshore Services' revenue in the second quarter 2026?
Hornbeck Offshore Services (HOS) reported revenue of $304M for the second quarter 2026 (Q2 2026), +21% from a year earlier and +6% from the quarter before.
Was Hornbeck Offshore Services profitable in the second quarter 2026?
Operating profit was $26.7M (8.8% of revenue) and net earnings $22.7M.