Filing Flows › Hornbeck Offshore Services (HOS) › Q3 2026 › vs Q3 2025
Hornbeck Offshore Services (HOS) Q3 2026 vs Q3 2025 (year over year)
Hornbeck Offshore Services's revenue fell $83.6M (-22%) from $377M in Q3 2025 to $293M in Q3 2026. The biggest changes: Vessel revenue +$84.7M (+45%); Non-vessel revenue +$9.5M (+75%).
Hornbeck Offshore Services, Q3 2026: revenue $293M (-22% year over year), operating margin -20.4%, net loss $85.7M, operating cash flow −$130M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Vessel revenue | $271M | $186M | $84.7M | +45% |
| Non-vessel revenue | $22.2M | $12.7M | $9.5M | +75% |
| Revenue | $293M | $377M | −$83.6M | -22% |
| Net loss | $85.7M | −$51.9M | $138M | — |
| Costs & expenses | $379M | $377M | $2.1M | +0.5% |
| Operating costs | $353M | $316M | $36.7M | +12% |
| Interest & other, net | $13.7M | $6.5M | $7.2M | +110% |
| Income tax | $12.2M | $2.1M | $10.1M | +482% |
| Operating cash sources | $194M | −$40.3M | $234M | — |
| Depreciation | $20.2M | $55.7M | −$35.4M | -64% |
| Share-based compensation | $43.4M | $1.7M | $41.7M | 26× |
| Cash used in operations | $130M | −$97.7M | $228M | — |
| Net loss absorbed | $85.7M | −$51.9M | $138M | — |
| Working capital & other | $108M | $11.6M | $96.8M | +835% |
Questions
How much did Hornbeck Offshore Services's revenue grow year over year in Q3 2026?
Hornbeck Offshore Services's revenue fell $83.6M (-22%) from $377M in Q3 2025 to $293M in Q3 2026.
What drove Hornbeck Offshore Services's revenue change in Q3 2026?
Vessel revenue +$84.7M (+45%); Non-vessel revenue +$9.5M (+75%).