Filing Flows › Hornbeck Offshore Services (HOS) › How it makes money
How Hornbeck Offshore Services (HOS) makes money
Hornbeck Offshore Services (HOS) made $304M of revenue in the second quarter 2026 (Q2 2026), +21% from a year earlier. Decommissioning brought in $139M (46%); Production maximization brought in $115M (38%); Renewables brought in $47.5M (16%). Of every dollar of revenue, 18¢ was left as gross profit, 9¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Decommissioning | $139M | 45.6% | -15% | +7% |
| Production maximization | $115M | 37.8% | +44% | +58% |
| Renewables | $47.5M | 15.6% | +29% | +13% |
| Other | $3.0M | 1.0% | -65% | -60% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $304M | 100.0% |
| Cost of revenue | $248M | 81.5% |
| Gross profit | $56.2M | 18.5% |
| Operating expenses | $29.5M | 9.7% |
| Operating profit | $26.7M | 8.8% |
| Income tax | $7.1M | 2.3% |
| Net earnings | $22.7M | 7.5% |
| Operating cash flow | $53.9M | 17.7% |
| Free cash flow | $46.7M | 15.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $304M | +21% |
| Q1 2026 | $288M | +4% |
| Q4 2025 | $334M | -6% |
| Q3 2025 | $377M | +10% |
| Q2 2025 | $302M | -17% |
| Q1 2025 | $278M | -6% |
| Q4 2024 | $355M | +6% |
From Hornbeck Offshore Services' 10-Q filed Aug 6, 2026 (on EDGAR).
Questions
How does Hornbeck Offshore Services make money?
Hornbeck Offshore Services (HOS) made $304M of revenue in the second quarter 2026 (Q2 2026), +21% from a year earlier. Decommissioning brought in $139M (46%); Production maximization brought in $115M (38%); Renewables brought in $47.5M (16%). Of every dollar of revenue, 18¢ was left as gross profit, 9¢ was left as operating profit, 7¢ was left as net earnings.
What is Hornbeck Offshore Services' biggest business?
Decommissioning: $139M in the second quarter 2026, 46% of revenue, +7% from a year earlier.
What is Hornbeck Offshore Services' profit margin?
Net earnings were $22.7M, 7.5% of revenue, in the second quarter 2026; the operating margin was 8.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.