HOSNYSEOil & Gas Field Services, NECUS GAAP · USD

Helix Energy Solutions Group, Inc

Hornbeck Offshore Services, Inc. is a U.S.-based offshore marine services company that operates specialized offshore supply vessels and related marine assets for energy and subsea projects. Its services support offshore oil and gas exploration, development, production, construction, maintenance and decommissioning, with operations centered on the Gulf of Mexico and other offshore markets.

Kysy yhtiöstä
Liikevaihto1 291milj. USD
−4,9 %v/v
Liikevoitto (EBIT)65,1milj. USD
−48,9 %v/v
EBIT-marginaali5,0%
−4,3 %-yks.v/v
Nettotulos30,8milj. USD
−44,6 %v/v
Vapaa kassavirta120milj. USD
−26,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−50005001 0001 500milj. USD2020: 160 milj. USD2020: EBIT 13 milj. USD20202021: 675 milj. USD2021: EBIT −49 milj. USD20212022: 873 milj. USD2022: EBIT −45 milj. USD20222023: 1 290 milj. USD2023: EBIT 64 milj. USD20232024: 1 359 milj. USD2024: EBIT 127 milj. USD20242025: 1 291 milj. USD2025: EBIT 65 milj. USD20251 29165
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Helix Energy Solutions Group, Inc

Liiketoiminta

Osuus liikevaihdosta
Offshore Supply Vessels55 %

Vessel transport of personnel, equipment, fuel and supplies to offshore installations.

Specialty Marine Support25 %

Higher-specification vessel services for subsea work, construction, towing and offshore projects.

Project and Logistics Services15 %

Integrated marine transportation, offshore logistics and project-support assignments.

Other Marine Services5 %

Ancillary vessel, chartering and marine-support activities not separately reported.

Tuotteet

Raportoitu · osuus liikevaihdosta
55,4%30,3%12,2%FY2025100 %
  • Decommissioning55,4 %
  • Production Maximization30,3 %
  • Renewables12,2 %
  • Services and other2,2 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Customers primarily include offshore oil and gas producers, drilling contractors, offshore construction companies and subsea service providers. They charter vessels to move personnel, materials and equipment, support offshore installation and maintenance work, and provide marine logistics for drilling and production assets. Demand is linked to customers' offshore capital spending, field activity, vessel requirements and project schedules. The customer base can also include infrastructure, renewable-energy and other offshore project developers where vessel capabilities are transferable.

Offshore oil and gas producers

Charter vessels for supply, personnel transport, production support and offshore logistics.

Drilling contractors

Use offshore support vessels to service drilling rigs and move materials and crews.

Subsea and offshore construction contractors

Require specialized marine assets for installation, inspection, maintenance and construction work.

Renewable-energy and infrastructure developers

Use suitable vessels for offshore construction, cable, survey and project-support activities.

Strategia

Hornbeck's strategic value rests on maintaining a fleet capable of supporting technically demanding offshore projects rather than competing only for basic transport work. The planned combination with Helix Energy Solutions is intended to broaden the combined offshore-services offering across marine logistics, well intervention, robotics and decommissioning. Fleet utilization, contract quality and deployment flexibility remain central to converting vessel capacity into recurring customer relationships.

Complete and integrate the planned Helix combinationLyhyt aikaväli

A broader service portfolio could improve customer coverage and project-bidding capability.

Improve utilization of specialized offshore vesselsKeskipitkä aikaväli

Vessel-based economics depend heavily on utilization, day rates and deployment continuity.

Maintain technical and safety differentiationPitkä aikaväli

Customers select offshore contractors based on vessel capability, reliability, personnel and operating safety.

Maantiede

Hornbeck's operating profile is centered on the U.S. Gulf of Mexico, where offshore producers, drilling contractors and marine construction firms create demand for supply and specialty vessels. Its vessel-based model can also serve projects in other offshore regions when contract economics and vessel deployment support international mobilization. Geographic exposure affects utilization through regional offshore activity, weather, permitting, cabotage rules, port access and local maritime regulations. The available excerpts do not provide a country-level revenue table for Hornbeck.

Riskit

Hornbeck's results are exposed to the cyclical offshore energy market because customers can defer drilling, production and construction spending when oil and gas prices weaken. Vessel oversupply, contract cancellations, equipment failures, weather disruptions and intense competition can reduce utilization or day rates. International deployment adds regulatory, geopolitical and logistics risks, while the planned combination with Helix creates execution and integration exposure.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Offshore oil and gas cycle1Vessel oversupply and pricing pressure2Operational or equipment failure3Planned merger execution4Weather and marine operating conditions5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Offshore oil and gas cycleVaikutus: KriittinenTodennäköisyys: Kohtalainen

    Lower commodity prices can cause producers and drilling contractors to defer offshore activity.

    KohdistuuVessel demandUtilizationCharter rates
  2. Vessel oversupply and pricing pressureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Excess offshore vessel capacity can reduce day rates and increase idle time.

    Kohdistuu: Fleet utilization and contract economics

  3. Operational or equipment failureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Vessel breakdowns can interrupt contracts, create repair costs and impair customer relationships.

    KohdistuuRevenue continuityMaintenance costsLiabilities
  4. Planned merger executionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Combining fleets, systems, personnel and customer contracts can create integration costs or disruption.

    Kohdistuu: Strategic execution and operating continuity

  5. Weather and marine operating conditionsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Hurricanes and severe offshore weather can suspend work and delay vessel deployment.

    Kohdistuu: Gulf of Mexico operations

Kysy Clarifolta: Helix Energy Solutions Group, Inc

Kirjanpito

Harkinnanvaraiset erät
Vessel depreciation and residual values

Useful lives, residual values and depreciation methods materially affect earnings and asset carrying values.

Vaikutus: Reported operating income and property, plant and equipment

Long-lived asset impairment

Lower day rates, utilization or projected cash flows may indicate that vessel carrying values are not recoverable.

Vaikutus: Potential non-cash impairment charges

Charter and service revenue recognition

Timing depends on whether revenue is earned over the charter period, by voyage or as services are performed.

Vaikutus: Quarterly revenue and contract assets or liabilities

Leases and financing commitments

Vessel charters, facilities and equipment arrangements may create recognized lease liabilities or contractual cash commitments.

Vaikutus: Balance-sheet leverage and operating cash requirements

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026