Hornbeck Offshore agrees to merge with Helix Energy Solutions Group in stock deal
Hornbeck Offshore Services and Helix Energy Solutions Group signed a merger agreement on April 22, 2026, under which Hornbeck becomes a subsidiary of Helix and the combined company takes the Hornbeck name and stays listed on the NYSE. Hornbeck shareholders would own about 55% of the combined company on a fully diluted basis, and each Hornbeck share would convert into 10.27167 shares of the combined company. Closing depends on conditions including approval by Helix shareholders and regulatory clearances.
Key points
- Merger Agreement dated April 22, 2026, among Helix Energy Solutions Group, Hornbeck Offshore Services and related subsidiaries
- Each Hornbeck common share converts into 10.27167 shares of Helix common stock at the effective time
- Hornbeck shareholders would own about 55% and Helix shareholders about 45% of the combined company, fully diluted
- Majority of Hornbeck stockholders adopted the merger agreement by written consent; closing requires Helix shareholder approval, an effective Form S-4, and HSR antitrust waiting period expiration
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.