Every material Form 8-K Helix Energy Solutions Group filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hornbeck Offshore Services disclosed new employment agreements for its CEO Todd M. Hornbeck and five other senior executives, dated September 1, 2026, in connection with the Helix Energy Solutions merger. It also adopted a 2026 inducement plan without stockholder approval and granted the CEO a performance-based award of up to 1,500,000 shares tied to $75 million in annualized gross synergies and stock price targets of $14 and $20 per share.
CEO agreement sets base salary of not less than $875,000, a 140% target bonus and a $4,500,000 target long-term incentive opportunity
Performance award of 1,000,000 PSUs granted September 4, 2026, with up to 1,500,000 shares, vesting on $75 million in run-rate synergies by year-end 2029 and stock price targets of $14 (target) and $20 (maximum)
Board reserved 1,500,000 shares under the 2026 Omnibus Inducement Incentive Plan, adopted September 2, 2026 without stockholder approval under NYSE Rule 303A.08
Executive equity grants on September 2, 2026 include $4,500,000 for the CEO and $1,400,000 to $800,000 for other executives in grant date fair value
Hornbeck Offshore completed mergers with Legacy Hornbeck, as shown by new Jones Act warrant agreements dated September 1, 2026, and a reconstituted board with William L. Transier as chairman. The filing also shows the termination of a $120 million Helix credit facility with no outstanding borrowings, an increase in revolving commitments to $125 million, and the departure of the chief executive, chief financial officer and general counsel.
Company issued 37,818,435 shares of common stock to consenting Legacy Hornbeck stockholders and assumed 8,617,903 Jones Act Warrants.
Helix terminated its $120 million asset-based credit facility with Bank of America; there were no outstanding borrowings.
First Incremental Facility Amendment raises revolving commitments to $125 million from $75 million, with $175 million of uncommitted incremental capacity.
Owen Kratz (CEO), Erik Staffeldt (CFO) and Ken Neikirk (general counsel) no longer hold their roles as of the Effective Time; Transier was appointed chairman.
Helix Energy Solutions reported second quarter 2026 net income of $22.7 million, or $0.15 per diluted share, compared with a net loss of $2.6 million a year earlier. Revenue rose to $304.0 million from $251.7 million, and Adjusted EBITDA reached $69.9 million versus $42.4 million. Helix withdrew its annual guidance because of the pending merger with Hornbeck, which shareholders will vote on August 31, 2026.
Revenue of $304.0 million in Q2 2026, up from $251.7 million in Q2 2025
Net income of $22.7 million ($0.15 per diluted share), including $7.5 million from discontinued operations, versus a net loss of $2.6 million a year earlier
Annual guidance withdrawn; special shareholder meeting scheduled August 31, 2026; merger expected to close September 1, 2026
Cash and cash equivalents of $652.2 million at June 30, 2026; no conference call due to the pending merger
Helix Energy Solutions Group, through subsidiary Helix Alliance Decom, sold all equity interests in its Gulf of America Shallow Water Abandonment business, called Alliance, to C-Dive, L.L.C. for $107.5 million in cash, subject to customary post-closing adjustments. The sale was signed and closed on May 1, 2026, and the filing says it supports Helix's focus on deepwater operations while it pursues a combination with Hornbeck Offshore Services. The filing does not report the business's revenue, profit, or the effect on Helix's financial results.
Sale price: $107.5 million cash at closing, subject to customary post-closing adjustments
Equity Purchase Agreement and closing both dated May 1, 2026; buyer is C-Dive, L.L.C., part of the Chouest Group
Alliance companies released as guarantors under the December 1, 2023 indenture with The Bank of New York Mellon Trust Company, N.A.
Helix separately announced a definitive agreement to combine with Hornbeck Offshore Services
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.
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
Helix Energy Solutions reported a first quarter 2026 net loss of $13.4 million, or $(0.09) per diluted share, compared with net income of $3.1 million, or $0.02 per share, a year earlier, while revenue rose to $287.9 million from $278.1 million. Adjusted EBITDA fell to $32.3 million from $52.0 million, though free cash flow was $59.0 million versus $12.0 million and cash reached $501.3 million, which the company said gives it room for opportunities.
Net loss of $13.4 million, or $(0.09) per diluted share, versus net income of $3.1 million, or $0.02, in Q1 2025
Revenue of $287.9 million, up from $278.1 million in Q1 2025 but down from $334.2 million in Q4 2025
Adjusted EBITDA of $32.3 million versus $52.0 million in Q1 2025; free cash flow of $59.0 million versus $12.0 million
Cash and cash equivalents of $501.3 million at March 31, 2026; the company said it expects momentum to build in the second half of 2026
Helix Energy Solutions Group reported fourth-quarter 2025 revenue of $334.2 million and net income of $8.3 million, or $0.06 per diluted share, both down from a year earlier. The quarter included an approximately $18.1 million non-cash impairment on the Thunder Hawk field, and full-year 2025 net income fell to $30.8 million from $55.6 million. The company ended 2025 with $445.2 million in cash and cash equivalents, but the filing gives no earnings guidance for 2026 and management expects the near-term market to continue at its current pace.
Q4 2025 revenue was $334.2 million, down from $355.1 million in Q4 2024 and $377.0 million in Q3 2025.
Q4 2025 net income was $8.3 million, or $0.06 per diluted share, versus $20.1 million, or $0.13, a year earlier, after an approximately $18.1 million pre-tax impairment.
Full-year 2025 net income was $30.8 million, or $0.21 per diluted share, versus $55.6 million, or $0.36, in 2024.
Full-year 2025 free cash flow was $120.4 million versus $163.2 million in 2024; cash and cash equivalents were $445.2 million at December 31, 2025.
Helix Energy Solutions Group, OneSubsea and Schlumberger entities signed Amendment No. 2 on February 12, 2026, extending their Strategic Alliance Agreement by nine months, from January 5, 2026 to October 5, 2026. The alliance covers the joint design, manufacture, marketing and sale of integrated subsea well intervention equipment and services. The filing does not disclose financial terms, so its effect on Helix's results is not stated.
Amendment No. 2 was signed February 12, 2026, and extends the alliance term to October 5, 2026.
The original Strategic Alliance Agreement was entered into January 5, 2015, with a ten-year term.
The alliance was previously extended to January 5, 2026.
The full amendment is filed as Exhibit 10.1 to the 8-K.
Briefs filed under another ticker of the same company: HOS.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Helix Energy Solutions Group filing is on SEC EDGAR ↗. 8-K briefs of other companies →