HOS on NYSE

Hornbeck Offshore Services

Logo: hornbeckoffshore.com4

American oil exploration logistics company

Hornbeck Offshore Services, sometimes shortened to Hornbeck Offshore, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, and select international markets. The company is a provider of marine services to exploration and production, oilfield service, offshore construction and military customers.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

Jun 1997Founded1

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  • TickerHOS on NYSE1
  • IndustryWater Transportation1
  • HeadquartersCovington1
  • Websitehornbeckoffshore.com
  • Legal formDelaware corporation1

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Hornbeck Offshore Services, sometimes shortened to Hornbeck Offshore, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, and select international markets. The company is a provider of marine services to exploration and production, oilfield service, offshore construction and military customers. Its upstream segment owns and operates fleets of United States flagged, new generation OSVs and United States-owned fleets of DP-2 and DP-3 MPSVs.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.3%Gross margin5
5.0%Operating margin5
2.4%Net margin5
-4.9%Revenue growth, 20255
2.0%Return on equity5
0.19×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Decommissioning brought in 55% of the revenue Hornbeck Offshore Services broke down this way in fiscal 2025.

  1. Decommissioning$715.1M555%up 20% from 2024
  2. Production Maximization$391.3M530%down 34% from 2024
  3. Renewables$157.3M512%up 3% from 2024
  4. Service, Other$27.8M52%up 88% from 2024
Products and services by year
Products and services202320242025
Decommissioning$748.6M$598.0M$715.1M
Production Maximization$416.2M$593.5M$391.3M
Renewables$99.9M$152.3M$157.3M
Service, Other$25.0M$14.8M$27.8M

Business segments

Reportable Segment, Aggregation before Other Operating brought in 51% of the revenue Hornbeck Offshore Services broke down this way in fiscal 2025.

  1. Reportable Segment, Aggregation before Other Operating$1.3B551%down 6% from 2024
  2. Well Intervention$729.4M528%down 12% from 2024
  3. Robotics$289.8M511%up 12% from 2024
  4. Shallow Water Abandonment$199.6M58%up 7% from 2024
  5. Production Facilities$72.7M53%down 18% from 2024
Business segments by year
Business segments202320242025
Reportable Segment, Aggregation before Other Operating$1.3B$1.4B$1.3B
Well Intervention$707.7M$829.9M$729.4M
Robotics$222.6M$259.6M$289.8M
Shallow Water Abandonment$275.0M$187.0M$199.6M
Production Facilities$87.9M$88.7M$72.7M

Regions

United States brought in 33% of the revenue Hornbeck Offshore Services broke down this way in fiscal 2025.

  1. United States$494.5M533%down 9% from 2024
  2. Brazil$354.5M524%up 91% from 2024
  3. North Sea$272.3M518%up 9% from 2024
  4. United Kingdom$194.3M513%up 7% from 2024
  5. Africa$95.5M56%up 33% from 2024
  6. Asia Pacific$68.4M55%down 69% from 2024
Regions by year
Regions202320242025
United States$644.8M$542.9M$494.5M
Brazil$177.1M$185.5M$354.5M
North Sea$274.7M$250.0M$272.3M
United Kingdom$236.2M$181.8M$194.3M
Africa$8.4M$72.0M$95.5M
Asia Pacific$164.0M$222.1M$68.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue88¢$1.1B
  • Selling, general and admin6¢$75.9M
  • Other costs3¢$40.7M
  • Income tax1¢$11.7M
  • Profit2¢$30.8M

Out of $1.3B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$136.7M

Out of $136.7M of cash from operations.5

Financial statements

Revenue67895$1.3B in 2025+72% since 2019
0$500.0M$1.0B$1.5B2019: $751.9M$751.9M20192020: $733.6M$733.6M2020−2%2021: $674.7M$674.7M2021−8%2022: $873.1M$873.1M2022+29%2023: $1.3B$1.3B2023+48%2024: $1.4B$1.4B2024+5%2025: $1.3B$1.3B2025−5%
Gross profit67895$159.1M in 2025+15% since 2019
0$100.0M$200.0M$300.0M2019: $137.8M$137.8M20192020: $79.9M$79.9M2020−42%2021: $15.4M$15.4M2021−81%2022: $50.6M$50.6M2022+229%2023: $200.4M$200.4M2023+296%2024: $219.6M$219.6M2024+10%2025: $159.1M$159.1M2025−28%
Operating income67895$65.1M in 2025−4% since 2019
-$50.0M0$50.0M$100.0M$150.0M2019: $68.0M$68.0M20192020: $13.0M$13.0M2020−81%2021: -$48.7M-$48.7M20212022: -$44.9M-$44.9M2022−8%2023: $63.5M$63.5M20232024: $127.4M$127.4M2024+101%2025: $65.1M$65.1M2025−49%
Net income67895$30.8M in 2025−47% since 2019
-$100.0M-$50.0M0$50.0M$100.0M2019: $57.9M$57.9M20192020: $22.2M$22.2M2020−62%2021: -$61.5M-$61.5M20212022: -$87.8M-$87.8M2022+43%2023: -$10.8M-$10.8M2023−88%2024: $55.6M$55.6M20242025: $30.8M$30.8M2025−45%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Net revenues$1.3B$1.4B$1.3B
Cost of sales$1.1B$1.1B$1.1B
Gross profit$159.1M$219.6M$200.4M
Gain (loss) on disposition of assets, net-$479.0K$367.0K
Long-lived asset impairment-$18.1M
Acquisition and integration costs-$540.0K
Change in fair value of contingent consideration-$42.2M
Selling, general and administrative expenses-$75.9M-$91.7M-$94.4M
Income from operations$65.1M$127.4M$63.5M
Net interest expense-$22.8M-$22.6M-$17.3M
Losses related to convertible senior notes-$20.9M-$37.3M
Other expense, net-$1.4M-$3.9M-$3.6M
Royalty income and other$1.5M$2.1M$2.2M
Income before income taxes$42.5M$82.1M$7.5M
Income tax provision$11.7M$26.4M$18.4M
Net income (loss)$30.8M$55.6M-$10.8M
Basic (in dollars per share)$0.21$0.37-$0.07
Diluted (in dollars per share)$0.21$0.36-$0.07
Basic (in shares)148.3M shares152.0M shares150.9M shares
Diluted (in shares)148.5M shares154.7M shares150.9M shares

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The story

Founded by Larry Hornbeck and Todd M. Hornbeck on Jun 1997.1

Leadership

Who has led Hornbeck Offshore Services, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Todd M. Hornbeck2002–2006
  2. Owen E. Kratz2006–2007
  3. Martin R. Ferron2007–2008

Chair

  1. Todd M. Hornbeck2005–2006
  2. Owen E. Kratz2006–2008

President

  1. Martin R. Ferron2006–2008
  2. Owen E. Kratz2008–now

Chief financial officer

  1. A. Wade Pursell2006–2008
  2. Anthony Tripodo2008–2017
  3. Erik Staffeldt2018–now

Chief operating officer

  1. Bart H. Heijermans2006–2011
  2. Clifford Chamblee V.2014–2015
  3. Scott Andrew Sparks2017–now
200020052010201520202025
Board members and other officers (35)

Timeline

  1. Jan 3, 2007New chief executive Martin R. Ferron becomes CEO13
  2. Jan 3, 2006New chief executive Owen E. Kratz becomes CEO14
  3. 2004Went public Listed on NYSE1
  4. Feb 2002New chief executive Todd M. Hornbeck becomes CEO1
  5. Jun 1997Founded Founded1

Filings

345 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 65 major events, 174 insider forms, 20 large holders, 66 other. The latest 20:

  1. Sep 25, 2026144 EDGAR
  2. Sep 15, 2026144 EDGAR
  3. Sep 15, 2026S-3ASR EDGAR
  4. Sep 11, 20263 EDGAR
  5. Sep 9, 2026144 EDGAR
  6. Sep 9, 20263 OWNERSHIP DOCUMENT EDGAR
  7. Sep 9, 20263 OWNERSHIP DOCUMENT EDGAR
  8. Sep 9, 20263 OWNERSHIP DOCUMENT EDGAR
  9. Sep 9, 20263 OWNERSHIP DOCUMENT EDGAR
  10. Sep 9, 2026SCHEDULE 13D EDGAR
  11. Sep 9, 2026SCHEDULE 13G EDGAR
  12. Sep 9, 2026SCHEDULE 13G EDGAR
  13. Sep 8, 2026144 EDGAR
  14. Sep 8, 20268-K/A EDGAR
  15. Sep 4, 2026S-8 EDGAR
  16. Sep 4, 20264 EDGAR
  17. Sep 4, 20264 EDGAR
  18. Sep 4, 20264 EDGAR
  19. Sep 4, 20264 EDGAR
  20. Sep 4, 20264 EDGAR

The 345 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 20 such filings since October 2021, the latest 10:

  1. Sep 9, 2026SCHEDULE 13D
  2. Sep 9, 2026SCHEDULE 13G
  3. Sep 9, 2026SCHEDULE 13G
  4. Mar 27, 2026SCHEDULE 13G/A
  5. Oct 9, 2025SCHEDULE 13G/A
  6. Nov 8, 2024SC 13G/A
  7. Oct 18, 2024SC 13G/A
  8. Feb 13, 2024SC 13G/A
  9. Feb 9, 2024SC 13G/A
  10. Jan 19, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.22,731,079$198.7M0.0%+573,340
Dimensional Fund Advisors LP9,091,008$79.5M0.0%+131,202
State Street Corp7,175,792$62.7M0.0%+466,289
Invesco Ltd.7,035,334$61.5M0.0%+375,206
Vanguard Portfolio Management LLC6,416,761$56.1M0.0%+182,000
Vanguard Capital Management LLC6,178,407$54.0M0.0%+133,712
American Century Companies Inc5,448,574$47.6M0.0%+251,014
Principal Financial Group Inc4,319,229$37.8M0.0%−276,704
Goldman Sachs Group Inc3,666,005$32.0M0.0%+1,577,127
Geode Capital Management, LLC3,556,137$31.1M0.0%+197,240
Wellington Management Group Llp3,408,554$29.8M0.0%−523,989
Systematic Financial Management LP3,188,798$27.9M0.6%+230,254
BNP PARIBAS ASSET MANAGEMENT Holding S.A.3,005,018$26.3M0.0%−17,390
Van Eck Associates Corp2,725,573$23.8M0.0%−149,948
Boston Partners2,486,953$22.1M0.0%−463,793
Charles Schwab Investment Management Inc2,483,807$21.7M0.0%−110,163
Morgan Stanley2,100,464$18.4M0.0%+109,205
Prudential Financial Inc2,088,884$18.3M0.0%+1,767,050
Northern Trust Corp1,783,081$15.6M0.0%+97,984
Qube Research & Technologies Ltd1,413,717$12.4M0.0%+419,645
Panagora Asset Management Inc1,237,686$10.8M0.0%−36,816
Arrowstreet Capital, Limited Partnership1,139,215$10.0M0.0%+561,236
Bridgeway Capital Management, LLC1,058,726$9.3M0.2%+174,940
Two Sigma Investments, LP1,035,449$9.0M0.0%+727,106
Hotchkis & Wiley Capital Management LLC1,005,593$8.8M0.0%+111,470

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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