HELIX ENERGY SOLUTIONS GROUP INC

HELIX ENERGY SOLUTIONS GROUP INC announced a definitive merger agreement with Hornbeck Offshore Services, Inc., where Helix securityholders will own approximately 45% of the combined entity, expected to close by September 1, 2026. Concurrently, the company completed the divestment of Helix Alliance for an estimated $104.2 million, resulting in a $16.1 million pre-tax gain. For the second quarter of 2026, Helix reported a net income of $22.7 million on net revenues of $304.0 million, a significant improvement from a net loss in the prior year.

Helix Energy Solutions Group, Inc. reported strong second quarter 2026 financial results, with net income of $22.7 million and Adjusted EBITDA of $69.9 million. The company also announced significant progress on its merger with Hornbeck Offshore Services, Inc., which is expected to close on September 1, 2026, following shareholder approval. Helix also completed the sale of Helix Alliance for $107.5 million, contributing to a robust cash position of $652.2 million. Due to the pending merger, the company has withdrawn its annual guidance and will not host a conference call.

Helix Energy Solutions Group Inc. announced that the U.S. Federal Trade Commission granted early termination of the 30-day waiting period under the Hart-Scott-Rodino Act for its proposed merger with Hornbeck Offshore Services, Inc. This clearance, received on June 11, 2026, is a key step towards completing the transaction. The merger, previously disclosed on April 22, 2026, is still subject to approval by Helix shareholders, other regulatory approvals, and customary closing conditions, with an expected close in the second half of 2026.

Helix Energy Solutions Group, Inc. held its Annual Meeting of Shareholders on May 13, 2026, where three proposals were voted upon. Shareholders elected Paula Harris, Amy H. Nelson, and William L. Transier as Class III directors to serve three-year terms. Additionally, the selection of KPMG LLP as the independent registered public accounting firm for 2026 was ratified, and the 2025 compensation of named executive officers was approved on an advisory basis.

Helix Energy Solutions Group, Inc. announced the sale of its Gulf of America-focused Shallow Water Abandonment business to C-Dive, L.L.C. for $107.5 million in cash. This divestiture, which closed on May 1, 2026, is part of Helix's strategy to focus on deepwater operations and aligns with its previously announced definitive agreement to combine with Hornbeck Offshore Services, Inc.

Helix Energy Solutions Group Inc. filed its Form 10-Q for the first quarter ended March 31, 2026. The quarterly report includes the company's unaudited condensed consolidated financial statements, covering the period. As of April 20, 2026, the company reported 147,296,092 shares of common stock outstanding.

Helix Energy Solutions Group, Inc. and Hornbeck Offshore Services, Inc. announced the execution of a definitive Agreement and Plan of Merger. The transaction, dated April 22, 2026, involves a two-step merger process where Hornbeck Offshore will become a subsidiary of Helix. This strategic combination aims to integrate the operations of both companies. A joint press release and an investor presentation detailing the merger were made available to the public.

Helix Energy Solutions Group, Inc. announced its financial results for the first quarter of 2026. The company issued a press release on April 22, 2026, detailing these results. Additionally, Helix will host a presentation for analysts and investors on April 23, 2026, to discuss its financial and operating performance.