#United States #Houston #Merger Announcement #Helix Energy #Hornbeck Offshore

Introduction

On September 1, 2026, Hornbeck Offshore Services, Inc. and Helix Energy Solutions Group, Inc. announced the successful completion of their merger, forging a combined entity poised to redefine offshore services globally. This pivotal move comes as both companies agreed to an all-stock transaction, now seeing the newly integrated company operate under the Hornbeck Offshore Services name.

Merger Overview

With the merger finalized, the company will commence trading on the New York Stock Exchange (NYSE) with the ticker symbol "HOS" starting September 2, 2026. This marks a significant transition as Helix's former ticker "HLX" ceases trading with the closing of the market on the merger day. Todd M. Hornbeck steps into a significant leadership role as President and CEO, guiding the newly formed organization alongside William L. Transier, who assumes the Chairman position on the board.

Executive Leadership Team

Alongside the leadership appointments, the merger has brought together a robust executive team comprising individuals with extensive industry experience:

• - R. Potter Adams as Executive Vice President and Chief Financial Officer;
• - Scott "Scotty" A. Sparks as Executive Vice President and Chief Operating Officer – Subsea Services and Well Intervention;
• - Ben D. Todd as Executive Vice President and Chief Operating Officer – Marine Transportation and Specialty;
• - Samuel A. Giberga as Executive Vice President, General Counsel and Secretary;
• - Brian M. Cook as Executive Vice President and Chief Accounting Officer;
• - Priscilla B. Heistad as Executive Vice President and Chief Human Resources Officer;
• - Daniel M. Stuart as Executive Vice President and Chief Commercial Officer;
• - Carl G. Annessa as Executive Vice President – Defense / Emerging Technologies;
• - Michael J. Nicaud as Senior Vice President, Associate General Counsel and Chief Compliance Officer.

Remarks from Leadership

Todd M. Hornbeck expressed his enthusiasm about the merger, emphasizing the advantages of joining Hornbeck's renowned marine capabilities with Helix's advanced robotics and well intervention technologies. He stated, "Today marks the beginning of an exciting new chapter for our company, our employees, our customers and our shareholders... Together, we are building a stronger, more diversified company."

William L. Transier shared similar sentiments, underscoring that this merger creates a unique foundation for sustainable growth and substantial value generation for all stakeholders. He noted, "This merger positions the company to generate sustainable growth and to create significant value for all stakeholders."

Future Outlook

This merger is anticipated to create a worldwide powerhouse in offshore services, uniting the strengths of both companies in marine and subsea solutions for customers across diverse sectors, including deepwater oil, defense, and renewable energy industries. By pooling resources and expertise, the new entity aims to deliver integrated solutions which enhance operational efficiencies and foster innovation.

Conclusion

With this merger, Hornbeck Offshore Services is stepping into an exciting future poised to leverage its combined assets in enhancing service delivery and market competitiveness. As both companies integrate their operations and align strategies, stakeholders can look forward to significant advancements in the offshore services sector. The leadership's commitment ensures not only the continuity of excellent service but also a robust approach to future opportunities in the expanding global marketplace.