Helix-Hornbeck Merger Closes; Combined Company to Trade as HOS on NYSE
HLX sits 73% above its 52-week low of $6.025.
Summary
Helix Energy Solutions and Hornbeck Offshore Services completed their all-stock merger, creating a premier integrated offshore services company. The combined entity will trade on the NYSE under ticker HOS starting September 2, 2026, while HLX ceases trading at the close on September 1. Todd Hornbeck becomes President and CEO, with William Transier as Chairman. The merger follows shareholder approval on August 31 and combines Hornbeck's marine expertise with Helix's subsea robotics and well intervention capabilities. The new company gains scale across deepwater oilfield, defense, and renewables markets. Integration execution and synergy realization will be key focus areas for investors.
At the time of this announcement, HLX was trading at $10.45 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $6.03 to $10.75. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: PR Newswire.