Helix and Hornbeck Complete Merger to Form Integrated Offshore Services Leader

HOUSTON and COVINGTON, La., Sept. 1, 2026 /PRNewswire/ -- Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) and Hornbeck Offshore Services, Inc. ("Hornbeck") today announced they have completed the previously announced combination in an all-stock transaction, establishing a premier integrated offshore services company.

The combined company has assumed the Hornbeck Offshore Services, Inc. name and will begin trading on the New York Stock Exchange on September 2, 2026, under the ticker symbol "HOS." Helix's common stock will cease trading on the New York Stock Exchange under the ticker symbol "HLX" at the close of trading on September 1, 2026.

As previously announced, Todd M. Hornbeck has assumed the role of President, Chief Executive Officer and Director of the combined company, and William L. Transier has assumed the role of Chairman of the combined company's Board of Directors. In addition, the combined company has appointed the following individuals to the executive leadership team:

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

"Today marks the beginning of an exciting new chapter for our company, our employees, our customers and our shareholders," said Todd M. Hornbeck, President and CEO of Hornbeck Offshore Services, Inc. "By bringing together Hornbeck's industry-leading marine expertise with Helix's differentiated robotics, well intervention and subsea capabilities, we have created a global offshore services leader, providing innovative and integrated solutions to our customers across the deepwater oilfield, defense and renewables industries. I want to thank the employees of both organizations for their professionalism and commitment throughout this process. Together, we are building a stronger, more diversified company with the scale, capabilities and financial strength to capitalize on opportunities across our offshore markets while delivering long-term value for our shareholders."

"The closing of this transaction represents the successful culmination of a shared vision to create a market-leading offshore services company with unique capabilities and strategic flexibility," said William L. Transier, Chairman of the Board of Hornbeck Offshore Services, Inc. "The merger brings together two highly complementary organizations with strong cultures, exceptional people and deep customer relationships. On behalf of the Board, I am grateful to our shareholders for their support and confidence. We believe this merger positions the company to generate sustainable growth and to create significant value for all stakeholders."

Advisors

Goldman Sachs & Co. LLC served as financial advisor to Helix, and Veriten LLC served as an independent strategic advisor. Baker Botts L.L.P. served as legal counsel to Helix, and Joele Frank, Wilkinson Brimmer Katcher served as its strategic communications advisor.

Barclays, Piper Sandler & Co. and J.P. Morgan acted as financial advisors to Hornbeck. Kirkland & Ellis LLP and Jones Walker LLP served as its legal counsel.

About Hornbeck Offshore Services

Hornbeck Offshore Services, Inc. is a global offshore services leader, providing innovative and integrated marine and subsea solutions to customers across the deepwater oilfield, defense and renewables industries.