The story
Founded by Larry Hornbeck and Todd M. Hornbeck on Jun 1997.1
HOS on NYSE

Logo: hornbeckoffshore.com5
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 It was founded by Todd M. Hornbeck and Larry Hornbeck.1 Its chief executive is Todd M. Hornbeck (since 2002).1 Its shares trade on NYSE under the symbol HOS.1 Wikipedia text CC BY-SA 4.0
Price unavailable
Last updated Oct 21, 2026.
Compare with Tidewater, TEEKAY TANKERS LTD. or International Seaways, Inc., or pick any stock.
See how the biggest companies compare on our leaderboards
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
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue by product, business segment and region, as the company reports it to the SEC.
Decommissioning brought in 55% of the revenue Hornbeck Offshore Services broke down this way in fiscal 2025.
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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 |
Reportable Segment, Aggregation before Other Operating brought in 51% of the revenue Hornbeck Offshore Services broke down this way in fiscal 2025.
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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 |
United States brought in 33% of the revenue Hornbeck Offshore Services broke down this way in fiscal 2025.
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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 |
Out of $1.3B in revenue.7
Out of $136.7M of cash from operations.7
Every line of the income statement as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| 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 shares | 152.0M shares | 150.9M shares |
| Diluted (in shares) | 148.5M shares | 154.7M shares | 150.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $445.2M | $368.0M | ||
| Accounts receivable, net of allowance for credit losses of $3,529 and $3,682, respectively | $303.9M | $258.6M | ||
| Other current assets | $75.9M | $83.0M | ||
| Total current assets | $825.0M | $709.7M | ||
| Property and equipment | $3.2B | $3.1B | ||
| Less accumulated depreciation | -$1.8B | -$1.6B | ||
| Property and equipment, net | $1.4B | $1.4B | ||
| Operating lease right-of-use assets | $302.6M | $329.6M | ||
| Deferred certification and dry dock costs, net | $74.4M | $71.7M | ||
| Other assets, net | $51.4M | $48.2M | ||
| Total assets | $2.6B | $2.6B | ||
| Accounts payable | $134.3M | $144.8M | ||
| Accrued liabilities | $95.0M | $90.5M | ||
| Current maturities of long-term debt | $9.6M | $9.2M | ||
| Current operating lease liabilities | $60.8M | $60.0M | ||
| Total current liabilities | $299.7M | $304.4M | ||
| Long-term debt | $298.4M | $306.0M | ||
| Operating lease liabilities | $261.0M | $286.0M | ||
| Deferred tax liabilities | $105.6M | $114.0M | ||
| Other non-current liabilities | $71.4M | $67.0M | ||
| Total liabilities | $1.0B | $1.1B | ||
| Common stock, no par, 240,000 shares authorized, 147,186 and 150,243 shares issued, respectively | $1.2B | $1.3B | ||
| Retained earnings | $398.9M | $368.1M | ||
| Accumulated other comprehensive loss | -$37.5M | -$100.6M | ||
| Total shareholders' equity | $1.6B | $1.5B | $1.5B | $1.5B |
| Total liabilities and shareholders' equity | $2.6B | $2.6B | ||
| Allowance for credit losses | $3.5M | $3.7M | $3.4M | $2.3M |
| Common stock, par value (USD per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized | 240.0M shares | 240.0M shares | ||
| Common stock, shares issued | 147.2M shares | 150.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $445.2M | $368.0M | ||
| Accounts receivable, net of allowance for credit losses of $3,529 and $3,682, respectively | $303.9M | $258.6M | ||
| Other current assets | $75.9M | $83.0M | ||
| Total current assets | $825.0M | $709.7M | ||
| Property and equipment | $3.2B | $3.1B | ||
| Less accumulated depreciation | -$1.8B | -$1.6B | ||
| Property and equipment, net | $1.4B | $1.4B | ||
| Operating lease right-of-use assets | $302.6M | $329.6M | ||
| Deferred certification and dry dock costs, net | $74.4M | $71.7M | ||
| Other assets, net | $51.4M | $48.2M | ||
| Total assets | $2.6B | $2.6B | ||
| Accounts payable | $134.3M | $144.8M | ||
| Accrued liabilities | $95.0M | $90.5M | ||
| Current maturities of long-term debt | $9.6M | $9.2M | ||
| Current operating lease liabilities | $60.8M | $60.0M | ||
| Total current liabilities | $299.7M | $304.4M | ||
| Long-term debt | $298.4M | $306.0M | ||
| Operating lease liabilities | $261.0M | $286.0M | ||
| Deferred tax liabilities | $105.6M | $114.0M | ||
| Other non-current liabilities | $71.4M | $67.0M | ||
| Total liabilities | $1.0B | $1.1B | ||
| Common stock, no par, 240,000 shares authorized, 147,186 and 150,243 shares issued, respectively | $1.2B | $1.3B | ||
| Retained earnings | $398.9M | $368.1M | ||
| Accumulated other comprehensive loss | -$37.5M | -$100.6M | ||
| Total shareholders' equity | $1.6B | $1.5B | $1.5B | $1.5B |
| Total liabilities and shareholders' equity | $2.6B | $2.6B | ||
| Allowance for credit losses | $3.5M | $3.7M | $3.4M | $2.3M |
| Common stock, par value (USD per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized | 240.0M shares | 240.0M shares | ||
| Common stock, shares issued | 147.2M shares | 150.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $30.8M | $55.6M | -$10.8M |
| Depreciation and amortization, excluding amortization of deferred certification and dry dock costs | $134.5M | $137.2M | $138.4M |
| Amortization of deferred certification and dry dock costs | $52.8M | $36.1M | $25.7M |
| Long-lived asset impairment | $18.1M | ||
| Deferred certification and dry dock costs | -$52.0M | -$35.4M | -$62.5M |
| Payment of earnout consideration | -$58.3M | ||
| Change in fair value of contingent consideration | $42.2M | ||
| Amortization of debt discount | $240.0K | $218.0K | $17.0K |
| Amortization of debt issuance costs | $2.1M | $2.1M | $2.5M |
| Share-based compensation | $6.6M | $7.3M | $6.5M |
| Deferred income taxes | -$8.1M | $10.6M | $11.5M |
| (Gain) loss on disposition of assets, net | $479.0K | -$367.0K | |
| Losses related to convertible senior notes | $20.9M | $37.3M | |
| Unrealized foreign currency losses | $374.0K | $623.0K | $8.3M |
| Accounts receivable, net | -$37.5M | $13.7M | -$64.5M |
| Other current assets | $16.6M | $1.1M | -$22.6M |
| Income tax receivable, net of income tax payable | -$9.5M | $1.9M | -$418.0K |
| Accounts payable and accrued liabilities | -$18.4M | -$9.2M | $32.0M |
| Other, net | $153.0K | $905.0K | $9.2M |
| Net cash provided by operating activities | $136.7M | $186.0M | $152.5M |
| Capital expenditures | -$16.3M | -$23.3M | -$19.6M |
| Proceeds from sale of assets | $100.0K | $365.0K | |
| Proceeds from insurance recoveries | $363.0K | $564.0K | |
| Net cash used in investing activities | -$16.3M | -$22.8M | -$18.7M |
| Proceeds from senior notes, net of discount | $298.6M | ||
| Payments related to convertible senior notes | -$60.7M | -$261.1M | |
| Repayment of MARAD Debt | -$9.2M | -$8.7M | -$8.3M |
| Proceeds from settlement of capped calls | $4.4M | $15.6M | |
| Debt issuance costs | -$1.5M | -$6.8M | |
| Repurchases of common stock | -$30.2M | -$29.6M | -$12.0M |
| Payments related to tax withholding for share-based compensation | -$7.4M | -$4.2M | -$1.8M |
| Proceeds from issuance of ESPP shares | $1.7M | $1.9M | $982.0K |
| Payment of earnout consideration | -$26.7M | ||
| Net cash provided by (used in) financing activities | -$45.1M | -$125.3M | $25.1M |
| Effect of exchange rate changes on cash and cash equivalents | $1.8M | -$2.0M | -$15.8M |
| Net increase in cash and cash equivalents | $77.2M | $35.8M | $143.1M |
No quarter-by-quarter statement was filed.
Hornbeck Offshore Services sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Hornbeck Offshore Services
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
Founded by Larry Hornbeck and Todd M. Hornbeck on Jun 1997.1
Who has led Hornbeck Offshore Services, and when. Pick a name to see everywhere that person has worked.
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
346 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 65 major events, 174 insider forms, 21 large holders, 66 other. The latest 20:
The 346 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Owen KratzPresident and Chief Executive Officer | 71 | $800.0K | $5.1M85 |
| 2025 | Erik StaffeldtExecutive Vice President and Chief Financial Officer | 54 | $460.0K | $2.2M85 |
| 2025 | Scotty SparksExecutive Vice President and Chief Operating Officer | 52 | $460.0K | $2.1M85 |
| 2025 | Ken NeikirkExecutive Vice President, General Counsel and Corporate Secretary | 51 | $420.0K | $1.6M85 |
| 2024 | Owen KratzPresident and Chief Executive Officer | 71 | $800.0K | $5.7M85 |
| 2024 | Scotty SparksExecutive Vice President and Chief Operating Officer | 52 | $460.0K | $2.3M85 |
| 2024 | Erik StaffeldtExecutive Vice President and Chief Financial Officer | 54 | $440.0K | $2.2M85 |
| 2024 | Ken NeikirkExecutive Vice President, General Counsel and Corporate Secretary | 51 | $400.0K | $1.8M85 |
| 2023 | Owen KratzPresident and Chief Executive Officer | 71 | $800.0K | $7.0M85 |
| 2023 | Scotty SparksExecutive Vice President and Chief Operating Officer | 52 | $460.0K | $2.8M85 |
| 2023 | Erik StaffeldtExecutive Vice President and Chief Financial Officer | 54 | $440.0K | $2.7M85 |
| 2023 | Ken NeikirkExecutive Vice President, General Counsel and Corporate Secretary | 51 | $400.0K | $2.2M85 |
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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 22,731,079 | $198.7M | 0.0% | +573,340 |
| Dimensional Fund Advisors LP | 9,091,008 | $79.5M | 0.0% | +131,202 |
| State Street Corp | 7,175,792 | $62.7M | 0.0% | +466,289 |
| Invesco Ltd. | 7,035,334 | $61.5M | 0.0% | +375,206 |
| Vanguard Portfolio Management LLC | 6,416,761 | $56.1M | 0.0% | +182,000 |
| Vanguard Capital Management LLC | 6,178,407 | $54.0M | 0.0% | +133,712 |
| American Century Companies Inc | 5,448,574 | $47.6M | 0.0% | +251,014 |
| Principal Financial Group Inc | 4,319,229 | $37.8M | 0.0% | −276,704 |
| Goldman Sachs Group Inc | 3,666,005 | $32.0M | 0.0% | +1,577,127 |
| Geode Capital Management, LLC | 3,556,137 | $31.1M | 0.0% | +197,240 |
| Wellington Management Group Llp | 3,408,554 | $29.8M | 0.0% | −523,989 |
| Systematic Financial Management LP | 3,188,798 | $27.9M | 0.6% | +230,254 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 3,005,018 | $26.3M | 0.0% | −17,390 |
| Van Eck Associates Corp | 2,725,573 | $23.8M | 0.0% | −149,948 |
| Boston Partners | 2,486,953 | $22.1M | 0.0% | −463,793 |
| Charles Schwab Investment Management Inc | 2,483,807 | $21.7M | 0.0% | −110,163 |
| Morgan Stanley | 2,100,464 | $18.4M | 0.0% | +109,205 |
| Prudential Financial Inc | 2,088,884 | $18.3M | 0.0% | +1,767,050 |
| Northern Trust Corp | 1,783,081 | $15.6M | 0.0% | +97,984 |
| Qube Research & Technologies Ltd | 1,413,717 | $12.4M | 0.0% | +419,645 |
| Panagora Asset Management Inc | 1,237,686 | $10.8M | 0.0% | −36,816 |
| Arrowstreet Capital, Limited Partnership | 1,139,215 | $10.0M | 0.0% | +561,236 |
| Bridgeway Capital Management, LLC | 1,058,726 | $9.3M | 0.2% | +174,940 |
| Two Sigma Investments, LP | 1,035,449 | $9.0M | 0.0% | +727,106 |
| Hotchkis & Wiley Capital Management LLC | 1,005,593 | $8.8M | 0.0% | +111,470 |
13F reports cover disclosed long positions in U.S. stocks only.
How Hornbeck Offshore Services is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
8-A12G/A (1), DEFA14A (1), S-3 (1), S-3/A (1), SC 13D (1)
The numbers on this page point here. Each one links to the record it came from.