Helix Energy Solutions Group stock gains 2.91 percent after merger

Published on 09/25/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Helix Energy Solutions Group stock reported Q2 net income of USD 22.7 million for the period ended June 30, 2026. The merged group has 85 vessels and a USD 14.00 analyst target.

HLX, US42330P1049, Illustration mit AI erstellt.

Helix Energy Solutions Group stock (ISIN US42330P1049) was trading at USD 10.60 on the NYSE on September 1, 2026, up 2.91 percent from the prior close of USD 10.30. The company completed its combination with Hornbeck Offshore Services on the same date, creating a larger offshore services group.

Q2 profit reverses the loss

Helix delivered net income of USD 22.7 million, or USD 0.15 per diluted share, in Q2 2026, compared with a net loss of USD 13.4 million, or USD 0.09 per diluted share, in Q1 2026, according to Business Wire.

Adjusted EBITDA also increased to USD 69.9 million in Q2 from USD 32.3 million in Q1, a USD 37.6 million quarterly improvement. The move from a loss to a profit and the higher EBITDA provide the clearest numerical contrast in Helix's 2026 operating trend.

Merger expands the offshore platform

The completed transaction created an integrated offshore services company with 85 vessels, 41 work-class remotely operated vehicles and six subsea trenching systems, as TipRanks reported on September 1, 2026.

The new group also carries USD 1.9 billion in pro forma last-twelve-month revenue and three operating segments covering marine transportation, subsea services and well intervention. Helix shareholders hold 45 percent of the combined company, while Hornbeck securityholders hold 55 percent, according to Business Wire.

Target remains above the market quote

TipRanks lists a Buy rating and a USD 14.00 price target for HLX. That target lies 32.08 percent above the USD 10.60 market quote, leaving the analyst view materially higher than the dated reference price.

At USD 10.60 on September 1, 2026, the stock stood 1.40 percent below its 52-week high of USD 10.75 and 73.49 percent above its 52-week low of USD 6.11. Market capitalization was USD 1,561,411,450 and trading volume was 3,861,889 shares on that date.

HLX trades near its yearly high

Helix Energy Solutions Group stock was trading at USD 10.60 on the NYSE on September 1, 2026. The dated quote places the shares near the USD 10.75 52-week high while the merger changes the company's fleet scale and ownership structure.