EarningsQ2 2026 Earnings Report
CH:CTV Q2 2026 EPS Results
Actual EPSCHF0.08
Consensus EPSCHF0.06
Beat/MissBeat by +CHF0.02
One Year Ago EPS-CHF0.02
CH:CTV Q2 2026 Revenue Results
Actual RevenueCHF251.63M
Expected RevenueCHF260.36M
Beat/MissMissed by -CHF8.73M
YoY Revenue Growth+0.57%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
CH:CTV Upcoming Earnings
Hornbeck Offshore Services's next earnings date is estimated for February 22, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced near-term operational headwinds (seasonal softness, a Q1 net loss and one-time costs) with multiple strategic positives: strong liquidity, maintained full-year guidance, a meaningful backlog (~$2 billion combined), operational wins (Thunder Hawk restart, Seawell reactivation), and a transformational all-stock merger that materially scales the business (combined revenue +56%, EBITDA +106%) and targets $75M+ in synergies within three years. While integration and leverage will need careful management and there is some short-term margin pressure, the scale, cross-selling potential, asset optionality (23 vessels for reactivation, 2 MPSVs) and cash generation prospects lead the call to be viewed favorably overall.Company Guidance
Quarterly Financials — Revenue and Profitability
Q1 FY26 revenue of $288 million; gross profit $9 million (gross margin ~3.1%); adjusted EBITDA $32 million (adjusted EBITDA margin ~11.1%); operating cash flow $62 million; free cash flow for the quarter $9 million.
Strong Cash Position and Liquidity
Helix ended the quarter with $501 million of cash and $612 million of total liquidity, providing a strong liquidity buffer to support operations and the announced transaction.
Full-Year 2026 Guidance Maintained
2026 guidance maintained: revenue $1.2 billion–$1.4 billion (in line with 2025), EBITDA $230 million–$290 million (reflecting Q1 Thunder Hawk work and upcoming docking), CapEx $70 million–$80 million, and free cash flow $100 million–$160 million.
Operational Achievements and Momentum
Successful Thunder Hawk workover and recommencement of production; Seawell reactivation returning the North Sea to a 2-vessel market; strong utilization of the Q4k performing well intervention at improved rates; robotics/trenching backlog and activity strong and booked out into 2026–2030 for some projects.
Transaction Value Creation — Scale, Fleet and Synergies
All-stock merger with Hornbeck to form a combined company (expected Helix shareholders ~45%, Hornbeck ~55%); pro forma improvements: combined revenue +56% and combined EBITDA +106% versus Helix standalone 2025. Expected annual cost and revenue synergies of $75 million or more within 3 years (majority expected to be revenue synergies through cross-selling and utilization gains).
Hornbeck Financial and Fleet Strength
Hornbeck FY25 adjusted EBITDA of $288 million with an adjusted EBITDA margin of ~40%; current fleet ~71 vessels with 2 MPSVs under construction (pro forma 73 vessels), fair market fleet value cited at $2.8 billion; Hornbeck backlog contributes to a combined backlog of roughly $2 billion (Helix ~$1 billion; Hornbeck ~$1 billion).
Asset Optionality and Reactivation Upside
Combined company has 23 vessels available for reactivation and 2 new-build MPSVs (deliveries expected in 2027) — providing low-cost incremental supply-side optionality to capture tightening market demand.
CH:CTV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed