What is the 13F Pro Quality Score for HLX?

13F Pro ranks HORNBECK OFFSHORE SERVICES, INC. (HLX) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HLX's current score at https://13fpro.ai/company/HLX (free sign-up required for the full ranking).

Which hedge funds own the most HLX stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of HLX include BlackRock,, DIMENSIONAL FUND ADVISORS, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/HLX as soon as new 13F filings post.

Where does 13F Pro source HLX data?

All HORNBECK OFFSHORE SERVICES, INC. fundamentals and ownership data come directly from SEC EDGAR. HORNBECK OFFSHORE SERVICES, INC. files with the SEC under CIK 866829. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HLX in?

HORNBECK OFFSHORE SERVICES, INC. (HLX) is classified in the Energy sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/energy.

What drives HLX's revenue?

Per HORNBECK OFFSHORE SERVICES, INC.'s latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Well Intervention ($208.1M, +33% YoY); Robotics ($76.4M, -11% YoY); Production Facilities ($29.7M, +74% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/HLX.

What are HLX's largest expenses?

HORNBECK OFFSHORE SERVICES, INC.'s latest 10-Q reports these as the largest expense items: Cost of sales ($247.8M, +4% YoY); Selling, general and administrative expenses ($21.1M, +28% YoY); Transaction-related costs ($8.3M, New in 2026). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is HLX research updated on 13F Pro?

HLX's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

HORNBECK OFFSHORE SERVICES, INC.(HLX)Stock Analysis

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13F Pro Quality Score

53.5/100

Rank #1,388 of 2,962 stocksTOP 50%

View Energy peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

23.2/100

Profitability

39.3/100

Balance Sheet

49.4/100

Earnings Quality

89.7/100

Free Cash Flow

69.2/100

Institutional Flow

60.5/100

Revenue Scale

55.8/100

Dilution Risk

74.8/100

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Why HLX Scores 54/100

exact factor attribution · 2026-09-11

HLX's composite is driven by earnings quality and free cash flow, held back by revenue growth and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Earnings quality

+4.0 pts

90th pct

Free cash flow

+2.9 pts

69th pct

Shareholder dilution

+1.2 pts

75th pct

Earnings growth

+1.0 pts

70th pct

Scale

+0.9 pts

56th pct

Institutional flow

+0.5 pts

61th pct

Capital efficiency

-0.1 pts

49th pct

Profitability

-1.6 pts

39th pct

Revenue growth

-5.4 pts

23th pct

Latest change (2026-08-09): 44 → 49 · ↑ Profit margin 32→44; ↑ Capital efficiency 38→49

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

HLX Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for HORNBECK OFFSHORE SERVICES, INC. (HLX), a Energy sector company. 13F Pro's AI-powered ranking engine scores HLX at 53.5/100 on a 32-signal composite quality model, placing it at rank #1,388 of 2,962 stocks — the top half of the AI-ranked universe. HLX scores in the top quartile across earnings quality (89.7). Areas of concern include revenue growth (23.2) and profitability (39.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), HORNBECK OFFSHORE SERVICES, INC. reports quarterly revenue of $304.0M, net income of $22.7M, free cash flow of $46.7M. Top institutional holders of HLX by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, STATE STREET, based on the most recent SEC filings. HLX trades on the NYSE exchange and files with the SEC under CIK 866829. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HLX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HORNBECK OFFSHORE SERVICES, INC. directly from SEC EDGAR. HORNBECK OFFSHORE SERVICES, INC.'s 13F Pro composite quality score has ranged between 28 and 64 since 2021, currently 53.5 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

What's Driving HLX's Business? Latest 10-Q Breakdown

✓ 26/26 datapoints verified

AI-extracted from HORNBECK OFFSHORE SERVICES, INC.'s 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue of $304.0M jumped 21% YoY on strong Well Intervention (+33%) and Production Facilities (+74%) growth, with gross margin expanding to 18% from 5%, while company sold Helix Alliance for $104.2M and announced pending merger with Hornbeck.

Biggest Revenue Drivers

Well Intervention$208.1M+33% YoY

Higher utilization on Q5000 (ended regulatory docking), Seawell (no longer idle), offset by Q7000 transit/mobilization to West Africa and Sea Helix 1 docking.

Robotics$76.4M-11% YoY

Lower vessel activities from Grand Canyon II transition to North Sea, though ROV and trencher utilization improved to 67% from 62%.

Biggest Revenue Drivers

Total revenue: $304.0M+21% YoY

Well Intervention$208.1M+33% YoY

Higher utilization on Q5000 (ended regulatory docking), Seawell (no longer idle), offset by Q7000 transit/mobilization to West Africa and Sea Helix 1 docking.

Robotics$76.4M-11% YoY

Lower vessel activities from Grand Canyon II transition to North Sea, though ROV and trencher utilization improved to 67% from 62%.

Production Facilities$29.7M+74% YoY

Higher oil and gas production and prices following Thunder Hawk field recommencement in early April 2026.

Largest Expense Items

Cost of sales$247.8M+4% YoY

Higher revenues and activity levels offset by improved cost management in Well Intervention.

Selling, general and administrative expenses$21.1M+28% YoY

Higher employee compensation costs during Q2 2026.

Transaction-related costs$8.3MNew in 2026

Ongoing costs related to pending merger with Hornbeck, including banking, legal, integration and filing fees.

Net interest expense$4.4M-29% YoY

Higher interest income due to elevated cash balances; interest income was $3.9M vs $2.1M prior year.

Margins: Gross margin expanded significantly to 18% from 5% YoY, driven by improved Well Intervention profitability (from -8% to +11% margin) and strong Production Facilities contribution (54% margin). Well Intervention benefited from higher utilization and rates following vessel docking and mobilization completion. Operating margin turned positive at 9% vs negative 1% YoY, reflecting gross profit expansion despite higher SG&A and transaction costs.

Watch Items from the Filing

Backlog of $1.1B with top four customer relationships (Shell, Subsea 7, Petrobras, Talos, NKT, CNR) representing ~80% concentration; backlog subject to cancellation, deferral, modification, and reduced rates.
Pending merger with Hornbeck (expected September 1, 2026) subject to shareholder approval (Special Meeting August 31, 2026), regulatory approvals, and customary closing conditions; uncertainty and restrictions on operations through close.
Oil prices volatile and elevated amid Middle East tensions but expected to normalize once Strait of Hormuz tensions settle; commodity volatility affecting customer spending particularly in Gulf of America.
Helix Alliance (decommissioning/Gulf of America liftboat business) sold May 1, 2026 for $104.2M; company retained certain P&A work obligations continuing ~12 months, representing strategic exit from shallow water market.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$304.0M

Net Income

Q2 2026

$22.7M

Free Cash Flow

Q2 2026

$46.7M

ROIC

Q2 2026

5.6%

D/E Ratio

Q2 2026

0.20

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

-4.9% YoY

$1.29BFY 2025

FY22 $873.1MFY23 $1.29BFY24 $1.36BFY25 $1.29B

Net Income

-44.6% YoY

$30.8MFY 2025

FY22 $-87.8MFY23 $-10.8MFY24 $55.6MFY25 $30.8M

Operating Income

-48.9% YoY

$65.1MFY 2025

FY22 $-44.9MFY23 $63.5MFY24 $127.4MFY25 $65.1M

EPS (Diluted)

-41.7% YoY

$0.21FY 2025

FY22 $-0.58FY23 $-0.07FY24 $0.36FY25 $0.21

Total Assets

+0.7% YoY

$2.62BFY 2025

FY22 $2.39BFY23 $2.56BFY24 $2.60BFY25 $2.62B

Total Debt

-2.1% YoY

$317.6MFY 2025

FY22 $302.3MFY23 $410.0MFY24 $324.3MFY25 $317.6M

Op. Cash Flow

-26.5% YoY

$136.7MFY 2025

FY22 $51.1MFY23 $152.5MFY24 $186.0MFY25 $136.7M

Free Cash Flow

-26.0% YoY

$120.4MFY 2025

FY22 $17.6MFY23 $132.9MFY24 $162.7MFY25 $120.4M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.29B -4.9%	$1.36B +5.3%	$1.29B +47.7%	$873.1M +29.4%	$674.7M -8.0%	$733.6M
Net Income	$30.8M -44.6%	$55.6M +613.4%	$-10.8M +87.7%	$-87.8M -42.7%	$-61.5M -377.5%	$22.2M
Operating Income	$65.1M -48.9%	$127.4M +100.7%	$63.5M +241.6%	$-44.9M +7.9%	$-48.7M -473.8%	$13.0M
EPS (Diluted)	$0.21 -41.7%	$0.36 +614.3%	$-0.07 +87.9%	$-0.58 -41.5%	$-0.41 -415.4%	$0.13
Total Assets	$2.62B +0.7%	$2.60B +1.6%	$2.56B +7.0%	$2.39B +2.7%	$2.33B -6.9%	$2.50B
Total Debt	$317.6M -2.1%	$324.3M -20.9%	$410.0M +35.6%	$302.3M -13.1%	$347.9M -21.0%	$440.2M
Operating Cash Flow	$136.7M -26.5%	$186.0M +22.0%	$152.5M +198.3%	$51.1M -63.5%	$140.1M +41.8%	$98.8M
Free Cash Flow	$120.4M -26.0%	$162.7M +22.5%	$132.9M +654.8%	$17.6M -86.6%	$131.8M +67.8%	$78.6M

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Available Research

13F Pro tracks comprehensive data for HORNBECK OFFSHORE SERVICES, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HLX

BlackRock, Inc.
$198.7M22,731,079 sh
DIMENSIONAL FUND ADVISORS LP
$79.5M9,091,008 sh
STATE STREET CORP
$62.7M7,175,792 sh
Invesco Ltd.
$61.5M7,035,334 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$56.1M6,416,761 sh
VANGUARD CAPITAL MANAGEMENT LLC
$54.0M6,178,407 sh
AMERICAN CENTURY COMPANIES INC
$47.6M5,448,574 sh
PRINCIPAL FINANCIAL GROUP INC
$37.8M4,319,229 sh
GOLDMAN SACHS GROUP INC
$32.0M3,666,005 sh
GEODE CAPITAL MANAGEMENT, LLC
$31.1M3,556,137 sh

Fund	Value	Shares
BlackRock, Inc.	$198.7M	22,731,079
DIMENSIONAL FUND ADVISORS LP	$79.5M	9,091,008
STATE STREET CORP	$62.7M	7,175,792
Invesco Ltd.	$61.5M	7,035,334
VANGUARD PORTFOLIO MANAGEMENT LLC	$56.1M	6,416,761
VANGUARD CAPITAL MANAGEMENT LLC	$54.0M	6,178,407
AMERICAN CENTURY COMPANIES INC	$47.6M	5,448,574
PRINCIPAL FINANCIAL GROUP INC	$37.8M	4,319,229
GOLDMAN SACHS GROUP INC	$32.0M	3,666,005
GEODE CAPITAL MANAGEMENT, LLC	$31.1M	3,556,137

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Is HLX a good stock to buy?

13F Pro's AI-powered analysis of HORNBECK OFFSHORE SERVICES, INC. (HLX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HLX are available on the HLX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. HLX is classified as a small company.

Which hedge funds own HLX?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HLX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HORNBECK OFFSHORE SERVICES, INC.'s investment landscape.