MEDIUMBuilt-inProduct / Revenue mix
49%
offshore renewable energy contracts in Robotics segment
“10-K Item 1: 'revenues derived from offshore renewable energy contracts accounted for 49% of our global Robotics segment revenues'”
HOS · Concentration risk · 10-K extracted
Hornbeck Offshore Services (HOS) concentration risks
Updated
The most significant concentration Hornbeck Offshore Services discloses is offshore renewable energy contracts in Robotics segment at 49%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Hornbeck Offshore Services’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
six customers in total backlog
“10-K Item 1: 'We currently have contracts with six customers that represent approximately 82% of our total backlog as of December 31, 2025'”
LOWOutside partyCustomer
18%
Shell
“10-K Item 1: '2025 ... Shell (18%) and Petrobras (10%)'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-11Hornbeck's disclosures point to concentration in both end market and customers. Offshore renewable energy contracts accounted for 49% of Robotics segment revenues, a medium-share and structural exposure: the segment's growth is tied to the pace of offshore wind build-out and the policy and financing conditions behind it. On the customer side, contracts with six customers represent approximately 82% of total backlog as of December 31, 2025, also a medium-share exposure and a dependency. Within revenue, Shell was 18% in 2025, a low-share exposure, alongside Petrobras at 10%. Together these show a backlog that is heavily concentrated in a handful of counterparties. The structural renewables exposure is a macro and policy risk that affects the segment broadly, while the customer concentration is idiosyncratic: a delay, cancellation or non-renewal by one of the major customers would be visible in results quickly. The two are distinct risks, one driven by policy and project pipelines, the other by a few named counterparties, and both are disclosed in Item 1 of the 10-K.
For the engine’s reasoning on HOS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Marine Shipping
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| KEX | Kirby Corporation | 0 | 2 | 2 | 4 |
| HOS● | Hornbeck Offshore Services, Inc | 0 | 2 | 1 | 3 |
| PANL | Pangaea Logistics Solutions Ltd | 0 | 1 | 0 | 1 |
| GNK | Genco Shipping & Trading Limite | 0 | 0 | 1 | 1 |
| MATX | Matson, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.