HLX
Helix Energy Solutions Group, Inc.6.58
-0.50-7.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
967.79MP/E (TTM)
23.50Basic EPS (TTM)
0.28Dividend Yield
0%Recent Filings
10-K
8-K
8-K
8-K
CEO Kratz to retire
Helix Energy Solutions announced on December 17, 2025, that CEO Owen Kratz intends to retire after nearly four decades, including leading since 1997. Kratz will stay on until a successor is appointed, ensuring smooth transition. Board praises his growth of Helix from diving firm to global leader. Succession search underway.
10-Q
Q3 FY2025 results
Helix Energy Solutions posted Q3 revenues of $377M, up 10% year-over-year yet down from Q2's $300M (derived), driven by stronger well intervention and robotics activity while production facilities dipped on lower output. Gross margins held steady at 18%, with operating income climbing 7% to $48M thanks to cost controls, though net income fell to $22M or $0.15 diluted EPS from $30M last year, pressured by a 46.5% effective tax rate on mixed earnings. Free cash flow for the nine months through September 30, 2025, came in at $13M, reflecting $24M operating cash minus $11M capex, while cash reserves stood at $338M against $307M in debt. No major M&A or regulatory shifts noted. Offshore decommissioning demand looks set to rise amid regulatory pushes.
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