HLX
Helix Energy Solutions Group, Inc.6.58
-0.50-7.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
967.79MP/E (TTM)
23.50Basic EPS (TTM)
0.28Dividend Yield
0%Recent Filings
8-K
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.
8-K
Helix Q3 profit surges to $22M
Helix Energy Solutions reported Q3 2025 net income of $22.1 million, or $0.15 per diluted share, swinging from a $2.6 million loss in Q2, with revenues climbing 25% to $377 million on stronger vessel utilization across segments. Adjusted EBITDA hit $104 million—its highest since 2014—fueled by robust robotics trenching in the North Sea and Asia Pacific, plus upticks in shallow water abandonment, despite Q4000 docking delays and a sluggish offshore market. The company raised full-year Adjusted EBITDA guidance to $240-$270 million, projecting $100-$140 million in free cash flow, yet warns of receivable collection timing risks.
10-Q
Q2 FY2025 results
Helix Energy Solutions posted Q2 revenues of $302.3M, down 17% y/y from $364.8M amid softer well intervention demand, yet Robotics climbed 5% on renewables push. Gross profit shrank to $14.9M from $75.5M, flipping operating income to a $3.2M loss versus $53.2M profit, with margins at 5% against 21%; diluted EPS dipped to -$0.02 from $0.21, consistent with 148.5M shares. YTD, revenues fell 12% to $580.4M, operating income to $5.0M from $51.9M, and EPS held at $0.00 on 150.5M shares. Cash stood at $319.7M with $70.5M revolver availability, supporting $30.2M stock buybacks; free cash flow turned negative at -$9.6M (derived) from $45.1M. No M&A or impairments noted. Commodity volatility tempers offshore spending.
8-K
Q2 loss amid downtime
Helix Energy Solutions swung to a $2.6 million net loss in Q2 2025, dragged by Well Intervention downtime from Q5000 docking and Q4000 transit, despite Robotics surging 68% on seasonal vessel days. Revenues dipped to $302 million, with Adjusted EBITDA at $42 million; yet cash holds at $320 million, negative net debt. Free cash flow turned negative amid volatility, but a new 800-day North Sea trenching deal signals 2026 rebound. Outlook trimmed for Q4 uncertainties.
IPO
Website
Employees
Sector
Industry
BKR
Baker Hughes Company
45.02-1.87
EFXT
Enerflex Ltd
15.65-0.21
FET
Forum Energy Technologies, Inc.
32.83-1.65
HAL
Halliburton Company
27.19-1.22
KLNG
Koil Energy Solutions, Inc.
2.50+0.00
KLXE
KLX Energy Services Holdings, I
1.64-0.11
NOV
NOV Inc.
15.32-0.92
OII
Oceaneering International, Inc.
24.16-1.70
WTTR
Select Water Solutions, Inc.
10.49-0.30
XPRO
Expro Group Holdings N.V.
12.65-1.13