Helix Energy Solutions Group, I
6.73+0.00 (+0%)
Oct 29, 4:00:02 PM EDT · NYSE · HLX · USD
Key Stats
Market Cap
989.85MP/E (TTM)
24.04Basic EPS (TTM)
0.28Dividend Yield
0%Recent Filings
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
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
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.
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
Shareholder approvals and repurchases
Helix Energy Solutions Group's shareholders, at the May 14, 2025 annual meeting, elected T. Mitch Little and John V. Lovoi as Class I directors for three-year terms, ratified KPMG LLP as the 2025 independent auditor with overwhelming support, and approved 2024 executive compensation on an advisory basis. In Q2 2025, the company wrapped up $30 million in common stock repurchases under its 2023 program via a Rule 10b5-1 plan. This signals board continuity while returning capital to owners.
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