Inferra AI / Company / HLX
Helix Energy Solutions Group Inc.
HLX · Energy
Last earnings Sep 8, 2026
Key results
Net incomequarter
$0.5 million
For the six months ended June 30, 2025, Helix reported net income of $0.5 million, or $0.00 per diluted share, compared to net income of $6.0 million, or $0.04 per diluted share, for the six months ended June 30, 2024.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Revenuequarter
$13.1 million
Shallow Water Abandonment generated an operating loss of $0.4 million during the second quarter 2025, an improvement of $13.1 million compared to the prior quarter primarily due to higher seasonal revenues and related operating costs during the second quarter 2025.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Free cash flowquarter
$12.0 million
Free Cash Flow was $(21.6) million during the second quarter 2025 compared to $12.0 million during the prior quarter and $(16.2) million during the second quarter 2024.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
AI analysis
Q2 2025 · reported Jul 24, 2025
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $0.5 million | — | — |
| Revenue | $13.1 million | — | — |
| Free cash flow | $12.0 million | $12.0 million | — |
Guidance · company-stated
No guidance located in the held release
Cash flow & capex
Capital allocation
Even with a challenging and disappointing backdrop, we have positioned Helix to generate meaningful free cash flow this year, and we continued to execute our share repurchase plan with 4.6 million shares repurchased during the second quarter.
Selling, General and Administrative and Other Share Repurchases Share repurchases totaled approximately 4.6 million shares of our common stock for approximately $30.0 million during the second quarter 2025.
What changed vs last quarter
- Free cash flow $0.00 (0.0%) computed from stated figures
Event summary
Helix Energy Solutions Group Inc. Q2 2025 — For the six months ended June 30, 2025, Helix reported net income of $0.5 million, or $0.00 per diluted share, compared to net income of $6.0 million, or $0.04 per diluted share, for the six months en…
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Even with a challenging and disappointing backdrop, we have positioned Helix to generate meaningful free cash flow this year, and we continued to execute our share repurchase plan with 4.6 million shares repurchased during the second quarter.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Selling, General and Administrative and Other Share Repurchases Share repurchases totaled approximately 4.6 million shares of our common stock for approximately $30.0 million during the second quarter 2025.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Capital expenditures, which are included in investing cash flows, totaled $4.5 million during the second quarter 2025 compared to $4.5 million during the prior quarter and $4.0 million during the second quarter 2024.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Consolidated long-term debt was $311.6 million at June 30, 2025, resulting in negative Net Debt of $8.1 million.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
(Net Debt is a non-GAAP measure.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Non-GAAP Financial Measures Management evaluates operating performance and financial condition using certain non-GAAP measures, primarily EBITDA, Adjusted EBITDA, Free Cash Flow and Net Debt.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Strategy & priorities
, headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
We use EBITDA, Adjusted EBITDA, Free Cash Flow and Net Debt to monitor and facilitate internal evaluation of the performance of our business operations, to facilitate external comparison of our business results to those of others in our industry, to analyze and evaluate financial and strategic planning decisions regarding future investments and acquisitions, to plan and evaluate operating budgets, and in certain cases, to report our results to the holders of our debt as required by our debt covenants.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
The transaction represented a strategic shift that had a major effect on our operations and financial results.
SEC original ↗Helix Energy Solutions Group Inc. — 10-Q Quarterly report10-QAug 6, 2026
7 Table of Contents Note 2 Company Overview We are an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations.
SEC original ↗Helix Energy Solutions Group Inc. — 10-Q Quarterly report10-QAug 6, 2026
Following the sale of Helix Alliance, we no longer have a prominent presence in the decommissioning market in the Gulf of America shelf, which reflects a strategic shift back to focusing on our deepwater operations.
SEC original ↗Helix Energy Solutions Group Inc. — 10-Q Quarterly report10-QAug 6, 2026
Risks & headwinds
The macro and geopolitical volatility experienced during the second quarter has created significant uncertainties in the market, with customers scaling back spending and pushing work into 2026 and beyond.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
We have not provided reconciliations of forward-looking non-GAAP financial measures to comparable GAAP measures due to the challenges and impracticability with estimating some of the items without unreasonable effort, which amounts could be significant.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements.
SEC original ↗Helix Energy Solutions Group Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025
htm EX-99.2 July 24, 2025 Second Quarter 2025 Earnings Conference Call EXHIBIT 99.2 At Helix, our purpose is to enable energy transition through: Maximizing Existing Reserves Enhancing remaining production from mature oil and gas wells Lowering Decommissioning Costs Safely returning the seabed to its original state Offshore Renewables & Wind Farms Transitioning our energy economy to a sustainable model Page 3 © 2025 Helix ESG This presentation contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements.
SEC original ↗Helix Energy Solutions Group Inc. — Presentation / slide deck (8-K exhibit)EX-99Jul 24, 2025
Legal Proceedings 40 Item 1A.
SEC original ↗Helix Energy Solutions Group Inc. — 10-Q Quarterly report10-QAug 6, 2026
Earnings deck slides
0 decks with slide viewHelix Energy Solutions Group Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Helix Energy Solutions Group Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Helix Energy Solutions Group Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Helix Energy Solutions Group Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Helix Energy Solutions Group Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Helix Energy Solutions Group Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Helix Energy Solutions Group Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
14 documentsPresentations
7 documents
Transcripts
0 documentsNo transcripts for Helix Energy Solutions Group Inc. are held in this edition of the library.
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