HELIX ENERGY SOLUTIONS GROUP (HLX) Company Report

Helix Energy Solutions reported Q3 2025 revenues of $377 million, net income of $22 million, and Adjusted EBITDA of $104 million, marking its highest quarterly results since 2014.
For the full year 2025, the company narrowed its EBITDA guidance to $240 million - $270 million and expects revenues between $1.23 billion and $1.29 billion.
The Brazil and Robotics segments demonstrated strong performance in Q3 2025, with high vessel utilization and a robust outlook for Robotics extending into 2030.
Despite the strong Q3, Q4 2025 operations are expected to be impacted by seasonal weather in the northern hemisphere, leading to anticipated schedule gaps for the Q4000 and the continued warm stacking of the Seawell.

Oct 23, 2025, 2:00 PM

Helix Energy Solutions Reports Strong Q3 2025 Results, Updates Full-Year Guidance

HLX

Earnings

Guidance Update

Demand Weakening

Helix Energy Solutions delivered its highest quarterly result since 2014 in Q3 2025, driven by strong performance in its robotics and Brazil segments.
The company tightened its full-year 2025 guidance, forecasting revenues of $1.23 billion to $1.29 billion and EBITDA of $240 million to $270 million. Free cash flow is expected to be $100 million to $140 million, with capital expenditures maintained at $70 million to $80 million.
The Seawell vessel remained warm stacked in the North Sea for Q3 2025 and is expected to continue for the remainder of the year due to market turmoil. The Q4000 vessel experienced schedule gaps in Q3 and will perform lower-revenue ROV support work before resuming well intervention in January 2026, with the company considering a West Africa campaign for 2026 to hedge utilization risk.
The robotics segment had a strong quarter with high vessel utilization across trenching, ROV support, and site survey work, and a robust outlook through 2030. Brazil operations also showed strong utilization, with the Q7000 at 100% utilization for Shell and the Siem Helix 1 and 2 vessels highly utilized for Trident and Petrobras, respectively.
For 2026, the company anticipates upward pressure on supply chain and labor costs and potential reduced rates due to competition in shallow water abandonment. Additionally, the Siem Helix 1 and 2 vessels are due for five-year special surveys, which will impact anticipated improvements.

Oct 23, 2025, 2:00 PM

Helix Traffic Solutions Acquires Highway Safety Services

HLX

M&A

New Projects/Investments

Helix Traffic Solutions has announced its strategic acquisition of Highway Safety Services, based in Lafayette, Indiana.
This acquisition extends Helix’s footprint into the Indiana traffic safety market, serving roadway contractors, utility companies, and municipalities.
Highway Safety Services, founded in 2005 by Mike Madrid, offers a comprehensive portfolio including traffic control, pavement marking, flagging, and equipment sales and rentals.
This marks Helix’s 18th acquisition under the ownership of Nonantum Capital Partners.

Aug 4, 2025, 11:00 AM

Helix Energy Solutions Q1 2025 Earnings, Guidance & Contract Wins Update

HLX

Earnings

Guidance Update

New Projects/Investments

Reported $278 million in revenue, $3.1 million net income, $52 million adjusted EBITDA, and $12 million free cash flow .
Generated $16 million in operating cash flow and $0.02 diluted EPS .
Maintained strong liquidity with $370 million in cash, negative net debt of $59 million, and a $1.4 billion backlog .
Secured key contracts including Q7000 operations in Brazil for Shell, a three‐year contract for Siem Helix 2 with Petrobras, and a 300‐day trenching contract for the Hornsea 3 wind farm in the U.K. .
Revised 2025 EBITDA guidance reflecting a $75 million negative impact due to U.K. North Sea challenges and seasonal vessel utilization issues (stacking of Seawell) .

Apr 24, 2025, 2:01 PM

Helix Energy Announces Q4 2024 Results & 2025 Guidance

HLX

Earnings

Revenue Acceleration/Inflection

Share Buyback

Guidance Update

M&A

Q4 2024 Financials: Reported net income of $20 million, revenue of $355 million, adjusted EBITDA of $72 million, and diluted EPS of $0.13 .
Full-Year Performance: Achieved full-year revenue of $1.36 billion, net income of $56 million, and Adjusted EBITDA of $303 million .
Operational Highlights: Demonstrated robust performance in Well Intervention, Robotics, and Shallow Water segments, including the initiation of Q4000 operations in Nigeria and successful contract renewals in Brazil .
Strong Balance Sheet: Ended 2024 with $368 million in cash, liquidity of $430 million, and a negative net debt of $53 million despite $324 million in funded debt .
2025 Outlook: Provided guidance for revenues of $1.36–$1.5 billion, EBITDA of $320–$380 million, free cash flow of $175–$225 million, and capital spend of $70–$90 million with anticipated margin improvements and plans to increase share repurchases .

Feb 25, 2025, 12:00 AM

Earnings Transcripts

Quarterly earnings call transcripts for HELIX ENERGY SOLUTIONS GROUP.

Get instant answers from SEC filings, earnings calls & more

Get instant analysis when filings drop