secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0000866829-22-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helix Q2 net loss $29.7M ($0.20/sh); revenue $162.6M; acquires Alliance for $120M cash
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- Net loss $29.7M, improved from Q1 loss of $42.0M but worse than Q2 2021 loss of $13.7M.
- Revenue $162.6M (+8% QoQ, roughly flat YoY); adjusted EBITDA $16.8M vs $2.5M in Q1.
- Robotics revenue up 33% QoQ and 57% YoY to $49.9M on higher vessel/ROV utilization.
- Well Intervention loss from ops narrowed to $22.5M from $31.8M in Q1; utilization 67%.
- Closed Alliance acquisition July 1 for ~$120M cash; issued first full-year 2022 guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682922000017/0000866829-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682922000017/hlx-20220725x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-22-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer