---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-22-000029"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2022-10-25T23:59:59+00:00"
generated_at: "2026-06-23T01:31:20.154047+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Helix Q3 net loss narrows to $18.8M; revenue up 51% YoY to $272.5M

## Summary
- Net loss of $18.8M ($0.12/share) improved from $29.7M in Q2 and $19.0M in Q3 2021; revenue $272.5M (+51% YoY, +68% QoQ).
- Adjusted EBITDA $52.6M vs $16.8M in Q2 and $26.5M in Q3 2021; operating cash flow $24.7M.
- Well Intervention utilization 87% (vs 67% Q2); new Shallow Water Abandonment segment from Alliance acquisition added $67.4M revenue and $16.3M operating income.
- Net debt $98.8M; total liquidity $244.1M; cash $162.3M; ABL facility increased to $100M.

## SEC filing metadata
- accession: 0000866829-22-000029
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2022-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866829/000086682922000029/0000866829-22-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682922000029/hlx-20221024x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-22-000029
- JSON: https://secwatch.observer/filing/0000866829-22-000029.json
- Plain text: https://secwatch.observer/filing/0000866829-22-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.