secwatch.observer — SEC 8-K summary
======================================

Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000866829-22-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682922000029/0000866829-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682922000029/hlx-20221024x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-22-000029

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