---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-23-000005"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:34:35.485675+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helix Q4 net income $2.7M; full-year net loss $87.8M; board authorizes $200M buyback

## Summary
- Q4 2022 net income $2.7M ($0.02 diluted EPS) vs Q3 loss $18.8M and Q4 2021 loss $25.9M.
- Full-year 2022 net loss $87.8M ($0.58 loss per share) vs 2021 loss $61.5M; revenue $873.1M.
- Q4 adjusted EBITDA $49.2M; full-year adjusted EBITDA $121.0M; free cash flow $17.6M in 2022.
- Board authorized $200M share repurchase program; management cites strong balance sheet and cash flow.
- Well Intervention vessel utilization improved to 97% in Q4; Robotics revenue down 14% QoQ.

## SEC filing metadata
- accession: 0000866829-23-000005
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866829/000086682923000005/0000866829-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682923000005/hlx-20230221x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-23-000005
- JSON: https://secwatch.observer/filing/0000866829-23-000005.json
- Plain text: https://secwatch.observer/filing/0000866829-23-000005.txt

## Key facts
- Earnings Releases
  HELIX ENERGY SOLUTIONS GROUP INC reported fourth quarter 2022 results: revenue $287,816, net income $2.7 million, EPS $0.02 per diluted share.
  - Period: fourth quarter 2022
  - Revenue: $287,816
  - Net income: $2.7 million
  - EPS: $0.02 per diluted share
  - Result: reported results
  source text: per share amounts, unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Year Ended ​ ​ 12/31/2022 ​ 12/31/2021 ​ 9/30/2022 ​ 12/31/2022 ​ 12/31/2021 Revenues ​ $ 287,816 ​ $ 168,656 ​ $ 272,547 ​ $ 873,100 ​ $ 674,728 ​ Gross Profit (Loss) ​ $ 31,364 ​ $ (5,361) ​ $ 39,215 ​ $ 50,616 ​ $ 15,393 ​ ​ ​ 11 % (3) % 14 % 6 % 2 % Net Income (Loss) 1 ​ $
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000086682923000005/0000866829-23-000005-index.htm
- Earnings Releases
  HELIX ENERGY SOLUTIONS GROUP INC reported full year 2022 results: revenue $873,100, net income $87.8 million net loss, EPS $(0.58) per diluted share.
  - Period: full year 2022
  - Revenue: $873,100
  - Net income: $87.8 million net loss
  - EPS: $(0.58) per diluted share
  - Result: reported results
  source text: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Year Ended ​ ​ 12/31/2022 ​ 12/31/2021 ​ 9/30/2022 ​ 12/31/2022 ​ 12/31/2021 Revenues ​ $ 287,816 ​ $ 168,656 ​ $ 272,547 ​ $ 873,100 ​ $ 674,728 ​ Gross Profit (Loss) ​ $ 31,364 ​ $ (5,361) ​ $ 39,215 ​ $ 50,616 ​ $ 15,393 ​ ​ ​ 11 % (3) % 14 % 6 % 2 % Net Income (Loss) 1 ​ $ 2,709 ​ $ (25,908) ​ $ (18,763) ​ $
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000086682923000005/0000866829-23-000005-index.htm

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