---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-23-000014"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:52:29.282599+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Helix Q1 net loss $5.2M, EPS -$0.03; revenue $250M, down 13% QoQ

## Summary
- Net loss $5.2M ($0.03 diluted EPS) versus net income $2.7M ($0.02) in Q4 2022.
- Revenue $250M, down 13% from Q4 2022 ($288M); Well Intervention revenue dropped 15%.
- Adjusted EBITDA $35.1M, down from $49.2M in Q4; free cash flow -$11.7M.
- Repurchased $5M shares under new program; total liquidity $246.7M including $80M ABL.
- Q7000 in transit to Asia Pacific; Q5000 undergoing inspections; outlook strong for rest of year.

## SEC filing metadata
- accession: 0000866829-23-000014
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/866829/000086682923000014/0000866829-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682923000014/hlx-20230424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-23-000014
- JSON: https://secwatch.observer/filing/0000866829-23-000014.json
- Plain text: https://secwatch.observer/filing/0000866829-23-000014.txt

## Key facts
- Earnings Releases
  HELIX ENERGY SOLUTIONS GROUP INC reported first quarter 2023 results: revenue $ 250,084, net income $5.2 million, EPS $(0.03) per diluted share.
  - Period: first quarter 2023
  - Revenue: $ 250,084
  - Net income: $5.2 million
  - EPS: $(0.03) per diluted share
  - Result: reported results
  source text: ​ Summary of Results ​ ($ in thousands, except per share amounts, unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ 3/31/2023 ​ 3/31/2022 ​ 12/31/2022 ​ Revenues ​ $ 250,084 ​ $ 150,125 ​ $ 287,816 ​ Gross Profit (Loss) ​ $ 15,184 ​ $ (18,609) ​ $ 31,364 ​ ​ ​ 6 % (12) % 11 % Net Income (Loss) ​ $ (5,165) ​ $ (42,031) ​ $ 2,709 ​ Diluted Earnings
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000086682923000014/0000866829-23-000014-index.htm

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