secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000866829-23-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682923000014/0000866829-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682923000014/hlx-20230424x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-23-000014

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