---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-23-000035"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:36:13.357224+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helix Q3 net income $15.6M, revenue $395.7M, highest quarterly EBITDA since 2014

## Summary
- Q3 net income $15.6M ($0.10/diluted) vs Q2 $7.1M and year-ago loss $18.8M; adjusted EBITDA $96.4M.
- Revenue $395.7M, up 45% YoY; Well Intervention revenue +57% YoY on Q7000 full quarter and higher North Sea rates.
- Shallow Water Abandonment revenue up 29% YoY; acquired five additional P&A systems in September.
- Cash $168.4M; net debt $58.9M; repaid $30.4M convertible notes; share repurchases $1.9M in Q3.
- CEO cites highest quarterly revenue and EBITDA since 2014; expects strong finish and improvements in 2024.

## SEC filing metadata
- accession: 0000866829-23-000035
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866829/000086682923000035/0000866829-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682923000035/hlx-20231023x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-23-000035
- JSON: https://secwatch.observer/filing/0000866829-23-000035.json
- Plain text: https://secwatch.observer/filing/0000866829-23-000035.txt

## Key facts
- Earnings Releases
  HELIX ENERGY SOLUTIONS GROUP INC reported the third quarter 2023 results: revenue $395,670, net income $15.6 million, or $0.10 per diluted share, EPS $0.10 per diluted share.
  - Period: the third quarter 2023
  - Revenue: $395,670
  - Net income: $15.6 million, or $0.10 per diluted share
  - EPS: $0.10 per diluted share
  - Result: reported results
  source text: share amounts, unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Nine Months Ended ​ ​ 9/30/2023 ​ 9/30/2022 ​ 6/30/2023 ​ 9/30/2023 ​ 9/30/2022 Revenues ​ $ 395,670 ​ $ 272,547 ​ $ 308,817 ​ $ 954,571 ​ $ 585,284 ​ Gross Profit ​ $ 80,545 ​ $ 39,215 ​ $ 55,349 ​ $ 151,078 ​ $ 19,252 ​ ​ ​ 20 % 14 % 18 % 16 % 3 % Net Income (Loss) ​ $ 15,560 ​
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000086682923000035/0000866829-23-000035-index.htm
- Earnings Releases
  HELIX ENERGY SOLUTIONS GROUP INC reported the nine months ended September 30, 2023 results: net income net income of $17.5 million, or $0.11 per diluted share, EPS $0.11 per diluted share.
  - Period: the nine months ended September 30, 2023
  - Net income: net income of $17.5 million, or $0.11 per diluted share
  - EPS: $0.11 per diluted share
  - Result: reported results
  source text: Helix reported net income of $17.5 million, or $0.11 per diluted share for the nine months ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000086682923000035/0000866829-23-000035-index.htm

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