secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000866829-23-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682923000035/0000866829-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682923000035/hlx-20231023x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-23-000035

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