---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-24-000003"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T13:46:23.340337+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helix Q4 net loss $28.3M on $37.3M debt repurchase loss; FY adj. EBITDA up 126% to $273M

## Summary
- Q4 2023 net loss $28.3M ($0.19 diluted EPS) vs Q3 net income $15.6M ($0.10); revenue $335.2M, down 15% sequentially.
- Full year 2023 revenue $1.29B (+48% YoY); adjusted EBITDA $273.4M (vs $121.0M); net loss $10.8M (vs loss $87.8M).
- Well Intervention rev +26% YoY to $210.7M; Robotics +30%; Shallow Water +8%; Production Facilities -31% (Thunder Hawk shut-in).
- Repurchased $159.8M of 2026 Convertible Notes, incurring $37.3M pre-tax loss; issued $300M senior notes due 2029.
- Cash $332.2M, Net Debt $29.5M; free cash flow $91.9M Q4, $133.8M FY.

## SEC filing metadata
- accession: 0000866829-24-000003
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2024-02-27T23:59:59+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/866829/000086682924000003/0000866829-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682924000003/hlx-20240226x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-24-000003
- JSON: https://secwatch.observer/filing/0000866829-24-000003.json
- Plain text: https://secwatch.observer/filing/0000866829-24-000003.txt

## Key facts
- Earnings Releases
  HELIX ENERGY SOLUTIONS GROUP INC reported financial results for the fourth quarter and full year 2023.
  - Period: the fourth quarter and full year 2023
  - Result: reported results
  source text: On February 26, 2024, Helix Energy Solutions Group, Inc. ("Helix") issued a press release reporting its financial results for the fourth quarter and full year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000086682924000003/0000866829-24-000003-index.htm

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