---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-24-000016"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:56:25.256274+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helix Q1 2024 net loss $26.3M ($0.17/diluted); revenue $296.2M, up 18% YoY

## Summary
- Revenue $296.2M (+18% YoY); adjusted EBITDA $47.0M vs $35.1M a year ago.
- Well Intervention revenue $216.5M (+52% YoY) on Q7000/Seawell; Shallow Water Abandonment down 46% YoY.
- Retired remaining $40.2M principal of 2026 Notes for ~$60.5M cash; net debt turned to ($5.7M).
- Free cash flow $61.2M vs ($11.7M) a year ago; share repurchases of $5.0M in Q1.
- Production Facilities resumed Thunder Hawk output; workover costs of $8.6M weighed on segment.

## SEC filing metadata
- accession: 0000866829-24-000016
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/866829/000086682924000016/0000866829-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682924000016/hlx-20240424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-24-000016
- JSON: https://secwatch.observer/filing/0000866829-24-000016.json
- Plain text: https://secwatch.observer/filing/0000866829-24-000016.txt

## Key facts
- Earnings Releases
  HELIX ENERGY SOLUTIONS GROUP INC reported first quarter 2024 results: revenue $296,211, net income a net loss of $26.3 million, or $(0.17) per diluted share, EPS $(0.17) per diluted share.
  - Period: first quarter 2024
  - Revenue: $296,211
  - Net income: a net loss of $26.3 million, or $(0.17) per diluted share
  - EPS: $(0.17) per diluted share
  - Result: reported results
  source text: ​ Summary of Results ​ ($ in thousands, except per share amounts, unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ 3/31/2024 ​ 3/31/2023 ​ 12/31/2023 ​ Revenues ​ $ 296,211 ​ $ 250,084 ​ $ 335,157 ​ Gross Profit ​ $ 19,554 ​ $ 15,184 ​ $ 49,278 ​ ​ ​ 7 % 6 % 15 % Net Loss ​ $ (26,287) ​ $ (5,165) ​ $ (28,333) ​ Basic Loss Per Share ​ $ (0.17) ​ $
  evidence_url: https://www.sec.gov/Archives/edgar/data/866829/000086682924000016/0000866829-24-000016-index.htm

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