secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000866829-24-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682924000016/0000866829-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682924000016/hlx-20240424x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-24-000016

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