secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000866829-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helix swings to Q2 net income $32.3M; revenue $364.8M up 18% YoY
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- Net income $32.3M ($0.21/diluted) vs Q1 loss $26.3M and Q2 2023 income $7.1M.
- Revenue $364.8M, up 18% YoY and 23% QoQ; adjusted EBITDA $96.9M up 36% YoY.
- Well Intervention revenue $224.7M (+46% YoY) on higher utilization; Robotics $81.2M (+61% QoQ).
- Shallow Water Abandonment revenue $50.8M (-33% YoY); segment operating loss $0.3M.
- Repurchased 0.5M shares for $5.2M; net debt $43.6M; operating cash flow -$12.2M due to $58.3M earn-out.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682924000026/0000866829-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682924000026/hlx-20240724x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-24-000026

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