secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000866829-24-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helix Q3 net income $29.5M ($0.19/diluted); backlog up >$800M on three contracts
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- Revenue $342.4M, down 13% YoY; net income $29.5M vs $15.6M in Q3 2023.
- Adjusted EBITDA $87.6M, down from $96.4M YoY; free cash flow $52.6M.
- Well Intervention revenues fell 19% due to transit days; Robotics revenues up 12% YoY.
- Hurricanes Francine/Helene caused ~$10M revenue loss in Shallow Water Abandonment.
- Three new well intervention contracts added >$800M to backlog, multi-year coverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682924000037/0000866829-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682924000037/hlx-20241023x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-24-000037

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