---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-25-000007"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:42:57.944105+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helix reports Q1 net income $3.1M, down 85% from Q4; revenue $278M, down 22% sequentially

## Summary
- Net income $3.1M ($0.02 diluted) vs $20.1M ($0.13) in Q4 2024 and net loss $26.3M in Q1 2024.
- Revenue $278M, down from $355M Q4 2024; gross profit $27.5M, down 53% QoQ.
- Adjusted EBITDA $52M, down from $71.6M Q4; free cash flow $12M vs $65.5M Q4.
- Well Intervention revenue fell 12% QoQ; Robotics down 37%; Shallow Water down 55%.
- CEO cites OPEC+ and tariff uncertainty causing customer project pauses, especially in North Sea.

## SEC filing metadata
- accession: 0000866829-25-000007
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/866829/000086682925000007/0000866829-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682925000007/hlx-20250423x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-25-000007
- JSON: https://secwatch.observer/filing/0000866829-25-000007.json
- Plain text: https://secwatch.observer/filing/0000866829-25-000007.txt

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