secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000866829-25-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682925000007/0000866829-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682925000007/hlx-20250423x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-25-000007

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