Helix posts Q2 net loss of $2.6M; revenue down 17% YoY to $302M

HELIX ENERGY SOLUTIONS GROUP INC

2025-Q2 EPS reported $0.00 vs consensus $0.03 ▼ miss (-100.0%)

Diluted EPS loss of ($0.02) vs $0.21 profit in Q2 2024; adjusted EBITDA $42.4M (down 56% YoY).
Well Intervention revenue fell 28% YoY to $156.8M on lower vessel utilization (72% vs 94%).
Robotics revenue rose 68% sequentially to $85.6M on higher chartered vessel days (95% utilization).
Shallow Water Abandonment revenue up 201% QoQ to $50.6M; segment operating loss narrowed to $0.4M.
Repurchased 4.6M shares for $30M; ended quarter with $319.7M cash and negative net debt of $8.1M.

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