---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-25-000015"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T02:56:57.881304+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000866829-25-000015
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2025-07-24T23:59:59+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/866829/000086682925000015/0000866829-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682925000015/hlx-20250723x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-25-000015
- JSON: https://secwatch.observer/filing/0000866829-25-000015.json
- Plain text: https://secwatch.observer/filing/0000866829-25-000015.txt

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