Helix sells Shallow Water Abandonment business to Chouest Group for $107.5M cash

HELIX ENERGY SOLUTIONS GROUP INC

Sold Gulf of America shallow water abandonment business to C-Dive (Chouest) for $107.5M cash at closing, adjusted for working capital.
Transaction closed May 1, 2026; aligns with Helix's strategic focus on deepwater operations.
Divestiture follows recent announcement of definitive agreement to combine with Hornbeck Offshore Services.
Helix Executive VP COO notes record financial performance of the divested business and believes Chouest is well-positioned for its growth.

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