---
schema_version: "secwatch.filing_event.v1"
accession: "0000866829-26-000021"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2026-08-06T12:05:57+00:00"
generated_at: "2026-08-06T12:10:20.967815+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Helix Q2 net income $22.7M, revenue up 21% YoY; merger with Hornbeck on track for Sept 1

## Summary
- Net income of $22.7M ($0.15 diluted EPS) vs net loss of $2.6M in Q2 2025; revenue $304M, up 21% YoY.
- Adjusted EBITDA $69.9M, more than double Q1 2026's $32.3M; free cash flow $46.7M.
- Merger with Hornbeck expected to close Sept 1, 2026, subject to shareholder vote Aug 31; annual guidance withdrawn.
- Cash and cash equivalents $652.2M; net debt negative $347.9M (net cash position).
- Well Intervention revenue $208.1M, up 33% YoY; Production Facilities revenue up 74% YoY on Thunder Hawk restart.

## SEC filing metadata
- accession: 0000866829-26-000021
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2026-08-06T12:05:57+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866829/000086682926000021/0000866829-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000086682926000021/hlx-20260806x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866829-26-000021
- JSON: https://secwatch.observer/filing/0000866829-26-000021.json
- Plain text: https://secwatch.observer/filing/0000866829-26-000021.txt

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