secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2026-08-06T12:05:57+00:00
Accession:  0000866829-26-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helix Q2 net income $22.7M, revenue up 21% YoY; merger with Hornbeck on track for Sept 1
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- 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- Merger with Hornbeck expected to close Sept 1, 2026, subject to shareholder vote Aug 31; annual guidance withdrawn.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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000086682926000021/0000866829-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000086682926000021/hlx-20260806x8k.htm
  HTML page:      https://secwatch.observer/filing/0000866829-26-000021

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