---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-001409"
form_type: "8-K"
ticker: "HLX"
cik: "0000866829"
company_name: "HELIX ENERGY SOLUTIONS GROUP INC"
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T05:18:50.247284+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helix Q4 net income $20.1M ($0.13); FY free cash flow highest in two decades at $163.2M

## Summary
- Q4 2024 net income $20.1M ($0.13 diluted EPS) vs $29.5M ($0.19) in Q3 2024 and net loss of $28.3M in Q4 2023.
- Full year 2024 net income $55.6M ($0.36 diluted EPS) vs net loss $10.8M in 2023; adjusted EBITDA $303.1M, highest since 2014.
- Cash and equivalents $368.0M; consolidated debt $315.2M; negative net debt of $52.9M.
- Free cash flow record $163.2M in 2024 (up 22% YoY); repurchased 2.9M shares for $29.6M.
- Shallow Water Abandonment revenue fell 39% YoY to $37.7M; operating loss of $5.4M vs income $12.0M in Q4 2023.

## SEC filing metadata
- accession: 0001558370-25-001409
- form_type: 8-K
- ticker: HLX
- cik: 0000866829
- company_name: HELIX ENERGY SOLUTIONS GROUP INC
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/866829/000155837025001409/0001558370-25-001409-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866829/000155837025001409/hlx-20250224x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-001409
- JSON: https://secwatch.observer/filing/0001558370-25-001409.json
- Plain text: https://secwatch.observer/filing/0001558370-25-001409.txt

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