secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001558370-25-001409
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000155837025001409/0001558370-25-001409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000155837025001409/hlx-20250224x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-001409

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