Highest-materiality recent filing
Helix recasts 2025 Form 10-K to show Helix Alliance as discontinued operations after May sale
Sold all equity interests of Helix Alliance (Shallow Water Abandonment segment) on May 1, 2026.
Helix Q2 net income $22.7M, revenue up 21% YoY; merger with Hornbeck on track for Sept 1
Net income of $22.7M ($0.15 diluted EPS) vs net loss of $2.6M in Q2 2025; revenue $304M, up 21% YoY.
FTC grants early HSR termination for Helix-Hornbeck merger; closing expected H2 2026
FTC early termination of HSR waiting period received June 11, 2026, clearing antitrust hurdle.
Helix Energy Solutions reports annual meeting voting results; all proposals approved
Director nominees Paula Harris, Amy H. Nelson, and William L. Transier elected as Class III directors (three-year term).
Helix sells Shallow Water Abandonment business to Chouest Group for $107.5M cash
Sold Gulf of America shallow water abandonment business to C-Dive (Chouest) for $107.5M cash at closing, adjusted for working capital.
Helix shareholders will own ~45%, Hornbeck shareholders ~55% of the combined company post-merger.
Helix Q1 2026 net loss of $13.4M vs year-ago profit; revenue up but costs weigh
Diluted EPS of ($0.09) vs $0.02 in Q1 2025; net loss of $13.4M vs net income of $3.1M a year ago.
Helix-Hornbeck all-stock merger: Hornbeck owners get 55%, Helix 45% - $75M annual synergies
Fixed exchange ratio: 10.27167 Helix shares per Hornbeck share; pro forma ownership 55% Hornbeck, 45% Helix.
Helix Q4 net income $8.3M, down 63% QoQ; $18.1M impairment; cash $445M
Q4 net income $8.3M ($0.06 diluted) vs Q3 $22.1M ($0.15) and Q4 2024 $20.1M ($0.13). Full year 2025 net income $30.8M ($0.21) vs 2024 $55.6M ($0.36).
Helix Energy Solutions extends subsea alliance with Schlumberger by 9 months
Amendment No. 2 extends the Strategic Alliance Agreement term from Jan 5, 2026 to Oct 5, 2026.
Helix Energy CEO Owen Kratz to retire; will continue until successor named
Owen Kratz informed Board on Dec 17, 2025 of his intention to retire as President & CEO.
Helix Q3 net income $22.1M ($0.15 EPS), Adj. EBITDA $103.7M; raises FY2025 guidance
Net income $22.1M ($0.15 diluted EPS) vs Q2 loss $2.6M; Adj. EBITDA $103.7M, highest quarterly since 2014.
Helix posts Q2 net loss of $2.6M; revenue down 17% YoY to $302M
Diluted EPS loss of ($0.02) vs $0.21 profit in Q2 2024; adjusted EBITDA $42.4M (down 56% YoY).
Helix Energy completes $30M share repurchase in Q2 2025 under 10b5-1 plan
Completed approximately $30 million in share repurchases during Q2 2025 under February 2023 Board authorization.
Helix reports Q1 net income $3.1M, down 85% from Q4; revenue $278M, down 22% sequentially
Net income $3.1M ($0.02 diluted) vs $20.1M ($0.13) in Q4 2024 and net loss $26.3M in Q1 2024.
Helix Q4 net income $20.1M ($0.13); FY free cash flow highest in two decades at $163.2M
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.
Helix extends subsea alliance with Schlumberger group by one year to Jan 5, 2026
Amendment extends Strategic Alliance Agreement term from Jan 5, 2025 to Jan 5, 2026.
Helix Q3 net income $29.5M ($0.19/diluted); backlog up >$800M on three contracts
Revenue $342.4M, down 13% YoY; net income $29.5M vs $15.6M in Q3 2023.
Helix Energy Solutions Group files 8-K to disclose updated investor presentation
Helix Energy Solutions (NYSE: HLX) filed an 8-K on September 3, 2024 to disclose an updated company presentation.
Director Amerino Gatti resigns from Helix board effective Aug 30, 2024
Amerino Gatti resigned as director on Aug 30 to start a full-time officer role at a major global energy company.
Helix extends ABL Facility maturity to August 2029, ups LC basket to $55M
Maturity of ABL Facility extended from Sep 30, 2026 to Aug 2, 2029.
Helix swings to Q2 net income $32.3M; revenue $364.8M up 18% YoY
Net income $32.3M ($0.21/diluted) vs Q1 loss $26.3M and Q2 2023 income $7.1M.
Helix shareholders approve all four proposals at 2024 annual meeting
Elected directors Amerino Gatti, Diana Glassman, Owen Kratz as Class II with votes for 119.9M to 125.1M.
Helix Q1 2024 net loss $26.3M ($0.17/diluted); revenue $296.2M, up 18% YoY
Revenue $296.2M (+18% YoY); adjusted EBITDA $47.0M vs $35.1M a year ago.
Helix Energy retires all 6.75% convertible notes due 2026; pays $60.2M in cash
Redeemed $0.3M principal & settled conversions of $39.9M principal at $1,127.78 per $1,000 note.
Helix Energy furnishes updated investor presentation for March 2024 conferences
Presentation posted as Exhibit 99.1 and on the Company's website under 'For the Investor'.
Helix Q4 net loss $28.3M on $37.3M debt repurchase loss; FY adj. EBITDA up 126% to $273M
Q4 2023 net loss $28.3M ($0.19 diluted EPS) vs Q3 net income $15.6M ($0.10); revenue $335.2M, down 15% sequentially.
Helix repurchases $160M of 6.75% convertible notes due 2026 for cash and stock
Repurchased and exchanged $160M aggregate principal of 2026 Notes for 1.5M shares and $218M cash (net of $16M from capped call unwind).
Helix repurchases $141M of 6.75% convertible notes due 2026; pays cash and shares
Repurchased $141M aggregate principal of 6.75% Convertible Senior Notes due 2026; settlement expected by Dec 27, 2023.
Helix Energy issues $300M of 9.750% Senior Notes due 2029 to refinance convertibles
$300M aggregate principal, 9.750% coupon, maturity March 1, 2029; interest payable March 1 and Sept 1.
Helix prices $300M 9.750% Senior Notes due 2029 to refinance 2026 convertibles
$300M aggregate principal, 9.750% coupon, matures March 1, 2029.
Helix to offer $300M senior notes due 2029, refinance 6.75% convertible notes due 2026
Announced intention to offer $300M Senior Notes due 2029 in a private placement.
Helix Q3 net income $15.6M, revenue $395.7M, highest quarterly EBITDA since 2014
Q3 net income $15.6M ($0.10/diluted) vs Q2 $7.1M and year-ago loss $18.8M; adjusted EBITDA $96.4M.
Helix Energy adopts mandatory clawback policy for incentive compensation
Board adopted Mandatory Recoupment Policy on September 18, 2023, effective immediately.
Helix Q2 net income $7.1M vs prior loss; revenue $309M (+90% YoY); guides 2023 higher
Net income of $7.1M ($0.05 diluted EPS) vs Q1 loss of $5.2M and Q2 2022 loss of $29.7M.
Helix expands ABL facility by $20M to $120M via accordion feature
Executed Amendment No. 2 on June 23, 2023, increasing aggregate lender commitments from $100M to $120M.
Helix Energy shareholders elect three directors, ratify KPMG, back say-on-pay
Elected Class III directors Harris, Nelson, and Transier with plurality votes; broker non-votes of 10.3M.
Helix Q1 net loss $5.2M, EPS -$0.03; revenue $250M, down 13% QoQ
Net loss $5.2M ($0.03 diluted EPS) versus net income $2.7M ($0.02) in Q4 2022.
Helix Energy furnishes updated investor presentation; no specific new material information
Filed 8-K under Item 7.01 to disclose an updated company presentation for investor communications.
Helix Q4 net income $2.7M; full-year net loss $87.8M; board authorizes $200M buyback
Q4 2022 net income $2.7M ($0.02 diluted EPS) vs Q3 loss $18.8M and Q4 2021 loss $25.9M.
Helix Energy increases 2023 executive bonus max to 190% of target; adds ESG metrics
Target bonus percentages for named executive officers unchanged from 2022 STI Program.
Company filed an updated investor presentation for use in communications and conferences.
Helix Q3 net loss narrows to $18.8M; revenue up 51% YoY to $272.5M
Net loss of $18.8M ($0.12/share) improved from $29.7M in Q2 and $19.0M in Q3 2021; revenue $272.5M (+51% YoY, +68% QoQ).
Helix Energy Solutions appoints Glassman and Harris to board; size increases to 8
Board expanded from six to eight directors; Diana Glassman and Paula Harris elected September 20, 2022.
Helix files historical and pro forma financial statements for Alliance acquisition
Alliance 2021 net revenues $114.3M, net income $3.7M.
Helix Energy files updated investor presentation for September 2022
Presentation furnished as Exhibit 99.1 for use in investor communications and conferences.
Helix Q2 net loss $29.7M ($0.20/sh); revenue $162.6M; acquires Alliance for $120M cash
Net loss $29.7M, improved from Q1 loss of $42.0M but worse than Q2 2021 loss of $13.7M.
Helix completes $120M acquisition of Alliance group; ABL facility upsized to $100M
Acquired all equity of Alliance for approx. $120M in cash from cash on hand; subject to post-closing adjustments.
Director Jan Rask resigns after majority withhold vote; Board reduces to six
Jan Rask tendered resignation May 18 after receiving more 'withhold' than 'for' votes at 2022 annual meeting.
Helix Energy Solutions reports results of 2022 annual shareholder meeting
Elected T. Mitch Little, John V. Lovoi, Jan Rask as Class I directors for three-year terms.
On August 27, 2024, Amerino Gatti notified the Board of Directors (the “Board”) of Helix Energy Solutions Group, Inc. (“Helix” or the “Company”) of his intention to resign as a director of the Company effective as of August 30, 2024.
the Board of Directors (the “Board”) of Helix Energy Solutions Group, Inc. (“Helix”), pursuant to Helix’s By-Laws, increased the size of the Helix Board from six to eight directors, and also elected each of Diana Glassman and Paula Harris as a director, both effective as of September 20, 2022.
the Board of Directors (the “Board”) of Helix Energy Solutions Group, Inc. (“Helix”), pursuant to Helix’s By-Laws, increased the size of the Helix Board from six to eight directors, and also elected each of Diana Glassman and Paula Harris as a director, both effective as of September 20, 2022.
Following certification of the vote of the Company’s 2022 Annual Meeting of Shareholders, in accordance with the Guidelines on May 18, 2022 Jan Rask tendered his offer of resignation.
Effective December 8, 2021, Brent Arriaga was appointed Chief Accounting Officer and Corporate Controller of Helix and designated as its “principal accounting officer”
increased the size of the Helix Board from six to seven directors, and also elected T. Mitch Little as a director, both effective as of July 22, 2021.
Max materiality 0.85 · Median 0.60 · Most common event earnings