Highest-materiality recent filing
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 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 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 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 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 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.
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.
Max materiality 0.85 · Median 0.72 · Most common event earnings