Every 10-Q that Helix Energy Solutions Grp Inc (HLX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow HLX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HLX filings page.
Helix Energy Solutions Group reported stronger results for the quarter ended June 30, 2026. Net revenues from continuing operations were $304.0 million, up 21% year over year, with gross profit of $56.2 million and income from continuing operations of $15.3 million versus a loss in 2025. Including discontinued operations, net income was $22.7 million or $0.15 per share.
Helix completed the sale of its Helix Alliance shallow-water decommissioning business for an estimated $104.2 million cash, recording a $16.1 million pre-tax gain and sharpening its focus on deepwater well intervention, robotics and production facilities. Operating cash flow from continuing operations reached $101.5 million in the first half, supporting Free Cash Flow of $105.7 million and a cash balance of $652.2 million against total debt of $304.3 million, resulting in a net cash position. Backlog was about $1.1 billion, with $421 million expected to be performed during the remainder of 2026. Helix also agreed to merge with Hornbeck Offshore Services; on a fully diluted basis, existing Helix and Hornbeck securityholders are expected to own approximately 45% and 55% of the combined company, respectively, subject to shareholder approval and closing conditions.
Helix Energy Solutions Group posted a weak first quarter but remains financially strong and is pursuing a transformative merger. Net revenues rose to $287.9M, up 4%, but higher costs drove a net loss of $13.4M, or $(0.09) per share, versus a $3.1M profit a year earlier. Adjusted EBITDA fell to $32.3M from $52.0M, mainly from lower margins in Well Intervention and a swing to loss in Production Facilities after Thunder Hawk workover costs.
Despite softer earnings, operations generated strong cash. Free Cash Flow jumped to $59.0M from $12.0M, lifting cash and equivalents to $501.3M. Long-term debt including current maturities was $303.8M, leaving Net Debt at a net cash position of $(197.5M) and liquidity of $611.7M, including $113.0M of undrawn ABL capacity.
Backlog was about $1.2B, with $551M expected in 2026. Helix agreed to merge with Hornbeck Offshore Services, after converting to a Delaware corporation, with current Helix shareholders expected to own about 45% of the combined company and Hornbeck holders about 55%. The company also suspended buybacks under its $200M repurchase program, leaving $128.4M authorized but inactive.
Helix Energy Solutions Group (HLX) reported Q3 2025 results. Net revenues were $376.960 million versus $342.419 million a year ago, with income from operations of $47.851 million. Net income was $22.083 million, or $0.15 per diluted share, compared with $29.514 million, or $0.19, as a higher effective tax rate weighed on earnings.
For the nine months, net revenues were $957.312 million versus $1.003 billion, and net income was $22.557 million versus $35.516 million. Operating cash flow was $23.586 million versus $108.051 million, reflecting working capital movements. Cash and cash equivalents were $338.033 million, and long‑term debt was $297.828 million. The company repurchased 4,643,060 shares for approximately $30.0 million year to date, with $128.4 million remaining under the 2023 program.
Backlog visibility improved: unsatisfied performance obligations totaled $1.3 billion, expected to be recognized as $207.6 million in 2025, $542.0 million in 2026, and $559.9 million thereafter. As of October 20, 2025, 147,080,917 shares were outstanding.