Helix (NYSE: HLX) extends subsea well intervention alliance term

Rhea-AI Filing Summary

Helix Energy Solutions Group, Inc. entered into Amendment No. 2 to its Strategic Alliance Agreement with multiple Schlumberger-affiliated entities on February 12, 2026. This amendment extends their existing subsea well intervention alliance by nine months, moving the expiration date from January 5, 2026 to October 5, 2026.

The alliance covers the global design, development, manufacturing, promotion, marketing and sale of integrated equipment and services for subsea well intervention systems, signaling continued collaboration between Helix and its partners for at least the extended term.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 13, 2026 (February 12, 2026)

HELIX ENERGY SOLUTIONS GROUP, INC.

(Exact name of registrant as specified in its charter)

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Minnesota	001-32936	95-3409686
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
3505 West Sam Houston Parkway North	​	​
Suite 400	​	​
Houston, Texas	​	77043
(Address of principal executive offices)	​	(Zip Code)

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Registrant’s telephone number, including area code: 281-618-0400

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	​ ​ ​	Trading Symbol(s)	​ ​ ​	Name of each exchange on which registered
Common Stock, no par value	​	HLX	​	New York Stock Exchange

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 1.01. Entry into a Material Definitive Agreement.

On February 12, 2026, Helix Energy Solutions Group, Inc. (“Helix”), OneSubsea LLC, OneSubsea UK Limited, Schlumberger Technology Corporation, Schlumberger B.V. and Schlumberger Oilfield Holdings Ltd. entered into an amendment (“Amendment No. 2”) to the Strategic Alliance Agreement entered into by the parties on January 5, 2015 (as amended, the “Alliance Agreement”). The Alliance Agreement provides the terms for the parties’ strategic alliance to design, develop, manufacture, promote, market and sell on a global basis integrated equipment and services for subsea well intervention systems. The Alliance Agreement originally provided for a ten-year term and was previously amended to extend the term until January 5, 2026. Amendment No. 2 further extends the term of the Alliance Agreement by nine months until October 5, 2026. The foregoing description of Amendment No. 2 does not purport to be complete and is qualified in its entirety by reference to Amendment No.2, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

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Item 9.01. Financial Statements and Exhibits.

(d)         Exhibits.

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Exhibit Number	​ ​ ​	Description
10.1	​	Amendment 2 to Strategic Alliance Agreement.
104	​	Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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Date: February 13, 2026	​ ​ ​	​
​	​	HELIX ENERGY SOLUTIONS GROUP, INC.
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	​	By:	/s/ Kenneth E. Neikirk
​	​	​	Kenneth E. Neikirk
​	​	​	Executive Vice President, General Counsel and Corporate Secretary

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FAQ

What agreement did Helix Energy Solutions Group (HLX) amend in this 8-K?

Helix Energy Solutions Group amended its existing Strategic Alliance Agreement with several Schlumberger-related entities. The alliance covers global design, development, manufacturing, promotion, marketing and sale of integrated equipment and services for subsea well intervention systems, originally entered into on January 5, 2015 and previously amended once.

How long is the Helix (HLX) subsea alliance extended under Amendment No. 2?

Amendment No. 2 extends the term of the Strategic Alliance Agreement by nine months. The agreement, which had already been extended once to January 5, 2026, will now run until October 5, 2026, providing additional time for joint subsea well intervention activities.

Who are the counterparties to Helix (HLX) in the amended Strategic Alliance Agreement?

The counterparties are OneSubsea LLC, OneSubsea UK Limited, Schlumberger Technology Corporation, Schlumberger B.V. and Schlumberger Oilfield Holdings Ltd. These entities, together with Helix, participate in the strategic alliance focused on integrated subsea well intervention equipment and services on a global basis under the Alliance Agreement.

What is the primary focus of Helix’s Strategic Alliance Agreement described in the 8-K?

The Strategic Alliance Agreement focuses on designing, developing, manufacturing, promoting, marketing and selling integrated equipment and services for subsea well intervention systems worldwide. It establishes a framework for Helix and its alliance partners to collaborate commercially across these technical and service activities in subsea well intervention markets.

When was the original Helix (HLX) Strategic Alliance Agreement signed and for how long?

The original Strategic Alliance Agreement was entered into on January 5, 2015 and initially provided for a ten-year term. It was later amended to extend the term until January 5, 2026, before Amendment No. 2 added a further nine-month extension to October 5, 2026.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 26.7 KB

Other Documents

• EX-101 EX-101.SCH 2.6 KB
• EX-101 EX-101.LAB 15.6 KB
• EX-101 EX-101.PRE 9.8 KB