HLX

The companies agreed an all-stock deal expected to close in 2H 2026 with Helix shareholders owning ~45% and Hornbeck ~55%; management expects the merger to produce $75 million+ in annual synergies within three years and the combined company will trade as HOS with Todd Hornbeck as CEO and Bill Transier as chairman. Helix reported Q1 revenue of $288 million, a net loss of $13 million and adjusted EBITDA of $32 million, ended the quarter with $501 million in cash and $612 million of liquidity, and reiterated 2026 guidance of $1.2–1.4 billion revenue, $230–290 million EBITDA, $70–80 million capex, and $100–160 million free cash flow. The pro forma business would operate a ~73‑vessel fleet with a fair market value of $2.8 billion and about $2 billion of combined backlog, increasing exposure to deepwater, defense and renewables markets and leveraging ROV and trenching capabilities. Interested in Helix Energy Solutions Group, Inc.? Here are five stocks we like better. 16 Top Robotics Companies to Get to Know in 2023 Helix Energy Solutions Group (NYSE:HLX) and Hornbeck Offshore Services used a joint conference call to outline a planned all-stock combination and to review Helix’s first-quarter 2026 financial results. Executives from both companies emphasized the strategic rationale of pairing Helix’s well intervention, robotics, and subsea services with Hornbeck’s fleet of offshore support vessels, while also highlighting expected synergies and a broader end-market opportunity set spanning energy, defense, and renewables. Helix Executive Vice President and Chief Financial Officer Erik Staffeldt said the company delivered “another well-executed quarter” but noted that first-quarter performance reflected “expected seasonal levels during the winter in the North Sea and Gulf of Mexico shelf,” which impacted well intervention, robotics, and shallow water abandonment. He also cited costs tied to “the successful workover of Thunder Hawk Field.” → The Trade Desk: Down 75%, But a Reversal May Be Near Staffeldt reported first-quarter revenue of $288 million and gross profit of $9 million, resulting in a net loss of $13 million. Adjusted EBITDA was $32 million, with operating cash flow of $62 million and free cash flow of $59 million. He highlighted strong utilization on the Q4000, improved well intervention rates, the Thunder Hawk workover and return to production, and the rea...

This article first appeared on GuruFocus. Revenue: $288 million for the first quarter. Gross Profit: $9 million for the first quarter. Net Loss: $13 million for the first quarter. Adjusted EBITDA: $32 million for the first quarter. Operating Cash Flow: $62 million for the first quarter. Free Cash Flow: $59 million for the first quarter. Cash Position: $501 million at the end of the quarter. Liquidity: $612 million at the end of the quarter. Funded Debt: $310 million at the end of the quarter. 2026 Revenue Guidance: $1.2 billion to $1.4 billion. 2026 EBITDA Guidance: $230 million to $290 million. 2026 CapEx Guidance: $70 million to $80 million. 2026 Free Cash Flow Guidance: $100 million to $160 million. Warning! GuruFocus has detected 7 Warning Sign with HLX. Is HLX fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Helix Energy Solutions Group Inc (NYSE:HLX) reported strong cash flow generation of $59 million in the first quarter of 2026. The company maintained a robust cash position with $501 million in cash and $612 million in liquidity at the end of the quarter. Helix Energy Solutions Group Inc (NYSE:HLX) successfully completed the workover and recommencement of production at the Thunder Hawk Field. The strategic combination with Hornbeck Offshore is expected to create a premier integrated offshore services company with significant annual revenue and cost synergies of $75 million or more within three years. The combined company will have a diversified and expanded fleet, enhancing its ability to meet a broader range of customer needs in deepwater energy, defense, and renewables. Helix Energy Solutions Group Inc (NYSE:HLX) reported a net loss of $13 million for the first quarter of 2026. The company's first quarter results were impacted by expected seasonal levels during the winter in the North Sea and Gulf of America shelf. The macro environment remains uncertain, with potential challenges from oil supply disruptions and increased regulatory enforcement in the North Sea. The merger with Hornbeck Offshore is subject to approval by Helix shareholders and applicable regulatory approvals, which could pose risks to the transaction's completion. The company anticipates variability in free cash flow generation due to potent...

HOUSTON, April 08, 2026--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its first quarter 2026 results on Wednesday, April 22, 2026, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com. Helix will review its first quarter 2026 results on Thursday, April 23, 2026, at 9:00 a.m. Central Time via a teleconference and webcast. Investors and other interested parties wishing to participate should dial 1-800-715-9871 within the United States or 1-646-307-1963 outside the United States. The passcode is "Staffeldt." A live webcast of the teleconference will be available in a listen-only mode on the Investor Relations section of Helix’s website. A replay of the webcast will be available on Helix’s website shortly after the completion of the event. About Helix Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations. Our services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields and supporting renewable energy developments. For more information about Helix, please visit our website at www.helixesg.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260408291478/en/ Contacts Erik Staffeldt, Executive Vice President and CFO Ph 281-618-0400

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at oilfield services stocks, starting with Helix Energy Solutions (NYSE:HLX). Oilfield services companies provide equipment, technology, and services enabling exploration and production activities, including drilling, completion, well intervention, and reservoir evaluation. Their fortunes closely track upstream capital spending cycles. Tailwinds include increased drilling activity during favorable commodity environments, demand for efficiency-enhancing technologies, and growing offshore and unconventional resource development. Headwinds include significant revenue volatility tied to oil and gas price swings and producer spending discipline. Intense competition pressures pricing and margins, while the energy transition may structurally reduce long-term demand. Workforce availability and technological disruption require continuous adaptation. The 26 oilfield services stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 3.7%. Thankfully, share prices of the companies have been resilient as they are up 6.7% on average since the latest earnings results. Playing a pivotal role in the 2010 Macondo oil spill response with its Q4000 vessel, Helix Energy Solutions (NYSE:HLX) provides specialized services to extend the life of offshore oil and gas wells and decommission aging infrastructure. Helix Energy Solutions reported revenues of $334.2 million, down 5.9% year on year. This print exceeded analysts’ expectations by 11.6%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. Owen Kratz, President and Chief Executive Officer of Helix, stated, “Our fourth quarter financial results, accounting for seasonal impacts, highlight the outstanding execution by the Helix team. Our team delivered $74 million of EBITDA, our highest fourth quarter EBITDA since 2013. We generated Free Cash Flow of over $100 million during the quarter, delivering $120 million of Free Cash Flow for the full year 2025. We have amassed a substantial cash balance, $445 million at year end, providing significant optionality for its deployment. The market does remain volatile. Oil prices declined nearly 20% year over year...

The past six months have been a windfall for Helix Energy Solutions’s shareholders. The company’s stock price has jumped 46.4%, hitting $9.61 per share. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation. Is now the time to buy Helix Energy Solutions, or should you be careful about including it in your portfolio? Get the full stock story straight from our expert analysts, it’s free. We’re glad investors have benefited from the price increase, but we're sitting this one out for now. Here are two reasons there are better opportunities than HLX and a stock we'd rather own. The size of the revenue base is a way to assess topline, and it tells an investor whether an Energy producer has crossed the line between being a more vulnerable commodity taker and a durable operating platform. Scaled businesses tend to produce and generate revenue from many wells, pads, takeaway routes, and geographies, not just a single field or drilling program. Helix Energy Solutions’s $1.29 billion of revenue in the last year is pretty small for the industry, suggesting the company hasn’t hit a level of diversification where investors can sleep easy at night. In a single quarter or year, gross margins in the sector can swing wildly due to commodity prices, hedging, or changes in labor costs. Over a multi-year period across different points in the cycle, gross margin differences can signal whether a company is a structurally-advantaged producer (“rock” quality, takeaway, operating costs) or not. Helix Energy Solutions, which averaged 11.8% gross margin over the last five years, exhibiting bottom-tier unit economics in the sector. It means the company will struggle at higher commodity prices than peers with better gross margins. Helix Energy Solutions isn’t a terrible business, but it isn’t one of our picks. After the recent surge, the stock trades at 37.8× forward P/E (or $9.61 per share). This valuation tells us it’s a bit of a market darling with a lot of good news priced in - we think there are better stocks to buy right now. Let us point you toward a fast-growing restaurant franchise with an A+ ranch dressing sauce. WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don't just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capita...

Image source: The Motley Fool. Tuesday, Feb. 24, 2026 at 10 a.m. ET Chief Executive Officer — Owen Kratz Chief Operating Officer — Scott Sparks Chief Financial Officer — Erik Staffeldt General Counsel — Kenneth Neikirk Vice President, Commercial — Daniel Stuart Vice President, Finance & Investor Relations — Brent Arriaga Brent Arriaga: Good morning, everyone, and thank you for joining us today on our conference call where we will be reviewing our fourth quarter and full year 2025 earnings release. Participating on this call for Helix Energy Solutions Group, Inc. today are Owen Kratz, our CEO; Scott Sparks, our COO; Erik Staffeldt, our CFO; Kenneth Neikirk, our General Counsel; Daniel Stuart, our Vice President, Commercial; and myself. Hopefully, you have had an opportunity to review our press release and the related slide presentation released last night. If you do not have a copy of these materials, both can be accessed through the Investor Relations page on our website at www.helixesg.com. The press release and slides can be accessed under the News and Events tab. Before we begin our prepared remarks, Kenneth Neikirk will make a statement regarding forward-looking information. Kenneth? Kenneth Neikirk: During this conference call, we anticipate making certain projections and forward-looking statements based on our current expectations and assumptions as of today. Such forward-looking statements may include projections and estimates of future events, business or trends, or business or financial results. All statements in this conference call or in the associated presentation other than statements of historical fact are forward-looking statements and are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Our actual and future results may differ materially from our projections and forward-looking statements due to a number and variety of risks, uncertainties, assumptions, and factors including those set forth in Slide 2 of our presentation and our most recently filed annual report on Form 10-Ks, our quarterly reports on Form 10-Q, and in our other filings with the SEC. You should not place undue reliance on forward-looking statements, and we do not undertake any duty to update any forward-looking statement. We disclaim any written or oral statements made by any third party regarding the subject matter of this confer...

Helix closed 2025 with a stronger-than-expected quarter and year: Q4 revenue of $334M and adjusted EBITDA of $74M, full-year revenue of $1.3B and adjusted EBITDA of $272M, and ended the year with $445M cash and negative net debt of $137M. For 2026 the company guides to revenue of $1.2B–$1.4B, EBITDA of $230M–$290M and free cash flow of $100M–$160M, while warning about ~$40M of year‑over‑year EBITDA pressure from the Thunderhawk workover (~$16M) and a mid‑year Siem Helix 1 recertification (> $20M). Operationally Helix secured multi‑year contracts that should support 2026 utilization—most notably the Siem Helix 1 Petrobras deal and a multi‑year PNA North Sea contract to reactivate the Seawell—and plans to continue capital returns including share repurchases targeting 25% of free cash flow. Interested in Helix Energy Solutions Group, Inc.? Here are five stocks we like better. 16 Top Robotics Companies to Get to Know in 2023 Helix Energy Solutions Group (NYSE:HLX) reported a stronger-than-expected finish to 2025, with management highlighting solid execution across offshore and onshore operations despite seasonal headwinds and pockets of softer market conditions. Chief Operating Officer Scotty Sparks said the fourth quarter was the company’s strongest fourth quarter since 2013, even as winter seasonality typically pressures utilization. Helix posted fourth-quarter revenue of $334 million, gross profit of $51 million, and net income of $8 million. Adjusted EBITDA was $74 million, and the company generated operating cash flow of $113 million and free cash flow of $107 million. → Hinge Health’s AI Moat Might Be Its Patient Movement Data For full-year 2025, Helix reported revenue of $1.3 billion, gross profit of $159 million, and net income of $31 million. Adjusted EBITDA was $272 million, with operating cash flow of $137 million and free cash flow of $120 million. Sparks cited several operational milestones during the quarter and year, including improved late-season activity on the Gulf of America shelf, the transition of the Siem Helix 1 into a three-year Petrobras contract, and the securing of a multi-year PNA contract in the North Sea that is expected to support utilization in 2026 and bring the Seawell out of stacking. → Microsoft Is Sliding—An Insider Buy and Oversold Signals Are Changing the Setup Vice President of Finance and Accounting Brent Arriaga said Hel...

This article first appeared on GuruFocus. Q4 Revenue: $334 million Q4 Gross Profit: $51 million Q4 Net Income: $8 million Q4 Adjusted EBITDA: $74 million Q4 Operating Cash Flow: $113 million Q4 Free Cash Flow: $107 million Full Year Revenue: $1.3 billion Full Year Gross Profit: $159 million Full Year Net Income: $31 million Full Year Adjusted EBITDA: $272 million Full Year Operating Cash Flow: $137 million Full Year Free Cash Flow: $120 million Cash and Cash Equivalents at Year-End: $445 million Liquidity at Year-End: $554 million Total Funded Debt at Year-End: $315 million Negative Net Debt at Year-End: $137 million 2026 Revenue Guidance: $1.2 billion to $1.4 billion 2026 EBITDA Guidance: $230 million to $290 million 2026 CapEx Guidance: $70 million to $80 million 2026 Free Cash Flow Guidance: $100 million to $160 million Warning! GuruFocus has detected 7 Warning Sign with HLX. Is HLX fairly valued? Test your thesis with our free DCF calculator. Release Date: February 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Helix Energy Solutions Group Inc (NYSE:HLX) reported a strong fourth quarter, with revenues of $334 million and a net income of $8 million, marking the highest fourth quarter since 2013. The company achieved positive free cash flow of $107 million in the fourth quarter, contributing to a strong cash and liquidity position with $445 million in cash and $554 million in liquidity at year-end. The Robotics segment performed well, operating six vessels and achieving strong utilization, with a robust outlook for trenching and renewables projects through 2030. Helix secured a multiyear P&A contract in the North Sea, which is expected to enhance vessel utilization in 2026. The company has a strong backlog for 2026, supported by contracts for key well intervention assets and trenching contracts in the Robotics segment, indicating a positive outlook despite macroeconomic uncertainties. The Q4000 experienced lower utilization in the Gulf of America due to gaps in the schedule and lower rates for decommissioning projects. The Sea Helix 1 is scheduled for a 10-year recertification midyear 2026, which is expected to impact results by more than $20 million. The macroeconomic environment remains uncertain, with geopolitical tensions and regional conflicts affecting market dynamics. The shallow water a...

Helix Energy Solutions Group (HLX) reported late Monday Q4 earnings of $0.06 per diluted share, down

The fourth quarter of 2025 was the strongest since 2013, driven by high utilization in Brazil and late-season activity in the Gulf of America shelf. Management attributes a 10% year-over-year EBITDA decline to a 'soft' macro environment where a lack of market conviction led to deferred projects and lower rates. The North Sea market experienced an unexpected collapse in 2025 due to operator mergers and regulatory uncertainty, though decommissioning activity is now showing signs of a multi-year recovery. Robotics remains a strategic bright spot, with high-spec vessel renewals and a robust pipeline of renewable and trenching tenders extending as far as 2032. Strategic positioning in the Gulf of America involved accelerating the Q4000 dry dock into 2025 to maximize availability for an anticipated stronger market in 2026. The company has transitioned from a debt-reduction phase to a capital-deployment phase, supported by a 'war chest' of cash and negative net debt. 2026 is characterized as a transition year with EBITDA guidance of $230 million to $290 million, heavily impacted by $40 million in non-recurring maintenance and intervention costs. Management anticipates a stronger 2027 across all segments as drilling rig utilization increases, forcing operators to shift well intervention work back to specialized vessels. Guidance assumes the Q7000 will transition between Brazil and West Africa, with potential utilization gaps as it targets larger contracts in Nigeria or Angola. The company plans to return 25% of free cash flow to shareholders via repurchases while actively evaluating 'actionable' M&A opportunities to expand geographic reach or solution capabilities. Free cash flow generation is expected to be skewed toward the second half of 2026 due to front-loaded capital spending on vessel dry docks and robotics fleet renewals. A $16 million expense for the Thunder Hawk field workover will negatively impact Q1 2026 results, though it is expected to restore production by April. The Sea Helix 1 faces a 45-day scheduled 10-year recertification docking mid-year, representing a more than $20 million impact to 2026 EBITDA. CEO Owen Kratz announced his intent to retire, with the Board currently executing a succession plan involving outside advisers to ensure business continuity. Increased competition is expected in the shallow water abandonment segment for 2026 as contra...

Helix Energy (HLX) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +900.00%. A quarter ago, it was expected that this offshore oil and gas services contractor would post earnings of $0.15 per share when it actually produced earnings of $0.15, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Helix Energy, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $334.16 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 12.28%. This compares to year-ago revenues of $355.13 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Helix Energy shares have added about 42.6% since the beginning of the year versus the S&P 500's gain of 0.9%. While Helix Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Helix Energy was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the com...

HOUSTON (AP) — HOUSTON (AP) — Helix Energy Solutions Group Inc. (HLX) on Monday reported profit of $8.3 million in its fourth quarter. On a per-share basis, the Houston-based company said it had net income of 6 cents. Earnings, adjusted for asset impairment costs, came to 16 cents per share. The offshore oil and gas services contractor posted revenue of $334.2 million in the period. For the year, the company reported profit of $30.8 million, or 21 cents per share. Revenue was reported as $1.29 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLX at https://www.zacks.com/ap/HLX