Helix Energy Solutions Group, Inc., founded in 1979 and based in Houston, Texas, (and known as Cal Dive International, Inc., until its ...
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Est. EPS $0.24 · Revenue $1.29B · 1 analysts
Est. EPS $0.56 · Revenue $1.43B · 2 analysts
Est. EPS $0.32 · Revenue $605.28M · 1 analysts
Est. EPS $0.24 · Revenue $536.07M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.3B | -4.9% | +5.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $30.8M | -44.6% | +269.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +12.3% | -23.8% | +502.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +5.0% | -46.2% | +290.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +2.4% | -41.7% | +260.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $120.4M | -26.0% | -20.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +9.3% | -22.2% | -25.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 39.9% | -8.4% | -4.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.69x | +15.4% | +18.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.7B | +3.9% | +0.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.21 vs 0.17 | +20.1% | 0.15 vs 0.32 | -53.1% |
| Revenue Surprise | $1.3B vs $1.3B | +2.5% | $304.0M vs $605.3M | -49.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Feb 26, 2026 | Staffeldt Erik | officer: EVP & CFO | Performance Share Units | D | 132,995 | — |
| Feb 26, 2026 | Sparks Scott Andrew | officer: EVP & COO | Performance Share Units | D | 140,667 | — |
| Feb 26, 2026 | Neikirk Kenneth English | officer: EVP, GEN COUNSEL & SECRETARY | Performance Share Units | D | 97,188 | — |
| Feb 26, 2026 | KRATZ OWEN E | director, officer: PRESIDENT & CEO | Performance Share Units | D | 368,292 | — |
| Jan 3, 2026 | Arriaga Brent Alexander | officer: VP and CAO | Common Stock | A | 5,646 | — |
Operator: Good morning, and welcome to today's conference call to discuss the combination of Helix Energy Solutions and Hornbeck Offshore. As well as Helix's first quarter 26 results. Please note this event is being recorded. At this time, all participants are in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be a question-and-answer session. To ask a question, you may press star, then 1, on a touch-tone phone. To withdraw your question, please press star, then 2. You can find today's investor presentation as well as the press release regarding the transaction at each company's Investor Relations website. The press release regarding Helix's first quarter 26 results can be found at Helix's Investor Relations website as well as the earnings presentation. I would now like to turn the call over to Erik Staffeldt, Executive Vice President and Chief Financial Officer at Helix. Please go ahead. Erik Staffeldt: Thank you, and good morning. As highlighted, any forward-looking statements we make during today's conference call are given in the context of today only. And are subject to important risks as discussed in the presentation. Actual results and events could differ materially from those discussed here, Please also refer to the additional information discussed on this slide as well as in our SEC filings. I will now turn to a brief overview of Helix's first quarter 26 results. Helix's team delivered another well executed quarter. Safely and efficiently providing our customers with world-class service. Our first quarter results reflect expected seasonal levels during the winter in the North Sea and Gulf of America shelf. Impacting our well intervention robotics and shallow water abandonment segments. And they reflect the cost of the successful workover of Thunder Hawk Field. Revenues for the first quarter were $288 million with a gross profit of $9 million resulting in a net loss of $13 million Adjusted EBITDA for the quarter was $32 million with operating cash flow of $62 million resulting in free cash flow of $9 million Highlights for the quarter include strong utilization on the Q4 thousand performing well intervention work at improved rates. The successful workover and recommencement of production of our Thunder Hawk field, a return to a 2-vessel market in the North Sea with the Seawell reactivation and return to operations. Good utilization expected in 2026. And strong cash flow generation of $59 million as I shared earlier. With that, our cash position and liquidity remain strong with $501 million of cash and $612 million of liquidity at the end of the quarter. Overall, our first quarter results were as expected, perhaps even marginally better than expected. The current macro environment remains uncertain, but we are seeing some positive developments in the markets we serve. Both supply disruptions, increased commodity prices, and …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Owen E. Kratz | President, Chief Executive Officer & Director | USD 1,228,750 | Male | 1954 | Active |
Erik Staffeldt | Executive Vice President & Chief Financial Officer | USD 629,750 | Male | 1972 | Active |
Scott Andrew Sparks | Executive Vice President & Chief Operating Officer | USD 621,000 | Male | 1974 | Active |
Kenneth English Neikirk | Executive Vice President, General Counsel & Corporate Secretary | USD 575,750 | Male | 1975 | Active |
Angie Wickert | Deputy General Counsel, Sustainability & Compliance Officer, & Assistant Secretary | — | — | — | Active |
Leigh Beck | Vice President & Chief Technical Officer | — | — | — | Active |
Fred Vleghert | Managing Director of Helix do Brasil | — | Male | — | Active |
Brent Alexander Arriaga | Chief Accounting Officer and Vice President of Finance & Accounting | — | Male | 1975 | Active |
Kenric McNeal | Director of Human Resources | — | Male | — | Active |
Stephen Wren | Chief Information Officer | — | — | — | Active |
BlackRock Inc. bought a new position in Helix Energy Solutions Group, Inc. (NYSE: HLX) in the undefined quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,731,079 shares of the oil and gas company's stock, valued at approximately $198,670,000. BlackRock Inc. owned approximately 15.42% of Helix
Helix Energy Solutions (HLX) will merge with Hornbeck Offshore Services in an all-stock deal, forming a diversified offshore contractor under ticker HOS, pending a pivotal August 31, 2026 shareholder vote. HLX's Q2 2026 results showed EPS strength despite a revenue miss, with a return to core deepwater and subsea operations after divesting its Shallow Water Abandonment business. The combined entity will have a de-risked balance sheet, $717M in liquidity, ultra-low 0.1x net leverage, and targets $75M in annual synergies, positioning it for expanded project scope and resilience.
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