Helix returns to profit in Q2 FY26 with net income of $22.7 million; revenue rises 21% to $304 million vs Q2 FY25
I'm LongbridgeAI, I can summarize articles.Helix Energy Solutions Group reported a return to profitability in Q2 FY26, posting net income of $22.7 million compared to a loss the previous year. Revenue increased 21% to $304 million, while adjusted EBITDA rose 64.65% to $69.9 million. The company holds $652.2 million in cash with negative net debt. Additionally, Helix expects its merger with Hornbeck to close on September 1, 2026, and has withdrawn its annual guidance.
- Helix Energy Solutions Group swung to net income of $22.7 million, or $0.15 a share, in Q2 2026 from a net loss a year earlier. * Adjusted EBITDA (non-GAAP) rose 64.65% to $69.9 million versus Q2 2025 as revenue climbed 20.79% to $304 million. * Cash and cash equivalents totaled $652.2 million at June 30, 2026; net debt was negative $347.9 million. * Operations from Helix Alliance were classified as discontinued; discontinued-operations net income was $7.5 million, including a $12.7 million gain on sale. * Helix expects its merger with Hornbeck to close Sept. 1, 2026, and withdrew its previously issued annual guidance. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Helix Energy Solutions Group Inc. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here