Revenue: As of FY2026 Q2, the actual value is USD 304.02 M, missing the estimate of USD 325.68 M.

EPS: As of FY2026 Q2, the actual value is USD 0.15.

EBIT: As of FY2026 Q2, the actual value is USD 26.78 M.

Financial Performance (Three Months Ended June 30, 2026 vs. June 30, 2025)

Overall Financials

• Revenues: Helix Energy Solutions Group, Inc. reported revenues of $252 million, compared to $304 million in the prior year period.
• Gross Profit: Gross profit was $56 million (18% gross profit margin), significantly up from $13 million (5% gross profit margin).
• Income from Continuing Operations: Income from continuing operations was $15 million, an improvement from - $5 million.
• Net Income: Net income was $23 million, reversing a - $3 million loss.
• Adjusted EBITDA: Adjusted EBITDA was $70 million, an increase from $42 million.
  • Adjusted EBITDA from continuing operations was $75 million, up from $37 million.
• Operating Cash Flows: Operating cash flows were $54 million, a substantial improvement from - $17 million.
• Free Cash Flow: Free cash flow was $47 million, compared to - $22 million.

Segment Revenue (Three Months)

• Well Intervention: Well Intervention revenue was $208 million, up from $157 million.
• Robotics: Robotics revenue was $76 million, down from $86 million.
• Production Facilities: Production Facilities revenue was $30 million, up from $17 million.

Segment Gross Profit (Loss) and Margin (Three Months)

• Well Intervention: Well Intervention gross profit was $24 million (11%), up from - $12 million (-8%).
• Robotics: Robotics gross profit was $17 million (22%), down from $22 million (25%).
• Production Facilities: Production Facilities gross profit was $16 million (54%), up from $5 million (28%).

Financial Performance (Six Months Ended June 30, 2026 vs. June 30, 2025)

Overall Financials

• Revenues: Helix Energy Solutions Group, Inc. reported revenues of $571 million, up from $513 million.
• Gross Profit: Gross profit was $74 million (13% gross profit margin), up from $53 million (10% gross profit margin).
• Income from Continuing Operations: Income from continuing operations was $10 million, up from $6 million.
• Net Income: Net income was $9 million, compared to $0 million.
• Adjusted EBITDA: Adjusted EBITDA was $102 million, up from $94 million.
• Operating Cash Flows: Operating cash flows were $116 million, significantly up from - $1 million.
• Free Cash Flow: Free cash flow was $106 million, compared to - $10 million.

Segment Revenue (Six Months)

• Well Intervention: Well Intervention revenue was $418 million, up from $355 million.
• Robotics: Robotics revenue was $139 million, up from $137 million.
• Production Facilities: Production Facilities revenue was $48 million, up from $37 million.

Segment Gross Profit (Loss) and Margin (Six Months)

• Well Intervention: Well Intervention gross profit was $39 million (9%), up from $12 million (3%).
• Robotics: Robotics gross profit was $28 million (20%), down from $30 million (22%).
• Production Facilities: Production Facilities gross profit was $9 million (18%), down from $12 million (33%).

Financial Condition (As of June 30, 2026)

• Cash and Cash Equivalents: Cash and cash equivalents totaled $652 million.
• Liquidity: Liquidity was $717 million.
• Long-term Debt: Long-term debt stood at $304 million.
• Net Debt: Net debt was - $348 million.
• Total Funded Debt: Total funded debt amounted to $310 million.

Operational Metrics (Three Months Ended June 30, 2026)

Vessel Utilization

• Well Intervention Vessels: Well Intervention vessel utilization was 91%, up from 72% in the prior year.
  • Gulf of America: 88%.
  • North Sea: 97%.
  • Brazil: 89%.
  • Q7000: 91%.
• Robotics Vessels: Robotics vessel utilization was 69%, down from 95% in the prior year.
• Robotics Assets (ROVs and trenchers): Robotics assets utilization was 67%, up from 62% in the prior year.

Revenue By Market Strategy (Quarter Ended June 30, 2026)

• Decommissioning: 46%.
• Production Maximization: 38%.
• Renewables: 15%.
• Other: 1%.

Outlook

Helix Energy Solutions Group, Inc. has withdrawn its previously issued annual guidance and suspended providing earnings guidance updates due to its pending merger with Hornbeck Offshore Services, Inc. However, the company anticipates strong utilization for several vessels and trenchers across its Well Intervention and Robotics segments for the remainder of 2026. Capital additions for the second half of 2026 are expected to include Sea Helix 1 docking, planned regulatory certification costs, and other routine maintenance capital spending.