Helix Energy Solutions ( (HLX) ) has released its Q3 earnings. Here is a breakdown of the information Helix Energy Solutions presented to its investors.
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Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company specializing in well intervention, robotics, and decommissioning operations, supporting the global energy transition by maximizing production of existing oil and gas reserves and supporting renewable energy developments.
In its third quarter of 2025, Helix Energy Solutions reported a net income of $22.1 million, a significant improvement from the previous quarter’s net loss of $2.6 million. The company also achieved an Adjusted EBITDA of $103.7 million, marking its highest quarterly EBITDA since 2014, despite challenges in the offshore market.
Key financial highlights include a 23% increase in Well Intervention revenues compared to the prior quarter, driven by higher utilization and rates in the North Sea. The Robotics segment also saw a 16% revenue increase due to enhanced trenching activities. Meanwhile, Shallow Water Abandonment revenues surged by 47% quarter-over-quarter, primarily due to higher utilization of the Epic Hedron heavy lift barge.
Looking ahead, Helix has raised its full-year 2025 Adjusted EBITDA guidance to between $240 and $270 million, with an expected Free Cash Flow generation of $100 to $140 million. The company remains focused on maintaining strong operational performance and capitalizing on market opportunities, despite the ongoing challenges in the offshore energy sector.