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Helix Energy Solutions (HLX)
NYSE:HLX
Earnings Data
Report Date
Apr 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously positive tone: Helix reported strong quarter and year-end cash generation, a robust balance sheet (negative net debt), meaningful free cash flow, and clear growth momentum in Robotics and Brazil contracts. These positives are tempered by near-term headwinds including one-time workover costs and scheduled dockings that materially depress 2026 EBITDA, utilization gaps on certain intervention assets (notably Q4000 and potential Q7000 transitions), market softness and seasonality. Management provided conservative 2026 guidance (revenue roughly in line with 2025; EBITDA range of $230M–$290M; FCF $100M–$160M), underscoring resilience but acknowledging short-term volatility. Overall, strengths in cash flow, backlog and segment-level wins outweigh the near-term operational and non-recurring headwinds.Company Guidance
Strong Fourth Quarter Operating and Cash Performance
Q4 2025 revenue of $334 million, gross profit of $51 million, net income of $8 million and adjusted EBITDA of $74 million. Q4 operating cash flow was $113 million and free cash flow was $107 million. Management noted this was the company's strongest fourth quarter since 2013.
Full-Year 2025 Financials and Profitability
FY2025 revenues of $1.3 billion, gross profit of $159 million, net income of $31 million and adjusted EBITDA of $272 million. Full-year operating cash flow was $137 million and free cash flow was $120 million.
Very Strong Balance Sheet and Liquidity
Year-end cash and cash equivalents of $445 million and total liquidity of $554 million. Total funded debt of $315 million resulted in negative net debt of $137 million. Management expects continued free cash flow generation and forecasts a potential cash balance approaching $600 million by end of 2026.
Robotics and Renewables Momentum
Robotics delivered a strong quarter and year: six vessels operated in the quarter with trenching, ROV support and site-survey work; trenching activity and renewables work are highlighted as a robust backlog with contract visibility into 2026–2030 and tender activity as far out as 2032. Management cited improving trenching rates year-over-year and high utilization across trenching and site-clearance vessels.
Brazil Contracts and High Utilization on Key Assets
SH1 and SH2 secured multi-year (3-year) Petrobras contracts at higher rates. Q7000 completed a 400-day contract with Shell and reported 100% utilization in that campaign. Several Brazil-based vessels on long-term contracts support a strong Brazil segment outlook.
Free Cash Flow and Capital Allocation Flexibility
2026 guidance includes free cash flow of $100 million to $160 million and CapEx of $70 million to $80 million (primarily maintenance and ROV fleet renewal). Management intends to continue share repurchases (targeting ~25% of free cash flow) and is evaluating M&A or capital deployment opportunities given the strong cash position.
Operational Execution and Safety
Management highlighted continued safe execution, strong MPT and safety statistics, minimal global operational disruption, and successful transitions (e.g., Sea Helix 1 into Petrobras contract and reactivation of Seawell).
HLX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $9.07 | $10.55 | +16.32% |
Oct 22, 2025 | $6.63 | $6.95 | +4.83% |
Jul 23, 2025 | $6.96 | $5.99 | -13.94% |
Apr 23, 2025 | $6.61 | $6.58 | -0.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Helix Energy Solutions (HLX) report earnings?
Helix Energy Solutions (HLX) is schdueled to report earning on Apr 27, 2026, After Close (Confirmed).
What is Helix Energy Solutions (HLX) earnings time?
Helix Energy Solutions (HLX) earnings time is at Apr 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HLX EPS forecast?
HLX EPS forecast for the fiscal quarter 2026 (Q1) is -0.06.