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Helix Energy Solutions Group (HLX)
NYSE:HLX
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -4.84%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive achievements and significant challenges. While the company showcased strong first-quarter results, robust cash positions, and new contracts, the negative impact from the North Sea operations and geopolitical uncertainties have led to a downgrade in revenue and EBITDA guidance. Overall, the sentiment is cautious, reflecting both optimism in certain areas and significant concerns in others.Company Guidance
During the Q1 2025 earnings call, Helix Energy Solutions Group provided guidance indicating a challenging market environment due to external factors such as tariff hikes and increased oil production by OPEC, leading to volatile oil prices. The company reported Q1 revenues of $278 million, a gross profit of $28 million, and a net income of $3 million, with adjusted EBITDA at $52 million. Despite these challenges, Helix maintains a strong liquidity position with $370 million in cash and cash equivalents and $405 million in liquidity. The company's backlog stands at approximately $1.4 billion, and they forecast generating between $100 million and $160 million in free cash flow for 2025. However, they have adjusted their annual revenue guidance to a range of $1.25 billion to $1.41 billion and an EBITDA estimate of approximately $275 million, reflecting the decision to stack the Seawell vessel due to reduced activity in the North Sea. The company is focusing on cost reduction strategies while maintaining its robust balance sheet to navigate the current market uncertainties.Strong First-Quarter Results
Helix Energy Solutions reported revenues of $278 million, gross profit of $28 million, net income of $3 million, and adjusted EBITDA of $52 million. The company had positive operating cash flow of $16 million and free cash flow of $12 million.
Robust Cash Position
The company ended the quarter with cash and cash equivalents of $370 million and liquidity of $405 million, with negative net debt of $59 million.
New Contracts and Renewals
Helix commenced operations with Q7000 in Brazil on a 400-day contract with Shell and Siem Helix 2 started a new three-year contract with Petrobras at higher rates. The company also signed a large trenching contract for the Hornsea Free Wind Farm in the UK for over 300 days in 2026.
Positive Outlook for Renewables
The renewables and trenching outlook is robust with numerous contracted works for 2025, 2026, and 2027, with strong tender activity as far out as 2032.
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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
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HLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | $6.61 | $6.58 | -0.45% |
| Feb 24, 2025 | $7.85 | $8.60 | +9.55% |
| Oct 23, 2024 | $9.52 | $9.25 | -2.84% |
| Jul 24, 2024 | $12.53 | $12.54 | +0.08% |
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.
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FAQ
When does Helix Energy Solutions Group (HLX) report earnings?
Helix Energy Solutions Group (HLX) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Helix Energy Solutions Group (HLX) earnings time?
Helix Energy Solutions Group (HLX) earnings time is at Jul 23, 2025, TBA Not 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 2025 (Q2) is 0.11.
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