The earnings call reflected a mixed outlook for Helix Energy Solutions Group, highlighting strong performance in the Robotics and Brazil segments, alongside significant financial and operational challenges, particularly in the Well Intervention and Shallow Water Abandonment segments. The company remains financially strong but faces uncertainty and market softness in key areas.

Company Guidance -

Q3 2025

During the Q2 2025 earnings call, Helix Energy Solutions Group updated their guidance for the remainder of the year. They adjusted their revenue outlook to a range of $1.2 billion to $1.3 billion and expected EBITDA to be between $225 million to $265 million, reflecting softer markets in the Gulf of America and the U.K. North Sea. Free cash flow is projected in the range of $90 million to $140 million, with capital expenditures anticipated to be between $70 million and $80 million, slightly increasing due to the accelerated regulatory maintenance on the Q4000. The company reported Q2 revenues of $302 million, a gross profit of $15 million, and a net loss of $3 million, compared to Q1 revenues of $278 million, gross profit of $28 million, and net income of $3 million. Adjusted EBITDA was $42 million, with a negative operating cash flow of $17 million, resulting in negative free cash flow of $22 million. Helix anticipates generating significant free cash flow in the second half of 2025, supported by strong cash and liquidity positions, with cash and cash equivalents at $320 million and liquidity at $375 million as of the quarter's end.

Strong Robotics Business and Renewables Outlook

Robotics had a strong quarter with 7 vessels operating on trenching, ROV support, and site survey work globally. A multiyear 800-day minimum trenching spread contract in the North Sea was secured, commencing in 2027, with a strong long-term outlook into 2032.

Brazil Operations and Long-term Contracts

Helix operated 3 vessels in Brazil on longer-term contracts, including a 3-year contract with Petrobras for the Siem Helix 1, and successfully completed a 400-day decommissioning campaign with Shell.

Solid Balance Sheet and Liquidity Position

Helix maintained strong cash and liquidity with $320 million in cash and cash equivalents and $375 million in liquidity at quarter end. The company anticipates generating meaningful free cash flow in the second half of 2025.

Exxon Framework Agreement

Executed a 3-year framework agreement with Exxon for shallow water decommissioning in the Gulf of America, providing roughly 1,000 days of utilization in the P&A spreads over the 3-year period.

Helix Energy (HLX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HLX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.22 / -	0.19	―	―	―
Jul 23, 2025	2025 (Q2)	0.03 / -0.02	0.21	-109.52% (-0.23)
Apr 23, 2025	2025 (Q1)	-0.01 / 0.02	-0.17	111.76% (+0.19)
Feb 24, 2025	2024 (Q4)	0.08 / 0.13	-0.19	168.42% (+0.32)
Oct 23, 2024	2024 (Q3)	0.18 / 0.19	0.1	90.00% (+0.09)
Jul 24, 2024	2024 (Q2)	0.19 / 0.21	0.05	320.00% (+0.16)
Apr 24, 2024	2024 (Q1)	0.02 / -0.17	-0.03	-466.67% (-0.14)
Feb 26, 2024	2023 (Q4)	0.11 / -0.19	0.02	-1050.00% (-0.21)
Oct 23, 2023	2023 (Q3)	0.19 / 0.10	-0.12	183.33% (+0.22)
Jul 26, 2023	2023 (Q2)	0.05 / 0.05	-0.2	125.00% (+0.25)

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
Jul 23, 2025	$6.96	$5.99	-13.94%
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%

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 Group (HLX) report earnings?

Helix Energy Solutions Group (HLX) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Helix Energy Solutions Group (HLX) earnings time?

Helix Energy Solutions Group (HLX) earnings time is at Oct 22, 2025, 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 2025 (Q3) is 0.22.

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