HLX News & Events

Sees FY26 capital additions $70M-$80M, adjusted EBITDA $230M-$290M, and free cash flow $100M-$160M. Helix says it has no significant debt maturities until 2029 and it is targeting 25% of FCF for share repurchases. Comments taken from investor presentation slides.

Uncertainty regarding trade policy in the wake of last week's Supreme Court decision to overrule the Trump tariff efforts, compounded by more AI impact uncertainty after a widely circulated doomsday scenario substack published over the weekend by Citrini Research reverberated across the equity markets on Monday.  Software names were again under heavy selling pressure, though Financials was the worst performing sector on fears that technology will breach the payment network moats while also decreasing white-collar labor demand, with the feedback loop into mortgages and the housing market.  Staples, Healthcare, Utilities and Energy fared better amid continuing sector rotation away from Tech.In the opening hour of the evening session, the fragile sentiment has found some footing, with S&P e-minis and Nasdaq 100 contracts up marginally.  Commodities, meanwhile, are just off Monday's highs - WTI Crude Oil front-month contract still sits north of $66 per barrel, Gold is bid above $5,250, and Silver is just shy of $88 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Super Group Limitedup 15.2%Keysight Technologiesup 15.1%Forward Airup 8.0%Helix Energy Solutions Groupup 6.9%Bed Bath & Beyondup 5.3%Douglas Dynamicsup 4.4%ALSO HIGHER -Teradataup 4.9% after disclosing litigation settlement, $480M awardDOWN AFTER EARNINGS -Ultra Clean Holdingsdown 10.4%Hims & Hers Healthdown 7.9%Paymentusdown 3.7%Kratos Defense & Security Solutionsdown 3.0%Diamondback Energydown 2.8%ALSO LOWER -Whirlpooldown 7.7% after mixed shelf offeringTandem Diabetesdown 5.0% after convertible debt offering

Reports Q4 revenue $334.16M, consensus $304.67M. Owen Kratz, President and Chief Executive Officer of Helix, stated, "Our fourth quarter financial results, accounting for seasonal impacts, highlight the outstanding execution by the Helix team. Our team delivered $74 million of EBITDA, our highest fourth quarter EBITDA since 2013. We generated Free Cash Flow of over $100 million during the quarter, delivering $120 million of Free Cash Flow for the full year 2025. We have amassed a substantial cash balance, $445 million at year end, providing significant optionality for its deployment. The market does remain volatile. Oil prices declined nearly 20% year over year, resulting in a slower oil and gas offshore market. This downturn resulted in an $18 million non-cash charge for our Thunder Hawk field during the fourth quarter. Following a successful recompletion in February, the field is expected to resume production early April. In this challenging market, we are finding pockets of market resilience despite macro and geopolitical head winds. Our sales efforts secured a multi-year P&A program in the UK North Sea on up to 34 subsea wells. We expect the near-term market to continue at its current pace, but recognize momentum is building in the offshore market pointing to improvements in the latter half of 2026 and into 2027."