Helix Energy Solutions Q1 2026 Earnings Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy HLX?
Source: seekingalpha
- Earnings Performance: Helix Energy Solutions reported a Q1 2026 GAAP EPS of -$0.09, aligning with market expectations, while revenue reached $287.95 million, a 3.6% year-over-year increase, exceeding forecasts by $24.04 million, indicating the company's stability and growth potential in the market.
- Adjusted EBITDA: The adjusted EBITDA for Q1 was $32.3 million, significantly down from $73.9 million in Q4 2025 and $52.0 million in Q1 2025, reflecting challenges in cost control and operational efficiency that the company is currently facing.
- Future Outlook: Helix has set a revenue target of $1.2 billion to $1.4 billion for 2026, indicating a proactive approach to growth opportunities amid succession planning and M&A considerations, aimed at enhancing its competitive position in the market.
- Investor Conferences: Helix presented its strategic plans at multiple investor conferences, including the Piper Sandler 26th Annual Energy Conference and the 47th Annual Raymond James Institutional Investor Conference, aiming to bolster investor confidence and attract more capital.
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Analyst Views on HLX
Wall Street analysts forecast HLX stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 9.380
Low
12.00
Averages
12.00
High
12.00
Current: 9.380
Low
12.00
Averages
12.00
High
12.00
About HLX
Helix Energy Solutions Group, Inc. is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and full-field decommissioning operations. Its segments include Well Intervention, Robotics, Shallow Water Abandonment and Production Facilities. Well Intervention segment provides services that enable its customers to safely access subsea offshore wells for the purpose of performing production enhancement or decommissioning operations. Robotics segment provides trenching, seabed clearance, offshore construction and inspection, repair and maintenance services to both the offshore oil and gas and renewable energy markets globally. Shallow Water Abandonment segment provides services in support of the upstream and midstream sectors on the Gulf of Mexico shelf.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Helix Energy Solutions Q1 2026 Earnings Report
- Earnings Performance: Helix Energy Solutions reported a Q1 2026 GAAP EPS of -$0.09, aligning with market expectations, while revenue reached $287.95 million, a 3.6% year-over-year increase, exceeding forecasts by $24.04 million, indicating the company's stability and growth potential in the market.
- Adjusted EBITDA: The adjusted EBITDA for Q1 was $32.3 million, significantly down from $73.9 million in Q4 2025 and $52.0 million in Q1 2025, reflecting challenges in cost control and operational efficiency that the company is currently facing.
- Future Outlook: Helix has set a revenue target of $1.2 billion to $1.4 billion for 2026, indicating a proactive approach to growth opportunities amid succession planning and M&A considerations, aimed at enhancing its competitive position in the market.
- Investor Conferences: Helix presented its strategic plans at multiple investor conferences, including the Piper Sandler 26th Annual Energy Conference and the 47th Annual Raymond James Institutional Investor Conference, aiming to bolster investor confidence and attract more capital.
See More
Helix Energy Solutions Group Q1 Earnings Preview
- Earnings Announcement Date: Helix Energy Solutions Group (HLX) is set to release its Q1 2023 earnings on April 22 after market close, with a consensus EPS estimate of -$0.09, reflecting a staggering 550% year-over-year decline, indicating significant profitability challenges ahead.
- Revenue Expectations Decline: The anticipated revenue for Q1 is $263.91 million, down 5.1% year-over-year, which highlights industry challenges and weak market demand that could adversely affect the company's future cash flow and investment capabilities.
- Historical Performance Review: Over the past two years, HLX has beaten EPS estimates 50% of the time and revenue estimates 63% of the time; however, the current expectations indicate a notable downturn, which may impact investor confidence moving forward.
- Revision Analysis: In the last three months, EPS estimates have seen one upward and one downward revision, while revenue estimates have experienced two upward and one downward revision, reflecting market divergence and uncertainty regarding HLX's future performance.
See More
Helix Energy Solutions to Release Q1 2026 Results
- Earnings Release Schedule: Helix Energy Solutions Group will issue its Q1 2026 results on April 22, 2026, after market close, providing a press release and slide presentation on its website to ensure timely access to critical information for investors.
- Teleconference Timing: The company will hold a teleconference on April 23, 2026, at 9:00 a.m. Central Time to discuss the earnings report in detail, aiming to enhance investor understanding and confidence in the company's performance.
- Participation Details: Investors can join the call by dialing 1-800-715-9871 within the U.S. or 1-646-307-1963 internationally, using the passcode “Staffeldt” to ensure smooth and secure information transmission during the event.
- Webcast Replay: The teleconference will be available in a listen-only mode on Helix's website, and a replay will be uploaded shortly after the event, allowing investors who cannot attend live to access the information at their convenience.
See More
Helix Energy (HLX) Q4 2025 Earnings Transcript
See More
Helix Energy Solutions Reports Q4 2025 Earnings Results
- Earnings Beat: Helix Energy Solutions reported a GAAP EPS of $0.06 for Q4 2025, exceeding expectations by $0.05, indicating resilience in profitability despite challenging market conditions.
- Significant Revenue Decline: The company’s revenue fell to $34.16 million, a staggering 90.4% year-over-year drop, missing market expectations by $270.51 million, highlighting ongoing industry challenges and weak demand.
- Adjusted EBITDA Fluctuation: Helix's adjusted EBITDA for Q4 2025 was $73.9 million, down from $103.7 million in Q3 2025 but up from $71.6 million in Q4 2024, reflecting efforts in cost management amidst revenue pressures.
- CEO Departure Impact: The resignation of Helix Energy Solutions' CEO may affect the company's strategic direction and market confidence, prompting investors to monitor subsequent management changes and their potential impact on performance.
See More
Helix Energy Reports Surprising Quarterly Earnings
- Earnings Surprise: Helix Energy reported earnings of $0.16 per share, significantly exceeding the Zacks Consensus Estimate of a loss of $0.02 per share, resulting in a remarkable 900% earnings surprise that underscores the company's robust performance in the oil and gas services sector.
- Revenue Performance: The company generated revenues of $334.16 million for the quarter, surpassing the Zacks Consensus Estimate by 12.28%, although this figure reflects a decline from $355.13 million a year ago, indicating resilience amid competitive pressures.
- Stock Performance: Helix Energy's shares have surged approximately 42.6% since the beginning of the year, greatly outperforming the S&P 500's gain of 0.9%, which reflects strong investor confidence in the company's future prospects.
- Future Outlook: While the current Zacks Rank stands at 3 (Hold), there remains uncertainty regarding earnings expectations for the upcoming quarters, prompting investors to pay close attention to management's commentary during the earnings call to gauge future stock performance.
See More
Helix Energy Solutions Q1 2026 Earnings Report
- Earnings Performance: Helix Energy Solutions reported a Q1 2026 GAAP EPS of -$0.09, aligning with market expectations, while revenue reached $287.95 million, a 3.6% year-over-year increase, exceeding forecasts by $24.04 million, indicating the company's stability and growth potential in the market.
- Adjusted EBITDA: The adjusted EBITDA for Q1 was $32.3 million, significantly down from $73.9 million in Q4 2025 and $52.0 million in Q1 2025, reflecting challenges in cost control and operational efficiency that the company is currently facing.
- Future Outlook: Helix has set a revenue target of $1.2 billion to $1.4 billion for 2026, indicating a proactive approach to growth opportunities amid succession planning and M&A considerations, aimed at enhancing its competitive position in the market.
- Investor Conferences: Helix presented its strategic plans at multiple investor conferences, including the Piper Sandler 26th Annual Energy Conference and the 47th Annual Raymond James Institutional Investor Conference, aiming to bolster investor confidence and attract more capital.
See More
Helix Energy Solutions Group Q1 Earnings Preview
- Earnings Announcement Date: Helix Energy Solutions Group (HLX) is set to release its Q1 2023 earnings on April 22 after market close, with a consensus EPS estimate of -$0.09, reflecting a staggering 550% year-over-year decline, indicating significant profitability challenges ahead.
- Revenue Expectations Decline: The anticipated revenue for Q1 is $263.91 million, down 5.1% year-over-year, which highlights industry challenges and weak market demand that could adversely affect the company's future cash flow and investment capabilities.
- Historical Performance Review: Over the past two years, HLX has beaten EPS estimates 50% of the time and revenue estimates 63% of the time; however, the current expectations indicate a notable downturn, which may impact investor confidence moving forward.
- Revision Analysis: In the last three months, EPS estimates have seen one upward and one downward revision, while revenue estimates have experienced two upward and one downward revision, reflecting market divergence and uncertainty regarding HLX's future performance.
See More
Helix Energy Solutions to Release Q1 2026 Results
- Earnings Release Schedule: Helix Energy Solutions Group will issue its Q1 2026 results on April 22, 2026, after market close, providing a press release and slide presentation on its website to ensure timely access to critical information for investors.
- Teleconference Timing: The company will hold a teleconference on April 23, 2026, at 9:00 a.m. Central Time to discuss the earnings report in detail, aiming to enhance investor understanding and confidence in the company's performance.
- Participation Details: Investors can join the call by dialing 1-800-715-9871 within the U.S. or 1-646-307-1963 internationally, using the passcode “Staffeldt” to ensure smooth and secure information transmission during the event.
- Webcast Replay: The teleconference will be available in a listen-only mode on Helix's website, and a replay will be uploaded shortly after the event, allowing investors who cannot attend live to access the information at their convenience.
See More
Helix Energy (HLX) Q4 2025 Earnings Transcript
See More
Helix Energy Solutions Reports Q4 2025 Earnings Results
- Earnings Beat: Helix Energy Solutions reported a GAAP EPS of $0.06 for Q4 2025, exceeding expectations by $0.05, indicating resilience in profitability despite challenging market conditions.
- Significant Revenue Decline: The company’s revenue fell to $34.16 million, a staggering 90.4% year-over-year drop, missing market expectations by $270.51 million, highlighting ongoing industry challenges and weak demand.
- Adjusted EBITDA Fluctuation: Helix's adjusted EBITDA for Q4 2025 was $73.9 million, down from $103.7 million in Q3 2025 but up from $71.6 million in Q4 2024, reflecting efforts in cost management amidst revenue pressures.
- CEO Departure Impact: The resignation of Helix Energy Solutions' CEO may affect the company's strategic direction and market confidence, prompting investors to monitor subsequent management changes and their potential impact on performance.
See More
Helix Energy Reports Surprising Quarterly Earnings
- Earnings Surprise: Helix Energy reported earnings of $0.16 per share, significantly exceeding the Zacks Consensus Estimate of a loss of $0.02 per share, resulting in a remarkable 900% earnings surprise that underscores the company's robust performance in the oil and gas services sector.
- Revenue Performance: The company generated revenues of $334.16 million for the quarter, surpassing the Zacks Consensus Estimate by 12.28%, although this figure reflects a decline from $355.13 million a year ago, indicating resilience amid competitive pressures.
- Stock Performance: Helix Energy's shares have surged approximately 42.6% since the beginning of the year, greatly outperforming the S&P 500's gain of 0.9%, which reflects strong investor confidence in the company's future prospects.
- Future Outlook: While the current Zacks Rank stands at 3 (Hold), there remains uncertainty regarding earnings expectations for the upcoming quarters, prompting investors to pay close attention to management's commentary during the earnings call to gauge future stock performance.
See More
