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AI brief of an SEC Form 8-K · Helix Energy Solutions Group (HLX)

Helix Q3 2024 net income rises to $29.5 million as revenue falls to $342.4 million

Mixed Impact 3 of 5 earnings Written later

Helix Energy Solutions reported third quarter 2024 net income of $29.5 million, or $0.19 per diluted share, up from $15.6 million in the third quarter of 2023 but down from $32.3 million in the second quarter of 2024. Revenue fell to $342.4 million from $395.7 million a year earlier, and adjusted EBITDA was $87.6 million compared with $96.4 million, so shareholders see higher year-over-year profit alongside lower sales and EBITDA.

Key points

  • Net income $29.5 million, or $0.19 per diluted share, versus $32.3 million ($0.21) in Q2 2024 and $15.6 million ($0.10) in Q3 2023.
  • Revenue of $342.4 million versus $395.7 million in Q3 2023 and $364.8 million in Q2 2024.
  • Adjusted EBITDA of $87.6 million versus $96.4 million in Q3 2023 and $96.9 million in Q2 2024.
  • Cash and cash equivalents were $324.1 million on September 30, 2024, and Net Debt was negative $9.4 million; three well intervention contracts added over $800 million to backlog.

The filing

CompanyHelix Energy Solutions Group (HLX)
Form8-K, current report
Filed with the SECOct 23, 2024, 6:21 PM ET
Accession number0000866829-24-000037

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.