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

Helix Energy Q4 2025 net income falls to $8.3 million as revenue declines

Negative Impact 3 of 5 earnings Written later

Helix Energy Solutions Group reported fourth-quarter 2025 revenue of $334.2 million and net income of $8.3 million, or $0.06 per diluted share, both down from a year earlier. The quarter included an approximately $18.1 million non-cash impairment on the Thunder Hawk field, and full-year 2025 net income fell to $30.8 million from $55.6 million. The company ended 2025 with $445.2 million in cash and cash equivalents, but the filing gives no earnings guidance for 2026 and management expects the near-term market to continue at its current pace.

Key points

  • Q4 2025 revenue was $334.2 million, down from $355.1 million in Q4 2024 and $377.0 million in Q3 2025.
  • Q4 2025 net income was $8.3 million, or $0.06 per diluted share, versus $20.1 million, or $0.13, a year earlier, after an approximately $18.1 million pre-tax impairment.
  • Full-year 2025 net income was $30.8 million, or $0.21 per diluted share, versus $55.6 million, or $0.36, in 2024.
  • Full-year 2025 free cash flow was $120.4 million versus $163.2 million in 2024; cash and cash equivalents were $445.2 million at December 31, 2025.

The filing

CompanyHelix Energy Solutions Group (HLX)
Form8-K, current report
Filed with the SECFeb 23, 2026, 6:26 PM ET
Accession number0000866829-26-000004

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 February 23, 2026.

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.