Helix Q2 net income $22.7 million; withdraws annual guidance amid Hornbeck merger
Helix Energy Solutions reported second quarter 2026 net income of $22.7 million, or $0.15 per diluted share, compared with a net loss of $2.6 million a year earlier. Revenue rose to $304.0 million from $251.7 million, and Adjusted EBITDA reached $69.9 million versus $42.4 million. Helix withdrew its annual guidance because of the pending merger with Hornbeck, which shareholders will vote on August 31, 2026.
Key points
- Revenue of $304.0 million in Q2 2026, up from $251.7 million in Q2 2025
- Net income of $22.7 million ($0.15 per diluted share), including $7.5 million from discontinued operations, versus a net loss of $2.6 million a year earlier
- Annual guidance withdrawn; special shareholder meeting scheduled August 31, 2026; merger expected to close September 1, 2026
- Cash and cash equivalents of $652.2 million at June 30, 2026; no conference call due to the pending merger
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits 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 August 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.