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

Helix Q4 2024 net income $20.1 million, down from Q3 but up from a year-ago loss

Positive Impact 3 of 5 earnings Written later

Helix Energy Solutions reported fourth-quarter 2024 revenue of $355.1 million, up from $335.2 million a year earlier, and net income of $20.1 million, or $0.13 per diluted share, compared with $29.5 million in the third quarter and a net loss of $28.3 million in the fourth quarter of 2023. For full-year 2024, net income was $55.6 million, or $0.36 per diluted share, compared with a net loss of $10.8 million in 2023, and management said it expects to increase share repurchases in 2025.

Key points

  • Q4 2024 revenue was $355.1 million, versus $335.2 million in Q4 2023 and $342.4 million in Q3 2024.
  • Full-year 2024 net income was $55.6 million, or $0.36 per diluted share, versus a net loss of $10.8 million in 2023.
  • Full-year 2024 free cash flow was $163.2 million, versus $133.8 million in 2023; net debt was negative $52.9 million at December 31, 2024.
  • The company has repurchased over $40 million of its shares and expects to increase repurchases in 2025; the results teleconference is scheduled for February 25, 2025.

The filing

CompanyHelix Energy Solutions Group (HLX)
Form8-K, current report
Filed with the SECFeb 24, 2025, 6:44 PM ET
Accession number0001558370-25-001409

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 24, 2025.

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.