Helix Energy Solutions Group, Inc.

Helix Energy Solutions Group, Inc.

HLXยทNYSE

$9.77

+0.46%
EnergyOil & Gas Equipment & Services

Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection activities; and provision of cable and umbilical lay, and connection services. The company also provides well intervention, intervention engineering, and production enhancement services; inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; and related support services. In addition, it offers reclamation and remediation services; well plug and abandonment services; pipeline abandonment services; and site inspections. Additionally, the company offers oil and natural gas processing facilities and services; and fast response system, as well as site clearance and subsea support services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas.

At a Glance

Live Snapshot
Market Cap$1.44B
EPS0.2100
P/E Ratio46.50
Earnings Date07/22/2026
3Y+168.0%
5Y+38.0%
10Y+253.0%
3Y-88.0%
5Y-15.0%
10Y-89.0%
3Y-
5Y-14.0%
10Y+77.0%
HLX

Helix Energy Solutions Group, Inc. Cash Conversion Engine

HLX ยท NYSE
Net Income30.83M
Depreciation & Amortization134.54M
Stock-Based Compensation6.57M
Change in Working Capital-48.71M
Others21.59M
Capital Expenditures-16.34M
Free Cash Flow120.41M

Cash Flow Quality Analysis

FCF Conversion Rate

390.6%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

12.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-26.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$48.71M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Helix Energy Solutions Group, Inc. Cash Flow Statement

HLX โ€ข NYSE

Helix Energy Solutions Group, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
30.8M
55.6M
-10.8M
-87.8M
-61.7M
20.1M
57.7M
28.6M
30.1M
-81.4M
-377M
195.6M
112M
-66.8M
133.1M
-124.1M
166.2M
-630.8M
320.5M
347.4M
134.5M
137.2M
164.1M
128.7M
141.5M
133.7M
112.7M
110.5M
108.7M
114.2M
120.4M
109.3M
98.5M
97.2M
311.1M
317.1M
262.6M
341.1M
338.4M
195.9M
-8.1M
10.6M
11.5M
4.4M
-15.2M
-3.9M
3.5M
-2.4M
-54.6M
14.8M
-103M
23.2M
-24.9M
-69.6M
-4.2M
-46.8M
-64.9M
-3.1M
127M
57.2M
6.6M
7.3M
6.5M
7.5M
7.7M
8.6M
11.5M
9.9M
10.9M
5.9M
6.5M
3.1M
8.3M
7.6M
8.4M
9M
12M
21.4M
17.3M
9.4M
21.6M
-33.2M
90M
10.6M
6.2M
3.2M
5.1M
12M
9.2M
54.4M
515.6M
1.5M
-22.9M
503.9M
174.3M
218.2M
59.7M
930.6M
-77.7M
-191.4M
(30.8M)
(14.1M)
(7.4M)
(9.5M)
(8.3M)
(7.4M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-48.7M
8.5M
-108.8M
-12.3M
61.6M
-62.9M
-20.8M
38.2M
-52.7M
-69.1M
-51.7M
26.8M
-96.6M
-19.9M
-55.5M
-41.9M
-20M
-221.5M
-309.2M
95.5M
136.7M
186M
152.5M
51.1M
140.1M
98.8M
169.7M
196.7M
51.6M
38.7M
110.8M
359.5M
74.4M
452.5M
567.2M
331.5M
415.5M
437.7M
416.3M
514M
INVESTING ACTIVITIES
-16.3M
-23.3M
-19.6M
-33.5M
-8.3M
-20.2M
-140.9M
-137.1M
-231.1M
-186.5M
-320.3M
-336.9M
-324.4M
-323M
-219.8M
-206.8M
-423.4M
-855.5M
-943.6M
-469.1M
(0.0)
(0.0)
(0.0)
-112.6M
(0.0)
(963K)
-4.1M
(25K)
(10M)
(25M)
(17.6M)
-20.1M
(0.0)
(0.0)
(0.0)
(0.0)
(418.2M)
(274.2M)
-147.5M
-623.5M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-23.8M
(0.0)
(0.0)
(0.0)
(0.0)
-2.7M
-8.3M
-114.7M
-846K
-17.5M
-313M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
25M
0.0
0.0
0.0
0.0
0.0
0.0
6.7M
11.6M
292.1M
32.3M
0.0
463K
929K
7.8M
51K
0.0
2.6M
1.1M
10M
13.2M
24.6M
21.5M
781.3M
-92.7M
40.2M
33.5M
44.6M
12.6M
76.8M
-6.7M
-16.3M
-22.8M
-18.7M
-138.3M
-8.3M
-19.3M
-142.4M
-136M
-221.1M
-147.1M
-295.7M
-335.5M
(456.9M)
-415.8M
-182.3M
-181.6M
-68.5M
-558M
-739.7M
-1.4B
FINANCING ACTIVITIES
-28.5M
-29.6M
-12M
575K
654K
-10M
0.0
0.0
219.5M
96.5M
-1.1M
-8.4M
-11.3M
-7.2M
-7.6M
-11.7M
-14M
-3.9M
-8.3M
-41.4M
-9.2M
-69.5M
29.1M
-42.9M
-91M
-37.3M
-44.6M
-45.3M
-140.4M
-122.4M
204M
-20.4M
-475.7M
-132.8M
-213.9M
-11.3M
-278M
261.7M
235.1M
1B
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-40K
-114K
-645K
-3.2M
-3.7M
-3.6M
-30.2M
-29.6M
-12M
(0.0)
(0.0)
-10.6M
-1.7M
-1.4M
(0.0)
-341K
-1.1M
-8.4M
-11.3M
-7.2M
-7.6M
-11.7M
-14M
-3.9M
-9.9M
-50.3M
-7.4M
-26.2M
8M
-2.5M
-5.7M
-5.3M
-1.2M
-901K
-1.6M
367K
1.7M
-1.3M
-433K
-5.2M
-8.3M
-6.2M
-5.9M
1.7M
-16.6M
-9.2M
-45.1M
-125.3M
25.1M
-44.8M
-96M
-52.6M
-45.8M
-46.2M
77.5M
-25.5M
204.6M
-30.1M
-487.4M
-145.2M
-229.9M
-29.3M
-298.6M
256.2M
206.4M
978.3M
CASH FLOW SUMMARY
1.8M
-2M
-15.8M
-6M
-42K
1.8M
1.6M
-1.7M
2M
-3.6M
-2M
4.4M
-2.7M
-860K
436K
-207K
-1.4M
-1.9M
174K
2.8M
77.2M
35.8M
143.1M
-138M
35.8M
28.8M
-16.9M
12.9M
-90.1M
-137.5M
17.7M
-1.7M
41.1M
-109.4M
155.4M
120.4M
47.1M
134.1M
-116.7M
115.2M
368M
332.2M
189.1M
327.1M
291.3M
262.6M
279.5M
266.6M
356.6M
494.2M
476.5M
478.2M
437.1M
546.5M
391.1M
270.7M
223.6M
89.6M
206.3M
91.1M
445.2M
368M
332.2M
189.1M
327.1M
291.3M
262.6M
279.5M
266.6M
356.6M
494.2M
476.5M
478.2M
437.1M
546.5M
391.1M
270.7M
223.6M
89.6M
206.3M
120.4M
162.7M
132.9M
17.6M
131.8M
78.6M
28.8M
59.7M
-179.5M
-147.8M
-209.5M
22.6M
-250.1M
129.5M
347.4M
124.7M
-7.8M
-417.8M
-527.3M
44.9M

SEC Filings

HLX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 13, 2026
May 13, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 04, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 24, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 24, 2026
April 22, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 22, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 22, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 01, 2026
May 13, 2026
2026
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 24, 2026
February 23, 2026
2026
8-K

8-K 2026

N/A

February 13, 2026
February 13, 2026
2026
Showing 1 to 10 of 523 filings