Helix Energy Solutions Group Inc (HLX)
Helix Energy Solutions Group Inc brought in $1.3B of revenue over the twelve months to September 30, 2026, up 0.7% from a year earlier. It posted a net loss of $97.9M. Operating cash flow minus capital spending left $120.4M of free cash flow in fiscal 2025. At September 30, 2026 it held $471.6M in cash against $736.2M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Helix Energy Solutions Group Inc
- Net worth
- Helix Energy Solutions Group Inc has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.3B (-4.9% year on year), with net income of $30.8M. Over the 12 months to September 30, 2026: revenue $1.3B, net loss $97.9M.
- Cash flow
- In fiscal 2025 operations brought in $136.7M of cash; after $16.3M of capital spending, free cash flow was $120.4M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
What Helix Energy Solutions Group Inc does
Helix Energy Solutions Group Inc is registered with the SEC under industry code SIC 1389 (Oil & Gas Field Services, NEC). Its shares trade on NYSE under the ticker HLX.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.3B | $30.8M | $0.21 | $120.4M |
| 2024 | $1.4B | $55.6M | $0.36 | $162.7M |
| 2023 | $1.3B | -$10.8M | -$0.07 | $132.9M |
| 2022 | $873.1M | -$87.8M | -$0.58 | $17.6M |
| 2021 | $674.7M | -$61.5M | -$0.41 | $131.8M |
| 2020 | $733.6M | $22.2M | $0.13 | $78.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where HLX ranks in Energy
Latest SEC filings
What Helix Energy Solutions Group Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 22% to $293.3M versus the same quarter last year; diluted EPS -$0.40 versus $0.28.
- November 9, 2026Other event 8-K
- November 5, 2026
- October 27, 2026Passive stake changed SCHEDULE 13G/A
- September 15, 2026
- September 9, 2026Activist stake (5% or more) SCHEDULE 13D
- September 9, 2026Passive stake (5% or more) SCHEDULE 13G
- September 9, 2026Passive stake (5% or more) SCHEDULE 13G
- September 8, 2026Exhibits 8-K/A
- September 4, 2026
What is HLX worth? A DCF from its reported cash flow
Insider trades
What the people running Helix Energy Solutions Group Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 12 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 2, 2026 | Jindal PiyushDirector | Received as pay | 31,553 | - |
| September 2, 2026 | Fink Benjamin MatthewDirector | Received as pay | 16,990 | - |
| September 2, 2026 | Cook Brian MichaelSee Remarks | Received as pay | 40,000 | - |
| September 2, 2026 | Todd BenSee Remarks | Received as pay | 70,000 | - |
| September 2, 2026 | Adams Robert PotterSee Remarks | Received as pay | 40,000 | - |
| September 2, 2026 | Hornbeck Todd MSee Remarks, Director | Received as pay | 225,000 | - |
| September 2, 2026 | Meyers Kevin OmarDirector | Received as pay | 16,990 | - |
| September 2, 2026 | Transier William LDirector | Received as pay | 31,553 | - |
Who owns HLX
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Asof Hos GP, LLC13D, may seek influence with 18 related filers | 23.7% | September 9, 2026 |
| Whitebox Advisors LLC13G, passive with 2 related filers | 15% | September 9, 2026 |
| BlackRock, Inc.13G, passive | 11.5% | October 27, 2026 |
| Dimensional Fund Advisors LP13G, passive | 6% | October 9, 2025 |
| Merced Capital, L.P.13G, passive with 4 related filers | 5.3% | September 9, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 285 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 22,731,079 | +573,340 |
| Dimensional Fund Advisors LP | 9,091,008 | +131,202 |
| State Street Corp | 7,175,792 | +466,289 |
| Invesco Ltd. | 7,035,334 | +375,206 |
| Vanguard Portfolio Management LLC | 6,416,761 | +182,000 |
| Vanguard Capital Management LLC | 6,178,407 | +133,712 |
| American Century Companies Inc | 5,448,574 | +251,014 |
| Principal Financial Group Inc | 4,319,229 | -276,704 |
| Goldman Sachs Group Inc | 3,666,005 | +1,577,127 |
| Geode Capital Management, LLC | 3,556,137 | +197,240 |
| Wellington Management Group Llp | 3,408,554 | -523,989 |
| Systematic Financial Management LP | 3,188,798 | +230,254 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 3,005,018 | -17,390 |
| Van Eck Associates Corp | 2,725,573 | -149,948 |
| Boston Partners | 2,486,953 | -463,793 |
| Charles Schwab Investment Management Inc | 2,483,807 | -110,163 |
| Morgan Stanley | 2,100,464 | +109,205 |
| Prudential Financial Inc | 2,088,884 | +1,767,050 |
| Northern Trust Corp | 1,783,081 | +97,984 |
| Qube Research & Technologies Ltd | 1,413,717 | +419,645 |
Insiders
15 insiders reported holding 7,884,930 shares in total, about $83.6M at the last price.
| Holder | Shares |
|---|---|
| Hornbeck Todd MSee Remarks, Director | 5,669,648 |
| Lovoi JohnDirector | 404,765 |
| Sparks Scott AndrewSee Remarks | 371,042 |
| Transier William LDirector | 235,672 |
| Jindal PiyushDirector | 200,778 |
| Adams Robert PotterSee Remarks | 180,834 |
| Cook Brian MichaelSee Remarks | 180,793 |
| Meyers Kevin OmarDirector | 132,545 |
| Nelson Amy HDirector | 121,663 |
| Little Thomas MitchellDirector | 121,135 |
Questions about HLX
What does Helix Energy Solutions Group Inc do?
Helix Energy Solutions Group Inc is a company in the Energy sector, listed on NYSE as HLX. Its shares trade on NYSE under the ticker HLX.
What is Helix Energy Solutions Group Inc's net worth?
Helix Energy Solutions Group Inc has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Helix Energy Solutions Group Inc profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $97.9M on revenue of $1.3B.
How much revenue does Helix Energy Solutions Group Inc make?
Over the twelve months to September 30, 2026 Helix Energy Solutions Group Inc reported revenue of $1.3B. That is 0.7% more than a year earlier.
When did Helix Energy Solutions Group Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
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Where the numbers come from
Financial figures are the values Helix Energy Solutions Group Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.