Helix Energy Solutions
Provides vessel-based well intervention, subsea robotics, and production-facility services offshore.
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Profile
Provides offshore services for oil, gas, and renewable-energy customers, centered on well intervention, subsea robotics, and Gulf of America production facilities. Current business mix excludes the divested shallow-water abandonment operation and depends on specialized vessels, skilled crews, and offshore project spending.
Provides specialized offshore energy services for oil, gas, renewable-energy, and related infrastructure customers. Current operations center on vessel-based well intervention, subsea robotics, and production-facility services after the shallow-water abandonment sale.
Well Intervention gives operators subsea access for production enhancement and decommissioning through dedicated vessels and intervention systems. Robotics handles trenching, seabed clearance, offshore construction, inspection, repair, and maintenance with ROVs, trenchers, boulder grabs, and support vessels.
Work is international, with activity across the Gulf of America, Brazil, the North Sea, West Africa, and Asia Pacific, while Production Facilities is concentrated in the Gulf of America. Performance depends on utilization and day rates for specialized assets, safe operations, skilled personnel, and customer offshore spending.
Company facts
Key statistics
Year to date +58.6% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Apr 25, 2025 | Raymond James | Downgrade | Strong Buy | Outperform |
| Oct 24, 2024 | BTIG | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.08 | $0.10 | +29.0% | $314.6M | $304.0M | −3.4% | +5.26% |
| Apr 22, 2026Q1 FY26 | −$0.09 | −$0.09 | 0.0% | $264.4M | $287.9M | +8.9% | +0.73% |
| Feb 23, 2026Q4 FY25 | −$0.02 | $0.16 | +900.0% | $302.4M | $334.2M | +10.5% | +16.32% |
| Oct 22, 2025Q3 FY25 | $0.15 | $0.15 | 0.0% | $361.9M | $377.0M | +4.2% | +4.83% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $278.1M | $302.3M | $377.0M | $334.2M | $287.9M | $304.0M | |
| Gross profit | $27.5M | $14.9M | $66.0M | $50.6M | $8.8M | $56.2M | |
| Operating income | $8.2M | −$3.2M | $47.9M | $12.3M | −$13.3M | $26.7M | |
| Net income | $3.1M | −$2.6M | $22.1M | $8.3M | −$13.4M | $22.7M | |
| Diluted EPS | $0.02 | −$0.02 | $0.15 | $0.06 | −$0.09 | $0.15 | |
| Gross margin | 9.9% | 4.9% | 17.5% | 15.2% | 3.1% | 18.5% | |
| Operating margin | 2.9% | -1.0% | 12.7% | 3.7% | -4.6% | 8.8% |
Fiscal years (4-quarter sums)FY21 $674.7M · FY22 $873.1M · FY23 $1.29B · FY24 $1.36B · FY25 $1.29B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $652.2M · Total debt $610.4M · Total assets $2.57B · Shareholders' equity $1.58B
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 147.30M · Float 137.23M · 93.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 22.73M | 15.43% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 9.09M | 6.17% | 13F | Aug 11, 2026 |
| Owen E. Kratz · director, officer: PRESIDENT & CEO | 7.77M | 5.27% | Form 4 | Mar 3, 2025 |
| State Street Corp | 7.18M | 4.87% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 7.04M | 4.78% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 3, 2025 | Scott Andrew Sparks | officer: EVP & COO | −40,000 | $6.88 |
Peers
- Oceaneering International
Direct ROV, IMR, and offshore project-services overlap
- TechnipFMC
Subsea services and vessel-based intervention at global scale
- Baker Hughes
Well intervention, subsea services, and P&A across OFSE
- Expro Group
Subsea well access and intervention across the well lifecycle
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Helix Energy Solutions | $10.10 | −0.49% | $1.49B | 37.6 | 21.7 | 1.1 | +0.6% |
| Oceaneering International | $50.59 | +0.06% | $5.04B | 14.5 | 23.4 | 1.8 | +10.0% |
| TechnipFMC | $75.84 | +0.03% | $29.74B | 26.3 | 22.4 | 2.9 | +9.0% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| Expro Group | $17.61 | −0.06% | $1.98B | 97.3 | 16.7 | 1.3 | −7.0% |
| Median | 23.2 | 22.9 | 2.0 | +3.3% |