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Helix Energy Solutions Group HLX Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$287.9MBeat by $23.6M
EPS-$0.09In line
Revenue estimate$264.4M
EPS estimate-$0.09

Next report

Jul 30, 2026 (Today)
Revenue estimate$315.3M
EPS estimate$0.07

Financials

Q1 2026

Income statement

See full
Revenue$287.9M+3.6%
Gross profit$8.8M-67.9%
Operating income-$13.3M-263%
Net income-$13.4M-536%
EPS (diluted)-$0.09-550%

Balance sheet

See full
Cash & equivalents$501.3M+35.5%
Total debt$625.8M-4.6%
Total equity$1.6B+0.8%
Total assets$2.6B-2.5%

Cash flow

See full
Operating cash flow$61.8M+276%
CapEx$2.8M-37.4%
Free cash flow$59.0M+393%

Valuation & ratios

Valuation

as of 07/29/26
See full
Market cap$1.35B+43.0%
Enterprise value$1.47B+16.3%
P/E93.8×+75.0×
P/S1×+0.3×

Profitability

See full
Gross margin10.8%-6.2pp
Operating margin3.4%-6.9pp
Net margin1.1%-5.2pp
FCF margin12.9%+3.2pp

Returns & leverage

See full
Return on equity0.9%-4.7pp
Debt / equity0.4×0.0×
Current ratio2.9×+0.6×

Segments

By segment

See full
Well Intervention$209.4M+5.6%
Robotics$62.4M+22.2%
Shallow Water Abandonment$21.2M+26.3%
Production Facilities$18.7M-5.6%

By product

See full
Decommissioning$163.0M+40.1%
Production Maximization$79.5M-42.6%
Renewables$36.8M+118%
Service Other$8.7M+38.9%

Versus estimates

Revenue

Q1 2026$287.9MBeat by $23.6M
Q4 2025$334.2MBeat by $31.8MQ3 2025$377.0MBeat by $15.0MQ2 2025$302.3MMiss by $40.3MQ1 2025$278.1MMiss by $7.0MQ4 2024$355.1MBeat by $43.5M

Diluted EPS

Q1 2026-$0.09In line
Q4 2025$0.16Beat by $0.18Q3 2025$0.15In lineQ2 2025-$0.02Miss by $0.03Q1 2025$0.02Beat by $0.07Q4 2024$0.13Beat by $0.04

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Questions, answered.

When did Helix Energy Solutions Group report Q1 2026 earnings?
Helix Energy Solutions Group (HLX) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Helix Energy Solutions Group's Q1 2026 revenue and EPS?
Helix Energy Solutions Group reported revenue of $287.9M and eps of $-0.09 for Q1 2026.
Did Helix Energy Solutions Group beat estimates in Q1 2026?
Revenue beat the consensus estimate of $264.4M by $23.6M. EPS beat the consensus estimate of $-0.09 by $0.00.
How did Helix Energy Solutions Group's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.6% from $278.1M a year earlier.
Where can I find Helix Energy Solutions Group's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000866829-26-000011) and the 10-Q periodic report (0000866829-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.