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Helix Energy Solutions Group HLX Production Facilities — Operating Income

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Other financials

Income statement

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Revenue$304.0M+20.8%
Gross profit$56.2M+318%
Operating income$26.7M+978%
Net income$22.7M+975%
EPS (diluted)$0.15+850%

Balance sheet

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Cash & equivalents$652.2M+104%
Total debt$610.4M-5.1%
Total equity$1.6B+0.9%
Total assets$2.6B-3.8%

Cash flow

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Operating cash flow$53.9M+415%
CapEx$7.2M+75.4%
Free cash flow$46.7M+320%

Valuation

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Market cap$1.45B+65.3%
Enterprise value$1.4B+17.2%
P/E36.5×+19.0×
P/S1.1×+0.4×

Profitability

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Gross margin13.9%+0.5pp
Operating margin5.6%-0.9pp
Net margin3%-1.0pp
FCF margin18.1%+9.2pp

Returns & leverage

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Return on equity2.5%-0.8pp
Debt / equity0.4×0.0×
Current ratio3.5×+1.3×

Where this comes from

Reported directly by Helix Energy Solutions Group in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Helix Energy Solutions Group’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000866829-26-000022
Three months ended June 30, 2026Well / InterventionRoboticsProduction / FacilitiesTotal
Direct cost of revenues(180,316)(57,871)(13,447)
Operations support(4,141)(1,553)(135)
Selling, general and administrative expenses(4,286)(2,825)(336)
Segment operating income$19,349$14,187$15,805$49,341
Three months ended June 30, 2025
External revenues$156,786$77,815$17,081$251,682
Intersegment revenues (1)7,7577,757
Segment revenues156,78685,57217,081259,439

Item 1. Financial Statements

FAQ

What is Helix Energy Solutions Group's production facilities — operating income?
Helix Energy Solutions Group (HLX) reported production facilities — operating income of $15.81M in Q2 2026.
How has Helix Energy Solutions Group's production facilities — operating income changed year-over-year?
Helix Energy Solutions Group's production facilities — operating income increased by 257.2% year-over-year, from $4.43M to $15.81M.
What is the long-term trend for Helix Energy Solutions Group's production facilities — operating income?
Over 4 years (2021 to 2025), Helix Energy Solutions Group's production facilities — operating income has grown at a -3.0% compound annual growth rate (CAGR), from $22.91M to $20.3M.
What does production facilities — operating income mean?
This metric measures the profitability of the Production Facilities segment by subtracting operating costs and expenses from segment revenue. It is a key indicator of the segment's ability to generate sustainable earnings from its core offshore energy service operations.

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