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Helix Energy Solutions Group HLX Renewables — Revenue

Other product segments

Decommissioning
$138.66M+7.2%
Production Maximization
$114.87M+57.9%
Service Other
$3M-60.4%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 / FacilitiesIntercompany / EliminationsTotal / Revenue
Production maximization$69,630$19,791$29,723$(4,273)$114,871
Decommissioning136,9117,541(5,791)138,661
Renewables47,48247,482
Other1,5511,622(171)3,002
Total$208,092$76,436$29,723$(10,235)$304,016
Three months ended June 30, 2025
Production maximization$26,800$29,554$17,081$(694)$72,741
Decommissioning128,7627,233(6,618)129,377

Item 1. Financial Statements

FAQ

What is Helix Energy Solutions Group's renewables — revenue?
Helix Energy Solutions Group (HLX) reported renewables — revenue of $47.48M in Q2 2026.
How has Helix Energy Solutions Group's renewables — revenue changed year-over-year?
Helix Energy Solutions Group's renewables — revenue increased by 13.1% year-over-year, from $41.99M to $47.48M.
What is the long-term trend for Helix Energy Solutions Group's renewables — revenue?
Over 3 years (2022 to 2025), Helix Energy Solutions Group's renewables — revenue has grown at a 23.9% compound annual growth rate (CAGR), from $82.79M to $157.3M.
What does renewables — revenue mean?
This metric represents the total gross revenue generated from the company's renewable energy service offerings, excluding any pass-through taxes collected from customers. It serves as a key indicator of the company's market penetration and growth within the offshore renewable energy sector. Tracking this revenue stream helps investors assess the scale and commercial success of the company's diversification efforts beyond traditional oil and gas operations.

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