Group 1 - The analyst team has a proven track record of outperforming across all market conditions with an annualized return of almost 40% over the past decade and a long-only model portfolio return of over 23 times [1] - The focus of the research includes energy, shipping, and offshore markets, indicating a specialization in these sectors [1] - The company offers income-focused picks for investors seeking lower-risk firms with steady dividend payouts [1] Group 2 - The analyst has a historical focus on tech stocks but has expanded coverage to include the offshore drilling and supply industry, as well as the shipping industry [2] - The analyst has experience navigating significant market events, including the dotcom bubble and the subprime crisis, which adds credibility to their insights [2] - The analyst aims to provide high-quality research to the Seeking Alpha community despite language barriers [2]

In accordance with SEC rules, the final slides of our presentation provide reconciliations of certain non-GAAP measures to comparable GAAP financial measures. These reconciliations along with this presentation, earnings press release, our annual report on Form 10-Ks, and a replay of this broadcast will be available under the For the Investors section of our website at www.helixesg.com. Please remember that information on this conference call speaks only as of today, 02/24/2026, and therefore, you are advise ...

Financial Data and Key Metrics Changes - Revenues for Q4 2025 were $334 million, with a gross profit of $51 million and a net income of $8 million, marking the highest fourth quarter since 2013 [7] - Full year revenues reached $1.3 billion, with a gross profit of $159 million and a net income of $31 million, generating an adjusted EBITDA of $272 million [8] - Positive operating cash flow of $113 million for Q4 and $137 million for the full year, resulting in positive free cash flow of $107 million and $120 million respectively [7][8] Business Line Data and Key Metrics Changes - The robotics segment had a strong year, operating six vessels and achieving high utilization rates, particularly in trenching and ROV support [11][12] - The well intervention segment in the Gulf of America saw high utilization from the Q5000, while the Q4000 experienced lower rates due to gaps in the schedule [10] - The shallow water abandonment business had a seasonal low in Q4, but the EPIC Hedron heavy lift barge achieved 92% utilization [15] Market Data and Key Metrics Changes - The Gulf of America Shelf showed improved results with good late-season utilization [8] - The North Sea market is expected to improve in 2026, with a shift towards decommissioning projects [41] - The APAC market is anticipated to be softer in 2026, with trenching projects planned in Taiwan [26] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet and is considering M&A opportunities as well as capital investments to enhance shareholder value [35][69] - There is a strategic shift towards becoming a solutions provider rather than just a service provider, with geographic expansion being a key focus [69] - The company anticipates a multi-year recovery in the market, particularly in the well intervention and robotics segments [25][32] Management's Comments on Operating Environment and Future Outlook - Management noted conflicting signals in the market, with a strong backlog but an uncertain macroeconomic environment [19] - Despite challenges, there is optimism for improved market conditions in late 2026 and into 2027, particularly in the renewables sector [19][20] - The company expects EBITDA reductions in 2026 due to specific events but remains positive about overall performance [20][21] Other Important Information - The company ended the year with $445 million in cash and $554 million in liquidity, with total funded debt of $315 million [9][18] - The CEO announced plans to retire, with a focus on ensuring a smooth transition for the new leadership [16] Q&A Session Summary Question: Cash on the balance sheet and M&A opportunities - Management is assessing actionable opportunities for M&A while considering share repurchases, with collaboration among the board and incoming CEO [38][39] Question: North Sea market outlook - Improved activity is expected in 2026, with a focus on decommissioning projects and strong utilization for the Seawell and Well Enhancer [40][41] Question: Robotics revenue guidance - Robotics revenue is expected to remain flat, with trenching activity anticipated to increase, particularly in the North Sea [48][49] Question: Q1 EBITDA expectations - Q1 is expected to be impacted by the Thunderhawk workover expense, with historical performance indicating it is typically the lowest quarter [51][52] Question: Q7000 utilization and intervention market in Brazil - The intervention market in Brazil is strong, with long-term contracts in place, and potential gaps in utilization may lead to opportunities in West Africa [57] Question: Competitive environment in well intervention - Increased competition is noted in the shallow water market, with expectations for a stronger 2027 as operators shift back to intervention work [60][63]

Helix Energy Solutions Group (NYSE:HLX) Q4 2025 Earnings call February 24, 2026 10:00 AM ET Company ParticipantsBrent Arriaga - VP of Finance and Accounting and Chief Accounting OfficerErik Staffeldt - EVP and CFOJosh Jayne - Managing DirectorKen Neikirk - EVP, General Counsel, and Corporate SecretaryOwen Kratz - President and CEOScotty Sparks - EVP and COOConference Call ParticipantsBen Summers - Equity Research AnalystConnor Lynagh - AnalystJames Schumm - Senior Analyst of Environmental Services and Energ ...

Helix Energy Solutions Group (NYSE:HLX) Q4 2025 Earnings call February 24, 2026 10:00 AM ET Speaker8Good morning, welcome to the Helix Energy Solutions fourth quarter and full year 2025 earnings conference call. I am France, I'll be the operator assisting you today. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star one on your telephone keypad. I ...

February 24, 2026 Fourth Quarter 2025 Earnings Conference Call Forward-Looking Statements This presentation contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, an ...

分组1 - Helix Energy reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of a loss of $0.02 per share, and showing an increase from earnings of $0.13 per share a year ago, resulting in an earnings surprise of +900.00% [1] - The company posted revenues of $334.16 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 12.28%, although this represents a decline from year-ago revenues of $355.13 million [2] - Helix Energy shares have increased by approximately 42.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.9% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is -$0.04 on revenues of $258.73 million, while for the current fiscal year, the estimate is $0.38 on revenues of $1.32 billion [7] - The Zacks Industry Rank for Oil and Gas - Field Services is in the top 31% of over 250 Zacks industries, indicating that companies in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]

EXHIBIT 99.1 E www.helixesg.com | Helix Energy Solutions | | 3505 W. Sam Houston Parkway | | Houston, TX | | fax: 281-618- | | --- | --- | --- | --- | --- | --- | --- | | Group, Inc. | ● | N., Suite 400 | ● | 77043 | ● 281-618-0400 ● | 0505 | | For Immediate Release | | | | | | 26-004 | Date: February 23, 2026 Contact:Erik Staffeldt Executive Vice President & CFO Helix Reports Fourth Quarter and Full Year 2025 Results HOUSTON, TX – Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported net income ...

Core Insights - Helix Energy Solutions Group reported a net income of $8.3 million for Q4 2025, a decrease from $22.1 million in Q3 2025 and $20.1 million in Q4 2024, impacted by an $18.1 million non-cash impairment charge [1][2] - For the full year 2025, net income was $30.8 million, down from $55.6 million in 2024, with Adjusted EBITDA at $272 million compared to $303.1 million in the previous year [2][28] - The company generated $120 million in Free Cash Flow for 2025, with a cash balance of $445 million at year-end, providing significant financial flexibility [2][20] Financial Performance - Q4 2025 revenues were $334.2 million, down from $355.1 million in Q3 2025 and $377.0 million in Q4 2024 [2][35] - Gross profit for Q4 2025 was $50.7 million, compared to $58.9 million in Q3 2025 and $66.0 million in Q4 2024 [2][35] - Selling, general and administrative expenses increased to $20.3 million in Q4 2025 from $18.2 million in Q3 2025, but decreased from $27.6 million in Q4 2024 [15][35] Segment Performance - Well Intervention revenues decreased by $12.2 million, or 6%, in Q4 2025 compared to Q3 2025, primarily due to lower utilization of certain vessels [6][7] - Robotics revenues decreased by $12.1 million, or 12%, in Q4 2025 compared to Q3 2025, attributed to seasonal slowdowns in North Sea operations [8][9] - Shallow Water Abandonment revenues decreased by $17.1 million, or 23%, in Q4 2025 compared to Q3 2025, due to lower utilization during the seasonal slowdown [10][11] Cash Flow and Capital Expenditures - Operating cash flows for Q4 2025 were $113.2 million, significantly higher than $24.3 million in Q3 2025 and $78.0 million in Q4 2024 [18][27] - Capital expenditures totaled $5.7 million in Q4 2025, up from $1.7 million in Q3 2025 but down from $12.5 million in Q4 2024 [19][28] - Free Cash Flow for Q4 2025 was $107.5 million, compared to $22.6 million in Q3 2025 and $65.5 million in Q4 2024 [20][28] Financial Condition - As of December 31, 2025, cash and cash equivalents were $445.2 million, with total liquidity of $553.6 million [29] - The company reported negative Net Debt of $137.2 million, indicating a strong liquidity position [29]

On February 17, 2026, Gate City Capital Management disclosed selling 575,000 shares of Helix Energy Solutions Group (NYSE:HLX), an estimated $3.82 million trade based on quarterly average pricing. What happened According to a recent SEC filing, Gate City Capital Management sold 575,000 shares of Helix Energy Solutions Group (NYSE:HLX) during the fourth quarter of 2025. The transaction's estimated value is $3.82 million, calculated from the average share price over the quarter. The fund's quarter-end HLX ...