Offshore energy services firm Helix Q2 revenue misses estimates

Hornbeck Offshore Services

23/07/2025 23:28

Overview

Helix Energy Solutions Group Q2 revenue of $302.3 mln misses analyst expectations, per LSEG data

The international offshore energy services firm reports a net loss of $2.6 mln, compared with a net income of $32.3 mln year ago

Helix repurchases 4.6 mln shares during the second quarter

Outlook

Helix sees "some positive signs" in the market, with work starting to be secured in the North Sea well intervention market for 2026

Helix sees market uncertainties with projects pushed to 2026

Company aims to generate meaningful free cash flow in 2025

Result Drivers

SEASONAL ACTIVITY - Marginal increases in activity levels in North Sea and Gulf of America shelf, per CEO Owen Kratz

DOCKING IMPACT - Planned regulatory docking of Q5000 and transit of Q4000 negatively impacted results

GEOPOLITICAL VOLATILITY - Customers scaled back spending due to market uncertainties, pushing work into 2026

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$302.29 mln
$322.10 mln (3 Analysts)
Q2 EPS
-$0.02
Q2 Net Income
-$2.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy"

Wall Street's median 12-month price target for Helix Energy Solutions Group Inc is $12.00, about 42% above its July 23 closing price of $6.96

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw16s1jna

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)