Offshore energy services provider Helix's Q3 revenue beats estimates

Hornbeck Offshore Services

22/10/2025 23:25

Overview

Helix Q3 2025 revenue beats analyst expectations, showing strong operational performance

Net income for Q3 2025 improves significantly from prior quarter's loss

Adjusted EBITDA for Q3 2025 increases compared to prior quarter and last year

Outlook

Helix raises full-year 2025 Adjusted EBITDA guidance to $240-$270 mln

Company estimates full-year Free Cash Flow between $100 mln and $140 mln

Result Drivers

WELL INTERVENTION - Revenue increased due to higher utilization and rates in the North Sea and Gulf of America, despite operational challenges

ROBOTICS - Revenue growth driven by increased trenching activities and higher rates on chartered vessel operations

SHALLOW WATER ABANDONMENT - Significant revenue increase due to higher utilization of the Epic Hedron and increased activity levels

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$376.96 mln
$372 mln (4 Analysts)
Q3 EPS
$0.15
Q3 Net Income
$22.08 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 $9.50, about 32.1% above its October 21 closing price of $6.45

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw1My6Z4a

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(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.)