Helix Energy Q2 Revenue Falls 17%
Helix Energy Solutions Group (NYSE:HLX), a diversified offshore energy services provider, reported weaker-than-expected Q2 2025 results, released on July 23, 2025. The headline was a disappointing performance in both revenue and profit, driven largely by operational setbacks in its core Well Intervention business. GAAP revenue reached $302.3 million versus the $318.6 million GAAP analyst estimate, while GAAP earnings per share (EPS) stood at $(0.02), missing the GAAP consensus by $0.05 per share. These results reflect significant declines compared to the previous year, and a negative shift from last quarter's slight profit. The quarter was marked by a sharp drop in profit margins, increased market uncertainty, and continued cash outflows -- though the company maintained a strong cash balance.
Source: Analyst estimates for the quarter provided by FactSet.
Helix Energy Solutions Group operates vessels and robotics systems that serve offshore energy markets, specializing in well intervention, decommissioning, and renewable energy support. Its services allow clients to extend oil and gas field life, safely abandon aging wells, and install subsea infrastructure -- especially important as companies weigh costs and sustainability.
Source Fool.com
