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HELIX ENERGY SOLUTIONS GROUP INC (HLX) filed its Q1 2026 10-Q quarterly report on Apr 24, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $288M (up 3.6% year over year) with net income of −$13M.

Q1 2026 key financials · XBRL

Revenue: $288M; +3.6% YoY
Net income: −$13M; −536.4% YoY
Operating margin: -4.6%
Gross margin: 3.1%
EPS (diluted): −$0.09; −550.0% YoY

Source: XBRL data from the HELIX ENERGY SOLUTIONS GROUP INC (HLX) Q1 2026 10-Q on SEC EDGAR. USD.

HELIX ENERGY SOLUTIONS GROUP INC Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Revenue $287.9M, up 4% YoY from $278.1M
Gross margin 3% vs 10% YoY; net loss $13.4M vs net income $3.1M
Best segment Robotics revenue $62.4M, up 22%; gross margin 17% vs 16%
Worst segment Production Facilities gross loss $7.5M vs $7.5M profit; margin (40)% vs 38%
Operating cash flow $61.8M vs $16.4M; cash $501.3M vs $445.2M, with $2.8M capital expenditures
2026 outlook supported by $1.2B backlog; geopolitical tensions, commodity volatility and spot-market uncertainty remain headwinds

Risk Factors

Merger litigation risk triggered by Helix–Hornbeck transaction, potentially enjoining consummation and imposing substantial defense costs
Merger completion uncertainty from required shareholder and regulatory approvals, plus customary closing conditions
Merger-delay risk from operating restrictions, management distraction, and delayed realization of expected synergies
Liquidity risk from potential monetary damages and a termination fee payable under specified Merger Agreement circumstances

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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HELIX ENERGY SOLUTIONS GROUP INC (HLX) Q1 2026 10-Q Quarterly Report