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HELIX ENERGY SOLUTIONS GROUP INC (HLX) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $283M (down 6.5% year over year) with net income of $23M.

Q2 2026 key financials · XBRL

Revenue: $283M; −6.5% YoY · −1.8% QoQ
Net income: $23M; +974.5% YoY · +269.5% QoQ
Operating margin: 13.2%
Gross margin: 23.0%
EPS (diluted): $0.15; +850.0% YoY · +266.7% QoQ

Source: XBRL data from the HELIX ENERGY SOLUTIONS GROUP INC (HLX) Q2 2026 10-Q on SEC EDGAR. USD.

HELIX ENERGY SOLUTIONS GROUP INC Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Revenue $304.0M, up 21% YoY from $251.7M
Total gross margin 18% vs 5% YoY
Best segment Production Facilities revenue $29.7M, up 74%; margin 54% vs 28%
Worst segment Robotics revenue $76.4M, down 11%; margin 22% vs 25%
Cash $652.2M vs $445.2M; continuing operating cash flow $101.5M vs $(1.1)M six months ended June 30
Outlook supported by $1.1B backlog; headwinds include volatile commodity prices, geopolitical tensions and Gulf of America customer spending

Risk Factors

Newly added merger-litigation risk triggered by April 22, 2026 Merger Agreement
Most material update: merger closing uncertainty now includes shareholder and regulatory approvals
Regulatory risk: governmental order could permanently prohibit Transactions before December 31, 2026
Operational risk: merger restrictions may limit business strategies and attractive opportunities during delays
Financial risk: failed merger could require significant costs, including a termination fee

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) Q2 2026 10-Q Quarterly Report