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/Mis Actual Consensu

s s

Estimate

Q3 Beat $376.96 $372 mln

Revenue mln (4

Analysts

)

Q3 EPS $0.15

Q3 Net $22.08

Income 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 ( HLX ) 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:

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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.)