Helix Energy Solutions Group, Inc. (HLX)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
$10.60+2.91%
Close 2026-09-01 · 1-day change
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · HLX
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 0.0% |
| Our one-year growth estimate | diamond | 4.2% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 4.2 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 32 industry peers · Company calendar date is not available
HLX — CEO transition
Dated 2026-09-01
Director: The resignations and appointments are part of a merger transaction where the board composition was reconstituted according to the Merger Agreement, representing a corporate restructuring rather than a routine departure or individual executive loss.
Why it matters: Approvals are needed for the merger to happen. Delays could change the schedule.
Watch forAll needed approvals are given without major delays.
Also watch forRegulators have concerns or add conditions that delay the merger.
Why it matters: Litigation could delay or stop the merger with Hornbeck. This would affect future growth.
Worry ifThe lawsuit is settled in a good way. This lets the merger go ahead.
Less concerning ifThe lawsuit causes big delays or changes to the merger deal.
Why it matters: A successful divestiture can help Helix focus on its main work. It can also improve finances.
Supportive ifThe divestiture is complete. Proceeds will be used to boost core operations.
Worry ifThe divestiture process may stall or fail. This would hurt Helix's financial plans.
Why it matters: Backlog contracts can show future income and stability. A strong backlog helps growth.
Supportive ifBacklog increases by more than 5% compared to the previous quarter.
Worry ifBacklog decreases or remains flat compared to the previous quarter.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$175 on $10,000 · ±1.7% | How much price usually moves either way. |
| Bad day | $426 loss on $10,000 · 4.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,934 loss on $10,000 · 19.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Earnings results will show if Helix can make more money. This affects its financial health.
Watch forThe earnings report shows a return to making money. There is positive net income and better EBITDA.
Also watch forThe earnings report shows continued losses. Revenue is down compared to previous quarters.
Why it matters: Higher operating income means better cost control and efficiency. This matters for future profits.
Supportive ifOperating income for Q2 2026 exceeds -$13.3 million from Q1 2026.
Worry ifOperating income stays negative or gets worse from Q1 2026.
Why it matters: Successful divestiture could improve focus and financial health. It is a key growth priority.
Supportive ifAnnouncement of the successful sale of the Alliance group.
Worry ifReports show problems or failure in the sale process.
Why it matters: Net income trends show financial health and effectiveness. This can affect investor confidence.
Supportive ifNet income for Q3 2026 exceeds $20 million.
Worry ifNet income for Q3 2026 falls below $10 million.
Why it matters: Changes in cash flow show financial health. This affects the ability to fund operations.
Watch forOperating cash flows increase by more than 20% in Q3 2026 compared to Q2 2026.
Also watch forOperating cash flows decrease or remain flat in Q3 2026 compared to Q2 2026.
Why it matters: Growth in Well Intervention revenue shows demand is recovering. It shows market health.
Supportive ifWell Intervention revenue increases by more than 10% quarter over quarter in Q3 2026.
Worry ifWell Intervention revenue declines or grows less than 5% quarter over quarter in Q3 2026.
Why it matters: Growth in this segment is essential for overall revenue improvement. It reflects demand for offshore services.
Supportive ifRobotics segment revenue increases by more than 10% in Q3 2026 compared to Q2 2026.
Worry ifRobotics segment revenue decreases or remains flat in Q3 2026.
Why it matters: Changes in revenue show demand for offshore services. This shows market health and efficiency.
Watch forWell Intervention revenues go up by more than 10% from last quarter.
Also watch forWell Intervention revenues drop by more than 5% from last quarter.
Why it matters: A successful sale can help Helix focus on its main work and improve finances.
Supportive ifThey announce the sale is done, confirming focus on deepwater work.
Worry ifDelays or problems happen in the divestiture process.
Why it matters: Better operating income would show that management is making progress. This helps profits.
Supportive ifOperating income for Q2 shows a positive change from -$13.3M in Q1.
Worry ifIf operating income falls more in Q2, that would be a bad sign.
Why it matters: These synergies are important for the company's growth and making more money.
Supportive ifManagement says they will achieve $75 million in annual savings within three years after the merger.
Worry ifManagement says synergies are not on track or are much lower than $75 million.
Why it matters: A growing backlog shows strong demand for services. This means more chances to make money.
Supportive ifBacklog grows beyond $1.3 billion, indicating strong new contract wins.
Worry ifIf the backlog drops or stays the same, it means demand is weak.