$HLX

Valaris (VTOL) reported $539.2M revenue, down 12.4% YoY, beating estimates. ProPetro (PUMP) reported $305.8M revenue, down 6.2% YoY, missing estimates. NOV (NOV) reported $2.13B revenue, down 2.5% YoY, beating estimates. Helix Energy (HLX) reported $304M revenue, flat YoY, missing revenue but beating EPS and EBITDA estimates. All stocks rose post-earnings.

Helix Energy Solutions Group (HLX) reported Q2 2026 revenue of $304.0 million (+21% YoY) and net income of $22.7 million ($0.15/diluted share). Adjusted EBITDA from continuing operations rose to $74.7 million. Helix also outlined an all-stock merger with Hornbeck Offshore Services, expected to close Sept. 1, 2026, with the combined company trading as HOS.

HELIX ENERGY SOLUTIONS GROUP INC (HLX) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 ​ ​ ​ ​ ​ PRESSRELEASE www.helixesg.com ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Helix Energy Solutions Group, Inc. ● 3505 W. Sam Houston Parkway N., Suite 400 ● Houston, TX 77043 ● 281-618-0400 ● fax: 281-618-0505 ​ ​ ​ ​ ​ ​ ​ ​ ​ For Immediate Release ​ ​ ​ ​ ​ ​ 26-

Helix Energy Solutions and Hornbeck Offshore Services discussed their planned all-stock merger, with Hornbeck shareholders owning about 55% and Helix about 45%. Management expects $75 million or more in annual cost and revenue synergies within three years, kept 2026 guidance at $1.2B to $1.4B revenue, and plans to reactivate 23 stacked vessels. The combined firm will trade as NYSE:HOS.

After President Trump said an Iran ceasefire is over and threatened new strikes, oil prices rose and shares in the energy complex jumped. Oilfield services firms ProPetro (PUMP), Atlas Energy Solutions (AESI), and Helix Energy Solutions (HLX) gained about 4.4% and 4.2%. The move was linked to higher expected drilling activity, though it may reverse if tensions ease.

Helix said it signed a multi-year agreement with AstraZeneca to access Helix’s GenoSphere cohorts, which include Exome+ genomic data and longitudinal EHR histories (average 13 years) for drug discovery and development. Helix said the datasets are de-identified and powered by its Helix Research Network. No financial terms were disclosed.

Centrus Energy (LEU) and Helix Energy Solutions (HLX) fell in an afternoon selloff as WTI dropped about 4% to near $70 and Brent about 4% to near $74, the lowest since late February. The S&P 500 energy index fell ~2.45% after crude eased on resumed Strait of Hormuz tanker transit and U.S.-Iran de-escalation signals, while a separate Trump DOJ probe targeted pump-price “gouging.”

Helix Energy Solutions Group Inc (HLX) has completed the sale of its Gulf of America Shallow Water Abandonment business to C-Dive for $107.5 million, a strategic move following its merger with Hornbeck Offshore Services. This divestiture aims to focus Helix on its deepwater operations, advanced subsea robotics, and well intervention services. While the company holds a strong GF Score of 84, its high P/E ratio of 102.9x suggests it may be overvalued, warranting cautious investor consideration despite its growth potential.

Short interest in Helix Energy Solutions Group (NYSE:HLX) decreased by 15.1% in March, totaling 5,030,795 shares, which represents about 3.7% of the stock and a 2.6-day-to-cover ratio. The company recently reported better-than-expected earnings with EPS of $0.06 and revenue of $334.2 million, though revenue was down 5.9% year-over-year. Analysts currently hold a "Moderate Buy" rating for HLX with an average target price of $10.50.

Helix Energy Solutions Group (NYSE: HLX) is set to release its quarterly earnings on February 23, 2026. Analysts project an earnings per share (EPS) of $0.02, and investors will be looking for the company to surpass estimates and provide positive guidance for the next quarter. The company's stock has shown positive performance, up 13.44% over the last 52 weeks, despite missing EPS estimates by $0.01 in the previous quarter.