Helix Energy Solutions Group Inc. reported net income of $22.1 million for the third quarter of 2025, compared to a net loss of $2.6 million in the second quarter of 2025 and net income of $29.5 million in the third quarter of 2024. Revenues for the third quarter of 2025 were $376.96 million, compared to $302.29 million in the previous quarter and $342.42 million in the same quarter last year. Gross profit for the quarter was $66.02 million, representing 18% of revenues, versus $14.95 million (5%) in the previous quarter and $65.67 million (19%) in the third quarter of 2024. For the nine months ended September 30, 2025, net income was $22.6 million compared to $35.5 million for the same period in 2024. Revenues for the first nine months of 2025 totaled $957.31 million, compared to $1.00 billion in the prior-year period. Adjusted EBITDA for the quarter was $103.7 million, up from $42.4 million in the second quarter of 2025 and $87.6 million in the third quarter of 2024. Adjusted EBITDA for the nine months ended September 30, 2025, was $198.1 million, compared to $231.5 million in the same period in 2024. Free cash flow for the third quarter of 2025 was $22.59 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Helix Energy Solutions Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251022480097) on October 22, 2025, and is solely responsible for the information contained therein.
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