Helix Energy Solutions Group reported strong Q3 2025 results, achieving record quarterly performance since 2014 with revenues of $377 million and net income of $22 million, despite operational challenges.

• Q3 revenues increased substantially, up from $302 million in Q2, with adjusted EBITDA rising to $104 million.
• Strong operational metrics included 100% vessel utilization in key regions, notably Brazil and the North Sea, boosting overall performance.
• Secured significant contracts, including a multi-year agreement with Petrobras and a separate four-year contract for the advanced T3600 subsea trencher project.
• Ended the quarter with strong liquidity of $430 million, highlighting financial robustness amidst market fluctuations.
• Despite positive performance, some operational gaps are expected in the Gulf of America for Q4 due to lower rate projects.