# HELIX ENERGY SOLUTIONS GROUP INC

Summary updated: 2026-10-03T22:14:19.239058Z
Canonical: https://finbar.com/research/companies/helix-energy-solutions-group-inc

## Overview

Helix Energy Solutions Group Inc. was an international offshore energy-services company serving oil and gas and offshore renewable-energy markets. Its work included subsea well intervention, remotely operated vehicle services, production support, and decommissioning, with operations in the Gulf of America, Brazil, the North Sea, West Africa, and Asia Pacific. [1](https://app.finbar.com/go?id=P91109781)[2](https://app.finbar.com/go?id=P44310180)

Its FY2025 consolidated net revenue was $1,291.474 million. [3](https://app.finbar.com/go?id=T6845949) The company’s careers page lists 2,313 global employees, without specifying an as-of date. [4](https://helixesg.com/about-helix/our-people/careers/) Helix described its vision as becoming a “preeminent offshore energy transition Company.” [5](https://www.helixesg.com/about-helix/our-company/corporate-sustainability) In May 2026, it sold its shallow-water-abandonment business; its remaining reported operating segments were Well Intervention, Robotics, and Production Facilities. [6](https://app.finbar.com/go?id=P150186709)
[1](https://app.finbar.com/go?id=P91109781)[2](https://app.finbar.com/go?id=P44310180)[3](https://app.finbar.com/go?id=T6845949)[6](https://app.finbar.com/go?id=P150186709)[4](https://helixesg.com/about-helix/our-people/careers/)[5](https://www.helixesg.com/about-helix/our-company/corporate-sustainability)

## Products & services

Helix’s core offerings are subsea well intervention and robotics services. Well intervention uses vessels, crews and equipment to access subsea wells for downhole work, production enhancement, well-control support and decommissioning. Its equipment includes intervention riser systems (IRS), which provide a well connection from the vessel; the riserless Subsea Intervention Lubricator (SIL), which supports wireline, logging, light perforating, zone isolation and plug work; and ROAM, which contains contaminants or gas during abandonment operations. The 15k IRS is rated to 15,000 psi and a 10,000-ft water depth; the 10k IRS is rated to 10,000 psi. [2](https://app.finbar.com/go?id=P44310180)[7](https://app.finbar.com/go?id=P5950164)[8](https://app.finbar.com/go?id=P39296643)[9](https://app.finbar.com/go?id=P63347942)[10](https://helixesg.com/our-assets/intervention-riser-system-irs/)[11](https://helixesg.com/our-assets/10k-intervention-riser-system-irs) At June 2026, the intervention fleet included seven purpose-built vessels and 12 intervention systems. [6](https://app.finbar.com/go?id=P150186709)[12](https://app.finbar.com/go?id=P5223039)

Robotics offerings include work-class remotely operated vehicles (ROVs), trenching and burial of subsea cables and pipelines, seabed clearance, inspection, repair and maintenance, and offshore construction support. The company’s trencher capabilities include post-lay trenching, inspection, burial and maintenance in water depths of 30–7,200 ft; its ROVDrill can collect seabed cores to 6,500 ft. Named equipment includes the T-1200 trencher, rated at 1,200 hp and up to 3,000 m, and the T-1400, which uses jet trenching in soils up to 100 kPa or chain cutting up to 250 kPa. [13](https://app.finbar.com/go?id=P112317403)[14](https://app.finbar.com/go?id=P24924142)[15](https://app.finbar.com/go?id=P112513928)[16](https://helixesg.com/our-assets/robotics/) At June 2026 the robotics fleet included 41 work-class ROVs, six trenchers and three IROV boulder grabs. [6](https://app.finbar.com/go?id=P150186709)

Production Facilities supplies vessels, personnel and equipment for processing and production from owned properties, including well-control response. [2](https://app.finbar.com/go?id=P44310180)[6](https://app.finbar.com/go?id=P150186709) In the first half of 2026, Well Intervention, Robotics and Production Facilities generated approximately 70.8%, 20.7% and 8.5% of consolidated revenue, respectively, calculated from reported segment revenue. [17](https://app.finbar.com/go?id=T17189490) Helix sold its shallow-water abandonment business on May 1, 2026; that former offering included decommissioning, reclamation, heavy lift, commercial diving and related intervention services. [6](https://app.finbar.com/go?id=P150186709)[18](https://app.finbar.com/go?id=P60153683)[19](https://app.finbar.com/go?id=P22036285)
[2](https://app.finbar.com/go?id=P44310180)[7](https://app.finbar.com/go?id=P5950164)[8](https://app.finbar.com/go?id=P39296643)[9](https://app.finbar.com/go?id=P63347942)[6](https://app.finbar.com/go?id=P150186709)[12](https://app.finbar.com/go?id=P5223039)[13](https://app.finbar.com/go?id=P112317403)[14](https://app.finbar.com/go?id=P24924142)[15](https://app.finbar.com/go?id=P112513928)[17](https://app.finbar.com/go?id=T17189490)[18](https://app.finbar.com/go?id=P60153683)[19](https://app.finbar.com/go?id=P22036285)[10](https://helixesg.com/our-assets/intervention-riser-system-irs/)[11](https://helixesg.com/our-assets/10k-intervention-riser-system-irs)[16](https://helixesg.com/our-assets/robotics/)

## Geographic presence

Helix Energy Solutions Group’s offshore operations and sales span the Gulf of America, Brazil, the North Sea, West Africa and Asia Pacific. In 2025, reported revenue was $494.5 million from the U.S. (about 38.3% of total), $354.5 million from Brazil (27.5%), $272.3 million from the North Sea (21.1%), $95.5 million from West Africa (7.4%), $68.4 million from Asia Pacific (5.3%) and $6.2 million from Other (0.5%). Percentages are calculated from reported amounts. The North Sea category included $194.3 million from the U.K. [20](https://app.finbar.com/go?id=P118689719)[21](https://app.finbar.com/go?id=T8761398)[22](https://app.finbar.com/go?id=T12580844) The company reports vessels and equipment working across regions, including offshore West Africa, Nigeria, New Zealand, Australia and Brazil. [23](https://app.finbar.com/go?id=P95118787)[24](https://app.finbar.com/go?id=P21214859)[25](https://app.finbar.com/go?id=P73929743)

At December 31, 2025, net property and equipment was located in the U.K. ($583.5 million, about 42.8%), the U.S. ($581.3 million, 42.7%) and Brazil ($197.7 million, 14.5%). These figures describe asset locations rather than where equipment was operating. [26](https://app.finbar.com/go?id=T13448371) Helix’s principal executive office is in Houston, Texas; it reports leased facilities primarily in Texas, Louisiana, Scotland, Singapore and Brazil. [27](https://app.finbar.com/go?id=P87919708)[28](https://app.finbar.com/go?id=P77325365)

The latest regional employee distribution located is for December 31, 2024: 1,137 employees in the U.S., 740 in the U.K., 303 in Brazil and 133 in Singapore—about 49.2%, 32.0%, 13.1% and 5.8%, respectively, of the reported 2,313 employees. Percentages are calculated from reported counts. [29](https://helixesg.com/2025_HLX_2022-2024_Data_Table.pdf)[30](https://www.helixesg.com/sustainability/people-communities/)
[20](https://app.finbar.com/go?id=P118689719)[21](https://app.finbar.com/go?id=T8761398)[21](https://app.finbar.com/go?id=T8761398)[21](https://app.finbar.com/go?id=T8761398)[21](https://app.finbar.com/go?id=T8761398)[21](https://app.finbar.com/go?id=T8761398)[21](https://app.finbar.com/go?id=T8761398)[22](https://app.finbar.com/go?id=T12580844)[23](https://app.finbar.com/go?id=P95118787)[24](https://app.finbar.com/go?id=P21214859)[25](https://app.finbar.com/go?id=P73929743)[26](https://app.finbar.com/go?id=T13448371)[26](https://app.finbar.com/go?id=T13448371)[26](https://app.finbar.com/go?id=T13448371)[27](https://app.finbar.com/go?id=P87919708)[28](https://app.finbar.com/go?id=P77325365)[29](https://helixesg.com/2025_HLX_2022-2024_Data_Table.pdf)[30](https://www.helixesg.com/sustainability/people-communities/)

## Business segments

For FY2025, Helix Energy Solutions Group reported four segments. Well Intervention provides vessel, personnel and equipment services that enable access to subsea wells for intervention work; it contributed approximately 56.5% of consolidated revenue. Robotics provides remotely operated vehicle and trenching services, including subsea construction, inspection, repair and maintenance; it contributed approximately 22.4%. Shallow Water Abandonment focuses on plugging and abandoning wells and offshore decommissioning, contributing approximately 15.5%. Production Facilities provides offshore processing and well-control services and generates production from owned properties; it contributed approximately 5.6%. Shares are calculated from FY2025 external segment revenue and may not sum precisely due to rounding. [3](https://app.finbar.com/go?id=T6845949)[2](https://app.finbar.com/go?id=P44310180)[31](https://www.sec.gov/Archives/edgar/data/866829/000086682926000008/hlx-20251231x10k.htm)

The latest available Q2 2026 filing reports three segments: Well Intervention, Robotics and Production Facilities. Shallow Water Abandonment is no longer a reportable segment following the May 1, 2026 sale of Helix Alliance. Accordingly, the percentages above describe the FY2025 structure and should not be read as the current segment revenue mix. [32](https://app.finbar.com/go?id=P150186593)
[3](https://app.finbar.com/go?id=T6845949)[2](https://app.finbar.com/go?id=P44310180)[32](https://app.finbar.com/go?id=P150186593)[31](https://www.sec.gov/Archives/edgar/data/866829/000086682926000008/hlx-20251231x10k.htm)

## Company history

Helix’s roots trace to California commercial abalone divers; in 1980, divers who had left Oceaneering revived the Cal Dive name and developed an offshore-diving business. Cal Dive went public in 1997 and expanded its deepwater capabilities, including adding the purpose-built dive-support vessel *Uncle John* in 1996. [33](https://www.helixesg.com/downloads/Helix_ESG_History.pdf) [34](https://helixenergysolutionsgroupinc.gcs-web.com/news-releases/news-release-details/cal-dive-international-inc-announces-initial-public-offering) In 2005 it acquired Aberdeen-based Helix Energy Limited, adding reservoir and well-technology services. The following year, Cal Dive changed its name to Helix Energy Solutions Group and acquired Remington Oil & Gas, substantially expanding its oil-and-gas production business. [35](https://www.sec.gov/Archives/edgar/data/866829/000095012905010954/h30390exv99w1.htm) [36](https://www.sec.gov/Archives/edgar/data/866829/000095012906002229/h33660e425.htm) [33](https://www.helixesg.com/downloads/Helix_ESG_History.pdf)

Helix agreed to sell its Energy Resource Technology GOM production business in 2012; the sale closed in February 2013, marking a shift away from upstream production toward offshore services. [37](https://www.sec.gov/Archives/edgar/data/866829/000086682912000060/exh99-1.htm) [38](https://www.sec.gov/Archives/edgar/data/866829/000086682913000007/exh99-1.htm) In 2022, it acquired the Alliance companies, adding Gulf of Mexico vessels and abandonment capabilities. [39](https://www.helixesg.com/latest-news/helix-energy-solutions-to-acquire-alliance-companies-in-gulf-of-mexico/) [40](https://helixesg.com/latest-news/helix-energy-solutions-announces-completion-of-acquisition-of-alliance-and-amendment-to-its-abl-facility) On September 1, 2026, Helix completed an all-stock merger with Hornbeck Offshore; the combined company adopted the Hornbeck Offshore Services name and began trading as HOS the next day. [41](https://ir.hornbeckoffshore.com/news-releases/news-release-details/hornbeck-and-helix-complete-merger-creating-premier-integrated)
[33](https://www.helixesg.com/downloads/Helix_ESG_History.pdf)[34](https://helixenergysolutionsgroupinc.gcs-web.com/news-releases/news-release-details/cal-dive-international-inc-announces-initial-public-offering)[35](https://www.sec.gov/Archives/edgar/data/866829/000095012905010954/h30390exv99w1.htm)[36](https://www.sec.gov/Archives/edgar/data/866829/000095012906002229/h33660e425.htm)[37](https://www.sec.gov/Archives/edgar/data/866829/000086682912000060/exh99-1.htm)[38](https://www.sec.gov/Archives/edgar/data/866829/000086682913000007/exh99-1.htm)[39](https://www.helixesg.com/latest-news/helix-energy-solutions-to-acquire-alliance-companies-in-gulf-of-mexico/)[40](https://helixesg.com/latest-news/helix-energy-solutions-announces-completion-of-acquisition-of-alliance-and-amendment-to-its-abl-facility)[41](https://ir.hornbeckoffshore.com/news-releases/news-release-details/hornbeck-and-helix-complete-merger-creating-premier-integrated)

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1. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P91109781)
2. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P44310180)
3. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T6845949)
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6. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P150186709)
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8. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P39296643)
9. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P63347942)
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12. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P5223039)
13. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P112317403)
14. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P24924142)
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17. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T17189490)
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24. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P21214859)
25. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P73929743)
26. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13448371)
27. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P87919708)
28. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P77325365)
29. [helixesg.com](https://helixesg.com/2025_HLX_2022-2024_Data_Table.pdf)
30. [www.helixesg.com](https://www.helixesg.com/sustainability/people-communities/)
31. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/866829/000086682926000008/hlx-20251231x10k.htm)
32. [HELIX ENERGY SOLUTIONS GROUP INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P150186593)
33. [www.helixesg.com](https://www.helixesg.com/downloads/Helix_ESG_History.pdf)
34. [helixenergysolutionsgroupinc.gcs-web.com](https://helixenergysolutionsgroupinc.gcs-web.com/news-releases/news-release-details/cal-dive-international-inc-announces-initial-public-offering)
35. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/866829/000095012905010954/h30390exv99w1.htm)
36. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/866829/000095012906002229/h33660e425.htm)
37. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/866829/000086682912000060/exh99-1.htm)
38. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/866829/000086682913000007/exh99-1.htm)
39. [www.helixesg.com](https://www.helixesg.com/latest-news/helix-energy-solutions-to-acquire-alliance-companies-in-gulf-of-mexico/)
40. [helixesg.com](https://helixesg.com/latest-news/helix-energy-solutions-announces-completion-of-acquisition-of-alliance-and-amendment-to-its-abl-facility)
41. [ir.hornbeckoffshore.com](https://ir.hornbeckoffshore.com/news-releases/news-release-details/hornbeck-and-helix-complete-merger-creating-premier-integrated)

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