Helix Energy (HLX) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 24, 2026 astatine 10:30 AM CST 36 min read

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Tuesday, Feb. 24, 2026 astatine 10 a.m. ET

• Chief Executive Officer — Owen Kratz

• Chief Operating Officer — Scott Sparks

• Chief Financial Officer — Erik Staffeldt

• General Counsel — Kenneth Neikirk

• Vice President, Commercial — Daniel Stuart

• Vice President, Finance & Investor Relations — Brent Arriaga

Brent Arriaga: Good morning, everyone, and convey you for joining america contiguous connected our league telephone wherever we volition beryllium reviewing our 4th fourth and afloat twelvemonth 2025 net release. Participating connected this telephone for Helix Energy Solutions Group, Inc. contiguous are Owen Kratz, our CEO; Scott Sparks, our COO; Erik Staffeldt, our CFO; Kenneth Neikirk, our General Counsel; Daniel Stuart, our Vice President, Commercial; and myself. Hopefully, you person had an accidental to reappraisal our property merchandise and the related descent presumption released past night. If you bash not person a transcript of these materials, some tin beryllium accessed done the Investor Relations leafage connected our website astatine www.helixesg.com.

The property merchandise and slides tin beryllium accessed nether the News and Events tab. Before we statesman our prepared remarks, Kenneth Neikirk volition marque a connection regarding forward-looking information. Kenneth?

Kenneth Neikirk: During this league call, we expect making definite projections and forward-looking statements based connected our existent expectations and assumptions arsenic of today. Such forward-looking statements whitethorn see projections and estimates of aboriginal events, concern oregon trends, oregon concern oregon fiscal results. All statements successful this league telephone oregon successful the associated presumption different than statements of humanities information are forward-looking statements and are made nether the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

Our existent and aboriginal results whitethorn disagree materially from our projections and forward-looking statements owed to a fig and assortment of risks, uncertainties, assumptions, and factors including those acceptable distant successful Slide 2 of our presumption and our astir precocious filed yearly study connected Form 10-Ks, our quarterly reports connected Form 10-Q, and successful our different filings with the SEC. You should not spot undue reliance connected forward-looking statements, and we bash not undertake immoderate work to update immoderate forward-looking statement. We disclaim immoderate written oregon oral statements made by immoderate 3rd enactment regarding the taxable substance of this league call. Also during this call, definite non-GAAP fiscal disclosures whitethorn beryllium made.

In accordance with SEC rules, the last slides of our presumption supply reconciliations of definite non-GAAP measures to comparable GAAP fiscal measures. These reconciliations on with this presentation, net property release, our yearly study connected Form 10-Ks, and a replay of this broadcast volition beryllium disposable nether the For the Investors conception of our website astatine www.helixesg.com. Please retrieve that accusation connected this league telephone speaks lone arsenic of today, 02/24/2026, and therefore, you are advised that immoderate clip accusation whitethorn nary longer beryllium close arsenic of immoderate replay of this call. Scott?