Helix Energy Solutions (HLX) Operating Expenses (2009 - 2026)

Helix Energy Solutions' (HLX) quarterly Operating Expenses came in at $22.1 million in Q1 2026, up 14.34% year-on-year from $19.4 million in Q1 2025, and up 9.05% on a QoQ basis from $20.3 million in Q4 2025.

Helix Energy Solutions (HLX) Operating Expenses (2009 - 2026) Analysis & Trends

Helix Energy Solutions (HLX) has 18 years of Operating Expenses data on file, last reported at $22.1 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 14.34% year-over-year to $22.1 million in Q1 2026; TTM through Mar 2026 was $78.7 million, a 12.86% decrease from a year earlier, with the FY2025 full-year figure at $75.9 million, down 17.14% from the prior year.
  • Operating Expenses for Q1 2026 stood at $22.1 million, up from $20.3 million in the prior quarter.
  • Over the last five years, Operating Expenses for HLX reached as high as $27.8 million in Q3 2023 and fell as low as $14.4 million in Q1 2022.
  • Historically, Operating Expenses has averaged $21.4 million across 5 years, with a median of $21.1 million in 2024.
  • Across the five-year window, Operating Expenses jumped 82.26% in 2022 and dropped 26.3% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $23.1 million in 2022, then slipped by 0.57% to $23.0 million in 2023, then rose by 19.94% to $27.6 million in 2024, then fell by 26.3% to $20.3 million in 2025, then grew by 9.05% to $22.1 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $22.1 million in Q1 2026, $20.3 million in Q4 2025, and $18.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 78.08 Bn 74.69 Bn 5.38 Bn 261.00 Mn
2 Tenaris 58.18 Bn 46.31 Bn 1.05 Bn -466.59 Mn
3 TechnipFMC 30.64 Bn 29.36 Bn 1.64 Bn 2.14 Bn
4 Halliburton 27.87 Bn 25.86 Bn 2.04 Bn 4.72 Bn
5 Nov 7.48 Bn 6.14 Bn 379.00 Mn 9.00 Mn
6 Weatherford International 6.35 Bn 5.21 Bn 776.00 Mn 998.00 Mn
7 Archrock 6.34 Bn 6.34 Bn 247.42 Mn 45.37 Mn
8 Oceaneering International 5.28 Bn 4.67 Bn 127.27 Mn 69.48 Mn
9 Kodiak Gas Services 5.09 Bn 4.99 Bn 222.88 Mn 238.95 Mn
10 Helix Energy Solutions 1.45 Bn 948.28 Mn 8.83 Mn 22.14 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 22.14 Mn
Dec 31, 2025 20.31 Mn
Sep 30, 2025 18.17 Mn
Jun 30, 2025 18.10 Mn
Mar 31, 2025 19.37 Mn
Dec 31, 2024 27.55 Mn
Sep 30, 2024 21.13 Mn
Jun 30, 2024 22.29 Mn
Mar 31, 2024 20.68 Mn
Dec 31, 2023 22.97 Mn
Sep 30, 2023 27.82 Mn
Jun 30, 2023 24.32 Mn
Mar 31, 2023 19.86 Mn
Dec 31, 2022 23.10 Mn
Sep 30, 2022 24.33 Mn
Jun 30, 2022 17.62 Mn
Mar 31, 2022 14.37 Mn
Dec 31, 2021 21.50 Mn
Sep 30, 2021 13.35 Mn
Jun 30, 2021 13.43 Mn