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| Date | Value |
|---|---|
| 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 |