Helix Energy Solutions (HLX) Operating Expenses (2009 - 2026)
Helix Energy Solutions (HLX) posted quarterly Operating Expenses of $22.1 million for Q1 2026, up 14.34% year-over-year from $19.4 million in Q1 2025, and up 9.05% quarter-over-quarter from $20.3 million in Q4 2025.
Helix Energy Solutions (HLX) Operating Expenses (2009 - 2026) Analysis & Trends
Helix Energy Solutions (HLX) has reported Operating Expenses for 18 consecutive years, with $22.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 14.34% year-over-year to $22.1 million; the TTM figure through Mar 2026 stood at $78.7 million (down 12.86% YoY), while the FY2025 annual figure was $75.9 million, down 17.14% from the prior year.
- Operating Expenses improved to $22.1 million in Q1 2026 per HLX's latest filing, from $20.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $27.8 million in Q3 2023 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 82.26% — and 2025, when it fell 26.3%.
- Helix Energy Solutions' Operating Expenses stood at $23.1 million in 2022, then retreated by 0.57% to $23.0 million in 2023, then grew by 19.94% to $27.6 million in 2024, then dropped by 26.3% to $20.3 million in 2025, then advanced by 9.05% to $22.1 million in 2026.
- Business Quant data shows HLX's Operating Expenses at $22.1 million in Q1 2026, $20.3 million in Q4 2025, and $18.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 39.97 Mn |
| 10 | Helix Energy Solutions | 1.54 Bn | 886.95 Mn | 56.20 Mn | 29.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.48 Mn |
| 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 |