Helix Energy Solutions (HLX) Operating Expenses (2009 - 2026)
Helix Energy Solutions (HLX) reported 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 18 years of Operating Expenses data on file, last reported at $22.1 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $22.1 million, up 14.34% year-over-year; the trailing twelve-month figure through Mar 2026 was $78.7 million (down 12.86% YoY), and the FY2025 annual result was $75.9 million, down 17.14% from the prior year.
- Operating Expenses grew to $22.1 million in Q1 2026 per HLX's latest filing, from $20.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $27.8 million in Q3 2023 and troughed at $14.4 million in Q1 2022.
- A 5-year average of $21.4 million and a median of $21.1 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 82.26% in 2022, then fell 26.3% in 2025.
- A 5-year view of Operating Expenses shows it stood at $23.1 million in 2022, then fell by 0.57% to $23.0 million in 2023, then climbed by 19.94% to $27.6 million in 2024, then slipped by 26.3% to $20.3 million in 2025, then gained 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 261.00 Mn |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 732.00 Mn |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 4.72 Bn |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 2.14 Bn |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | -76.01 Mn |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 9.00 Mn |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 1.03 Bn |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 45.83 Mn |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 238.95 Mn |
| 10 | Helix Energy Solutions | 1.36 Bn | 858.51 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 |