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
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