Helix Energy Solutions (HLX) Tax Provisions (2009 - 2026)
Helix Energy Solutions (HLX) posted quarterly Tax Provisions of -$3.2 million for Q1 2026, down 806.4% year-over-year from $453000.0 in Q1 2025, and down 64.36% quarter-over-quarter from -$1.9 million in Q4 2025.
Helix Energy Solutions (HLX) Tax Provisions (2009 - 2026) Analysis & Trends
Helix Energy Solutions (HLX) has reported Tax Provisions for 18 consecutive years, with -$3.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions fell 806.4% year-over-year to -$3.2 million; the TTM figure through Mar 2026 stood at $8.1 million (down 71.84% YoY), while the FY2025 annual figure was $11.7 million, down 55.9% from the prior year.
- Tax Provisions eased to -$3.2 million in Q1 2026 per HLX's latest filing, from -$1.9 million in the prior quarter.
- Across five years, Tax Provisions topped out at $19.2 million in Q3 2025 and bottomed at -$6.7 million in Q4 2023.
- Historically, Tax Provisions has averaged $2.7 million across 5 years, with a median of $1.4 million in 2022.
- Annual changes were most pronounced in 2022 — Tax Provisions jumped 2000.0% — and 2026, when it plunged 806.4%.
- Helix Energy Solutions' Tax Provisions stood at -$1.9 million in 2022, then sank by 259.4% to -$6.7 million in 2023, then jumped by 158.84% to $3.9 million in 2024, then plunged by 149.58% to -$1.9 million in 2025, then tumbled by 64.36% to -$3.2 million in 2026.
- Business Quant data shows HLX's Tax Provisions at -$3.2 million in Q1 2026, -$1.9 million in Q4 2025, and $19.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 80.33 Bn | 76.25 Bn | 4.63 Bn | 204.00 Mn |
| 2 | Baker Hughes | 61.93 Bn | 46.20 Bn | 1.58 Bn | 210.00 Mn |
| 3 | Tenaris | 53.10 Bn | 44.08 Bn | 984.66 | -81,938.00 Bn |
| 4 | TechnipFMC | 30.78 Bn | 29.54 Bn | 1.40 Bn | 114.10 Mn |
| 5 | Halliburton | 29.58 Bn | 27.53 Bn | 2.10 Bn | 126.00 Mn |
| 6 | Nov | 7.35 Bn | 6.19 Bn | 521.00 Mn | 41.00 Mn |
| 7 | Weatherford International | 6.52 Bn | 5.39 Bn | 662.00 Mn | 33.00 Mn |
| 8 | Kodiak Gas Services | 5.83 Bn | 5.69 Bn | 246.76 Mn | 21.10 Mn |
| 9 | Archrock | 5.52 Bn | 5.52 Bn | 244.51 Mn | 25.82 Mn |
| 10 | Helix Energy Solutions | 1.53 Bn | 882.53 Mn | 56.20 Mn | 7.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.14 Mn |
| Mar 31, 2026 | -3.20 Mn |
| Dec 31, 2025 | -1.95 Mn |
| Sep 30, 2025 | 19.20 Mn |
| Jun 30, 2025 | -6.00 Mn |
| Mar 31, 2025 | 453,000.00 |
| Dec 31, 2024 | 3.93 Mn |
| Sep 30, 2024 | 9.50 Mn |
| Jun 30, 2024 | 14.73 Mn |
| Mar 31, 2024 | -1.70 Mn |
| Dec 31, 2023 | -6.67 Mn |
| Sep 30, 2023 | 8.30 Mn |
| Jun 30, 2023 | 3.31 Mn |
| Mar 31, 2023 | -2.00 Mn |
| Dec 31, 2022 | -1.86 Mn |
| Sep 30, 2022 | 6.50 Mn |
| Jun 30, 2022 | 1.40 Mn |
| Mar 31, 2022 | 2.10 Mn |
| Dec 31, 2021 | 4.40 Mn |
| Sep 30, 2021 | -1.06 Mn |