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Helix Energy Solutions Group inc   (NYSE: HLX)
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    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

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Description of Helix Energy Solutions Group Inc's Business Segments


Helix Energy Solutions Group Inc. operates in the energy sector, providing a wide range of services and products primarily focused on offshore energy operations. They are particularly known for their work in subsea and offshore environments, catering to both the oil and gas industry as well as renewable energy sectors.

Segments

1. Subsea Services: This is one of Helixs core segments, which encompasses a variety of offerings related to underwater operations. These services are critical for subsea construction, inspection, maintenance, and repair activities.

- Subsea Construction: Helix delivers services for the installation of subsea structures, such as pipelines, manifolds, and templates. This includes the use of remotely operated vehicles (ROVs) and specialized vessels to perform the work.

- ROV Services: The company operates a fleet of ROVs that provide underwater inspection, maintenance, and repair services. These vehicles are crucial for exploration and production operations in challenging underwater environments.

2. Production Services: This segment focuses on the production phase of oil and gas extraction. Helix supports operators by providing flexible production systems and services that enhance recovery and minimize downtime.

- Well Intervention: Helix offers well intervention services that allow for the maintenance and enhancement of production wells. This includes technologies for wireline services, coiled tubing, and other techniques designed to optimize well performance.

- Production Facilities: The company operates various facilities that provide temporary and permanent solutions for oil and gas production, offering flexible contract solutions to clients.

3. Decommissioning Services: As the lifecycle of offshore oil and gas projects comes to a close, Helix provides services focused on decommissioning and abandoning offshore structures. This involves a range of services, from the safe removal of facilities to environmental rehabilitation.

- Plugging and Abandonment (P&A): Helix specializes in P&A services that ensure wells are safely sealed according to regulatory standards, preventing environmental hazards.

- Asset Recovery: The company also engages in recovering assets from decommissioned facilities, ensuring that valuable materials and equipment are salvaged effectively.

4. Renewable Energy Services: With a growing emphasis on sustainable energy solutions, Helix has expanded its services to encompass projects related to renewable energy, such as offshore wind. They are increasingly involved in providing marine services for the installation and maintenance of renewable energy assets.

Products

- Flexible Pipelines: Helix provides advanced flexible pipeline solutions designed for the transportation of oil and gas in offshore environments. These pipelines optimize flow rates and minimize environmental impact.

- Subsea Equipment: The company manufactures and deploys a range of subsea equipment, including subsea trees, manifolds, and connecting hardware essential for offshore production.

- ROV Systems: Helix's ROVs are equipped with the latest technology for various underwater tasks, including inspection, repair, and maintenance.

- Well Intervention Tools: A suite of tools and technologies are developed for improving well productivity and addressing intervention challenges.

Services

- Inspection Services: Helix provides comprehensive inspection services for offshore structures, ensuring compliance with safety and regulatory standards. They utilize advanced technology, including ROVs and sonar imaging.

- Maintenance and Repair: Their maintenance services cover a wide range of operational needs, providing timely and effective solutions to maintain the integrity of offshore assets.

- Engineering Services: Helix offers engineering services ranging from project design to feasibility studies, ensuring that operations are safe, efficient, and compliant with industry regulations.

- Project Management: The company has a strong project management capability, supporting clients through the execution of complex offshore projects, from planning to implementation.

Conclusion

Helix Energy Solutions Group Inc. is positioned as a key player in both traditional and renewable energy markets, providing a rich portfolio of services and products that support every phase of offshore energy operations. Their commitment to innovation and sustainability is reflected in their expanding offerings aimed at addressing the evolving demands of the energy sector.

 

Composition of Helix Energy Solutions Group inc Revenues by Segments

 
Intercompany Eliminations    -2.89 % of total Revenue
Well Intervention    71.48 % of total Revenue
Well Intervention Reportable Segments    71.48 % of total Revenue
Robotics    15.52 % of total Revenue
Robotics Reportable Segments    18.39 % of total Revenue
Robotics Intercompany Eliminations    2.87 % of total Revenue
Shallow Water Abandonment    6.04 % of total Revenue
Shallow Water Abandonment Reportable Segments    6.06 % of total Revenue
Shallow Water Abandonment Intercompany Eliminations    0.02 % of total Revenue
Production Facilities    7.15 % of total Revenue
Production Facilities Reportable Segments    7.15 % of total Revenue
Production maximization    49.95 % of total Revenue
Production maximization Intercompany Eliminations    -1.43 % of total Revenue
Production maximization Well Intervention Reportable Segments    34.94 % of total Revenue
Production maximization Robotics Reportable Segments    8.91 % of total Revenue
Production maximization Shallow Water Abandonment Reportable Segments    0.39 % of total Revenue
Production maximization Production Facilities Reportable Segments    7.15 % of total Revenue
Decommissioning    41.91 % of total Revenue
Decommissioning Intercompany Eliminations    -1.45 % of total Revenue
Decommissioning Well Intervention Reportable Segments    36.28 % of total Revenue
Decommissioning Robotics Reportable Segments    1.45 % of total Revenue
Decommissioning Shallow Water Abandonment Reportable Segments    5.64 % of total Revenue
Renewables    6.07 % of total Revenue
Renewables Robotics Reportable Segments    6.04 % of total Revenue
Renewables Shallow Water Abandonment Reportable Segments    0.03 % of total Revenue
Other    2.25 % of total Revenue
Other Well Intervention Reportable Segments    0.26 % of total Revenue
Other Robotics Reportable Segments    1.99 % of total Revenue
Short-term    22.44 % of total Revenue
Short-term Intercompany Eliminations    -0.02 % of total Revenue
Short-term Well Intervention Reportable Segments    8.73 % of total Revenue
Short-term Robotics Reportable Segments    8.13 % of total Revenue
Short-term Shallow Water Abandonment Reportable Segments    5.61 % of total Revenue
Long-term    77.75 % of total Revenue
Long-term Intercompany Eliminations    -2.87 % of total Revenue
Long-term Well Intervention Reportable Segments    62.75 % of total Revenue
Long-term Robotics Reportable Segments    10.27 % of total Revenue
Long-term Shallow Water Abandonment Reportable Segments    0.45 % of total Revenue
Long-term Production Facilities Reportable Segments    7.15 % of total Revenue
Reportable Aggregation before Other Segment    100.19 % of total Revenue
Reportable Aggregation before Other Reportable Segments    103.07 % of total Revenue
Reportable Aggregation before Other Intercompany Eliminations    2.89 % of total Revenue

Q1 three months ended (Mar 31 2025)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Intercompany Eliminations -8.01 -2.89 %
Well Intervention 198.37 71.48 %
Well Intervention Reportable Segments 198.37 71.48 %
Robotics 43.09 15.52 %
Robotics Reportable Segments 51.04 18.39 %
Robotics Intercompany Eliminations 7.96 2.87 %
Shallow Water Abandonment 16.77 6.04 %
Shallow Water Abandonment Reportable Segments 16.82 6.06 %
Shallow Water Abandonment Intercompany Eliminations 0.05 0.02 %
Production Facilities 19.84 7.15 %
Production Facilities Reportable Segments 19.84 7.15 %
Production maximization 138.63 49.95 %
Production maximization Intercompany Eliminations -3.97 -1.43 %
Production maximization Well Intervention Reportable Segments 96.96 34.94 %
Production maximization Robotics Reportable Segments 24.73 8.91 %
Production maximization Shallow Water Abandonment Reportable Segments 1.08 0.39 %
Production maximization Production Facilities Reportable Segments 19.84 7.15 %
Decommissioning 116.33 41.91 %
Decommissioning Intercompany Eliminations -4.04 -1.45 %
Decommissioning Well Intervention Reportable Segments 100.68 36.28 %
Decommissioning Robotics Reportable Segments 4.02 1.45 %
Decommissioning Shallow Water Abandonment Reportable Segments 15.67 5.64 %
Renewables 16.85 6.07 %
Renewables Robotics Reportable Segments 16.77 6.04 %
Renewables Shallow Water Abandonment Reportable Segments 0.08 0.03 %
Other 6.26 2.25 %
Other Well Intervention Reportable Segments 0.73 0.26 %
Other Robotics Reportable Segments 5.53 1.99 %
Short-term 62.29 22.44 %
Short-term Intercompany Eliminations -0.05 -0.02 %
Short-term Well Intervention Reportable Segments 24.22 8.73 %
Short-term Robotics Reportable Segments 22.55 8.13 %
Short-term Shallow Water Abandonment Reportable Segments 15.57 5.61 %
Long-term 215.77 77.75 %
Long-term Intercompany Eliminations -7.96 -2.87 %
Long-term Well Intervention Reportable Segments 174.15 62.75 %
Long-term Robotics Reportable Segments 28.49 10.27 %
Long-term Shallow Water Abandonment Reportable Segments 1.25 0.45 %
Long-term Production Facilities Reportable Segments 19.84 7.15 %
Reportable Aggregation before Other Segment 278.06 100.19 %
Reportable Aggregation before Other Reportable Segments 286.07 103.07 %
Reportable Aggregation before Other Intercompany Eliminations 8.01 2.89 %
Total 277.54 100 %




Q1 three months ended (Mar 31 2025)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Intercompany Eliminations - -
Well Intervention -3.33 % -
Well Intervention Reportable Segments -6.12 % -
Robotics 7.5 % -
Robotics Reportable Segments 1.46 % -
Robotics Intercompany Eliminations -22.22 % -
Shallow Water Abandonment -37.37 % -
Shallow Water Abandonment Reportable Segments -37.37 % -
Shallow Water Abandonment Intercompany Eliminations -36.59 % -
Production Facilities -17.87 % -
Production Facilities Reportable Segments -17.87 % -
Production maximization 32.17 % -
Production maximization Intercompany Eliminations - -
Production maximization Well Intervention Reportable Segments 38.65 % -
Production maximization Robotics Reportable Segments 34.12 % -
Production maximization Shallow Water Abandonment Reportable Segments -66.81 % -
Production maximization Production Facilities Reportable Segments -17.87 % -
Decommissioning -29.4 % -
Decommissioning Intercompany Eliminations - -
Decommissioning Well Intervention Reportable Segments -28.73 % -
Decommissioning Robotics Reportable Segments -25.79 % -
Decommissioning Shallow Water Abandonment Reportable Segments -33.65 % -
Renewables -30.29 % -
Renewables Robotics Reportable Segments -30.61 % -
Renewables Shallow Water Abandonment Reportable Segments - -
Other 163.7 % -
Other Well Intervention Reportable Segments 737.93 % -
Other Robotics Reportable Segments 141.42 % -
Short-term -65.13 % -
Short-term Intercompany Eliminations - -
Short-term Well Intervention Reportable Segments -81.98 % -
Short-term Robotics Reportable Segments -10.43 % -
Short-term Shallow Water Abandonment Reportable Segments -38.61 % -
Long-term 83.5 % -
Long-term Intercompany Eliminations - -
Long-term Well Intervention Reportable Segments 126.51 % -
Long-term Robotics Reportable Segments 13.36 % -
Long-term Shallow Water Abandonment Reportable Segments -16.31 % -
Long-term Production Facilities Reportable Segments -17.87 % -
Reportable Aggregation before Other Segment -6.13 % -
Reportable Aggregation before Other Reportable Segments -8.49 % -
Reportable Aggregation before Other Intercompany Eliminations -51.19 % -
Total - -79.56 %




Q1 three months ended (Mar 31 2025)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 3.07 1.11 %




Q1 three months ended (Mar 31 2025)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total - -94.48 %




Annual Report on Helix Energy Solutions Group inc Divisions, Sales by Country

 
Intercompany Eliminations   Intercompany Eliminations Segment contribution to total sales -3.29 % of total Revenue
Well Intervention   Well Intervention Segment contribution to total sales 60.66 % of total Revenue
Well Intervention Reportable Segments   Well Intervention Reportable Segments Segment contribution to total sales 61.13 % of total Revenue
Robotics   Robotics Segment contribution to total sales 19.13 % of total Revenue
Robotics Reportable Segments   Robotics Reportable Segments Segment contribution to total sales 21.93 % of total Revenue
Robotics Intercompany Eliminations   Robotics Intercompany Eliminations Segment contribution to total sales 2.8 % of total Revenue
Shallow Water Abandonment   Shallow Water Abandonment Segment contribution to total sales 13.76 % of total Revenue
Shallow Water Abandonment Reportable Segments   Shallow Water Abandonment Reportable Segments Segment contribution to total sales 13.77 % of total Revenue
Shallow Water Abandonment Intercompany Eliminations   Shallow Water Abandonment Intercompany Eliminations Segment contribution to total sales 0.02 % of total Revenue
Production Facilities   Production Facilities Segment contribution to total sales 6.53 % of total Revenue
Production Facilities Reportable Segments   Production Facilities Reportable Segments Segment contribution to total sales 6.53 % of total Revenue
Production maximization   Production maximization Segment contribution to total sales 43.72 % of total Revenue
Production maximization Intercompany Eliminations   Production maximization Intercompany Eliminations Segment contribution to total sales -2.19 % of total Revenue
Production maximization Well Intervention Reportable Segments   Production maximization Well Intervention Reportable Segments Segment contribution to total sales 30.11 % of total Revenue
Production maximization Robotics Reportable Segments   Production maximization Robotics Reportable Segments Segment contribution to total sales 8.63 % of total Revenue
Production maximization Shallow Water Abandonment Reportable Segments   Production maximization Shallow Water Abandonment Reportable Segments Segment contribution to total sales 0.62 % of total Revenue
Production maximization Production Facilities Reportable Segments   Production maximization Production Facilities Reportable Segments Segment contribution to total sales 6.53 % of total Revenue
Decommissioning   Decommissioning Segment contribution to total sales 44.05 % of total Revenue
Decommissioning Intercompany Eliminations   Decommissioning Intercompany Eliminations Segment contribution to total sales -1.05 % of total Revenue
Decommissioning Well Intervention Reportable Segments   Decommissioning Well Intervention Reportable Segments Segment contribution to total sales 30.65 % of total Revenue
Decommissioning Robotics Reportable Segments   Decommissioning Robotics Reportable Segments Segment contribution to total sales 1.31 % of total Revenue
Decommissioning Shallow Water Abandonment Reportable Segments   Decommissioning Shallow Water Abandonment Reportable Segments Segment contribution to total sales 13.15 % of total Revenue
Renewables   Renewables Segment contribution to total sales 11.22 % of total Revenue
Renewables Robotics Reportable Segments   Renewables Robotics Reportable Segments Segment contribution to total sales 11.22 % of total Revenue
Other   Other Segment contribution to total sales 6.34 % of total Revenue
Other Well Intervention Reportable Segments   Other Well Intervention Reportable Segments Segment contribution to total sales 0.37 % of total Revenue
Other Robotics Reportable Segments   Other Robotics Reportable Segments Segment contribution to total sales 0.77 % of total Revenue
Short-term   Short-term Segment contribution to total sales 58.95 % of total Revenue
Short-term Intercompany Eliminations   Short-term Intercompany Eliminations Segment contribution to total sales -0.5 % of total Revenue
Short-term Well Intervention Reportable Segments   Short-term Well Intervention Reportable Segments Segment contribution to total sales 36.55 % of total Revenue
Short-term Robotics Reportable Segments   Short-term Robotics Reportable Segments Segment contribution to total sales 11.54 % of total Revenue
Short-term Shallow Water Abandonment Reportable Segments   Short-term Shallow Water Abandonment Reportable Segments Segment contribution to total sales 11.36 % of total Revenue
Long-term   Long-term Segment contribution to total sales 41.12 % of total Revenue
Long-term Intercompany Eliminations   Long-term Intercompany Eliminations Segment contribution to total sales -2.79 % of total Revenue
Long-term Well Intervention Reportable Segments   Long-term Well Intervention Reportable Segments Segment contribution to total sales 24.58 % of total Revenue
Long-term Robotics Reportable Segments   Long-term Robotics Reportable Segments Segment contribution to total sales 10.39 % of total Revenue
Long-term Shallow Water Abandonment Reportable Segments   Long-term Shallow Water Abandonment Reportable Segments Segment contribution to total sales 2.41 % of total Revenue
Long-term Production Facilities Reportable Segments   Long-term Production Facilities Reportable Segments Segment contribution to total sales 6.53 % of total Revenue
Reportable Aggregation before Other Segment   Reportable Aggregation before Other Segment Segment contribution to total sales 100.07 % of total Revenue
Reportable Aggregation before Other Reportable Segments   Reportable Aggregation before Other Reportable Segments Segment contribution to total sales 103.36 % of total Revenue
Reportable Aggregation before Other Intercompany Eliminations   Reportable Aggregation before Other Intercompany Eliminations Segment contribution to total sales 3.29 % of total Revenue
Well Intervention Intercompany Eliminations   Well Intervention Intercompany Eliminations Segment contribution to total sales 0.47 % of total Revenue
Well Intervention Material reconciling   Well Intervention Material reconciling Segment contribution to total sales -2.03 % of total Revenue
Other Intercompany Eliminations   Other Intercompany Eliminations Segment contribution to total sales -0.05 % of total Revenue
Other Shallow Water Abandonment Reportable Segments   Other Shallow Water Abandonment Reportable Segments Segment contribution to total sales 0 % of total Revenue
United States   United States Segment contribution to total sales 39.99 % of total Revenue
North Sea   North Sea Segment contribution to total sales 18.41 % of total Revenue
United Kingdom   United Kingdom Segment contribution to total sales 13.39 % of total Revenue
Brazil   Brazil Segment contribution to total sales 13.67 % of total Revenue
Asia Pacific   Asia Pacific Segment contribution to total sales 16.36 % of total Revenue
West Africa   West Africa Segment contribution to total sales 5.3 % of total Revenue


Twelve months ended 2024
HLX s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Intercompany Eliminations -44.67 -3.29 %
Well Intervention 823.47 60.66 %
Well Intervention Reportable Segments 829.86 61.13 %
Robotics 259.64 19.13 %
Robotics Reportable Segments 297.68 21.93 %
Robotics Intercompany Eliminations 38.04 2.8 %
Shallow Water Abandonment 186.74 13.76 %
Shallow Water Abandonment Reportable Segments 186.98 13.77 %
Shallow Water Abandonment Intercompany Eliminations 0.24 0.02 %
Production Facilities 88.71 6.53 %
Production Facilities Reportable Segments 88.71 6.53 %
Production maximization 593.50 43.72 %
Production maximization Intercompany Eliminations -29.68 -2.19 %
Production maximization Well Intervention Reportable Segments 408.79 30.11 %
Production maximization Robotics Reportable Segments 117.21 8.63 %
Production maximization Shallow Water Abandonment Reportable Segments 8.47 0.62 %
Production maximization Production Facilities Reportable Segments 88.71 6.53 %
Decommissioning 597.96 44.05 %
Decommissioning Intercompany Eliminations -14.27 -1.05 %
Decommissioning Well Intervention Reportable Segments 416.06 30.65 %
Decommissioning Robotics Reportable Segments 17.72 1.31 %
Decommissioning Shallow Water Abandonment Reportable Segments 178.46 13.15 %
Renewables 152.31 11.22 %
Renewables Robotics Reportable Segments 152.31 11.22 %
Other 86.12 6.34 %
Other Well Intervention Reportable Segments 5.01 0.37 %
Other Robotics Reportable Segments 10.45 0.77 %
Short-term 800.32 58.95 %
Short-term Intercompany Eliminations -6.78 -0.5 %
Short-term Well Intervention Reportable Segments 496.16 36.55 %
Short-term Robotics Reportable Segments 156.66 11.54 %
Short-term Shallow Water Abandonment Reportable Segments 154.28 11.36 %
Long-term 558.24 41.12 %
Long-term Intercompany Eliminations -37.89 -2.79 %
Long-term Well Intervention Reportable Segments 333.70 24.58 %
Long-term Robotics Reportable Segments 141.02 10.39 %
Long-term Shallow Water Abandonment Reportable Segments 32.70 2.41 %
Long-term Production Facilities Reportable Segments 88.71 6.53 %
Reportable Aggregation before Other Segment 1,358.56 100.07 %
Reportable Aggregation before Other Reportable Segments 1,403.23 103.36 %
Reportable Aggregation before Other Intercompany Eliminations 44.67 3.29 %
Total 1,357.56 100 %
Well Intervention Intercompany Eliminations 6.39 0.47 %
Well Intervention Material reconciling -27.60 -2.03 %
Other Intercompany Eliminations -0.72 -0.05 %
Other Shallow Water Abandonment Reportable Segments 0.05 0 %
United States 542.86 39.99 %
North Sea 249.97 18.41 %
United Kingdom 181.80 13.39 %
Brazil 185.54 13.67 %
Asia Pacific 222.12 16.36 %
West Africa 71.96 5.3 %


Twelve months ended 2024
HLX s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total 55.64 4.1 %

Twelve months ended 2024
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Intercompany Eliminations - -
Well Intervention 16.91 % -
Well Intervention Reportable Segments 17.26 % -
Robotics 16.63 % -
Robotics Reportable Segments 15.43 % -
Robotics Intercompany Eliminations 7.87 % -
Shallow Water Abandonment -32.06 % -
Shallow Water Abandonment Reportable Segments -32 % -
Shallow Water Abandonment Intercompany Eliminations 171.59 % -
Production Facilities 0.94 % -
Production Facilities Reportable Segments 0.94 % -
Production maximization 42.59 % -
Production maximization Intercompany Eliminations - -
Production maximization Well Intervention Reportable Segments 78.79 % -
Production maximization Robotics Reportable Segments 13.03 % -
Production maximization Shallow Water Abandonment Reportable Segments -38.74 % -
Production maximization Production Facilities Reportable Segments 0.94 % -
Decommissioning -20.13 % -
Decommissioning Intercompany Eliminations - -
Decommissioning Well Intervention Reportable Segments -9.24 % -
Decommissioning Robotics Reportable Segments -62.91 % -
Decommissioning Shallow Water Abandonment Reportable Segments -31.66 % -
Renewables 52.52 % -
Renewables Robotics Reportable Segments 52.52 % -
Other 314.45 % -
Other Well Intervention Reportable Segments -75.7 % -
Other Robotics Reportable Segments 59.41 % -
Short-term -1.81 % -
Short-term Intercompany Eliminations - -
Short-term Well Intervention Reportable Segments 11.92 % -
Short-term Robotics Reportable Segments 17.13 % -
Short-term Shallow Water Abandonment Reportable Segments -36.09 % -
Long-term 17.6 % -
Long-term Intercompany Eliminations - -
Long-term Well Intervention Reportable Segments 26.22 % -
Long-term Robotics Reportable Segments 13.6 % -
Long-term Shallow Water Abandonment Reportable Segments -2.5 % -
Long-term Production Facilities Reportable Segments 0.94 % -
Reportable Aggregation before Other Segment 5.34 % -
Reportable Aggregation before Other Reportable Segments 5.63 % -
Reportable Aggregation before Other Intercompany Eliminations 15.41 % -
Well Intervention Intercompany Eliminations 90.58 % -
Well Intervention Material reconciling - -
Other Intercompany Eliminations - -
United States -15.8 % -
North Sea -9.02 % -
United Kingdom -23.03 % -
Brazil 4.78 % -
Asia Pacific 35.47 % -
West Africa 754.33 % -



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