Helix Energy Solutions Group, Inc. (HLX) Q1 2026 Earnings Call Transcript

Operator

Good morning, and welcome to today’s conference call to discuss the combination of Helix Energy Solutions and Hornbeck Offshore as well as Helix’s First Quarter 2026 results. Please note this event is being recorded. [Operator Instructions] You can find today’s investor presentation as well as the press release regarding the transaction at each company’s Investor Relations website. The press release regarding Helix’s First Quarter 2026 Results can be found at Helix’s Investor Relations website as well as the earnings presentation.

I would now like to turn the call over to Erik Staffeldt, Executive Vice President and Chief Financial Officer at Helix. Please go ahead.

Erik Staffeldt
Executive VP & CFO

Thank you, and good morning. As highlighted, any forward-looking statements we make during today’s conference call are given in the context of today only and are subject to important risks as discussed in the presentation. Actual results and events could differ materially from those discussed here. Please also refer to the additional information discussed on this slide as well as in our SEC filings.

I’ll now turn to a brief overview of Helix’s first quarter 2026 results.

Helix’s team delivered another well-executed quarter, safely and efficiently providing our customers with world-class service. Our first quarter results reflect expected seasonal levels during the winter in the North Sea and Gulf of America shelf, impacting our well intervention, Robotics and Shallow Water Abandonment segments, and they reflect the cost of