Oct. 27 at 2:54 AM
$HLX Strong Revenue Growth
The improvement is firmly rooted in their core business increasing revenue:
• Quarterly Revenue: Revenue grew to
$377 million in Q3 2025, up from
$302 million in Q2 2025 and
$342 million in Q3 2024.
• Segment Performance: The growth was driven by key segments:
• Well Intervention: Revenue was up 23% sequentially (QoQ), thanks to higher utilization and rates for their flagship rigs like the Q5000 and Q7000.
• Robotics: Revenue rose 16% QoQ, propelled by strong demand for trenching and renewables operations.
• Shallow Water Abandonment: This segment saw the sharpest rise, up 47% QoQ, due to higher asset utilization.
3. High Future Visibility
A key indicator of sustainable earnings improvement is the backlog.
In short, HLX's earnings improvement is a story of recovering from recent temporary weakness, converting demand into high-margin revenue across multiple segments, and achieving its best operational metrics in over a decade.
