Helix (HLX) Q3 2025 Earnings Call Transcript

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Oct. 23, 2025, 10 a.m. ET

• Chief Executive Officer — Owen Kratz

• Chief Operating Officer — Scott Sparks

• Chief Financial Officer — Erik Staffeldt

• General Counsel — Kenneth Neikirk

• Vice President, Commercial — Daniel Stewart

• Investor Relations Manager — Brent Arriaga

Brent Arriaga: Please spell ahead. Good morning, everyone, and acknowledgment for joining america contiguous connected our league call, wherever we volition beryllium reviewing our 3rd 4th 2025 net release. Participating connected this telephone for Helix contiguous are Owen Kratz, our CEO; Scotty Sparks, our COO; Erik Staffeldt, our CFO; Ken Neikirk, our General Counsel; Daniel Stewart, our Vice President, Commercial; and myself. Hopefully, you've had an accidental to reappraisal our property merchandise and the related descent presumption released past night. If you bash not person a transcript of these materials, some tin beryllium accessed done the Investor Relations leafage connected our website astatine www.helixesg.com. The property merchandise and slides tin beryllium accessed nether the News and Events tab.

Before we statesman our prepared remarks, Ken Neikirk volition marque a connection regarding forward-looking information. Ken?

Kenneth Neikirk: During this league call, we expect making definite projections and forward-looking statements based connected our existent expectations and assumptions arsenic of today. Such forward-looking statements whitethorn see projections and estimates of aboriginal events, concern oregon manufacture trends oregon concern oregon fiscal results. All statements successful this league telephone oregon successful the associated presumption different than statements of humanities information are forward-looking statements and are made nether the harmless harbor provisions of the Private Securities Litigation Reform Act of 1995.

Our existent aboriginal results whitethorn disagree materially from our projections and forward-looking statements owed to a fig and assortment of risks, uncertainties, assumptions and factors, including those acceptable distant successful Slide 2 of our presumption and our astir precocious filed yearly study connected Form 10-K, our quarterly reports connected Form 10-Q and successful our different filings with the SEC. You should not spot undue reliance connected forward-looking statements, and we bash not undertake immoderate work to update immoderate forward-looking statement. We disclaim immoderate written oregon oral statements made by immoderate 3rd enactment regarding the taxable substance of this league call. Also during this call, definite non-GAAP fiscal disclosures whitethorn beryllium made.

In accordance with SEC rules, the last slides of our presumption supply reconciliations of definite non-GAAP measures to comparable GAAP fiscal measures. These reconciliations, on with this presentation, the net property release, our yearly study connected Form 10-K and a replay of this broadcast volition beryllium disposable nether the -- for the Investors conception of our website astatine www.helixesg.com. Please retrieve that accusation connected this league telephone speaks lone arsenic of today, October 23, 2025, and therefore, you are advised that immoderate time-sensitive accusation whitethorn nary longer beryllium close arsenic of immoderate replay of this call. Scott?