Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “HLX.” On February 17, 2026, the closing sale price of our common stock on the NYSE was $8.39 per share. As of February 17, 2026, there were 263 registered shareholders and approximately 77,380 beneficial shareholders of our common stock.
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We have not declared or paid cash dividends on our common stock in the past nor do we intend to pay cash dividends in the foreseeable future. In addition, our financing arrangements may place certain limitations on the payment of cash dividends on our common stock. We currently intend to reinvest any retained earnings, if any, for the future operation and growth of our business, to repay maturing debt that is not refinanced, or to use for potential acquisition opportunities or share repurchases. Our Board will review this matter on a regular basis in light of our earnings and financial forecasts, financial position and market opportunities. See Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations “— Liquidity and Capital Resources” of this Annual Report.
Shareholder Return Performance Graph
The following graph compares the cumulative total shareholder return on our common stock for the period since December 31, 2020 to the cumulative total shareholder return for (i) the stocks of 500 large-cap corporations maintained by Standard & Poor’s (“S&P 500”), assuming the reinvestment of dividends; (ii) the Philadelphia Oil Service Sector index (the “OSX”), a price-weighted index of leading oil service companies, assuming the reinvestment of dividends; and (iii) a peer group selected by us as of January 2025 (the “2025 Performance Peer Group”) including the following companies: Archrock, Inc., Core Laboratories N.V., Expro Group Holdings N.V., Forum Energy Technologies, Inc., Helmerich & Payne, Inc., Nabors Industries Ltd., NPK International Inc. (formerly Newpark Resources, Inc.), Noble Corporation plc, NOV Inc., Oceaneering International, Inc., Oil States International, Inc., Patterson-UTI Energy, Inc., Precision Drilling Corporation, ProPetro Holding Corp., RPC, Inc., Select Water Solutions, Inc., TETRA Technologies, Inc., Tidewater Inc., Tranocean Ltd. and Weatherford International plc. The returns of each member of the 2025 Performance Peer Group have been weighted according to each individual company’s equity market capitalization as of December 31, 2025 and have been adjusted for the reinvestment of any dividends. We believe that in 2025 the members of the 2025 Performance Peer Group provided services and products more comparable to us than those companies included in the OSX. The graph assumes $100 was invested on December 31, 2020 in our common stock at the closing price on that date price and on December 31, 2020 in the three indices presented. We paid no cash dividends during the period presented. The cumulative total percentage returns for the period presented are as follows: our stock — 49.3%; the 2025 Performance Peer Group — 71.2%; the OSX — 81.7%; and S&P 500 — 96.2%. These results are not necessarily indicative of future performance.
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Comparison of Five Year Cumulative Total Return among Helix, S&P 500,
OSX and Peer Group
As of December 31,
2020
2021
2022
2023
2024
2025
Helix
$
100.0
$
74.3
$
175.7
$
244.8
$
221.9
$
149.3
2025 Performance Peer Group Index
$
100.0
$
121.0
$
197.8
$
208.4
$
174.0
$
171.2
OSX
$
100.0
$
120.7
$
195.0
$
198.7
$
175.6
$
181.7
S&P 500
$
100.0
$
128.7
$
105.4
$
133.1
$
166.4
$
196.2
Source: Bloomberg.
Issuer Purchases of Equity Securities
(c)
(d)
Total number
Approximate dollar
of shares
value of shares
(a)
(b)
purchased as
that may yet be
Total number
Average
part of publicly
purchased under the
of shares
price paid
announced plans
plans or programs (2)
Period
purchased (1)
per share
or programs (2)
(in thousands)
October 1 to October 31, 2025
—
$
—
—
$
128,380
November 1 to November 30, 2025
—
—
—
128,380
December 1 to December 31, 2025
19,048
7.25
—
128,380
19,048
$
7.25
—
(1) Includes shares forfeited in satisfaction of tax obligations upon vesting of share-based awards under our existing long-term incentive plans.
(2) On February 20, 2023, we announced that our Board authorized a share repurchase program (the “2023 Repurchase Program”) under which we are authorized to repurchase up to $200 million issued and outstanding shares of our common stock (Note 10). The 2023 Repurchase Program has no set expiration date. Concurrent with the authorization of the 2023 Repurchase Program, our Board revoked the prior authorization to repurchase shares of our common stock in an amount equal to any equity granted to our employees, officers and directors under our share-based compensation plans.
Item 6. [Reserved]
Not applicable.