Helix Energy Solutions Group's stock soared 7.39% intraday on Tuesday, driven by the company's better-than-expected fourth-quarter financial results and optimistic guidance for future operations.

The offshore energy services provider reported quarterly earnings of $0.06 per share, significantly exceeding the analyst consensus estimate of $0.01. Revenue for the quarter reached $334.162 million, beating expectations of $300.694 million. Beyond the headline numbers, the company highlighted strong free cash flow generation exceeding $100 million during the quarter and secured a multi-year plugging and abandonment program in the UK North Sea.

Management's outlook points to anticipated improvements in the offshore market in the latter half of 2026 and into 2027, with the Thunder Hawk field expected to resume production in April. These positive developments have generated strong investor sentiment toward the company's future prospects.