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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 OR 15(d) of The Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): September 2, 2008</B>

<P style="font-size: 24pt" align="center"><B>Helix Energy Solutions Group,
Inc.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
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cellpadding="0" width="100%" border="0">

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  <TD width="1%">&nbsp;</TD>
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  <TD width="32%">&nbsp;</TD>
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 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Minnesota</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>001-32936</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>95-3409686</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

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cellpadding="0" width="100%" border="0">

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  <TD style="border-bottom: #000000 1px solid"><B>400 N. Sam Houston Parkway
E.,<br>Suite 400<BR>
Houston, Texas<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>77060</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
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<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>281-618-0400</B>
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cellpadding="0" width="30%" border="0">

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  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
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<P style="font-size: 10pt" align="justify"><B>Item&nbsp;7.01 Regulation&nbsp;FD
Disclosure.</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">On
September&nbsp;3, 2008, representatives of Helix Energy Solutions Group, Inc.
(&#8220;Helix&#8221;) will make a presentation at the Lehman Brothers CEO
Energy/Power Conference at the Sheraton New York Hotel and Towers in New York,
New York. The presentation materials to be delivered at the conference are
attached hereto as Exhibit&nbsp;99.1 and incorporated by reference herein. The
presentation materials will also be posted beginning on September&nbsp;2, 2008
in the <I>Presentations</I> section under <I>Investor Relations </I>of
Helix&#8217;s website, <U>www.helixesg.com</U>.

<P style="font-size: 10pt; text-indent: 4%" align="justify">This information is
not deemed to be &#8220;filed&#8221; for the purposes of Section&nbsp;18 of the
Securities Exchange Act of 1934, as amended (&#8220;Exchange Act&#8221;), or
otherwise subject to the liabilities of that section, and such information is
not incorporated by reference into any registration statements or other
document filed under the Securities Act of 1933, as amended (&#8220;Securities
Act&#8221;), or the Exchange Act, regardless of the general incorporation
language contained in such filing, except as shall be expressly set forth by
specific reference to this filing.

<P style="font-size: 10pt" align="justify">Forward-Looking Statements and
Assumptions

<P style="font-size: 10pt; text-indent: 3%"
align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Report on Form 8-K contains certain statements that are, or may be deemed to
be, &#8220;forward-looking statements&#8221; within the meaning of
Section&nbsp;27A of the Securities Act, as amended, and Section&nbsp;21E of the
Exchange Act. All statements, other than statements of historical facts,
included herein or incorporated herein by reference are forward-looking
statements. Included among forward-looking statements are, among other things:

<P>
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width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements regarding our anticipated
production volumes, results of exploration, exploitation, development,
acquisition or operations expenditures, and current or prospective reserve
levels with respect to any property or well, or the ability to replace oil and
gas reserves;</DIV>
</TD>
 </TR>

</TABLE>


<P>
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border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
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width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements related to commodity prices for oil
and gas or with respect to the supply of and demand for oil and gas;</DIV>
</TD>
 </TR>

</TABLE>


<P>
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border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements relating to our proposed
acquisition, exploration, development and/or production of oil and gas
properties, prospects or other interests and any anticipated costs related
thereto;</DIV>
</TD>
 </TR>

</TABLE>


<P>
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border="0">

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style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
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width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements regarding any financing
transactions or arrangements, or ability to enter into such transactions;</DIV>
</TD>
 </TR>

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border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements relating to the construction or
acquisition of vessels or equipment, including statements concerning the
engagement of any engineering, procurement and construction contractor and any
anticipated costs related thereto;</DIV>
</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements that our proposed vessels, when
completed, will have certain characteristics or the effectiveness of such
characteristics;</DIV>
</TD>
 </TR>

</TABLE>


<P>
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border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements regarding projections of revenues,
gross margin, expenses, capital costs, earnings or losses or other financial
items;</DIV>
</TD>
 </TR>

</TABLE>


<P>
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border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements regarding our business strategy,
our business plans or any other plans, forecasts or objectives;</DIV>
</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
</DIV>

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border="0">

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width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements regarding any Securities and
Exchange Commission (&#8220;SEC&#8221;) or other governmental or regulatory
inquiry or investigation;</DIV>
</TD>
 </TR>

</TABLE>


<P>
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border="0">

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style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements regarding anticipated legislative,
governmental, regulatory, administrative or other public body actions,
requirements, permits or decisions;</DIV>
</TD>
 </TR>

</TABLE>


<P>
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border="0">

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style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements regarding anticipated developments,
industry trends, performance or industry ranking;</DIV>
</TD>
 </TR>

</TABLE>


<P>
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border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements related to the underlying
assumptions related to any projection or forward-looking statement;</DIV>
</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements related to environmental risks,
exploration and development risks, or drilling and operating risks;</DIV>
</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements related to the ability of the
Company to retain key members of its senior management and key employees;</DIV>
</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">statements regarding general economic or
political conditions, whether international, national or in the regional and
local market areas in which we do business;&nbsp;and</DIV>
</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="1%">&nbsp;</TD>
  <TD nowrap align="right" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">any other statements that relate to
non-historical or future information.</DIV>
</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt; text-indent: 4%" align="justify">These
forward-looking statements are often identified by the use of terms and phrases
such as &#8220;achieve,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221;
&#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;forecast,&#8221;
&#8220;plan,&#8221; &#8220;project,&#8221; &#8220;propose,&#8221;
&#8220;strategy,&#8221; &#8220;predict,&#8221; &#8220;envision,&#8221;
&#8220;hope,&#8221; &#8220;intend,&#8221; &#8220;will,&#8221;
&#8220;continue,&#8221; &#8220;may,&#8221; &#8220;potential,&#8221;
&#8220;achieve,&#8221; &#8220;should,&#8221; &#8220;could&#8221; and similar
terms and phrases. Although we believe that the expectations reflected in these
forward-looking statements are reasonable, they do involve assumptions, risks
and uncertainties, and these expectations may prove to be incorrect. You should
not place undue reliance on these forward-looking statements.

<P style="font-size: 10pt; text-indent: 4%" align="justify">Our actual results
could differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those discussed in
&#8220;Risk Factors&#8221; in our Annual Report on Form 10-K for the year ended
December&nbsp;31, 2007. All forward-looking statements attributable to us or
persons acting on our behalf are expressly qualified in their entirety by these
risk factors. Forward-looking statements are only as of the date they are made,
and other than as required under the securities laws, we assume no obligation
to update or revise these forward-looking statements or provide reasons why
actual results may differ.

<P style="font-size: 10pt" align="justify">Reconciliation of Non-GAAP Financial
Measures

<P style="font-size: 10pt; text-indent: 4%" align="justify">In addition to net
income, we evaluate our financial performance based on other factors, one
primary measure of which is earnings before net interest expense, taxes,
depreciation, amortization and exploration expenses (adjusted EBITDAX). We
calculate adjusted EBITDAX as earnings before net interest expense, taxes,
depreciation and amortization, exploration expense. Further, we reduce adjusted
EBITDAX for the minority interest in Cal Dive International, Inc. that we do
not own. Adjusted EBITDAX margin is defined as adjusted EBITDAX divided by net
revenues. These non-GAAP measures are useful to investors and other internal
and external users of our financial statements in evaluating our operating
performance because they are widely used by investors in our industry to
measure a company&#8217;s operating

<P style="font-size: 10pt; text-indent: 4%" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
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<P style="font-size: 10pt" align="justify">performance without regard to items
which can vary substantially from company to company and help investors
meaningfully compare our results from period to period. Adjusted EBITDAX should
not be considered in isolation or as a substitute for, but instead is
supplemental to, income from operations, net income or other income data
prepared in accordance with GAAP. Non-GAAP financial measures should be viewed
in addition to, and not as an alternative to income from operations, net income
and other income data included in our reported results prepared in accordance
with GAAP. Non-GAAP financial measures should be viewed in addition to, and not
as an alternative to our reported results prepared in accordance with GAAP.
Users of this financial information should consider the types of events and
transactions which are excluded.

<P style="font-size: 10pt; text-indent: 4%" align="justify">The Reconciliation
of Non-GAAP Measures related to the presentation materials to be delivered at
the conference are attached hereto as Exhibit&nbsp;99.2 and incorporated by
reference herein. The Reconciliation of Non-GAAP Measures will also be posted
in the Investor Relations section of Helix&#8217;s website, www.helixesg.com.

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;9.01 Financial
Statements and Exhibits.</B>

<P style="font-size: 10pt" align="justify">(c)&nbsp;<I>Exhibits.</I>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">Number</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">Description</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">99.1</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Lehman Brothers CEO Energy/Power Conference Presentation.</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">99.2</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Reconciliation of Non-GAAP Measures.</TD>
 </TR>

<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="justify"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.

<P style="font-size: 10pt" align="justify">Date: September&nbsp;2, 2008

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<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">HELIX ENERGY SOLUTIONS GROUP, INC.</TD>
</TR>

<TR><TD>&nbsp;<BR></TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD align="left">By: </TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">/s/ Anthony Tripodo</TD>
 </TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Anthony Tripodo<BR>Executive Vice President and
Chief Financial Officer</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
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<P style="font-size: 10pt" align="center"><B>Index to Exhibits</B>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
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  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>

 <TR valign="bottom">
  <TD nowrap style="border-bottom: 1px solid #000000" valign="top"><DIV style="margin-left: 0px; text-indent: 0px">Exhibit No.</DIV></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: 1px solid #000000" valign="top" align="left">Description</TD>
 </TR>

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 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">99.1</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Lehman Brothers CEO Energy/Power Conference Presentation.</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>


 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">99.2</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Reconciliation of Non-GAAP Measures.</TD>
 </TR>

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<P style="display: none; font-size: 10pt" align="center">5
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[{"type": "8-K", "sequence": "1", "filename": "c75005e8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 24531}]
{"company-data": {"conformed-name": "HELIX ENERGY SOLUTIONS GROUP INC", "cik": "0000866829", "assigned-sic": "1389", "irs-number": "953409686", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32936", "film-number": "081050293"}, "business-address": {"street1": "400 N SAM HOUSTON PKWY E", "street2": "SUITE 400", "city": "HOUSTON", "state": "TX", "zip": "77060", "phone": "2816180400"}, "mail-address": {"street1": "400 N SAM HOUSTON PKWY E", "street2": "SUITE 400", "city": "HOUSTON", "state": "TX", "zip": "77060"}, "former-company": {"former-conformed-name": "CAL DIVE INTERNATIONAL INC", "date-changed": "19960821"}}
Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): September 2, 2008
Helix Energy Solutions Group,
Inc.
(Exact name of registrant as
specified in its charter)
Minnesota
001-32936
95-3409686
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
400 N. Sam Houston Parkway
E.,
Suite 400
Houston, Texas
77060
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
281-618-0400
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD
Disclosure.
On
September 3, 2008, representatives of Helix Energy Solutions Group, Inc.
("Helix") will make a presentation at the Lehman Brothers CEO
Energy/Power Conference at the Sheraton New York Hotel and Towers in New York,
New York. The presentation materials to be delivered at the conference are
attached hereto as Exhibit 99.1 and incorporated by reference herein. The
presentation materials will also be posted beginning on September 2, 2008
in the
Presentations
section under
Investor Relations
of
Helix's website,
www.helixesg.com
.
This information is
not deemed to be "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended ("Exchange Act"), or
otherwise subject to the liabilities of that section, and such information is
not incorporated by reference into any registration statements or other
document filed under the Securities Act of 1933, as amended ("Securities
Act"), or the Exchange Act, regardless of the general incorporation
language contained in such filing, except as shall be expressly set forth by
specific reference to this filing.
Forward-Looking Statements and
Assumptions
This
Report on Form 8-K contains certain statements that are, or may be deemed to
be, "forward-looking statements" within the meaning of
Section 27A of the Securities Act, as amended, and Section 21E of the
Exchange Act. All statements, other than statements of historical facts,
included herein or incorporated herein by reference are forward-looking
statements. Included among forward-looking statements are, among other things:
•
statements regarding our anticipated
production volumes, results of exploration, exploitation, development,
acquisition or operations expenditures, and current or prospective reserve
levels with respect to any property or well, or the ability to replace oil and
gas reserves;
•
statements related to commodity prices for oil
and gas or with respect to the supply of and demand for oil and gas;
•
statements relating to our proposed
acquisition, exploration, development and/or production of oil and gas
properties, prospects or other interests and any anticipated costs related
thereto;
•
statements regarding any financing
transactions or arrangements, or ability to enter into such transactions;
•
statements relating to the construction or
acquisition of vessels or equipment, including statements concerning the
engagement of any engineering, procurement and construction contractor and any
anticipated costs related thereto;
•
statements that our proposed vessels, when
completed, will have certain characteristics or the effectiveness of such
characteristics;
•
statements regarding projections of revenues,
gross margin, expenses, capital costs, earnings or losses or other financial
items;
•
statements regarding our business strategy,
our business plans or any other plans, forecasts or objectives;
•
statements regarding any Securities and
Exchange Commission ("SEC") or other governmental or regulatory
inquiry or investigation;
•
statements regarding anticipated legislative,
governmental, regulatory, administrative or other public body actions,
requirements, permits or decisions;
•
statements regarding anticipated developments,
industry trends, performance or industry ranking;
•
statements related to the underlying
assumptions related to any projection or forward-looking statement;
•
statements related to environmental risks,
exploration and development risks, or drilling and operating risks;
•
statements related to the ability of the
Company to retain key members of its senior management and key employees;
•
statements regarding general economic or
political conditions, whether international, national or in the regional and
local market areas in which we do business; and
•
any other statements that relate to
non-historical or future information.
These
forward-looking statements are often identified by the use of terms and phrases
such as "achieve," "anticipate," "believe,"
"estimate," "expect," "forecast,"
"plan," "project," "propose,"
"strategy," "predict," "envision,"
"hope," "intend," "will,"
"continue," "may," "potential,"
"achieve," "should," "could" and similar
terms and phrases. Although we believe that the expectations reflected in these
forward-looking statements are reasonable, they do involve assumptions, risks
and uncertainties, and these expectations may prove to be incorrect. You should
not place undue reliance on these forward-looking statements.
Our actual results
could differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those discussed in
"Risk Factors" in our Annual Report on Form 10-K for the year ended
December 31, 2007. All forward-looking statements attributable to us or
persons acting on our behalf are expressly qualified in their entirety by these
risk factors. Forward-looking statements are only as of the date they are made,
and other than as required under the securities laws, we assume no obligation
to update or revise these forward-looking statements or provide reasons why
actual results may differ.
Reconciliation of Non-GAAP Financial
Measures
In addition to net
income, we evaluate our financial performance based on other factors, one
primary measure of which is earnings before net interest expense, taxes,
depreciation, amortization and exploration expenses (adjusted EBITDAX). We
calculate adjusted EBITDAX as earnings before net interest expense, taxes,
depreciation and amortization, exploration expense. Further, we reduce adjusted
EBITDAX for the minority interest in Cal Dive International, Inc. that we do
not own. Adjusted EBITDAX margin is defined as adjusted EBITDAX divided by net
revenues. These non-GAAP measures are useful to investors and other internal
and external users of our financial statements in evaluating our operating
performance because they are widely used by investors in our industry to
measure a company's operating
performance without regard to items
which can vary substantially from company to company and help investors
meaningfully compare our results from period to period. Adjusted EBITDAX should
not be considered in isolation or as a substitute for, but instead is
supplemental to, income from operations, net income or other income data
prepared in accordance with GAAP. Non-GAAP financial measures should be viewed
in addition to, and not as an alternative to income from operations, net income
and other income data included in our reported results prepared in accordance
with GAAP. Non-GAAP financial measures should be viewed in addition to, and not
as an alternative to our reported results prepared in accordance with GAAP.
Users of this financial information should consider the types of events and
transactions which are excluded.
The Reconciliation
of Non-GAAP Measures related to the presentation materials to be delivered at
the conference are attached hereto as Exhibit 99.2 and incorporated by
reference herein. The Reconciliation of Non-GAAP Measures will also be posted
in the Investor Relations section of Helix's website, www.helixesg.com.
Item 9.01 Financial
Statements and Exhibits.
(c)
Exhibits.
Number
Description
99.1
Lehman Brothers CEO Energy/Power Conference Presentation.
99.2
Reconciliation of Non-GAAP Measures.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Date: September 2, 2008
HELIX ENERGY SOLUTIONS GROUP, INC.
By:
/s/ Anthony Tripodo
Anthony Tripodo
Executive Vice President and
Chief Financial Officer
Index to Exhibits
Exhibit No.
Description
99.1
Lehman Brothers CEO Energy/Power Conference Presentation.
99.2
Reconciliation of Non-GAAP Measures.