Helix Energy Solutions Group

Helix Energy Solutions Group, Inc. is an international offshore energy company. It focuses on subsea construction, maintenance and salvage services to the offshore natural gas and oil industry. The firm also provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. The company operates through the following business segments: Well Intervention, Robotics and Production Facilities. The Well Intervention segment offers vessels and related equipment that are used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. The Robotics segment involves four chartered vessels and also includes ROVs, trenchers and ROVDrills designed to complement offshore construction and well intervention services. The Production Facilities segment includes its investment in the Helix Producer I and Kommandor LLC. The company was founded in 1979 and is headquartered in Houston, TX.

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Earnings data Q4 2024

Helix Energy Solutions Group reports strong Q4 earnings and eyes renewables growth

Helix Energy Solutions Group delivered solid financial performance in Q4 2022 and for the full year, showcasing growth and operational efficiency.
The company's strong balance sheet, share buyback program, and focus on renewables and decommissioning opportunities position it for sustainable growth.
While facing challenges such as revenue variability and seasonality effects, Helix Energy Solutions Group is well-positioned to capitalize on market opportunities and drive profitability.
With a strategic outlook for 2023, including revenue guidance and operational insights, the company aims to maintain financial stability and capitalize on emerging trends.

Helix Energy Solutions Group exceeds Q1 expectations amidst market challenges

Helix Energy Solutions Group demonstrated operational strength and exceeded expectations in Q1 2023, trending towards upper-end guidance.
Efficiency advantages of intervention vessels and strong market demand were key drivers of performance.
Challenges include vessel availability concerns, cost management in a tight labor market, and pricing dynamics.
Opportunities lie in exploring flexible contract structures, positive cash generation, and potential framework adjustments for strategic growth.

Helix Energy Solutions Group reports robust Q2 performance and growth opportunities

Helix Energy Solutions Group demonstrated strong financial performance in Q2 2023, with revenue growth and improved profitability across key segments.
The company's focus on offshore markets, robotics, and decommissioning business positions it well for future growth and contract opportunities.
Challenges such as seasonal market fluctuations and operator concerns require strategic management, but overall, Helix shows resilience and potential for expansion.
With a solid foundation in place and a positive outlook for the future, Helix Energy Solutions Group is poised for continued success and value creation for shareholders.

Helix Energy Solutions Group reports robust Q3 performance and eyes 2024 growth opportunities

Helix Energy Solutions Group delivered strong financial results in Q3 2023, showcasing improved performance and positive market conditions. The company is strategically managing challenges such as debt instruments and working capital impacts while focusing on growth opportunities in 2024. Analyst questions centered on free cash flow guidance, future growth prospects, and acquisitions in specific market segments.

Helix Energy reports improved Q4 performance amidst global growth opportunities

Helix Energy Solutions Group showcased improved financial performance in Q4 2023 despite a net loss, with strong activity levels and balance sheet restructuring efforts.
The company's strengths lie in its market positioning in the Gulf of Mexico, global growth opportunities, and leadership in Robotics services.
Challenges include segment-specific fluctuations, ongoing debt restructuring, and market uncertainties, while opportunities exist in market expansion and financial stability.

Helix Energy Solutions Group (HLX) reports Q1 results, eyes Brazil opportunities

Helix Energy Solutions Group (HLX) reported mixed financials for Q1 2024 but highlighted operational successes and strategic moves. The company is maintaining guidance for 2024, expecting strong quarters in Q2 and Q3. HLX remains optimistic about opportunities in the offshore market and potential vessel investments.

Helix Energy reports robust Q2 earnings, eyes growth opportunities

Helix Energy Solutions Group delivered strong financial results in Q2 2024, showcasing operational efficiency and revenue growth across key segments.
While facing short-term liquidity challenges and operational queries, the company's focus on debt management and strategic guidance for 2024 highlight a path towards sustained growth.
With opportunities for revenue expansion and enhanced profitability in Well Intervention and Robotics, Helix Energy Solutions Group is poised for continued success and market leadership.

Helix Energy Solutions Group reports resilient Q3 performance and growth outlook

Helix Energy Solutions Group delivered a strong financial performance in Q3 2024, supported by solid revenues and profitability, despite operational challenges.
The company's robotics business segment stood out with high utilization rates and a focus on renewable energy projects, showcasing strategic alignment with market trends.
While facing challenges from mobilizations and weather-related impacts, Helix Energy Solutions Group maintains a positive outlook for growth in 2024, backed by increased revenue and EBITDA guidance.

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Helix Energy Solutions reported strong Q2-2023 financial performance, beating revenue expectations and reporting 89.9% revenue growth YoY. The company expects improved performance in the future due to more vessels being out of maintenance and high demand for its services. The stock price has been on an uptrend, gaining 136% in the past year, and may continue to rise if positive financial performance continues.

Helix Energy Solutions Continues Uptrend After Strong Q2-2023 Results

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Helix Energy (HLX) is a Great Momentum Stock: Should You Buy?

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Helix Energy Solutions Group, Inc. (NYSE:HLX ) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET Company Participants Brent Arriaga - Chief Accounting Officer Ken Neikirk - General Counsel Owen Kratz - Chief Executive Officer Scotty Sparks - Chief Operating Officer Erik Staffeldt - Chief Financial Officer Conference Call Participants Greg Lewis – BTIG James Schumm - Cowen David Smith - Pickering Energy Operator Greetings, and welcome to the second quarter Helix Energy Solutions 2023 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode.

Helix Energy Solutions Group, Inc. (HLX) Q2 2023 Earnings Call Transcript

Helix Energy (HLX) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to loss of $0.20 per share a year ago.

Helix Energy (HLX) Q2 Earnings and Revenues Surpass Estimates

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported net income of $7.1 million, or $0.05 per diluted share, for the second quarter 2023 compared to a net loss of $5.2 million, or $(0.03) per diluted share, for the first quarter 2023 and a net loss of $29.7 million, or $(0.20) per diluted share, for the second quarter 2022. Helix reported adjusted EBITDA1 of $71.3 million for the second quarter 2023 compared to $35.1 million for the first quarter 2023 and.

Helix Reports Second Quarter 2023 Results

Helix Energy Solutions' Q1-2023 performance was weak due to seasonality, but the company expects stronger results for the rest of the year. The company's stock has seen a 225% uptrend over the last year, but typically experiences a downtrend in July after earnings release. Despite the weak Q1-2023 performance, Helix Energy Solutions has consistently shown net profits and free cash flow over the last two years.

Insight Into Helix Energy Solutions Upcoming Q2-2023 Report

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its second quarter 2023 results on Wednesday, July 26, 2023, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com. Helix will review its second quarter 2023 results on Thursday, July 27, 2023, at 9:00 a.m. Central Time via a live webcast and teleconference. The live webcast will be available on our websit.

Helix Announces Second Quarter 2023 Earnings Release Date and Conference Call Information

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today that it has entered into an amendment of its existing asset-based revolving credit facility (“ABL Facility”), under which among other changes the borrowing base and commitments of the lenders thereunder have been increased from $100 million to $120 million. Erik Staffeldt, Executive Vice President and Chief Financial Officer of Helix, stated, “We are pleased to announce the increase in our borrowi.

Helix Energy Solutions Announces Amendment to its ABL Facility

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Helix Energy Solutions Group, Inc. (HLX) Q1 2023 Earnings Call Transcript.

Helix Energy Solutions Group, Inc. (HLX) Q1 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported a net loss of $5.2 million, or $(0.03) per diluted share, for the first quarter 2023 compared to net income of $2.7 million, or $0.02 per diluted share, for the fourth quarter 2022 and a net loss of $42.0 million, or $(0.28) per diluted share, for the first quarter 2022. Helix reported adjusted EBITDA1 of $35.1 million for the first quarter 2023 compared to $49.2 million for the fourth quarter 2022 and $.

Helix Reports First Quarter 2023 Results

HLX has broadened its revenue stream by adding pipeline removal capabilities, shallow water marine surfaces, and surface well P&A and intervention. Its Q700 (well intervention vessel) has sufficient contracts until early 2025.

Helix Energy: Solid Utilization And Longer Duration Contracts Should Pivot Growth

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will participate in the Piper Sandler 23rd Annual Energy Conference in Las Vegas, Nevada at the Waldorf Astoria on Tuesday, March 21 and Wednesday, March 22, 2023. Any investor presentation provided during the conference will be publicly available and may be accessed on the “For the Investor” page of Helix's website, www.helixesg.com. About Helix Helix Energy Solutions Group, Inc.

Helix to Participate in Upcoming Event

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today that its 4.125% Convertible Senior Notes due 2023 (the “Notes”) are now convertible at the option of the holders, as provided in the indenture governing the Notes (the “Indenture”). This press release is made pursuant to a provision in the Indenture that requires publication of this notice of convertibility.

Helix Announces Its 4.125% Convertible Senior Notes Due 2023 Have Become Convertible

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Helix Energy Solutions Group, Inc. (NYSE:HLX ) Q4 2022 Earnings Conference Call February 21, 2023 10:00 AM ET Company Participants Brent Arriaga - CAO Kenneth Neikirk - General Counsel Owen Kratz - CEO Scott Sparks - COO Erik Staffeldt - CFO Conference Call Participants Sherif Elmaghrabi - BTIG James Schumm - Cowen Don Crist - Johnson Rice Samantha Hoh - Evercore ISI Operator Greetings and welcome to the Fourth Quarter Helix Energy Solutions 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded, Tuesday, February 21, 2023.

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