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.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q3 2023

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Earnings data Q3 2024

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 (HLX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Helix Energy (HLX) Upgraded to Buy: Here's What You Should Know

Helix Energy (HLX) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Helix Energy (HLX) Shows Fast-paced Momentum But Is Still a Bargain Stock

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce that it has entered into an extension of its well intervention charter and services contracts for the Siem Helix 2 offshore Brazil with Petróleo Brasileiro S.A. (Petrobras). The initial four-year contract for the Siem Helix 2 has been extended by one year at a reduced rate reflective of the current market. The Siem Helix 2 is now set to remain under contract with Petrobras until mid-December 2022 per

Helix Energy Solutions Extends Siem Helix 2 Contract with Petrobras

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX), an international offshore energy services company headquartered in Houston, Texas, has been awarded a 5-well complete abandonment project by New Zealand's Ministry of Business, Innovation & Employment (MBIE), to be performed by the Helix Q7000 and 10K Intervention Riser System (IRS). The contract with MBIE is the second recent award for Helix in the Asia Pacific region, following the award of Cooper Energy BMG wells a

Helix Energy Solutions Awarded 5-Well Complete Abandonment Contract Offshore New Zealand

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Helix Energy Solutions Group, Inc. (HLX) CEO Owen Kratz on Q3 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported a net loss1 of $19.0 million, or $(0.13) per diluted share, for the third quarter 2021 compared to a net loss of $13.7 million, or $(0.09) per diluted share, for the second quarter 2021 and net income of $24.5 million, or $0.16 per diluted share, for the third quarter 2020. Helix reported Adjusted EBITDA2 of $26.5 million for the third quarter 2021 compared to $24.8 million for the second quarter 2021 an

Helix Reports Third Quarter 2021 Results

Helix Energy (HLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Helix Energy (HLX) Might Surprise This Earnings Season

Helix Energy Solutions Gr (NYSE:HLX) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

Earnings Outlook For Helix Energy Solutions Gr

Helix Energy (HLX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Helix Energy (HLX) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its third quarter 2021 results on Wednesday, October 20, 2021, 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 third quarter 2021 results on Thursday, October 21, 2021, at 9:00 a.m. Central Time via a live webcast and teleconference. The live webcast will be available on Helix'

Helix Announces Third Quarter 2021 Earnings Release Date and Conference Call Information

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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has entered into a new $80 million asset-based revolving credit facility (the “ABL Facility”) with a syndicated banking group. The ABL Facility replaces Helix's existing credit facility and term loan, which was concurrently repaid in full. The key features of the ABL Facility include: $80 million revolving credit facility, subject to borrowing base availability Five-year term or 91 days pr

Helix Announces $80 Million Asset-Based Credit Facility

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Helix Energy Solutions Group, Inc. (HLX) CEO Owen Kratz on Q2 2021 Results - Earnings Call Transcript

The energy-services company reported earnings, and investors weren't pleased.

Why Helix Energy Solutions Stock Tanked 10% at the Open Today

Helix Energy (HLX) delivered earnings and revenue surprises of 0.00% and -3.49%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Helix Energy (HLX) Reports Q2 Loss, Lags Revenue Estimates

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported a net loss1 of $13.7 million, or $(0.09) per diluted share, for the second quarter 2021 compared to net income of $5.5 million, or $0.04 per diluted share, for the second quarter 2020 and a net loss of $2.9 million, or $(0.02) per diluted share, for the first quarter 2021. Helix reported Adjusted EBITDA2 of $24.8 million for the second quarter 2021 compared to $47.9 million for the second quarter 2020 an

Helix Reports Second Quarter 2021 Results

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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today that its Board of Directors has appointed T. Mitch Little as a new director. Mr. Little, 58, served as Executive Vice President – Operations for Marathon Oil Corporation (“Marathon”) (NYSE: MRO) from August 2016 until his retirement in December 2020, where he held full responsibility for all operations and development activities. Prior to such role Mr. Little served in a variety of roles of progre

Helix Appoints T. Mitch Little as New Director

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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its second quarter 2021 results on Monday, July 26, 2021, 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 2021 results on Tuesday, July 27, 2021, at 9:00 a.m. Central Time via a live webcast and teleconference. The live webcast will be available on our website un

Helix Announces Second Quarter 2021 Earnings Release Date and Conference Call Information

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Helix Energy Solutions' (HLX) CEO Owen Kratz on Q1 2021 Results - Earnings Call Transcript

News for Helix Energy Solutions Group Stock (HLX)