Welcome to our dedicated page for Helix Energy Solutions Grp news (Ticker: HLX), a resource for investors and traders seeking the latest updates and insights on Helix Energy Solutions Grp stock.
Helix Energy Solutions Group Inc. (HLX) delivers specialized offshore energy services through advanced well intervention and robotics operations. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic initiatives, and operational milestones.
Access authoritative coverage of HLX's activities across core service areas including subsea robotics deployments, well intervention projects, and offshore decommissioning operations. Our curated news collection features earnings announcements, partnership agreements, regulatory filings, and technology innovations directly from verified sources.
Key updates include developments in HLX's global operations across the Gulf of Mexico, North Sea, and West Africa. Track the company's progress in integrating robotic solutions with traditional offshore expertise to address complex energy challenges.
Bookmark this page for streamlined access to HLX's latest press releases and market-moving updates. Check back regularly for comprehensive coverage of this offshore energy services leader.
Helix Energy Solutions Group reported a net loss of $5.2 million or $(0.03) per diluted share for Q1 2023, reversing from a net income of $2.7 million in Q4 2022 and a loss of $42 million in Q1 2022. Adjusted EBITDA was $35.1 million, down from $49.2 million in Q4 2022, but significantly up from $2.5 million in Q1 2022. Revenues reached $250.1 million, an increase from $150.1 million year-over-year. Operating losses for Well Intervention totaled $8.1 million, while Robotics operations saw an increase in revenues by 32% year-over-year. Helix has projected improved performance with ongoing projects and a robust outlook for the remainder of 2023, including share repurchase programs to align with cash generation.
Helix Energy Solutions Group, Inc. (NYSE: HLX) is set to release its first quarter 2023 results on April 24, 2023, after market close. The press release and slide presentation will be accessible on Helix's website. A live webcast reviewing the results will occur on April 25, 2023, at 9:00 a.m. Central Time, with details for teleconference participation provided. Helix specializes in offshore energy services, emphasizing well intervention, robotics, and decommissioning. The company positions itself to support the global energy transition while maximizing remaining oil and gas reserves.
Helix Energy Solutions Group (NYSE: HLX) announced its participation in the Piper Sandler 23rd Annual Energy Conference in Las Vegas, Nevada, scheduled for March 21-22, 2023. The conference will take place at the Waldorf Astoria, and Helix plans to make any investor presentations available on its For the Investor page. Based in Houston, Texas, Helix specializes in offshore energy services, focusing on well intervention, robotics, and decommissioning. The company aims to facilitate a global energy transition by maximizing oil and gas production while supporting renewable energy initiatives.
Helix Energy Solutions Group (NYSE: HLX) announced that its 4.125% Convertible Senior Notes due 2023 are now convertible by holders as of March 15, 2023, and will remain convertible until September 14, 2023. The press release details the conversion process, which involves providing necessary instructions to the Depository Trust Company or completing manual steps for certificated Notes. Upon conversion, holders can receive shares of common stock, cash, or a combination thereof, at Helix's discretion. The company specializes in offshore energy services, focusing on well intervention and decommissioning operations.
Helix Energy Solutions Group, Inc. (HLX) reported a net income of $2.7 million, or $0.02 per diluted share, for Q4 2022, reversing a loss of $18.8 million in Q3 2022. Yearly net loss increased to $87.8 million, with adjusted EBITDA reaching $121 million for 2022. Revenues for Q4 hit $287.8 million, significantly up from $168.7 million in Q4 2021. The CEO, Owen Kratz, emphasized strong performance despite seasonal slowdowns, attributing growth to improved market conditions and the successful acquisition of Alliance. A $200 million share repurchase program was authorized to enhance shareholder value.
Helix Energy Solutions Group (NYSE: HLX) announced a new share repurchase program authorizing up to $200 million of its outstanding shares. CEO Owen Kratz emphasized that this initiative represents a prudent use of capital and aims to enhance shareholder value while maintaining liquidity for operations and investments. The buyback will occur in open market transactions or other methods, without a mandatory commitment to acquire a specific amount. This program aligns with Helix's strong balance sheet and expectations for robust cash flow generation in the recovering offshore services market.
Helix Energy Solutions Group, Inc. (NYSE: HLX) will release its fourth quarter and full year 2022 financial results on February 20, 2023, after market close. A review of the results will take place on February 21, 2023, at 9:00 a.m. Central Time, via a live webcast and teleconference. Interested parties can access the webcast on Helix's investor page. Helix specializes in providing offshore energy services, focusing on well intervention and robotics operations, aimed at supporting global energy transition efforts.
Helix Energy Solutions Group (NYSE: HLX) has announced a one-year extension of its contract with Talos Energy (NYSE: TALO) for the Helix Producer I vessel in the Gulf of Mexico, extending the agreement until June 1, 2024. Talos has the option for annual extensions. Scotty Sparks, COO of Helix, emphasized the success and reliability of the Helix Producer I in supporting Talos' production needs. The Helix Producer I, operational since 2010, enhances production efficiency while navigating challenges like severe weather.
Helix Energy Solutions Group, Inc. (NYSE: HLX) will participate in the Bank of America Securities 2022 Global Energy Conference in Miami, Florida on November 16-17, 2022. Investors can access the presentation materials on Helix's website during the conference. Helix specializes in offshore energy services, focusing on well intervention and robotics operations. The company is committed to supporting the energy transition by enhancing oil and gas production, decommissioning old fields, and promoting renewable developments. For more info, visit www.helixesg.com.
Helix Energy Solutions Group (NYSE: HLX) announced a contract award for deepwater well decommissioning by Shell Brasil Petroleo Ltda in the Campos Basin, Brazil. The project is set to begin in early 2024, with a minimum contract period of 12 months and options for extension. The contract involves plug and abandonment services, utilizing the Q7000 vessel, equipped with advanced technology for subsea operations. Helix aims to support the energy transition with its specialized decommissioning services while continuing its partnership with Shell.
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