Helix Energy Solutions Grp Inc Stock Price, News & Analysis

Helix Energy Solutions Group, Inc. (NYSE: HLX) will release its third quarter 2022 results on October 24, 2022, after market close. A review of the results will take place on October 25, 2022, at 9:00 a.m. Central Time via live webcast and teleconference. Investors can access the webcast on Helix's website. The company specializes in offshore energy services, focusing on well intervention and robotics operations. For further details, visit www.HelixESG.com.

Helix Energy Solutions Group (NYSE: HLX) has secured a two-year extension of its well intervention contracts with Petrobras for the Siem Helix 2 vessel, set to conclude in December 2024. This extension follows the current contracts and underscores improving global and Brazilian market conditions. The Siem Helix 2 vessel, which has conducted over 60 well interventions for Petrobras, enhances production and supports Helix's Energy Transition model. The continued partnership emphasizes Helix's capacity for delivering innovative solutions, driven by an experienced team.

Helix Energy Solutions Group's subsidiary, Deepwater Abandonment Alternatives, has acquired a 62.5% interest in the Thunder Hawk Field from MP Gulf of Mexico, LLC. The transaction, effective November 1, 2021, involves minimal cash outlay as Helix assumes abandonment obligations. This acquisition aligns with Helix's Energy Transition model, allowing the company to capitalize on production revenues while managing decommissioning responsibilities. CEO Owen Kratz emphasized the acquisition's strategic significance in extending existing reserves and enhancing revenue opportunities.

Helix Energy Solutions Group, Inc. (NYSE: HLX) will participate in two significant events. The first is Barclays’ CEO Energy-Power Conference on September 7, 2022, in New York City at the Sheraton New York Times Square Hotel. The second is Pickering Energy Partners' Annual Energy Conference, TE&M Fest, on September 15, 2022, in Austin, Texas, at the Austin Marriott Downtown Hotel. Presentations will be made available on Helix's investor page at www.HelixESG.com.

Helix Energy Solutions Group (NYSE: HLX) reported a net loss of $29.7 million for Q2 2022, an improvement from $42.0 million in Q1 2022 but a decline from a $13.7 million loss in Q2 2021. Adjusted EBITDA rose to $16.8 million from $2.5 million in Q1 2022, though it decreased from $24.8 million in Q2 2021. Revenues were $162.6 million, slightly up from $161.9 million a year earlier. The company closed a $120 million acquisition of the Alliance group and expects stronger results in the second half of 2022 due to improved offshore market activity.

Helix Energy Solutions Group, Inc. (NYSE: HLX) will release its second quarter 2022 financial results on July 25, 2022, post-market. A live review is scheduled for July 26, 2022, at 9:00 a.m. Central Time, accessible via webcast and teleconference. Investors can join the teleconference by calling 1-800-786-6956 (US) or 1-212-231-2902 (international) with the passcode 'Staffeldt'. Both the press release and the accompanying presentation will be available on Helix’s website www.HelixESG.com.

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced the acquisition of Alliance group of companies, enhancing its decommissioning offerings in the Gulf of Mexico. This acquisition supports Helix's ESG initiatives and extends its capacity in both shelf and deepwater abandonment services. Additionally, Helix amended its asset-based revolving credit facility, increasing the line to $100 million and linking pricing to sustainability targets. CEO Owen Kratz emphasized the strategic importance of this acquisition for Helix's energy transition efforts.

Helix Energy Solutions Group (NYSE: HLX) has announced its acquisition of the Alliance group for $120 million in cash, aimed at enhancing its decommissioning services in the Gulf of Mexico. This strategic move aligns with Helix’s Energy Transition model, expanding its capabilities in offshore decommissioning and supporting ESG initiatives. The transaction is expected to yield annual EBITDA of $30-40 million, contributing positively to Helix's cash flow and diversifying its revenue streams.