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. reports developments as an international offshore energy services company focused on well intervention, robotics and decommissioning operations. Its service base includes deepwater work in the Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa, along with shallow water abandonment and production facilities activities.
Recurring news for HLX centers on quarterly and annual operating results, segment performance, vessel-supported well intervention activity, robotics services, decommissioning demand and capital or governance updates. Company announcements also cover earnings calls, conference presentations and material agreements tied to subsea well intervention systems and offshore service capacity.
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.
Helix Energy Solutions Group (NYSE: HLX) reported a net loss of $18.8 million, or $(0.12) per diluted share, for Q3 2022, a slight improvement from losses of $29.7 million in Q2 2022 and $19.0 million in Q3 2021. Adjusted EBITDA rose to $52.6 million in Q3 2022 from $16.8 million in Q2 2022. Despite a net loss of $90.5 million for the first nine months of 2022, revenue increased to $272.5 million. Key drivers included improved vessel utilization in Well Intervention and Robotics segments. However, unrealized foreign currency losses impacted results. Helix expects continued operational momentum into Q4 2022.
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.