Welcome to our dedicated page for Helix Energy Solutions Group news (Ticker: HLX), a resource for investors and traders seeking the latest updates and insights on Helix Energy Solutions Group 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'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.
Summary not available.
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.
Helix Energy Solutions Group (NYSE: HLX) reported a net loss of $42.0 million, or $(0.28) per diluted share, for Q1 2022, a significant increase from a $2.9 million loss in Q1 2021. Adjusted EBITDA dropped to $2.5 million from $36.2 million a year ago. Revenues fell to $150.1 million, down 8% from Q4 2021 and 8% year-over-year. While Well Intervention revenues declined by 20% year-over-year due to lower rates and vessel downtime, Robotics showed a 69% increase compared to Q1 2021. Operational cash flow was $(17.4) million, a decline from prior periods.
Helix Energy Solutions Group (NYSE: HLX) will release its first quarter 2022 results on April 25, 2022, after market close. The results and presentation will be accessible via the company's website. A review of these results is scheduled for April 26, 2022, at 9:00 a.m. CT, through a live webcast and teleconference. Interested participants can dial in for the call. Helix specializes in offshore energy services, emphasizing well intervention and robotics operations.
Helix Energy Solutions Group, Inc. (NYSE: HLX) has secured a multi-year contract with Shell Offshore Inc. for Well Intervention services in the Gulf of Mexico, starting in March 2022. This three-year contract includes an expected utilization of 75 days per year, with options for more days. Helix will deploy either the Q4000 or Q5000 vessels, providing comprehensive services including well intervention, decommissioning, and subsea operations. The contract reflects Shell’s ongoing trust in Helix's efficient, cost-effective solutions.