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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 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.
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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.
Helix Energy Solutions Group (NYSE: HLX) announced that Trident Energy do Brasil has extended its field decommissioning contract by 12 months. This project, located offshore Brazil in the Pampo and Enchova Clusters, is set to start in late 2022 and spans two years with options for further extensions. Helix will utilize either the Siem Helix 1 or Siem Helix 2 vessels, providing well intervention services along with Schlumberger. The contract extension reflects a positive trend in the market for well intervention services as noted by Helix's COO Scotty Sparks.
Helix Energy Solutions Group (NYSE: HLX) will participate in the Piper Sandler 22nd Annual Energy Conference on March 22, 2022, at the Waldorf Astoria in Las Vegas, Nevada. Interested investors can access any presentation materials on Helix's investor page. Helix, based in Houston, Texas, 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) reported a net loss of $25.9 million for Q4 2021, compared to a $19.0 million loss in Q3 2021 and a profit of $4.2 million in Q4 2020. Adjusted EBITDA was $8.8 million, down from $26.5 million in Q3 2021 and $35.3 million in Q4 2020. For the full year 2021, Helix posted a net loss of $61.5 million, a stark contrast to a net income of $22.2 million in 2020. Revenue for 2021 was $674.7 million, a decline from $733.6 million in 2020. Despite challenging conditions, the company achieved zero net debt and positive free cash flow of $132 million in 2021.