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. (NYSE: HLX) is an international offshore energy services company headquartered in Houston, Texas, with a focus on well intervention, robotics and decommissioning operations. This news page aggregates company-issued updates and market announcements so readers can follow how Helix’s offshore activities and contracts evolve over time.
According to Helix’s press releases, the company regularly reports on quarterly financial results, segment performance across Well Intervention, Robotics, Shallow Water Abandonment and Production Facilities, and non-GAAP measures such as Adjusted EBITDA, Net Debt and Free Cash Flow. Earnings announcements are often accompanied by conference call details and slide presentations referenced in Form 8-K filings.
Helix also issues news about multi-year contracts and project awards. Recent releases describe riserless plug and abandonment work on subsea wells in the UK North Sea and production enhancement and well abandonment services in the U.S. Gulf of America, using Helix-owned vessels, subsea intervention systems, remotely operated vehicles and project management and engineering support. These updates illustrate the company’s role in maximizing production from existing fields and decommissioning end-of-life offshore assets.
In addition, Helix frequently announces participation in investor and industry conferences, where management presents the company’s outlook and segment activity. Leadership developments, such as the disclosed executive succession plan for the CEO role, are also communicated through news releases and corresponding SEC filings.
Investors, analysts and industry observers can use this HLX news page to review historical announcements on contracts, operations, financial performance and corporate governance, and to monitor how Helix positions its services within the broader offshore energy and energy transition landscape.
Helix Energy Solutions Group, Inc. (NYSE: HLX) will announce its third quarter 2021 results on October 20, 2021, after market close. A live review is scheduled for October 21, 2021, at 9:00 a.m. Central Time, accessible via webcast and teleconference. Participants can join the call at 1-800-785-8944 for U.S. callers or 1-212-231-2910 internationally using the passcode 'Staffeldt'. The results and presentation slides will be available on the official Helix website.
Helix Energy Solutions Group (NYSE: HLX) has secured an $80 million asset-based revolving credit facility to replace its existing credit facility and fully repay a term loan. The facility features a five-year term and offers $45 million for the U.S. and $35 million for the U.K. Initial borrowing is expected to be around $72 million, fluctuating between $30 million and $70 million based on seasonal activity. The financing will enhance Helix's ability to manage operations effectively during its post-capital expansion phase.
Helix Energy Solutions Group (NYSE: HLX) will participate virtually in the Barclays CEO Energy-Power Conference on September 8, 2021. Investors can access the presentation materials on Helix's website at www.HelixESG.com. Based in Houston, Texas, Helix specializes in offshore energy services, particularly in well intervention and robotics operations.
Helix Energy Solutions Group (NYSE: HLX) reported a net loss of $13.7 million, or $(0.09) per share, for Q2 2021, a decline from a net income of $5.5 million in Q2 2020. Revenue for the quarter was $161.9 million, down from $199.1 million year-over-year. Adjusted EBITDA fell to $24.8 million compared to $47.9 million in Q2 2020. For the first half of 2021, Helix reported a net loss of $16.6 million compared to a $6.5 million loss in the same period in 2020. Operating cash flows increased to $52.7 million, reflecting improvements in working capital despite ongoing market challenges.
Helix Energy Solutions Group, Inc. (NYSE: HLX) has appointed T. Mitch Little as a new director on its Board, effective immediately. With over 30 years in the petroleum industry, Mr. Little previously served as Executive Vice President – Operations at Marathon Oil Corporation, leading all operational activities until his retirement in December 2020. He brings significant leadership experience and industry knowledge to Helix. Little will serve as a Class I director, with his term expiring at the next Annual Meeting of Shareholders.
Helix Energy Solutions Group (NYSE: HLX) will announce its second quarter 2021 results on July 26, 2021, after market close. A live webcast and teleconference to discuss these results will occur on July 27, 2021, at 9:00 a.m. CT, accessible via Helix's website or by dialing into the teleconference. The company specializes in offshore energy services, focusing on well intervention and robotics. Further details can be found at www.HelixESG.com.
Helix Energy Solutions Group (NYSE: HLX) will participate virtually in the Tudor, Pickering, Holt & Co. Hotter 'N Hell Conference on June 10, 2021. Investors can access any presentation materials on the company's investor page at www.HelixESG.com. Headquartered in Houston, Texas, Helix provides specialized offshore energy services, focusing on well intervention and robotics operations. This participation underscores Helix's commitment to investor relations and transparency in the energy sector.
Helix Energy Solutions Group (NYSE: HLX) reported a net loss of $2.9 million for Q1 2021, an improvement from a $11.9 million loss in Q1 2020. Adjusted EBITDA rose to $36.2 million from $19.3 million year-over-year. Revenues decreased 10% to $163.4 million, with Well Intervention segment showing a 19% quarterly revenue increase due to improved vessel utilization. Robotics faced a significant 47% revenue decline quarter-over-quarter. Cash and equivalents stood at $204.8 million, and consolidated long-term debt decreased to $336 million. The company aims to de-lever its balance sheet while facing challenging market conditions.
Helix Energy Solutions Group (NYSE: HLX) will announce its first quarter 2021 results on April 26, 2021, after market close. The results will be accompanied by a slide presentation available on Helix's website. A review of these results will take place on April 27, 2021, at 9:00 a.m. Central Time through a live webcast and teleconference. Interested participants can join the teleconference using the provided dial-in numbers, with a passcode available. A replay of the event will be accessible shortly after its conclusion.
Helix Energy Solutions Group (NYSE: HLX) has entered a new Agreement for Response Resources with HWCG LLC, effective April 1, 2021, for an initial two-year term. This agreement allows HWCG members to utilize the Helix Fast Response System to address well control incidents in the Gulf of Mexico. The Helix Fast Response System, developed from experiences during the Macondo incident, includes key vessels and equipment. HWCG will pay an annual retention fee, which can be offset by daily utilization of specific vessels. CEO Owen Kratz expressed confidence in the partnership's commitment to safety in offshore operations.
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