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 (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.
Helix Energy Solutions Group (NYSE: HLX) has secured a field decommissioning contract from Trident Energy in Brazil's Campos Basin. The project is set to begin in late 2022 and will last for 12 months, with options for extension. Helix will deploy a riser-based well intervention vessel, providing project management and engineering services alongside plug and abandonment well services, in partnership with Schlumberger. This contract is aligned with Helix's strategy to diversify its client base and enhance its service offerings in the region.
Helix Energy Solutions Group, Inc. (NYSE: HLX) will release its fourth quarter and full year 2021 results on February 21, 2022, after business hours. A live webcast and teleconference to discuss the results will follow on February 22, 2022, at 9:00 a.m. Central Time. Interested participants can access the event through the company's website, with replay options available post-event. Helix, based in Houston, Texas, specializes in offshore energy services, focusing on well intervention and robotics operations.
Helix Energy Solutions Group (NYSE: HLX) has announced a one-year extension of its well intervention charter and services contracts with Petrobras for the Siem Helix 2 vessel. This extension, reducing the rate per the current market, allows the Siem Helix 2 to operate until mid-December 2022, offering various subsea services. Executive VP Scotty Sparks emphasized the company's successful history with Petrobras and its commitment to providing innovative solutions. The extension reflects Helix's adaptability in a changing market.
Helix Energy Solutions Group (NYSE: HLX) will participate virtually in the Capital One Securities 16th Annual Energy Conference on Monday, December 6, 2021. Investor presentations from the conference will be available on Helix's website under the 'For the Investor' section. Helix, headquartered in Houston, Texas, specializes in offshore energy services, focusing on well intervention and robotics operations. For more details, visit www.HelixESG.com.
Helix Energy Solutions Group (NYSE: HLX) has secured a 5-well complete abandonment project from New Zealand's Ministry of Business, Innovation & Employment. This contract, awarded after a competitive procurement process, marks Helix's first decommissioning project in New Zealand. Utilizing the Q7000 and the 10K Intervention Riser System (IRS), the project is set to mobilize by late 2022 and will take approximately 60 days, excluding mobilization. Helix continues to expand its operations in the Asia Pacific region, following a recent contract with Cooper Energy.
Helix Energy Solutions Group (NYSE: HLX) announced its participation in the Bank of America Securities 2021 Global Energy Conference, scheduled for November 17, 2021. This event will be held virtually, making it accessible to a wider audience. Investors interested in the presentation can find it on the For the Investor page of Helix's website at www.HelixESG.com. Helix specializes in offshore energy services, focusing on well intervention and robotics operations.
Helix Energy Solutions Group reported a net loss of $19 million, or $(0.13) per diluted share, for Q3 2021, compared to a loss of $13.7 million in Q2 2021. Adjusted EBITDA was $26.5 million, up from $24.8 million in Q2 2021, but down from $52.7 million in Q3 2020. For the nine months ending September 30, 2021, net loss was $35.6 million versus $18 million net income in 2020. Revenues from well intervention decreased by 1% QoQ, while robotics revenues increased by 35%. The company achieved zero net debt and entered into a new long-term revolving credit facility.