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. (HLX) delivers specialized offshore energy services through advanced well intervention and robotics operations. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic initiatives, and operational milestones.
Access authoritative coverage of HLX's activities across core service areas including subsea robotics deployments, well intervention projects, and offshore decommissioning operations. Our curated news collection features earnings announcements, partnership agreements, regulatory filings, and technology innovations directly from verified sources.
Key updates include developments in HLX's global operations across the Gulf of Mexico, North Sea, and West Africa. Track the company's progress in integrating robotic solutions with traditional offshore expertise to address complex energy challenges.
Bookmark this page for streamlined access to HLX's latest press releases and market-moving updates. Check back regularly for comprehensive coverage of this offshore energy services leader.
Helix Energy Solutions (NYSE: HLX) reported Q1 2025 net income of $3.1 million ($0.02 per share), down from Q4 2024's $20.1 million but improved from Q1 2024's loss of $26.3 million. Q1 2025 revenues were $278.1 million, with adjusted EBITDA of $52.0 million.
The company faced seasonal slowdown in the North Sea and Gulf of America shelf, along with planned regulatory dockings of several vessels. Well Intervention segment saw higher rates in Brazil but decreased utilization to 67%. Robotics segment experienced reduced vessel days and utilization, while Shallow Water Abandonment showed seasonal decline.
Market challenges include OPEC+ production increases, U.S. tariffs impact, and North Sea regulatory environment, leading to some operators pausing work. Despite these headwinds, management expects meaningful free cash flow in 2025, supported by a strong balance sheet with $370 million in cash and negative net debt of $58.9 million.
Helix Energy Solutions Group (NYSE: HLX) has scheduled its first quarter 2025 earnings release for Wednesday, April 23, 2025, after market close. The company will host a teleconference and webcast to discuss the results on Thursday, April 24, 2025, at 9:00 a.m. Central Time.
Participants can join via phone by dialing 1-888-596-4144 (US) or 1-646-968-2525 (international) using passcode 'Staffeldt'. A live webcast will be available in listen-only mode on Helix's website investor relations section, along with the earnings release and associated slide presentation.
Helix, headquartered in Houston, Texas, specializes in offshore energy services, focusing on well intervention, robotics, and decommissioning operations. The company supports global energy transition through maximizing existing oil and gas production, decommissioning end-of-life fields, and supporting renewable energy developments.
Helix Energy Solutions Group (NYSE: HLX) reported its fourth quarter and full year 2024 results. Net income for Q4 2024 was $20.1 million, or $0.13 per diluted share, down from $29.5 million, or $0.19 per share, in Q3 2024, but an improvement from a net loss of $28.3 million in Q4 2023. Adjusted EBITDA for Q4 2024 was $71.6 million, compared to $87.6 million in Q3 2024 and $70.6 million in Q4 2023. For the full year 2024, Helix reported net income of $55.6 million, or $0.36 per share, versus a net loss of $10.8 million in 2023. Full-year adjusted EBITDA was $303.1 million, up from $273.4 million in 2023.
Segment results showed varied performance: Well Intervention revenues increased by 30% QoQ and 11% YoY for Q4 2024. Robotics revenues decreased by 3% QoQ but increased by 30% YoY. Shallow Water Abandonment revenues fell by 47% QoQ and 39% YoY. Production Facilities revenues decreased by 11% QoQ and 5% YoY.
CEO Owen Kratz highlighted the company's highest EBITDA since 2014 and strong Free Cash Flow, despite a $58 million earnout payment. The company expects significant improvements in 2025, with strong contract coverage for its well intervention fleet. Helix also completed the retirement of its convertible notes and repurchased over $40 million in shares, with plans to increase repurchases in 2025.
Helix Energy Solutions Group (NYSE: HLX) has announced its participation in several major industry events throughout March 2025. The company will attend the Raymond James & Associates 46th Annual Institutional Investor Conference in Orlando (March 4), the Daniel Energy Partners THRIVE Energy Conference in Houston (March 6), the Piper Sandler 25th Annual Energy Conference in Las Vegas (March 18-19), the NYSE Energy & Utilities Virtual Investor Access Day (March 20), and the Pickering Energy Partners Gulf of America & Offshore Services Deep Dive Event in New Orleans (March 26).
Helix, headquartered in Houston, Texas, is an international offshore energy services company specializing in well intervention, robotics, and decommissioning operations. The company's services support global energy transition through maximizing existing oil and gas production, decommissioning end-of-life fields, and supporting renewable energy developments. Any investor presentations from these events will be accessible on Helix's website.
Helix Robotics Solutions, a division of Helix Energy Solutions Group (NYSE: HLX), has secured a significant contract from Seaway7 for cable burial services at Ørsted's Hornsea 3 Offshore Wind Farm. The project, located 120km off the UK's Norfolk coast, involves burying 192 inter-array cables spanning approximately 500 km.
The contract will span over 300 days, commencing in Q3 2026. Helix will deploy the Grand Canyon III trenching support vessel equipped with T1500 jet trencher, i-Trencher system, and remotely operated vehicle capabilities. The project will be managed from Helix's Aberdeen offices with engineering and survey support.
Helix Energy Solutions Group (NYSE: HLX) has scheduled its fourth quarter and full year 2024 earnings release for Monday, February 24, 2025, after market close. The company will host a conference call and webcast to discuss the results on Tuesday, February 25, 2025, at 9:00 a.m. Central Time.
Investors can participate by dialing 1-800-715-9871 (US) or 1-646-307-1963 (international) with passcode 'Staffeldt'. A live webcast will be available in listen-only mode on Helix's website investor relations section, along with the earnings release and presentation slides. A replay will be available on the website after the event.
Helix, based in Houston, Texas, provides offshore energy services focusing on well intervention, robotics, and full field decommissioning operations, supporting both traditional energy production and the global energy transition.
Helix Energy Solutions Group (NYSE: HLX) has announced its participation in two upcoming industry events. The company will attend the TD Securities Energy Conference in New York on November 19, 2024, at the Westin New York Grand Central, and the Capital One Securities Energy Conference in Houston on December 10, 2024, at the Hotel ZaZa Museum District.
Helix, headquartered in Houston, Texas, provides specialized offshore energy services focusing on well intervention, robotics, and decommissioning operations. The company supports global energy transition through maximizing existing oil and gas production, decommissioning end-of-life fields, and supporting renewable energy developments. Any investor presentations from these events will be accessible on Helix's website.
Helix Energy Solutions (NYSE: HLX) reported Q3 2024 net income of $29.5 million ($0.19 per share), compared to $32.3 million in Q2 2024 and $15.6 million in Q3 2023. Q3 2024 revenues were $342.4 million with adjusted EBITDA of $87.6 million. The company's Well Intervention segment saw decreased revenues due to vessel transit times, while Robotics showed improved performance with higher vessel and ROV activities. Shallow Water Abandonment was impacted by hurricane-related disruptions causing approximately $10 million in revenue loss. The company secured over $800 million in new well intervention contracts, strengthening its future backlog.
Helix Energy Solutions Group, Inc. (NYSE: HLX) has announced its schedule for releasing third quarter 2024 earnings. The company will issue a press release on Wednesday, October 23, 2024, after market close, followed by a teleconference and webcast on Thursday, October 24, 2024, at 9:00 a.m. Central Time. Investors can participate by dialing 1-800-715-9871 (US) or 1-646-307-1963 (international) with the passcode "Staffeldt". A live webcast will be available on Helix's website, with a replay accessible approximately three hours after the event.
Helix Energy Solutions Group, based in Houston, Texas, is an international offshore energy services company specializing in well intervention, robotics, and full field decommissioning operations. The company's services support the global energy transition by maximizing production from existing oil and gas reserves, decommissioning end-of-life fields, and supporting renewable energy developments.
Helix Energy Solutions Group (NYSE: HLX) has secured a new multi-year contract with Shell Offshore Inc for well intervention services in the U.S. Gulf of Mexico, starting in 2025. The agreement includes an increased minimum number of annual days for the Q5000 riser-based well intervention vessel, along with Intervention Riser Systems, ROVs, and comprehensive project management services.
This contract covers a range of operations from production enhancement to plug and abandonment well services. It also incorporates equipment from the Subsea Services Alliance, a collaboration between Helix and SLB. Helix's Executive VP and COO, Scotty Sparks, highlighted that this agreement reflects improving market conditions and increased demand for Helix's assets and services in the offshore energy industry.
