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. (symbol: HLX) is a prominent offshore energy services company, with a rich history dating back to the 1960s. Founded by pioneering oilfield divers, the company has been instrumental in advancing the offshore industry. Today, Helix specializes in addressing complex offshore challenges with a fleet of superior vessels that operate in subsea fields across all major producing regions globally.
Helix is renowned for its diversified operations, which include the management of its own offshore oilfields and the laying of thousands of miles of pipelines in the Gulf of Mexico. The company also provides an extensive range of specialized work-class ROVs (Remotely Operated Vehicles), making it a preferred partner for other oil companies worldwide. Additionally, Helix is the leading contractor for live well intervention, a service that has positioned the company as the industry's foremost solution for containing potential subsea oil spills.
Helix’s business is categorized into four primary segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment.
- Well Intervention: This segment includes vessels and equipment used for well intervention services in the Gulf of Mexico, the North Sea, and Brazil. Helix’s expertise in this area is a vital component of its service offerings.
- Robotics: Helix’s robotics operations leverage advanced technology to provide critical support in subsea environments, enhancing operational efficiency and safety.
- Production Facilities: This segment focuses on the management and operation of offshore production facilities, contributing to the company’s robust revenue stream.
- Shallow Water Abandonment: Helix also handles the abandonment of shallow water operations, ensuring environmentally responsible decommissioning of offshore installations.
Helix derives the majority of its revenue from operations in the United States, particularly in the Gulf of Mexico. The company also has significant operations in Brazil, the North Sea, Asia Pacific, and West Africa, reinforcing its position as a global leader in offshore energy services.
The latest news from Helix Energy Solutions Group reflects the company’s ongoing commitment to innovation and operational excellence. Stay updated with Helix’s latest developments and performance metrics, which underscore its industry leadership and future growth potential.
Helix Energy Solutions Group, Inc. (NYSE: HLX) is set to release its first quarter 2023 results on April 24, 2023, after market close. The press release and slide presentation will be accessible on Helix's website. A live webcast reviewing the results will occur on April 25, 2023, at 9:00 a.m. Central Time, with details for teleconference participation provided. Helix specializes in offshore energy services, emphasizing well intervention, robotics, and decommissioning. The company positions itself to support the global energy transition while maximizing remaining oil and gas reserves.
Helix Energy Solutions Group (NYSE: HLX) announced its participation in the Piper Sandler 23rd Annual Energy Conference in Las Vegas, Nevada, scheduled for March 21-22, 2023. The conference will take place at the Waldorf Astoria, and Helix plans to make any investor presentations available on its For the Investor page. Based in Houston, Texas, Helix specializes in offshore energy services, focusing on well intervention, robotics, and decommissioning. The company aims to facilitate a global energy transition by maximizing oil and gas production while supporting renewable energy initiatives.
Helix Energy Solutions Group (NYSE: HLX) announced that its 4.125% Convertible Senior Notes due 2023 are now convertible by holders as of March 15, 2023, and will remain convertible until September 14, 2023. The press release details the conversion process, which involves providing necessary instructions to the Depository Trust Company or completing manual steps for certificated Notes. Upon conversion, holders can receive shares of common stock, cash, or a combination thereof, at Helix's discretion. The company specializes in offshore energy services, focusing on well intervention and decommissioning operations.
Helix Energy Solutions Group, Inc. (HLX) reported a net income of $2.7 million, or $0.02 per diluted share, for Q4 2022, reversing a loss of $18.8 million in Q3 2022. Yearly net loss increased to $87.8 million, with adjusted EBITDA reaching $121 million for 2022. Revenues for Q4 hit $287.8 million, significantly up from $168.7 million in Q4 2021. The CEO, Owen Kratz, emphasized strong performance despite seasonal slowdowns, attributing growth to improved market conditions and the successful acquisition of Alliance. A $200 million share repurchase program was authorized to enhance shareholder value.
Helix Energy Solutions Group (NYSE: HLX) announced a new share repurchase program authorizing up to $200 million of its outstanding shares. CEO Owen Kratz emphasized that this initiative represents a prudent use of capital and aims to enhance shareholder value while maintaining liquidity for operations and investments. The buyback will occur in open market transactions or other methods, without a mandatory commitment to acquire a specific amount. This program aligns with Helix's strong balance sheet and expectations for robust cash flow generation in the recovering offshore services market.
Helix Energy Solutions Group, Inc. (NYSE: HLX) will release its fourth quarter and full year 2022 financial results on February 20, 2023, after market close. A review of the results will take place on February 21, 2023, at 9:00 a.m. Central Time, via a live webcast and teleconference. Interested parties can access the webcast on Helix's investor page. Helix specializes in providing offshore energy services, focusing on well intervention and robotics operations, aimed at supporting global energy transition efforts.
Helix Energy Solutions Group (NYSE: HLX) has announced a one-year extension of its contract with Talos Energy (NYSE: TALO) for the Helix Producer I vessel in the Gulf of Mexico, extending the agreement until June 1, 2024. Talos has the option for annual extensions. Scotty Sparks, COO of Helix, emphasized the success and reliability of the Helix Producer I in supporting Talos' production needs. The Helix Producer I, operational since 2010, enhances production efficiency while navigating challenges like severe weather.
Helix Energy Solutions Group, Inc. (NYSE: HLX) will participate in the Bank of America Securities 2022 Global Energy Conference in Miami, Florida on November 16-17, 2022. Investors can access the presentation materials on Helix's website during the conference. Helix specializes in offshore energy services, focusing on well intervention and robotics operations. The company is committed to supporting the energy transition by enhancing oil and gas production, decommissioning old fields, and promoting renewable developments. For more info, visit www.helixesg.com.
Helix Energy Solutions Group (NYSE: HLX) announced a contract award for deepwater well decommissioning by Shell Brasil Petroleo Ltda in the Campos Basin, Brazil. The project is set to begin in early 2024, with a minimum contract period of 12 months and options for extension. The contract involves plug and abandonment services, utilizing the Q7000 vessel, equipped with advanced technology for subsea operations. Helix aims to support the energy transition with its specialized decommissioning services while continuing its partnership with Shell.
Helix Energy Solutions Group (NYSE: HLX) reported a net loss of $18.8 million, or $(0.12) per diluted share, for Q3 2022, a slight improvement from losses of $29.7 million in Q2 2022 and $19.0 million in Q3 2021. Adjusted EBITDA rose to $52.6 million in Q3 2022 from $16.8 million in Q2 2022. Despite a net loss of $90.5 million for the first nine months of 2022, revenue increased to $272.5 million. Key drivers included improved vessel utilization in Well Intervention and Robotics segments. However, unrealized foreign currency losses impacted results. Helix expects continued operational momentum into Q4 2022.
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