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 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.
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.
