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 (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.
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.
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