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) 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.
Helix Energy Solutions Group (NYSE: HLX) will announce its first quarter 2021 results on April 26, 2021, after market close. The results will be accompanied by a slide presentation available on Helix's website. A review of these results will take place on April 27, 2021, at 9:00 a.m. Central Time through a live webcast and teleconference. Interested participants can join the teleconference using the provided dial-in numbers, with a passcode available. A replay of the event will be accessible shortly after its conclusion.
Helix Energy Solutions Group (NYSE: HLX) has entered a new Agreement for Response Resources with HWCG LLC, effective April 1, 2021, for an initial two-year term. This agreement allows HWCG members to utilize the Helix Fast Response System to address well control incidents in the Gulf of Mexico. The Helix Fast Response System, developed from experiences during the Macondo incident, includes key vessels and equipment. HWCG will pay an annual retention fee, which can be offset by daily utilization of specific vessels. CEO Owen Kratz expressed confidence in the partnership's commitment to safety in offshore operations.
Helix Energy Solutions Group (NYSE: HLX) announced participation in three upcoming virtual events. These events include the Credit Suisse 26th Annual Energy Summit on March 2, 2021, the Raymond James & Associates 42nd Annual Institutional Investor Conference on March 3, 2021, and the Simmons Energy 21st Annual Energy Conference on March 23, 2021. Investors can access presentations made during these events on the company's website, www.HelixESG.com. Helix, based in Houston, Texas, provides services focused on well intervention and robotics for the offshore energy industry.
Helix Energy Solutions Group (NYSE: HLX) reported a net income of $4.2 million for Q4 2020, down from $8.1 million in Q4 2019 and $24.5 million in Q3 2020, translating to $0.03 per diluted share. Full-year net income also declined to $22.2 million from $57.9 million in 2019. Adjusted EBITDA for Q4 2020 was $35.3 million, while full-year Adjusted EBITDA was $155.3 million, down from $180.1 million in 2019. The company faced challenges due to the COVID-19 pandemic, impacting revenues and utilization rates in its Well Intervention and Robotics segments. Despite these challenges, they focused on cost reductions and expanding into renewables.
