Helix Energy Solutions Group is a leading offshore energy services company that provides a diverse range of services primarily to the oil and gas industry. The company specializes in well intervention, robotics, and environmental services, focusing on enhancing the efficiency and safety of offshore drilling and production operations. With a strong emphasis on innovation and technology, Helix utilizes advanced solutions to support clients in managing their assets and optimizing production while minimizing environmental impact. The company operates globally, collaborating with key industry players to deliver tailored services that address the complex challenges of offshore energy production.
Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported net income of $29.5 million, or $0.19 per diluted share, for the third quarter 2024 compared to net income of $32.3 million, or $0.21 per diluted share, for the second quarter 2024 and net income of $15.6 million, or $0.10 per diluted share, for the third quarter 2023. Helix reported adjusted EBITDA1 of $87.6 million for the third quarter 2024 compared to $96.9 million for the second quarter 2024 and $96.4 million for the third quarter 2023.
Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its third quarter 2024 results on Wednesday, October 23, 2024, after the close of business. The press release and associated presentation will be available on Helix's website, www.helixesg.com.
Helix has secured a new multi-year agreement with Shell Offshore, starting in 2025, to continue delivering well intervention services in the U.S. Gulf of Mexico.
Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce it has entered into a new multi-year contract with Shell Offshore Inc commencing in 2025 to continue providing well intervention services in the U.S. Gulf of Mexico. Under the contract, Helix will provide an increased minimum number of days annually with the Q5000 riser-based well intervention vessel, Intervention Riser Systems (IRSs), remotely operated vehicles (ROVs), and project management and engineering services to cover fully integrated operations from production enhancement to plug and abandonment well services. The operations also include equipment that is part of the Subsea Services Alliance, which combines the collective strengths and capabilities of Helix and SLB.
HOUSTON and LONDON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) announced Tuesday several changes to its leadership team, effective by Oct. 1. These changes are designed to continue delivering Baker Hughes’ successful strategy and executing for long-term growth, meeting customer needs in the rapidly evolving energy and industrial segments.
Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce new three-year vessel charter and service contracts with Petróleo Brasileiro S.A. (“Petrobras”) for the riser-based well intervention vessels Siem Helix 1 and Siem Helix 2 working offshore Brazil. The new three-year contracts are valued in aggregate at an estimated $786 million, in accordance with Petrobras’ estimated value. Each contract includes an additional three years of options. The contracts were entered into following a competitive tender process.
Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has amended its existing asset-based revolving credit facility (the “ABL Facility”) as of August 2, 2024. The amendment extends the term of the ABL Facility from September 30, 2026 to August 2, 2029 subject to earlier senior debt maturities, and increases the letter of credit basket size from $20 million to $55 million.
Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported net income of $32.3 million, or $0.21 per diluted share, for the second quarter 2024 compared to a net loss of $26.3 million, or $(0.17) per diluted share, for the first quarter 2024 and net income of $7.1 million, or $0.05 per diluted share, for the second quarter 2023. Net loss in the first quarter 2024 included a pre-tax loss of approximately $20.9 million, or $(0.14) per diluted share, related to the retirement of our Convertible Senior Notes due 2026. Helix reported adjusted EBITDA1 of $96.9 million for the second quarter 2024 compared to $47.0 million for the first quarter 2024 and $71.3 million for the second quarter 2023.
Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its second quarter 2024 results on Wednesday, July 24, 2024, after the close of business. The press release and associated presentation will be available on Helix's website, www.helixesg.com.
Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported a net loss of $26.3 million, or $(0.17) per diluted share, for the first quarter 2024 compared to a net loss of $28.3 million, or $(0.19) per diluted share, for the fourth quarter 2023 and a net loss of $5.2 million, or $(0.03) per diluted share, for the first quarter 2023. Net loss in the first quarter 2024 and the fourth quarter 2023 included pre-tax losses of approximately $20.9 million, or $(0.14) per diluted share, and approximately $37.3 million, or $(0.25) per diluted share, respectively, related to the retirement of our Convertible Senior Notes due 2026 (“2026 Notes”).
Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its first quarter 2024 results on Wednesday, April 24, 2024, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com.
Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) is pleased to announce a five-year joint framework agreement with Talos Energy Inc. (“Talos”) (NYSE: TALO) in which Talos has agreed to provide Helix the first right of refusal regarding specific annual work scopes for Talos’s decommissioning requirements in the U.S. Gulf of Mexico. The agreement includes a base pricing structure and processes for determining and scheduling specific projects Talos requires. Work is expected to commence in the second quarter of 2024.
Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported a net loss of $28.3 million, or $(0.19) per diluted share, for the fourth quarter 2023 compared to net income of $15.6 million, or $0.10 per diluted share, for the third quarter 2023 and net income of $2.7 million, or $0.02 per diluted share, for the fourth quarter 2022. Net loss in the fourth quarter 2023 includes a net pre-tax loss of approximately $37.3 million, or $(0.25) per diluted share, related to the repurchase of $159.8 million principal amount of our Convertible Senior Notes due 2026 (“2026 Notes”). Helix reported adjusted EBITDA1 of $70.6 million for the fourth quarter 2023 compared to $96.4 million for the third quarter 2023 and $49.2 million for the fourth quarter 2022.
