earnings
confidence high
sentiment negative
materiality 0.70
Helix Q2 net loss $29.7M ($0.20/sh); revenue $162.6M; acquires Alliance for $120M cash
HELIX ENERGY SOLUTIONS GROUP INC
2022-Q2 EPS reported
-$0.47
revenue$312,737,000
- Net loss $29.7M, improved from Q1 loss of $42.0M but worse than Q2 2021 loss of $13.7M.
- Revenue $162.6M (+8% QoQ, roughly flat YoY); adjusted EBITDA $16.8M vs $2.5M in Q1.
- Robotics revenue up 33% QoQ and 57% YoY to $49.9M on higher vessel/ROV utilization.
- Well Intervention loss from ops narrowed to $22.5M from $31.8M in Q1; utilization 67%.
- Closed Alliance acquisition July 1 for ~$120M cash; issued first full-year 2022 guidance.