Helix Q3 net loss narrows to $18.8M; revenue up 51% YoY to $272.5M

HELIX ENERGY SOLUTIONS GROUP INC

2022-Q3 EPS reported -$0.60 revenue$585,284,000

Net loss of $18.8M ($0.12/share) improved from $29.7M in Q2 and $19.0M in Q3 2021; revenue $272.5M (+51% YoY, +68% QoQ).
Adjusted EBITDA $52.6M vs $16.8M in Q2 and $26.5M in Q3 2021; operating cash flow $24.7M.
Well Intervention utilization 87% (vs 67% Q2); new Shallow Water Abandonment segment from Alliance acquisition added $67.4M revenue and $16.3M operating income.
Net debt $98.8M; total liquidity $244.1M; cash $162.3M; ABL facility increased to $100M.

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