Helix Q4 net income $2.7M; full-year net loss $87.8M; board authorizes $200M buyback

HELIX ENERGY SOLUTIONS GROUP INC

2022-FY EPS reported -$0.58 revenue$873,100,000

Q4 2022 net income $2.7M ($0.02 diluted EPS) vs Q3 loss $18.8M and Q4 2021 loss $25.9M.
Full-year 2022 net loss $87.8M ($0.58 loss per share) vs 2021 loss $61.5M; revenue $873.1M.
Q4 adjusted EBITDA $49.2M; full-year adjusted EBITDA $121.0M; free cash flow $17.6M in 2022.
Board authorized $200M share repurchase program; management cites strong balance sheet and cash flow.
Well Intervention vessel utilization improved to 97% in Q4; Robotics revenue down 14% QoQ.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HELIX ENERGY SOLUTIONS GROUP INC reported fourth quarter 2022 results: revenue $287,816, net income $2.7 million, EPS $0.02 per diluted share.

Period: fourth quarter 2022
Revenue: $287,816
Net income: $2.7 million
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

per share amounts, unaudited) Three Months Ended Year Ended 12/31/2022 12/31/2021 9/30/2022 12/31/2022 12/31/2021 Revenues $ 287,816 $ 168,656 $ 272,547 $ 873,100 $ 674,728 Gross Profit (Loss) $ 31,364 $ (5,361) $ 39,215 $ 50,616 $ 15,393 11 % (3) % 14 % 6 % 2 % Net Income (Loss) 1 $

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HELIX ENERGY SOLUTIONS GROUP INC reported full year 2022 results: revenue $873,100, net income $87.8 million net loss, EPS $(0.58) per diluted share.

Period: full year 2022
Revenue: $873,100
Net income: $87.8 million net loss
EPS: $(0.58) per diluted share
Result: reported results

Exact text from the filing

Three Months Ended Year Ended 12/31/2022 12/31/2021 9/30/2022 12/31/2022 12/31/2021 Revenues $ 287,816 $ 168,656 $ 272,547 $ 873,100 $ 674,728 Gross Profit (Loss) $ 31,364 $ (5,361) $ 39,215 $ 50,616 $ 15,393 11 % (3) % 14 % 6 % 2 % Net Income (Loss) 1 $ 2,709 $ (25,908) $ (18,763) $

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Source: SEC EDGAR

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