Helix Q1 net loss $5.2M, EPS -$0.03; revenue $250M, down 13% QoQ

HELIX ENERGY SOLUTIONS GROUP INC

2023-Q1 EPS reported -$0.03 revenue$250,084,000

Net loss $5.2M ($0.03 diluted EPS) versus net income $2.7M ($0.02) in Q4 2022.
Revenue $250M, down 13% from Q4 2022 ($288M); Well Intervention revenue dropped 15%.
Adjusted EBITDA $35.1M, down from $49.2M in Q4; free cash flow -$11.7M.
Repurchased $5M shares under new program; total liquidity $246.7M including $80M ABL.
Q7000 in transit to Asia Pacific; Q5000 undergoing inspections; outlook strong for rest of year.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HELIX ENERGY SOLUTIONS GROUP INC reported first quarter 2023 results: revenue $ 250,084, net income $5.2 million, EPS $(0.03) per diluted share.

Period: first quarter 2023
Revenue: $ 250,084
Net income: $5.2 million
EPS: $(0.03) per diluted share
Result: reported results

Exact text from the filing

Summary of Results ($ in thousands, except per share amounts, unaudited) Three Months Ended 3/31/2023 3/31/2022 12/31/2022 Revenues $ 250,084 $ 150,125 $ 287,816 Gross Profit (Loss) $ 15,184 $ (18,609) $ 31,364 6 % (12) % 11 % Net Income (Loss) $ (5,165) $ (42,031) $ 2,709 Diluted Earnings

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Source: SEC EDGAR

accession 0000866829-23-000014

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