Helix Q3 net income $15.6M, revenue $395.7M, highest quarterly EBITDA since 2014

HELIX ENERGY SOLUTIONS GROUP INC

2023-Q3 EPS reported $0.11 revenue$954,571,000

Q3 net income $15.6M ($0.10/diluted) vs Q2 $7.1M and year-ago loss $18.8M; adjusted EBITDA $96.4M.
Revenue $395.7M, up 45% YoY; Well Intervention revenue +57% YoY on Q7000 full quarter and higher North Sea rates.
Shallow Water Abandonment revenue up 29% YoY; acquired five additional P&A systems in September.
Cash $168.4M; net debt $58.9M; repaid $30.4M convertible notes; share repurchases $1.9M in Q3.
CEO cites highest quarterly revenue and EBITDA since 2014; expects strong finish and improvements in 2024.

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 the third quarter 2023 results: revenue $395,670, net income $15.6 million, or $0.10 per diluted share, EPS $0.10 per diluted share.

Period: the third quarter 2023
Revenue: $395,670
Net income: $15.6 million, or $0.10 per diluted share
EPS: $0.10 per diluted share
Result: reported results

Exact text from the filing

share amounts, unaudited) Three Months Ended Nine Months Ended 9/30/2023 9/30/2022 6/30/2023 9/30/2023 9/30/2022 Revenues $ 395,670 $ 272,547 $ 308,817 $ 954,571 $ 585,284 Gross Profit $ 80,545 $ 39,215 $ 55,349 $ 151,078 $ 19,252 20 % 14 % 18 % 16 % 3 % Net Income (Loss) $ 15,560

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HELIX ENERGY SOLUTIONS GROUP INC reported the nine months ended September 30, 2023 results: net income net income of $17.5 million, or $0.11 per diluted share, EPS $0.11 per diluted share.

Period: the nine months ended September 30, 2023
Net income: net income of $17.5 million, or $0.11 per diluted share
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

Helix reported net income of $17.5 million, or $0.11 per diluted share for the nine months ended September 30, 2023

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Source: SEC EDGAR

accession 0000866829-23-000035

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