Helix Q4 net loss $28.3M on $37.3M debt repurchase loss; FY adj. EBITDA up 126% to $273M

HELIX ENERGY SOLUTIONS GROUP INC

2023-FY EPS reported -$0.07 revenue$1,289,728,000

Q4 2023 net loss $28.3M ($0.19 diluted EPS) vs Q3 net income $15.6M ($0.10); revenue $335.2M, down 15% sequentially.
Full year 2023 revenue $1.29B (+48% YoY); adjusted EBITDA $273.4M (vs $121.0M); net loss $10.8M (vs loss $87.8M).
Well Intervention rev +26% YoY to $210.7M; Robotics +30%; Shallow Water +8%; Production Facilities -31% (Thunder Hawk shut-in).
Repurchased $159.8M of 2026 Convertible Notes, incurring $37.3M pre-tax loss; issued $300M senior notes due 2029.
Cash $332.2M, Net Debt $29.5M; free cash flow $91.9M Q4, $133.8M FY.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HELIX ENERGY SOLUTIONS GROUP INC reported financial results for the fourth quarter and full year 2023.

Period: the fourth quarter and full year 2023
Result: reported results

Exact text from the filing

On February 26, 2024, Helix Energy Solutions Group, Inc. ("Helix") issued a press release reporting its financial results for the fourth quarter and full year 2023.

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HELIX ENERGY SOLUTIONS GROUP INC filing history →

Source: SEC EDGAR

accession 0000866829-24-000003

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