Helix Q1 2024 net loss $26.3M ($0.17/diluted); revenue $296.2M, up 18% YoY

HELIX ENERGY SOLUTIONS GROUP INC

2024-Q1 EPS reported -$0.17 revenue$296,211,000

Revenue $296.2M (+18% YoY); adjusted EBITDA $47.0M vs $35.1M a year ago.
Well Intervention revenue $216.5M (+52% YoY) on Q7000/Seawell; Shallow Water Abandonment down 46% YoY.
Retired remaining $40.2M principal of 2026 Notes for ~$60.5M cash; net debt turned to ($5.7M).
Free cash flow $61.2M vs ($11.7M) a year ago; share repurchases of $5.0M in Q1.
Production Facilities resumed Thunder Hawk output; workover costs of $8.6M weighed on segment.

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 2024 results: revenue $296,211, net income a net loss of $26.3 million, or $(0.17) per diluted share, EPS $(0.17) per diluted share.

Period: first quarter 2024
Revenue: $296,211
Net income: a net loss of $26.3 million, or $(0.17) per diluted share
EPS: $(0.17) per diluted share
Result: reported results

Exact text from the filing

Summary of Results ($ in thousands, except per share amounts, unaudited) Three Months Ended 3/31/2024 3/31/2023 12/31/2023 Revenues $ 296,211 $ 250,084 $ 335,157 Gross Profit $ 19,554 $ 15,184 $ 49,278 7 % 6 % 15 % Net Loss $ (26,287) $ (5,165) $ (28,333) Basic Loss Per Share $ (0.17) $

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Source: SEC EDGAR

accession 0000866829-24-000016

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