Helix Q4 net income $20.1M ($0.13); FY free cash flow highest in two decades at $163.2M

HELIX ENERGY SOLUTIONS GROUP INC

2024-FY EPS reported $0.36 revenue$1,358,560,000

Q4 2024 net income $20.1M ($0.13 diluted EPS) vs $29.5M ($0.19) in Q3 2024 and net loss of $28.3M in Q4 2023.
Full year 2024 net income $55.6M ($0.36 diluted EPS) vs net loss $10.8M in 2023; adjusted EBITDA $303.1M, highest since 2014.
Cash and equivalents $368.0M; consolidated debt $315.2M; negative net debt of $52.9M.
Free cash flow record $163.2M in 2024 (up 22% YoY); repurchased 2.9M shares for $29.6M.
Shallow Water Abandonment revenue fell 39% YoY to $37.7M; operating loss of $5.4M vs income $12.0M in Q4 2023.

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