Articles from Helix Energy Solutions Group, Inc.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its fourth quarter and full year 2024 results on Monday, February 24, 2025, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate in the following upcoming events:

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported net income of $29.5 million, or $0.19 per diluted share, for the third quarter 2024 compared to net income of $32.3 million, or $0.21 per diluted share, for the second quarter 2024 and net income of $15.6 million, or $0.10 per diluted share, for the third quarter 2023. Helix reported adjusted EBITDA1 of $87.6 million for the third quarter 2024 compared to $96.9 million for the second quarter 2024 and $96.4 million for the third quarter 2023.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its third quarter 2024 results on Wednesday, October 23, 2024, after the close of business. The press release and associated presentation will be available on Helix's website, www.helixesg.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) is pleased to announce it has entered into a new multi-year contract with Shell Offshore Inc commencing in 2025 to continue providing well intervention services in the U.S. Gulf of Mexico. Under the contract, Helix will provide an increased minimum number of days annually with the Q5000 riser-based well intervention vessel, Intervention Riser Systems (IRSs), remotely operated vehicles (ROVs), and project management and engineering services to cover fully integrated operations from production enhancement to plug and abandonment well services. The operations also include equipment that is part of the Subsea Services Alliance, which combines the collective strengths and capabilities of Helix and SLB.

Helix Energy Solutions Group, Inc. (NYSEHLX) is pleased to announce new three-year vessel charter and service contracts with Petróleo Brasileiro S.A. (“Petrobras”) for the riser-based well intervention vessels Siem Helix 1 and Siem Helix 2 working offshore Brazil. The new three-year contracts are valued in aggregate at an estimated $786 million, in accordance with Petrobras’ estimated value. Each contract includes an additional three years of options. The contracts were entered into following a competitive tender process.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate in the following upcoming events:

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) announced today that it has amended its existing asset-based revolving credit facility (the “ABL Facility”) as of August 2, 2024. The amendment extends the term of the ABL Facility from September 30, 2026 to August 2, 2029 subject to earlier senior debt maturities, and increases the letter of credit basket size from $20 million to $55 million.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported net income of $32.3 million, or $0.21 per diluted share, for the second quarter 2024 compared to a net loss of $26.3 million, or $(0.17) per diluted share, for the first quarter 2024 and net income of $7.1 million, or $0.05 per diluted share, for the second quarter 2023. Net loss in the first quarter 2024 included a pre-tax loss of approximately $20.9 million, or $(0.14) per diluted share, related to the retirement of our Convertible Senior Notes due 2026. Helix reported adjusted EBITDA1 of $96.9 million for the second quarter 2024 compared to $47.0 million for the first quarter 2024 and $71.3 million for the second quarter 2023.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its second quarter 2024 results on Wednesday, July 24, 2024, after the close of business. The press release and associated presentation will be available on Helix's website, www.helixesg.com.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss of $26.3 million, or $(0.17) per diluted share, for the first quarter 2024 compared to a net loss of $28.3 million, or $(0.19) per diluted share, for the fourth quarter 2023 and a net loss of $5.2 million, or $(0.03) per diluted share, for the first quarter 2023. Net loss in the first quarter 2024 and the fourth quarter 2023 included pre-tax losses of approximately $20.9 million, or $(0.14) per diluted share, and approximately $37.3 million, or $(0.25) per diluted share, respectively, related to the retirement of our Convertible Senior Notes due 2026 (“2026 Notes”).

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its first quarter 2024 results on Wednesday, April 24, 2024, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate in the following upcoming events:

Helix Energy Solutions Group, Inc. (“Helix”) (NYSEHLX) is pleased to announce a five-year joint framework agreement with Talos Energy Inc. (“Talos”) NYSE: TALONYSETALO)

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss of $28.3 million, or $(0.19) per diluted share, for the fourth quarter 2023 compared to net income of $15.6 million, or $0.10 per diluted share, for the third quarter 2023 and net income of $2.7 million, or $0.02 per diluted share, for the fourth quarter 2022. Net loss in the fourth quarter 2023 includes a net pre-tax loss of approximately $37.3 million, or $(0.25) per diluted share, related to the repurchase of $159.8 million principal amount of our Convertible Senior Notes due 2026 (“2026 Notes”). Helix reported adjusted EBITDA1 of $70.6 million for the fourth quarter 2023 compared to $96.4 million for the third quarter 2023 and $49.2 million for the fourth quarter 2022.

Helix Energy Solutions Group, Inc. (NYSEHLX) is pleased to announce a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Deepwater) Ltd. (“Esso”). The project, located offshore Nigeria in the Erha and Usan fields, is expected to commence in September 2024 with the vessel expected to be in Nigeria into 2025. The fields are located approximately 97km offshore of Nigeria in water depths ranging from 700m to 1,500m.

Helix Energy Solutions Group, Inc. (NYSEHLX) is pleased to announce the extension of its decommissioning contract with Trident Energy do Brasil Ltda. The contract extension is for an additional 12 months and in direct continuation of the current contract. The extension is expected to begin in the fourth quarter of 2024 at rates in line with the improved well intervention market. The original contract commenced late 2022 offshore Brazil in the Campos Basin and utilizes the Siem Helix 1 riser-based well intervention vessel and a 10K Intervention Riser System. Helix is providing fully integrated plug and abandonment well services through its Subsea Services Alliance partner SLB as well as project management and engineering services.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its fourth quarter and full year 2023 results on Monday, February 26, 2024, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it has delivered a notice to the trustee for its 6.75% Convertible Senior Notes due 2026 (the “Notes”) under which it has called all of the outstanding Notes for redemption on March 20, 2024 (the “Redemption Date”). The redemption price for the Notes is equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date, plus the applicable make-whole premium. As of January 16, 2024, the aggregate principal amount of the Notes outstanding is $39,983,000.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that its 6.75% Convertible Senior Notes due 2026 (the “Notes”) will remain convertible at the option of the holders from January 1, 2024 through March 31, 2024, as provided in the indenture governing the Notes (as supplemented, the “Indenture”).

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today it has priced $300 million in principal amount of 9.750% Senior Notes due 2029 (the “Notes”). Helix intends to use the net proceeds from the offering, together with cash on hand and shares of its common stock, as necessary, to pay the cost of extinguishing its obligations with respect to its outstanding 6.75% Convertible Senior Notes due 2026 (the “2026 Convertible Notes”), which may include privately negotiated transactions and payments in settlement of redemptions or conversion of such 2026 Convertible Notes. Helix intends to use the remainder of the net proceeds from the offering, if any, for general corporate purposes, which may include repayment of other indebtedness. Helix reserves the right to settle and extinguish the 2026 Convertible Notes in cash, shares of its common stock, or any combination thereof. Helix expects to close the offering of the Notes on or about December 1, 2023, subject to the satisfaction of customary closing conditions.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today its intention, subject to market and other conditions, to offer $300 million principal amount of Senior Notes due 2029 (the “Notes”). Helix intends to use the net proceeds from the offering, together with cash on hand and shares of its common stock, as necessary, to pay the cost of extinguishing its obligations with respect to its outstanding 6.75% Convertible Senior Notes due 2026 (the “2026 Convertible Notes”), which may include privately negotiated transactions, and payments in settlement of redemptions or conversions of such 2026 Convertible Notes. Helix intends to use the remainder of the net proceeds from the offering, if any, for general corporate purposes, which may include repayment of other indebtedness. Helix reserves the right to settle and extinguish the 2026 Convertible Notes in cash, shares of its common stock, or any combination thereof.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported net income of $15.6 million, or $0.10 per diluted share, for the third quarter 2023 compared to $7.1 million, or $0.05 per diluted share, for the second quarter 2023 and a net loss of $18.8 million, or $(0.12) per diluted share, for the third quarter 2022. Helix reported adjusted EBITDA1 of $96.4 million for the third quarter 2023 compared to $71.3 million for the second quarter 2023 and $52.6 million for the third quarter 2022.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its third quarter 2023 results on Monday, October 23, 2023, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that its 6.75% Convertible Senior Notes due 2026 (the “Notes”) will become convertible at the option of the holders from October 1, 2023 through December 31, 2023, as provided in the indenture governing the Notes (as supplemented, the “Indenture”).

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate in the following upcoming events:

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported net income of $7.1 million, or $0.05 per diluted share, for the second quarter 2023 compared to a net loss of $5.2 million, or $(0.03) per diluted share, for the first quarter 2023 and a net loss of $29.7 million, or $(0.20) per diluted share, for the second quarter 2022. Helix reported adjusted EBITDA1 of $71.3 million for the second quarter 2023 compared to $35.1 million for the first quarter 2023 and $16.8 million for the second quarter 2022.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its second quarter 2023 results on Wednesday, July 26, 2023, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com.

Helix Energy Solutions Group, Inc. (“Helix”) (NYSEHLX) announced today that it has entered into an amendment of its existing asset-based revolving credit facility (“ABL Facility”), under which among other changes the borrowing base and commitments of the lenders thereunder have been increased from $100 million to $120 million.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss of $5.2 million, or $(0.03) per diluted share, for the first quarter 2023 compared to net income of $2.7 million, or $0.02 per diluted share, for the fourth quarter 2022 and a net loss of $42.0 million, or $(0.28) per diluted share, for the first quarter 2022.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its first quarter 2023 results on Monday, April 24, 2023, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate in the Piper Sandler 23rd Annual Energy Conference in Las Vegas, Nevada at the Waldorf Astoria on Tuesday, March 21 and Wednesday, March 22, 2023.

Helix Energy Solutions Group, Inc. (“Helix”) (NYSEHLX) announced today that its 4.125% Convertible Senior Notes due 2023 (the “Notes”) are now convertible at the option of the holders, as provided in the indenture governing the Notes (the “Indenture”).

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported net income1 of $2.7 million, or $0.02 per diluted share, for the fourth quarter 2022 compared to net losses of $18.8 million, or $(0.12) per diluted share, for the third quarter 2022 and $25.9 million, or $(0.17) per diluted share, for the fourth quarter 2021. Helix reported adjusted EBITDA2 of $49.2 million for the fourth quarter 2022 compared to $52.6 million for the third quarter 2022 and $8.8 million for the fourth quarter 2021.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) announced today that its Board of Directors has authorized a repurchase program for up to $200 million of Helix’s issued and outstanding shares.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its fourth quarter and full year 2022 results on Monday, February 20, 2023, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate in the Capital One Securities 17th Annual Energy Conference in Houston, Texas at the Hotel ZaZa Museum District on Tuesday December 6, 2022.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that an affiliate of Talos Energy Inc. (“Talos”) NYSE:TALONYSETALO)

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate in the Bank of America Securities 2022 Global Energy Conference in Miami, Florida at the 1 Hotel South Beach on Wednesday November 16, 2022, and Thursday November 17, 2022.

Helix Energy Solutions Group, Inc. (NYSEHLX) is pleased to announce a deepwater well decommissioning contract award by Shell Brasil Petroleo Ltda. (Shell Brasil). The project, located offshore Brazil in the Campos Basin, is expected to commence early 2024 for a minimum firm period of 12 months, plus customer options to extend.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss1 of $18.8 million, or $(0.12) per diluted share, for the third quarter 2022 compared to net losses of $29.7 million, or $(0.20) per diluted share, for the second quarter 2022 and $19.0 million, or $(0.13) per diluted share, for the third quarter 2021. Helix reported adjusted EBITDA2 of $52.6 million for the third quarter 2022 compared to $16.8 million for the second quarter 2022 and $26.5 million for the third quarter 2021.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its third quarter 2022 results on Monday, October 24, 2022, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.

Helix Energy Solutions Group, Inc. (“Helix”) (NYSEHLX) announced today that its Board of Directors (the “Board”) has appointed Diana Glassman and Paula Harris as new directors.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it has entered into a two-year extension of its well intervention charter and services contracts with Petróleo Brasileiro S.A. (“Petrobras”) for the Siem Helix 2 well intervention vessel offshore Brazil. The negotiated extension is scheduled to conclude in December 2024 and directly follows Helix’s current contracts with Petrobras.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that its wholly owned subsidiary Deepwater Abandonment Alternatives, Inc. (“DAA”) has acquired from MP Gulf of Mexico, LLC (“MP GOM”), a joint venture controlled by Murphy Exploration & Production Company – USA, all of MP GOM’s 62.5% interest in Mississippi Canyon Block 734, comprised of three wells and related subsea infrastructure, collectively known as the Thunder Hawk Field. Pursuant to the terms of the transaction, Helix receives the benefit of ownership of MP GOM’s interest, with a November 1, 2021 effective date purchase price adjustment resulting in nominal cash paid by MP GOM at closing, in exchange for the assumption of MP GOM’s abandonment obligations at the Thunder Hawk Field. In addition to anticipated future production revenue, DAA will operate the Thunder Hawk Field with Helix eventually expected to perform the required plug and abandonment operations.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate in the upcoming following events:

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss1 of $29.7 million, or $(0.20) per diluted share, for the second quarter 2022 compared to $42.0 million, or $(0.28) per diluted share, for the first quarter 2022 and $13.7 million, or $(0.09) per diluted share, for the second quarter 2021. Helix reported adjusted EBITDA2 of $16.8 million for the second quarter 2022 compared to $2.5 million for the first quarter 2022 and $24.8 million for the second quarter 2021.

In the press release issued July 15, 2022, at 3:15 pm Central Time the teleconference number for the participants in the United States was incorrect.

Helix Energy Solutions Group, Inc. (“Helix”) (NYSEHLX) announced today its successful completion of the previously announced acquisition of all of the equity interests of the Alliance group of companies (collectively “Alliance”), expanding its decommissioning presence in the Gulf of Mexico shelf and advancing Helix’s environmental, social and governance (“ESG”) initiatives by responsibly supporting end-of-life requirements of oil and gas projects.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) announced today that it has entered into a definitive agreement to acquire 100% of the equity interests of the Alliance group of companies ‎‎(collectively “Alliance”) for $120 million cash at closing, plus the potential for post-closing earnout consideration.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss1 of $42.0 million, or $(0.28) per diluted share, for the first quarter 2022 compared to $25.9 million, or $(0.17) per diluted share, for the fourth quarter 2021 and $2.9 million, or $(0.02) per diluted share, for the first quarter 2021.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its first quarter 2022 results on Monday, April 25, 2022, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) a leading provider of offshore energy services, is pleased to announce it has entered into a new multi-year contract with Shell Offshore Inc. to provide Well Intervention services in the U.S. Gulf of Mexico. Commencing in March 2022, the three-year contract includes an anticipated 75 days utilization per year with the option to add additional utilization days.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that Trident Energy do Brasil Ltda. (Trident Energy) has exercised their option to extend the field decommissioning contract previously awarded by an additional 12 months. The project, located offshore Brazil in the Pampo and Enchova Clusters in the Campos Basin, is expected to commence in late 2022 for a period of two years with multiple options to extend.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss1 of $25.9 million, or $(0.17) per diluted share, for the fourth quarter 2021 compared to $19.0 million, or $(0.13) per diluted share, for the third quarter 2021 and net income of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020. Adjusted EBITDA2 was $8.8 million for the fourth quarter 2021 compared to $26.5 million for the third quarter 2021 and $35.3 million for the fourth quarter 2020.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it has been awarded a field decommissioning contract by Trident Energy do Brasil Ltda. (Trident Energy). The project, located offshore Brazil in the Pampo and Enchova Clusters in the Campos Basin, is expected to commence in late 2022 for a firm period of 12 months with multiple customer options to extend.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its fourth quarter and full year 2021 results on Monday, February 21, 2022, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) is pleased to announce that it has entered into an extension of its well intervention charter and services contracts for the Siem Helix 2 offshore Brazil with Petróleo Brasileiro S.A. (Petrobras).

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate virtually in the Capital One Securities 16th Annual Energy Conference on Monday December 6, 2021.

Helix Energy Solutions Group, Inc. (NYSEHLX), an international offshore energy services company headquartered in Houston, Texas, has been awarded a 5-well complete abandonment project by New Zealand’s Ministry of Business, Innovation & Employment (MBIE), to be performed by the Helix Q7000 and 10K Intervention Riser System (IRS). The contract with MBIE is the second recent award for Helix in the Asia Pacific region, following the award of Cooper Energy BMG wells abandonment in Australia’s Bass Strait.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate virtually in the Bank of America Securities 2021 Global Energy Conference on Wednesday, November 17, 2021.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss1 of $19.0 million, or $(0.13) per diluted share, for the third quarter 2021 compared to a net loss of $13.7 million, or $(0.09) per diluted share, for the second quarter 2021 and net income of $24.5 million, or $0.16 per diluted share, for the third quarter 2020. Helix reported Adjusted EBITDA2 of $26.5 million for the third quarter 2021 compared to $24.8 million for the second quarter 2021 and $52.7 million for the third quarter 2020.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its third quarter 2021 results on Wednesday, October 20, 2021, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) announced today that it has entered into a new $80 million asset-based revolving credit facility (the “ABL Facility”) with a syndicated banking group. The ABL Facility replaces Helix's existing credit facility and term loan, which was concurrently repaid in full.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate virtually in the Barclays CEO Energy-Power Conference on Wednesday September 8, 2021.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss1 of $13.7 million, or $(0.09) per diluted share, for the second quarter 2021 compared to net income of $5.5 million, or $0.04 per diluted share, for the second quarter 2020 and a net loss of $2.9 million, or $(0.02) per diluted share, for the first quarter 2021. Helix reported Adjusted EBITDA2 of $24.8 million for the second quarter 2021 compared to $47.9 million for the second quarter 2020 and $36.2 million for the first quarter 2021.

Helix Energy Solutions Group, Inc. (“Helix”) (NYSEHLX) announced today that its Board of Directors has appointed T. Mitch Little as a new director.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its second quarter 2021 results on Monday, July 26, 2021, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.

Helix Energy Solutions Group, Inc. (NYSEHLX) announced today that it will participate virtually in the Tudor, Pickering, Holt & Co. Hotter 'N Hell Conference on Thursday, June 10, 2021.

Helix Energy Solutions Group, Inc. ("Helix") (NYSEHLX) reported a net loss of $2.9 million, or $(0.02) per diluted share, for the first quarter 2021 compared to a net loss of $11.9 million, or $(0.09) per diluted share, for the same period in 2020 and net income of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020.

Helix Energy Solutions Group, Inc. (NYSEHLX) will issue a press release reporting its first quarter 2021 results on Monday, April 26, 2021, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.