Helix Energy Solutions Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 26, 2024
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Helix Energy Solutions Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 335.16 million compared to USD 287.82 million a year ago. Net loss was USD 28.33 million compared to net income of USD 2.71 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the full year, sales was USD 1,289.73 million compared to USD 873.1 million a year ago. Net loss was USD 10.84 million compared to USD 87.78 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.58 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.58 a year ago.
Helix Energy Solutions Group, Inc. is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and full-field decommissioning operations. Its segments include Well Intervention, Robotics, Shallow Water Abandonment and Production Facilities. Well Intervention segment provides services that enable its customers to access subsea offshore wells for the purpose of performing production enhancement or decommissioning operations. Robotics segment provides trenching, seabed clearance, offshore construction and inspection, repair and maintenance services to both the offshore oil and gas and renewable energy markets globally. Shallow Water Abandonment segment provides services in support of the upstream and midstream sectors on the Gulf of Mexico shelf. Production Facilities segment includes the Helix Producer I, the Helix Fast Response System and its ownership of mature oil and gas properties.