Helix Energy Solutions Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 06:15 pm EDT
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Helix Energy Solutions Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 395.67 million compared to USD 272.55 million a year ago. Net income was USD 15.56 million compared to net loss of USD 18.76 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to diluted loss per share from continuing operations of USD 0.12 a year ago.
For the nine months, sales was USD 954.57 million compared to USD 585.28 million a year ago. Net income was USD 17.5 million compared to net loss of USD 90.49 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to diluted loss per share from continuing operations of USD 0.6 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.
HELIX ENERGY SOLUTIONS GROUP, INC. 
