Helix Energy Solutions Group Inc
NYSE:HLX

  • LAST PRICE
    11.5600
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    10.6500/ 5
  • Ask / Lots
    11.8000/ 2
  • Open / Previous Close
    0.0000 / 11.5600
  • Day Range
    ---
  • 52 Week Range
    6.1850
    12.1400
  • Volume
    ---

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  • Apr 24, 2024

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    • 6:05PM ET on Wednesday Apr 24, 2024 by Business Wire
      Companies Mentioned: HLX

      Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) 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").

    • 6:05PM ET on Wednesday Apr 24, 2024 by Dow Jones
      Companies Mentioned: HLX
      Accrued liabilities 163,797 203,112 Current maturities of long-term debt 8,965 48,292 Current operating lease liabilities 54,892 62,662 --- ----------- ---------- Total Current Liabilities 348,029 448,618 Long-term debt 309,199 313,430 Operating lease liabilities 314,351 116,185 Deferred tax liabilities 109,981 110,555 Other non-current liabilities 65,432 66,248 Shareholders' equity 1,466,822 1,501,000 --- ----------- ---------- Total Liabilities and Equity $ 2,613,814 $ 2,556,036 === =========== ========== Helix Energy Solutions Group, Inc. Reconciliation of Non-GAAP Measures Three Months Ended ---------------------------------- (in thousands, unaudited) 3/31/2024 3/31/2023 12/31/2023 ----------------------- ---------- ---------- ---------- Reconciliation from Net Loss to Adjusted EBITDA: ------------------------ Net loss $ (26,287) $ (5,165) $ (28,333) Adjustments: Income tax provision (benefit) (1,698) (2,018) 8,721 Net interest expense 5,477 4,187 4,771 Other (income) expense, net 2,216 (3,444) (6,963) Depreciation and amortization 46,353 37,537 44,103 EBITDA 26,061 31,097 22,299 -------- -------- -------- Adjustments: (Gain) loss on disposition of assets, net 150 (367) - Acquisition and integration costs - 231 - Change in fair value of contingent consideration - 3,992 10,927 General provision (release) for current expected credit losses (143) 141 129 Losses related to convertible senior notes 20,922 - 37,277 -------- -------- -------- Adjusted EBITDA $ 46,990 $ 35,094 $ 70,632 ======== ======== ======== Free Cash Flow: ------------------------ Cash flows from operating activities $ 64,484 $ (5,392) $ 94,737 Less: Capital expenditures, net of proceeds from asset sales and insurance recoveries (3,242) (6,300) (2,859) -------- -------- -------- Free Cash Flow $ 61,242 $ (11,692) $ 91,878 ======== ======== ======== Net Debt: ------------------------ Long-term debt including current maturities $ 318,164 $ 260,460 $ 361,722 Less: Cash and cash equivalents and restricted cash (323,849) (169,182) (332,191) -------- -------- -------- Net Debt $ (5,685) $ 91,278 $ 29,531 ======== ======== ========

    • 6:05PM ET on Wednesday Apr 24, 2024 by Dow Jones
      Companies Mentioned: HLX
      Accrued liabilities 163,797 203,112 Current maturities of long-term debt 8,965 48,292 Current operating lease liabilities 54,892 62,662 --- ----------- ---------- Total Current Liabilities 348,029 448,618 Long-term debt 309,199 313,430 Operating lease liabilities 314,351 116,185 Deferred tax liabilities 109,981 110,555 Other non-current liabilities 65,432 66,248 Shareholders' equity 1,466,822 1,501,000 --- ----------- ---------- Total Liabilities and Equity $ 2,613,814 $ 2,556,036 === =========== ========== Helix Energy Solutions Group, Inc. Reconciliation of Non-GAAP Measures Three Months Ended ---------------------------------- (in thousands, unaudited) 3/31/2024 3/31/2023 12/31/2023 ----------------------- ---------- ---------- ---------- Reconciliation from Net Loss to Adjusted EBITDA: ------------------------ Net loss $ (26,287) $ (5,165) $ (28,333) Adjustments: Income tax provision (benefit) (1,698) (2,018) 8,721 Net interest expense 5,477 4,187 4,771 Other (income) expense, net 2,216 (3,444) (6,963) Depreciation and amortization 46,353 37,537 44,103 EBITDA 26,061 31,097 22,299 -------- -------- -------- Adjustments: (Gain) loss on disposition of assets, net 150 (367) - Acquisition and integration costs - 231 - Change in fair value of contingent consideration - 3,992 10,927 General provision (release) for current expected credit losses (143) 141 129 Losses related to convertible senior notes 20,922 - 37,277 -------- -------- -------- Adjusted EBITDA $ 46,990 $ 35,094 $ 70,632 ======== ======== ======== Free Cash Flow: ------------------------ Cash flows from operating activities $ 64,484 $ (5,392) $ 94,737 Less: Capital expenditures, net of proceeds from asset sales and insurance recoveries (3,242) (6,300) (2,859) -------- -------- -------- Free Cash Flow $ 61,242 $ (11,692) $ 91,878 ======== ======== ======== Net Debt: ------------------------ Long-term debt including current maturities $ 318,164 $ 260,460 $ 361,722 Less: Cash and cash equivalents and restricted cash (323,849) (169,182) (332,191) -------- -------- -------- Net Debt $ (5,685) $ 91,278 $ 29,531 ======== ======== ========

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