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Mar 31, 2021
Helix Q1 2021 Earnings Report
Helix reported first quarter 2021 results with a net loss and an adjusted EBITDA.
Key Takeaways
Helix Energy Solutions Group reported a net loss of $2.9 million, or $(0.02) per diluted share, for the first quarter 2021. Adjusted EBITDA was $36.2 million. The company benefited from the recommencement of operations of the Q7000 in Nigeria, an early start-up of the Well Enhancer, and improved cost structure in the Robotics segment.
Net loss of $2.9 million, or $(0.02) per diluted share, for the first quarter 2021.
Adjusted EBITDA of $36.2 million in the first quarter 2021.
Revenues for the first quarter 2021 were $163.415 million.
Cash and cash equivalents totaled $204.8 million at the end of the quarter.
Revenue by Segment
Forward Guidance
Although we expect 2021 to be another challenging year as our Well Intervention group shifts more to the spot market, we should remain poised to benefit when the market returns.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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