Helix Energy Solutions Group reported a net loss of $26.3 million for Q1 2024, with revenues of $296.2 million. The company saw improvements in revenue, EBITDA, and free cash flow year-over-year, driven by high utilization in Well Intervention and good performance in Robotics. The company retired the remaining 2026 Notes and settled the Alliance earn-out during the quarter.
Net loss was $26.3 million, or $(0.17) per diluted share.
Adjusted EBITDA was $47.0 million.
Free cash flow was $61.2 million.
The company retired the remaining 2026 Notes and settled the Alliance earn-out.
No forward guidance was provided in the press release.
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