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Mar 31, 2024
Helix Q1 2024 Earnings Report
Helix reported a net loss with increased revenue and improved free cash flow compared to the same quarter last year.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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