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Jun 30, 2021
Helix Q2 2021 Earnings Report
Helix experienced a net loss and a decrease in revenue compared to the previous year, but generated strong cash flows.
Key Takeaways
Helix Energy Solutions Group reported a net loss of $13.7 million for Q2 2021, compared to a net income of $5.5 million in Q2 2020. Revenues decreased to $161.9 million from $199.1 million year-over-year. Despite these challenges, the company generated strong cash flows due to improvements in working capital and disciplined capital spending.
Net loss of $13.7 million, or $(0.09) per diluted share.
Adjusted EBITDA decreased to $24.8 million from $47.9 million year-over-year.
Revenues decreased to $161.9 million from $199.1 million year-over-year.
Strong cash flows generated due to improvements in working capital and disciplined capital spending.
Revenue by Segment
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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