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Dec 31, 2020
Helix Q4 2020 Earnings Report
Helix reported Q4 2020 results with net income of $4.2 million and adjusted EBITDA of $35.3 million.
Key Takeaways
Helix Energy Solutions Group reported a net income of $4.2 million for the fourth quarter of 2020, compared to $8.1 million for the fourth quarter of 2019. Adjusted EBITDA was $35.3 million for the fourth quarter 2020, compared to $33.3 million for the fourth quarter 2019.
Net income for Q4 2020 was $4.2 million, or $0.03 per diluted share.
Adjusted EBITDA for Q4 2020 was $35.3 million.
Well Intervention revenues decreased due to lower vessel utilization in the North Sea and Gulf of Mexico.
Robotics revenues increased due to an increase in vessel days, which included chartered vessels on the renewables site clearance project in the North Sea.
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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