Helix Energy Solutions Group reported a net loss of $25.9 million for Q4 2021, compared to a net income of $4.2 million for Q4 2020. Despite the loss, the company delivered on the higher end of its EBITDA outlook and exceeded its free cash flow guidance. The company achieved zero net debt in 2021 and was net debt negative at year-end, and they expect a stronger second half of 2022 and continuing into 2023.
Net loss of $25.9 million, or $(0.17) per diluted share, for the fourth quarter 2021.
Adjusted EBITDA was $8.8 million for the fourth quarter 2021.
Free cash flow was $17.9 million in the fourth quarter 2021.
Achieved zero net debt in 2021 and were net debt negative at year-end.
Visualization of income flow from segment revenue to net income
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