Helix Energy ( (HLX) ) has provided an announcement.
Helix Energy Solutions Group reported its financial results for the fourth quarter and full year 2024, showing a net income of $20.1 million for the fourth quarter and $55.6 million for the full year, marking a turnaround from a net loss in 2023. The company achieved its highest EBITDA since 2014 and reported strong free cash flow, despite challenges in its Shallow Water Abandonment segment. Helix completed the restructuring of its balance sheet by retiring convertible notes, ending the year with significant cash levels and negative net debt. The company also secured new contracts for its well intervention fleet, ensuring strong contract coverage as it enters 2025.
More about Helix Energy
Helix Energy Solutions Group, Inc. operates in the energy sector, focusing on well intervention, robotics, shallow water abandonment, and production facilities. The company is known for its expertise in offshore energy services and has a significant presence in the market with operations that emphasize high utilization and improving rates in well intervention and robotics.
YTD Price Performance: -18.90%
Average Trading Volume: 1,310,143
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.19B
Learn more about HLX stock on TipRanks’ Stock Analysis page.