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Helix Energy Solutions (HLX)
:HLX
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.17Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 6.88%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and significant contract wins in 2024, with a positive outlook for 2025. However, challenges in the North Sea market and shallow water abandonment highlighted potential risks. The company's robust balance sheet and strategic contract positioning provide confidence in continued growth, despite certain macroeconomic and geopolitical risks.Company Guidance
During the Helix Energy Solutions Fourth Quarter 2024 Earnings Conference Call, the company provided detailed guidance for 2025, highlighting several key financial metrics. The projected revenue for 2025 is between $1.36 billion and $1.5 billion, with an expected EBITDA range of $320 million to $380 million, driven by term contracts at market rates. Free cash flow is anticipated to be between $175 million and $225 million, influenced by capital spending plans of $70 million to $90 million. Helix aims to allocate at least 25% of its free cash flow to share repurchases, with a possibility to increase if M&A opportunities do not materialize. The company emphasized strong contract coverage in well intervention and robotics, with notable trenching projects extending into 2029. Potential geographic expansion and the robust renewables market were also discussed as areas for growth. The outlook remains positive despite some macroeconomic challenges, such as geopolitical uncertainties and a softer rig market.Strong Financial Performance in 2024
Revenues for the fourth quarter were $355 million, with a gross profit of $59 million resulting in a net income of $20 million. Adjusted EBITDA was $72 million for the quarter, and positive operating cash flows were $78 million, resulting in strong free cash flow of $65 million. Full-year revenues were $1.36 billion with a gross profit of $220 million and a net income of $56 million, showing a greater than 10% improvement over the previous year.
Significant Contract Wins
New contracts include a six-month operation in Nigeria, a 400-day contract with Shell in Brazil, and renewals like the Helix Producer One contract extended to June 2026. Also executed two new three-year contracts with Petrobras.
Robust Robotics Performance
Robotics segment operated six vessels during the quarter with high utilization and secured significant trenching contracts, including a 300-day contract commencing in late 2026 on the Horned Sea Free Wind Farm in the UK.
Strong Balance Sheet
Ended the year with cash of $368 million and liquidity of $430 million, with a strong outlook for generating significant free cash flow and minimal debt obligations until 2029.
Positive Outlook for 2025
Revenue guidance for 2025 is set between $1.36 billion and $1.5 billion with improved margins. EBITDA is expected to be between $320 million and $380 million, with strong free cash flow generation.
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HLX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $7.85 | $8.60 | +9.55% |
| Oct 23, 2024 | $9.52 | $9.25 | -2.84% |
| Jul 24, 2024 | $12.53 | $12.54 | +0.08% |
| Apr 24, 2024 | $11.01 | $11.29 | +2.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Helix Energy Solutions (HLX) report earnings?
Helix Energy Solutions (HLX) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Helix Energy Solutions (HLX) earnings time?
Helix Energy Solutions (HLX) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HLX EPS forecast?
HLX EPS forecast for the fiscal quarter 2025 (Q1) is <0.01.
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