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Helix Energy Solutions Group (HLX)
NYSE:HLX
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Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.09Last Year’s EPS
-$0.19Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -5.15%
|Next Earnings Date:Feb 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong financial performance with significant contract backlogs and improved year-to-date results. However, challenges such as weather-related downtime and sluggishness in the Shallow Water Abandonment market offset some of these gains.Company Guidance
During the Q3 2024 earnings call for Helix Energy Solutions Group, the guidance provided highlighted several key financial metrics and operational updates. The company reported quarterly revenues of $342 million, a gross profit of $66 million, and net income of $29.5 million. Adjusted EBITDA stood at $88 million, with operating cash flow at $56 million and free cash flow at $53 million. Helix's liquidity remained strong, with cash and equivalents totaling $324 million. The company's full-year revenue guidance was set at $1.3 billion to $1.365 billion, with EBITDA guidance narrowed to $280 million to $310 million. Free cash flow expectations were increased to a range of $120 million to $150 million, driven by lower-than-expected working capital outflows. Capital spending was forecasted to be between $55 million and $70 million. Key operational highlights included the mobilization of the Q4000 to Nigeria and the Q7000's transit to Northwest Australia, along with strong robotics performance and new contracts contributing over $800 million in backlog. Helix anticipates improvements in EBITDA for 2025, with a projected increase of $60 million to $100 million, largely due to higher market rates and new contracts.Strong Financial Performance
Q3 revenue was $342 million, with a gross profit of $66 million and net income of $29.5 million. Adjusted EBITDA was $88 million, and positive operating cash flow was $56 million, leading to a strong free cash flow of $53 million.
Robust Contract Backlog
Over $800 million in backlog with new contracts including long-term agreements with Petrobras and Shell, ensuring committed utilization for multiple years.
Improved Year-to-Date Results
Year-to-date revenues were $1 billion with a gross profit of $161 million and net income of $36 million. Year-to-date adjusted EBITDA was $232 million, showing improvement over 2023.
Strong Robotics Segment Performance
Robotics segment performed at high standards, operating 6 vessels with high utilization on renewables and oil and gas projects globally.
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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 |
|---|---|---|---|
| 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% |
| Feb 26, 2024 | $10.25 | $9.11 | -11.12% |
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 Group (HLX) report earnings?
Helix Energy Solutions Group (HLX) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
What is Helix Energy Solutions Group (HLX) earnings time?
Helix Energy Solutions Group (HLX) earnings time is at Feb 24, 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 2024 (Q4) is $0.09.
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