NYSE$HLX
Helix Energy Solutions Group Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Helix reported a net loss and revenue of $250.1 million for Q1 2023.
Helix Energy Solutions Group reported a net loss of $5.2 million for the first quarter of 2023, with revenues reaching $250.1 million. The company's performance was influenced by factors such as the Q7000's transit to the Asia Pacific region, regulatory inspections, and scheduled maintenance.
- Net loss of $5.2 million, or $(0.03) per diluted share reported.
- Adjusted EBITDA was $35.1 million.
- Well Intervention vessel utilization decreased to 80%.
- Company executed share repurchases of $5.0 million.
Headline financials
Revenue & EPS history
Helix · Revenue · Quarterly
$250M
Revenue by segment
Helix · $262M total across 4 segments · Q1 2023
- Well Intervention$142M+33.9%54.4%
- Shallow Water Abandonment$49.4M—18.9%
- Robotics$49.2M+31.8%18.8%
- Production Facilities$20.9M+14.3%8.0%
Forward guidance
Helix anticipates a strong outlook for the remainder of the year, with key projects and utilization expected to drive performance.
Tailwinds
- Q7000 should commence its New Zealand decommissioning project during the second quarter.
- Anticipate solid utilization in the North Sea and Gulf of Mexico Well Intervention businesses for the remainder of the year following the Q4000 completing its dry docking during the second quarter.
- Shallow Water Abandonment and Robotics businesses are expected to continue to have higher seasonal activity levels.
- Contracted one of new intervention riser systems on a long-term project offshore Australia.
- Expect to commence first trenching campaign in Taiwan during the second quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.9%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+1.9%
Avg return
30 days after
52%
36 / 69 earnings
Positive
+25.2%
Q4 2015
Best reaction
-18.5%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | +4.1% | +3.8% | |
| Q4 2025 | +15.1% | +1.3% | +11.1% | |
| Q3 2025 | +4.7% | +1.5% | -3.0% | |
| Q2 2025 | -0.3% | -0.7% | +8.4% | |
| Q1 2025 | -0.5% | -6.2% | -7.1% | |
| Q4 2024 | +9.6% | +9.8% | +8.8% | |
| Q3 2024 | -4.7% | -2.8% | +17.0% | |
| Q2 2024 | -1.4% | -10.1% | -13.1% | |
| Q1 2024 | +1.3% | +0.1% | +0.4% | |
| Q4 2023 | -10.3% | -5.8% | +6.5% | |
| Q3 2023 | +0.4% | -4.9% | -11.6% | |
| Q2 2023 | +10.2% | +12.5% | +10.2% | |
| Q1 2023 | -5.9% | -5.4% | -11.0% | |
| Q4 2022 | +12.1% | +7.7% | -2.6% | |
| Q3 2022 | +9.3% | +37.1% | +32.7% | |
| Q2 2022 | +21.8% | +54.8% | +67.4% | |
| Q1 2022 | -11.6% | -14.7% | -5.6% | |
| Q4 2021 | -3.7% | -4.2% | +16.5% | |
| Q3 2021 | -3.3% | -2.4% | -23.1% | |
| Q2 2021 | -5.9% | -5.9% | -14.1% | |
| Q1 2021 | -6.3% | -4.0% | +11.2% | |
| Q4 2020 | -3.8% | -1.0% | -0.4% | |
| Q3 2020 | +1.9% | -4.5% | +23.7% | |
| Q2 2020 | +23.7% | +13.5% | -8.7% | |
| Q1 2020 | +8.4% | +3.2% | +66.5% | |
| Q4 2019 | -13.5% | -18.7% | -74.1% | |
| Q3 2019 | +11.6% | +12.0% | +1.1% | |
| Q2 2019 | -0.9% | +0.5% | -18.9% | |
| Q1 2019 | +2.4% | -5.8% | -12.9% | |
| Q4 2018 | -7.2% | +0.0% | +8.4% | |
| Q3 2018 | -3.5% | -17.7% | -23.9% | |
| Q2 2018 | +3.2% | +14.1% | +5.2% | |
| Q1 2018 | +8.6% | +21.1% | +20.2% | |
| Q4 2017 | -9.5% | -5.2% | -12.8% | |
| Q3 2017 | -8.4% | -10.1% | -11.7% | |
| Q2 2017 | +7.0% | +12.8% | +7.9% | |
| Q1 2017 | -14.5% | -13.7% | -17.8% | |
| Q4 2016 | +14.7% | +9.2% | -4.0% | |
| Q3 2016 | +4.1% | +5.8% | +3.7% | |
| Q2 2016 | +14.3% | +15.9% | +23.4% | |
| Q1 2016 | +17.0% | — | — | |
| Q4 2015 | +25.2% | — | — | |
| Q3 2015 | +23.4% | — | — | |
| Q2 2015 | -18.5% | — | — | |
| Q1 2015 | +3.0% | — | — | |
| Q4 2014 | -12.9% | — | — | |
| Q3 2014 | +9.3% | — | — | |
| Q2 2014 | +8.7% | — | — | |
| Q1 2014 | +2.1% | — | — | |
| Q4 2013 | +2.3% | — | — | |
| Q3 2013 | -2.7% | — | — | |
| Q2 2013 | -0.4% | — | — | |
| Q1 2013 | +1.1% | — | — | |
| Q4 2012 | -6.2% | — | — | |
| Q3 2012 | -8.6% | — | — | |
| Q2 2012 | -6.1% | — | — | |
| Q1 2012 | +6.7% | — | — | |
| Q4 2011 | +3.5% | — | — | |
| Q3 2011 | +7.6% | — | — | |
| Q2 2011 | -5.2% | — | — | |
| Q1 2010 | -1.4% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q4 2008 | +8.5% | — | — | |
| Q4 2010 | +8.5% | — | — | |
| Q3 2010 | -3.1% | — | — | |
| Q3 2009 | -3.1% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q2 2009 | -0.7% | — | — |
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