NYSE$HLX

Helix Energy Solutions Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Helix experienced a net loss and a decrease in revenue compared to the previous year, but generated strong cash flows.

Helix Energy Solutions Group reported a net loss of $13.7 million for Q2 2021, compared to a net income of $5.5 million in Q2 2020. Revenues decreased to $161.9 million from $199.1 million year-over-year. Despite these challenges, the company generated strong cash flows due to improvements in working capital and disciplined capital spending.

  • Net loss of $13.7 million, or $(0.09) per diluted share.
  • Adjusted EBITDA decreased to $24.8 million from $47.9 million year-over-year.
  • Revenues decreased to $161.9 million from $199.1 million year-over-year.
  • Strong cash flows generated due to improvements in working capital and disciplined capital spending.

Headline financials

Total Revenue

$162M

Previous: $199M-18.7%
EPS (adj)

-$0.09

Previous: $0.04-325.0%
Well Intervention Utilization

72.0%

Previous: 72.0%+0.0%
ROV and Trencher Utilization

36.0%

Previous: 34.0%+5.9%
Free Cash Flow

-$13.7M

Previous: $5.45M-351.5%
Net Income

-$13.7M

Previous: $5.45M-351.5%
Operating Income

-$10.9M

Previous: $14.2M-177.1%
Gross Profit

$3.13M

Previous: $29.6M-89.4%
Cash & Equivalents

$244M

Previous: $178M+36.7%
Total Assets

$2.42B

Previous: $2.48B-2.7%
Stock-Based Comp

$2M

Previous: $1.99M+0.6%

Revenue & EPS history

Helix · Revenue · Quarterly

$162M

Q2 2021-18.7%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Helix · $178M total across 3 segments · Q2 2021

  • Well Intervention
    $132M-9.3%
  • Robotics
    $31.7M-37.7%
  • Production Facilities
    $14.2M+4.6%

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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