NYSE$HLX
Helix Energy Solutions Group Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Helix reported improved second quarter results driven by seasonal pick-up in utilization in Robotics and Well Intervention operations in the North Sea and completed scheduled maintenance and regulatory inspections on six vessels.
Helix Energy Solutions Group reported a net loss of $29.7 million, or $(0.20) per diluted share, for the second quarter 2022, compared to a net loss of $13.7 million, or $(0.09) per diluted share, for the second quarter 2021. Adjusted EBITDA was $16.8 million for the second quarter 2022, compared to $24.8 million for the second quarter 2021.
- Second quarter results improved sequentially due to seasonal pick-up in utilization in Robotics and Well Intervention operations in the North Sea.
- Completed scheduled maintenance and regulatory inspections on six vessels, including the Q7000 in West Africa.
- Continued to de-lever balance sheet with the repayment of 2022 convertible debt.
- Closed on the acquisition of the Alliance group of companies on July 1.
Headline financials
Revenue & EPS history
Helix · Revenue · Quarterly
$163M
Revenue by segment
Helix · $174M total across 3 segments · Q2 2022
- Well Intervention$106M-19.7%61.2%
- Robotics$49.9M+57.5%28.7%
- Production Facilities$17.7M+24.3%10.2%
Forward guidance
The company has now issued full-year guidance and believes that all markets are showing signs of recovery, which should result in improved results and outlook.
Tailwinds
- Prospects for the offshore market are starting to reflect improved activity in line with current commodity prices and outlook.
- Markets are showing signs of recovery, which should result in improved results and outlook.
- Positioned the company for a much stronger second half of 2022 and beyond.
- Acquisition of the Alliance group of companies will add shelf decommissioning capabilities.
- Efforts to position Helix as a preeminent offshore Energy Transition company.
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 2022
+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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