NYSE$HLX
Helix Energy Solutions Group Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported net income and improved sequentially due to seasonal activity and strong utilization.
Helix Energy Solutions Group reported a net income of $7.1 million for the second quarter of 2023, a significant improvement compared to the net loss of $29.7 million in the same quarter of the previous year. The company's adjusted EBITDA also saw a substantial increase, reaching $71.3 million compared to $16.8 million in the second quarter of 2022. This improvement was driven by increased activity in the Robotics and Shallow Water Abandonment segments, as well as strong utilization in the Well Intervention segment.
- Second quarter results improved sequentially, benefitting from seasonal pick-up in Robotics and Shallow Water Abandonment.
- Robotics segment achieved its highest quarterly revenues since 2015 due to improved global activity.
- Helix Alliance operations improved with the commencement of seasonal activity of the Epic Hedron heavy lift barge.
- Company increased its guidance for 2023 due to overall strong performance and outlook.
Headline financials
Revenue & EPS history
Helix · Revenue · Quarterly
$309M
Revenue by segment
Helix · $324M total across 4 segments · Q2 2023
- Well Intervention$154M+45.1%47.6%
- Shallow Water Abandonment$76.3M—23.6%
- Robotics$70.1M+40.5%21.6%
- Production Facilities$23.1M+30.8%7.1%
Forward guidance
Given our overall strong performance during the second quarter and the strength in our outlook for the second half of the year, we increased our guidance for 2023.
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 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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