NYSE$HLX

Helix Energy Solutions Group Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Helix reported Q4 2020 results with net income of $4.2 million and adjusted EBITDA of $35.3 million.

Helix Energy Solutions Group reported a net income of $4.2 million for the fourth quarter of 2020, compared to $8.1 million for the fourth quarter of 2019. Adjusted EBITDA was $35.3 million for the fourth quarter 2020, compared to $33.3 million for the fourth quarter 2019.

  • Net income for Q4 2020 was $4.2 million, or $0.03 per diluted share.
  • Adjusted EBITDA for Q4 2020 was $35.3 million.
  • Well Intervention revenues decreased due to lower vessel utilization in the North Sea and Gulf of Mexico.
  • Robotics revenues increased due to an increase in vessel days, which included chartered vessels on the renewables site clearance project in the North Sea.

Headline financials

Total Revenue

$160M

Previous: $171M-6.4%
EPS (adj)

$0.03

Previous: $0.05-40.0%
Well Intervention Utilization

56.0%

Previous: 92.0%-39.1%
Free Cash Flow

$39.1M

Previous: -$15.4M+353.8%
Net Income

$4.16M

Previous: $7.93M-47.5%
Operating Income

$843K

Previous: $5.66M-85.1%
Gross Profit

$13.7M

Previous: $26.6M-48.5%
Cash & Equivalents

$291M

Previous: $208M+39.8%
Total Assets

$2.5B

Previous: $2.6B-3.8%
Stock-Based Comp

$2.17M

Previous: $2.49M-12.7%

Revenue & EPS history

Helix · Revenue · Quarterly

$160M

Q4 2020-6.4%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Helix · $169M total across 3 segments · Q4 2020

  • Well Intervention
    $112M-21.0%
  • Robotics
    $42.1M+19.4%
  • Production Facilities
    $15M-9.4%

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 Q4 2020

Historical avgQ4 2020

+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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