NYSE$HLX

Helix Energy Solutions Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Helix reported mixed results with a net loss, but delivered on the higher end of EBITDA outlook and exceeded free cash flow guidance.

Helix Energy Solutions Group reported a net loss of $25.9 million for Q4 2021, compared to a net income of $4.2 million for Q4 2020. Despite the loss, the company delivered on the higher end of its EBITDA outlook and exceeded its free cash flow guidance. The company achieved zero net debt in 2021 and was net debt negative at year-end, and they expect a stronger second half of 2022 and continuing into 2023.

  • Net loss of $25.9 million, or $(0.17) per diluted share, for the fourth quarter 2021.
  • Adjusted EBITDA was $8.8 million for the fourth quarter 2021.
  • Free cash flow was $17.9 million in the fourth quarter 2021.
  • Achieved zero net debt in 2021 and were net debt negative at year-end.

Headline financials

Total Revenue

$169M

Previous: $160M+5.5%
EPS (adj)

-$0.17

Previous: $0.03-666.7%
Well Intervention Utilization

56.0%

Previous: 56.0%+0.0%
Free Cash Flow

$17.9M

Previous: $39.1M-54.2%
Net Income

-$25.9M

Previous: $4.16M-722.3%
Operating Income

-$26.9M

Previous: $843K-3286.2%
Gross Profit

-$5.36M

Previous: $13.7M-139.1%
Cash & Equivalents

$254M

Previous: $291M-13.0%
Total Assets

$2.33B

Previous: $2.5B-6.9%
Stock-Based Comp

$1.91M

Previous: $2.17M-12.3%

Revenue & EPS history

Helix · Revenue · Quarterly

$169M

Q4 2021+5.5%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Helix · $180M total across 3 segments · Q4 2021

  • Well Intervention
    $119M+6.5%
  • Robotics
    $40.9M-3.0%
  • Production Facilities
    $20.1M+34.2%

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 2021

Historical avgQ4 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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