NYSE$HLX
Helix Energy Solutions Group Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Helix reported a profitable fourth quarter with increased revenues and earnings per share compared to the previous year.
Helix Energy Solutions Group reported a net income of $2.7 million for the fourth quarter of 2022, a significant improvement compared to the net loss of $25.9 million in the same quarter of the previous year. The company's revenues increased to $287.8 million, driven by strong performance in the well intervention and robotics segments. Helix's adjusted EBITDA also saw a substantial increase, reaching $49.2 million compared to $8.8 million in the fourth quarter of 2021.
- Helix's Q4 2022 results showed strong sequential performance, even during a seasonally slower period.
- The company benefited from a healthy oil and gas market, strong robotics operations, and the contribution of the Alliance acquisition.
- Siem Helix vessels transitioned to long-term campaigns in Brazil, and the Q7000 vessel is moving to Asia Pacific for decommissioning work.
- The board authorized a $200 million share repurchase program, reflecting confidence in the company's performance and market environment.
Headline financials
Revenue & EPS history
Helix · Revenue · Quarterly
$288M
Revenue by segment
Helix · $302M total across 4 segments · Q4 2022
- Well Intervention$168M+40.7%55.6%
- Shallow Water Abandonment$57.4M—19.0%
- Robotics$48.5M+18.8%16.1%
- Production Facilities$27.9M+38.6%9.3%
Forward guidance
Helix anticipates continued improvements from the second half of 2022 into 2023, driven by strong performance and an improved market environment.
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 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro