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Helix Energy Solutions Awarded Multi-Year Contract in the Gulf of America

1. HLX awarded a multi-year contract for Gulf of America services. 2. Contract ensures vessel utilization starting in 2026 over three years.

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FAQ

Why Bullish?

The secured multi-year contract enhances HLX's revenue stability. Similar past contracts have positively influenced stock performance.

How important is it?

The contract assures future cash flow, vital for growth; thus, high relevance to HLX's price.

Why Long Term?

Revenue from the contract spans several years, ensuring prolonged financial benefits. Historical earnings from multi-year contracts have significantly bolstered HLX's market position.

Related Companies

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has been awarded a multi-year contract with a major operator to provide production enhancement and well abandonment services in the U.S. Gulf of America. The contract, commencing in 2026, includes a minimum commitment of vessel utilization, split over three years. The contract calls for the provision of either the Q5000 or Q4000 riser-based well intervention vessel, a 10k or 15k Intervention Riser S.

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