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Helix Reports Fourth Quarter and Full Year 2024 Results

1. HLX reported Q4 2024 net income of $20.1M, reversing Q4 2023 losses. 2. Q4 EPS of $0.13 was lower than Q3's $0.19, showing sequential decline.

Earnings
+9.55%Current Return
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-0.5%S&P 500
$7.8502/24 06:21 PM EDTEvent Start
$8.602/26 12:48 AM EDTLatest Updated
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FAQ

Why Neutral?

The Q4 2024 figures improve from last year's loss but underperform Q3, creating mixed signals. Similar earnings discrepancies in past quarters have led to modest price adjustments rather than strong directional moves.

How important is it?

Earnings announcements are critical for valuation; this report’s mixed performance will quickly influence investor perceptions and near-term price action.

Why Short Term?

Quarterly earnings results tend to have an immediate effect on investor sentiment and trading behavior, as seen historically in the energy services sector.

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HALSLB
HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported net income of $20.1 million, or $0.13 per diluted share, for the fourth quarter 2024 compared to net income of $29.5 million, or $0.19 per diluted share, for the third quarter 2024 and a net loss of $28.3 million, or $(0.19) per diluted share, for the fourth quarter 2023. Net loss in the fourth quarter 2023 includes a net pre-tax loss of approximately $37.3 million related to the repurchase of $159.8 mil.

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