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Helix Reports Fourth Quarter and Full Year 2024 Results

1. HLX Q4 2024 nets $20.1M income, lower than Q3 earnings. 2. Q4 2023 loss driven by $37.3M repurchase drag; performance shows recovery.

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Why Neutral?

The Q4 2024 profit marks a turnaround from last year's loss, but the drop from Q3 suggests caution. Historically, earnings improvements that miss sequential expectations tend to yield a muted market reaction.

How important is it?

While the positive year-over-year turnaround is notable, the sequential decline and repurchase-related losses dampen investor enthusiasm, leading to a moderate overall impact.

Why Short Term?

Quarterly earnings reports generally trigger near-term price adjustments as investors digest the numbers, similar to past earnings cycles.

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SLBNOV
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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