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Helix Energy reported Q2 results exceeding expectations with strong revenue growth. Adjusted EBITDA reached new highs despite a $85 million earn out payment. Management expects a significant increase in EBITDA due to improved market conditions. Free cash flow could exceed $200 million next year, enhancing financial strength. Price target increased from $13.50 to $16.00, offering substantial upside potential.
- Helix Energy reported Q2 results exceeding expectations with strong revenue growth.
- Adjusted EBITDA reached new highs despite a $85 million earn out payment.
- Management expects a significant increase in EBITDA due to improved market conditions.
- Free cash flow could exceed $200 million next year, enhancing financial strength.
- Price target increased from $13.50 to $16.00, offering substantial upside potential.
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