Helix Energy Solutions Group (HLX) Tops Q3 EPS by 21c

Helix Energy Solutions Group (NYSE: HLX) reported Q3 EPS of $0.71, $0.21 better than the analyst estimate of $0.50. Revenue for the quarter came in at $340.84 million versus the consensus estimate of $299.5 million.

Owen Kratz, President and Chief Executive Officer of Helix, stated, “We executed at a high level in the third quarter for both the Well Intervention and the Robotics businesses. This quarter’s results reflect the strong demand for our services and the earnings ability of our existing asset base. As previously forecasted, the fourth quarter’s earnings are expected to decline as a result of two of our Well Intervention vessels – the Skandi Constructor and the Seawell – entering dry dock, as well as normal seasonal factors in the Robotics business.”

For earnings history and earnings-related data on Helix Energy Solutions Group (HLX) click here.

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