Helix Energy Solutions Group (HLX) Tops Q4 EPS by 3c

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Helix Reports Fourth Quarter and Full Year 2015 Results

February 22, 2016 7:28 PM EST

HOUSTON--(BUSINESS WIRE)-- Helix Energy Solutions Group, Inc. (NYSE: HLX) reported Adjusted EBITDA1 of $34.2 million for the fourth quarter of 2015 compared to $51.5 million in the third quarter of 2015 and $39.4 million for the fourth quarter of 2014. Adjusted EBITDA for the year ended December 31, 2015 was $172.7 million compared with adjusted EBITDA of $378.0 million for the year ended December 31, 2014.

Helix reported a net loss of $403.9 million, or $(3.83) per diluted share, for the fourth quarter of 2015 compared to net income of $8.0 million, or $0.08 per diluted share, for the same period in 2014 and net income of $9.9 million, or... More