Helix Energy Solutions Group (HLX) Posts Mixed Q1 Results

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Go back to Helix Energy Solutions Group (HLX) Posts Mixed Q1 Results

Helix Reports First Quarter 2016 Results

April 19, 2016 6:05 PM EDT

HOUSTON--(BUSINESS WIRE)-- Helix Energy Solutions Group, Inc. (NYSE: HLX) reported Adjusted EBITDA1 of $1.0 million for the first quarter of 2016 compared to $34.2 million for the fourth quarter of 2015 and $51.4 million for the first quarter of 2015.

Helix reported a net loss of $27.8 million, or $(0.26) per diluted share, for the first quarter of 2016 compared to net income of $19.6 million, or $0.19 per diluted share, for the same period in 2015 and a net loss of $403.92 million, or $(3.83) per diluted share, for the fourth quarter of 2015.

Owen Kratz, President and Chief Executive Officer of Helix,... More