Helix Energy Solutions Group (HLX) Reports In-Line Q2 Loss of 10c/Share

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Go back to Helix Energy Solutions Group (HLX) Reports In-Line Q2 Loss of 10c/Share

Helix Reports Second Quarter 2016 Results

July 19, 2016 7:05 PM EDT

HOUSTON--(BUSINESS WIRE)-- Helix Energy Solutions Group, Inc. (NYSE: HLX) reported a net loss of $10.7 million, or $(0.10) per diluted share, for the second quarter of 2016 compared to a net loss of $2.6 million, or $(0.03) per diluted share, for the same period in 2015 and a net loss of $27.8 million, or $(0.26) per diluted share, for the first quarter of 2016. The net loss for the six months ended June 30, 2016 was $38.5 million, or $(0.36) per diluted share, compared to net income of $17.0 million, or $0.16 per diluted share, for the six months ended June 30, 2015.

Helix reported adjusted EBITDA1 of $14.9... More